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Two Views on Housing

Believe it or not (oh yeah, you should believe it) there's controversy surrounding the President's latest plan to mess with the housing market. As he announced in his State of the Union address he wants to have someone look through the deep dark...

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Anti-Flipping Waiver Extended

The FHA has extended its property anti-flippng rule through the end of this year. Instead of the usual 90 day rule, the FHA will insure a mortgage on a home owned for less time. So FHA insured financing is still up for grabs on solid deals....

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Foreclosure Mediation Fail

Foreclosure Mediation Fail

You know how Congress seems to have a big problem compromising? The two parties can't seem to both get behind something because of "irreconcilable differences"? Well, it seems Florida has caught the unreasonable bug. You see, Florida had this...

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Mortgage Servicers Close to Settlement

Mortgage Servicers Close to Settlement

It's a holiday bonanza for a few states this season. The latest report has it that the attorneys general are close to a settlement with the largest mortgage servicers before Christmas. Remember, this buys them immunity from anything they did wrong...

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HomeSteps Steps Up

HomeSteps Steps Up

Wow, I finally am reading about a government program I can at least a tiny bit get behind. I'm doing my best to sound appropriately enthusiastic without making you think I'm buying in to Washington hype. But for all the ridiculous schemes that...

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Scammers Are Out to Get You

Scammers Are Out to Get You

Have any of you been targeted by mortgage rescue scammers? Ever seen ads or been contacted by someone who will make all your financial troubles disappear for seemingly no money just out of the goodness of their own heart? I'm sure you have and I'd...

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Nevada is Getting Tough!

Nevada is Getting Tough!

Ah, Nevada. Home of many of life's worst vices, and many crazy times. It's been hit hard by the recession, practically the hardest of any state. It's had barely any recovery so far and it's the butt of many jokes. So now . . . it's time for...

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The Only Thing We Have to Fear…

The Only Thing We Have to Fear…

It looks like the latest unemployment statistics aren't the first sign of a drastic turn-around. Even though the rate fell from 9.1% to 9.0% (that's 80,000 new jobs, by the way) it's in the range predicted by analysts and they say not much else is...

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Freddie’s Bailouts Need Bailouts

Freddie’s Bailouts Need Bailouts

So here I am skimming the real estate news as I always do and I read about how Freddie Mac is taking its largest hit in a year. And then I read about how the government is obligated to cover their losses. No news there. So I keep skimming and I...

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Government Auditing Your Mortgage

Government Auditing Your Mortgage

I'd say 6 months is actually pretty good for our government to get something done. Of course, if you were actually paying someone for a service you wouldn't think that was quick, but we take what we can get with Uncle Sam. Back in April we were...

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