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I think most of us would agree that the mortgage industry could do with some more transparency. The murky workings of the underworld of billions of dollars of loans can...
Did you know this week we're going to see another Black Friday? No, don't run out and pick up that weed whacker you've always wanted, it's not that kind of...
Remember that program, you know, the one that was supposed to help every underwater borrower all over the country but ended helping under 1 million? What was that called again?...
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...
Watch out everyone! There are less homes for sale now than there were last year. Um, okay that may not be the scariest announcement you've ever heard. And there are...
I always encourage people to put a positive spin on a bad situation. If it's something you've got to learn to accept then why not embrace it and move on?...
I've been hearing a lot of talk in the comments section about the pressing need to pursue principal reductions for underwater homeowners. Apparently this blog gets more attention than I...
Let's say you've got a good friend who's been with you a long time. And you know that every single time he gives you advice it ends up being BAD...
It looks like Michigan is getting tough, or at least trying to look the part. As the entire country has been reeling from the repeated shocks the housing system, Michigan...
Every time I see big shots in Washington arguing with each other I get excited. No, I don't get excited because I think they'll eventually come to an agreement. What...
Where have all the foreclosures gone? That's what a lot of concerned people are asking. I don't mean where is the giant shadow inventory of foreclosures and pending foreclosures. Don't worry, those are still piling up and will be skewing the market...
I'm almost getting tired of reporting on how incompetent some federal organizations are. Almost. But there are some times where it's just too much fun. It all comes back to the robo-signing scam that was perpetrated on thousands of homeowners....
If you don't have any money put away in savings you've got to take a good hard look at some scary statistics. According to a national survey one in three Americans wouldn't be able to make more than one month's rent if they suddenly lost their...
Did your mother ever call you ten times to come to the dinner table and after you completely ignored her should would say "Are you waiting for an engraved invitation?" If that describes you then your invitation has just arrived. Only it's not from...
Out West, surf's up, and so are foreclosures. Some freaky new stats just came out which have experts across the board surprised and flipped out. For months foreclosures have been declining. Then along come Arizona, California, Nevada, Oregon and...
You all know that I'm not a fan of government dropping tons of cash into the economy. And I'm even less excited when they start butting their noses into real estate. But I've just got wind of an interesting program that may just have some promise....
I bet you can already guess what's down and what's up in real estate. It's becoming a sad joke in the industry how short sales are kicking it over REOs but the numbers don't lie, so let me blow your mind for a second. Short sales - up 19% in the...
Well, I'm relieved. Fannie Mae's second quarter losses went down compared to first quarter. So tax payers are less on the hook than they were a few months ago. Fannie "only" took us to the cleaners for $5 billion. And for those keeping score at...
Would you buy a foreclosed home? I guess the real question is, would you live in a foreclosed home? Apparently most of you out there would go for a non-foreclosure even if it was slightly more expensive than a foreclosed home. Something about being...
Here's a wild story making its way around the news today. A woman and her sons discovered that her father had a collection of rare coins which are worth around $80 million. That's a nice inheritance to get from Grandpa. There's just one catch:...
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