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All the hassles and pains of doing a short sale . . . well, they still exist, unless you choose to use a professional. But at least as far as...
Remember when people told you that the recovery will see gains of 3 to 3.5 percent? That prices are going to look pretty good in the next couple of years?...
There are some new stats coming out about how we’re doing, but first, let’s dispense with some rumors. Our Congress has definitely not gone the way of Greece, our leaders...
Good old Florida is turning out to be pretty scrappy after all. Since being one of the hardest hit areas of the country by the “downturn” they were projected to...
There’s nothing quite like learning something new, even if it’s really absurd trivia. But hey, these are important fun facts that you can use in everyday conversation, or to open...
Your check may be in the mail. That’s right, not a Publisher’s Clearinghouse one, but free money is free money so don’t ask questions. Bank of America will be mailing...
I read an amazing article that captures an amazing message for people everywhere. A lot of life’s most important lessons are learned only while your living it so it’s a...
Here’s a comparison you don’t hear very often: the home-buyer tax credit versus European debt crisis, earthquakes in Japan, and debt ceilings. I just wouldn’t have put all those in...
We’ve reached that special month of May when the year turns serious and kicks into high gear. The weather is warmer (minus some freak NE cold spells), production is higher,...
February was a good month if you’re a house – your average value went up. It might just be a temporary thing but I say milk it for all it’s...
Everyone out there who likes to talk about the real estate market likes to show off his or her own spin on what’s most important to look at. You can easily get overwhelmed with people telling you to focus on housing starts, home prices, unemployment, housing permits, loans, foreclosures, defaults, etc. Then you can go...
Ally Financial has finally decided that in the current financial crisis, making a quick buck is less important than doing right by its customers, its investors, and the country as a whole. I’m referring of course to their newest announcement – they’re willing to lower the principal on mortgages deemed “likely to default” to 85%...
I’m going to have to break some bad news to you. And I know you don’t want to hear anything depressing. But I’m a guy who tells it to you straight and I don’t like to raise unreachable expectations. So let’s get serious for a second: the recovery is going to take a long time...
Broker compensation has been a hot topic since the Fed stepped in and starting muddying the waters. Check out what these guys have to say about it and see a glimpse of the future: Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend on Facebook Share on FriendFeed Share on Linkedin share...
Should Fannie and Freddie head the way of so many good companies during the recession? Should they finally close their doors for good? And who would fill the void if they were gone? These are the questions lawmakers, bankers, and everyone else will be discussing during the coming months as GSEs come under every more...
Will there be a second foreclosure freeze? Will more irregularities crop among big banks’ foreclosure policies? It could very well happen so watch this video to find out why: Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend on Facebook Share on FriendFeed Share on Linkedin share via Reddit Share with Stumblers...
If Bank of America continues to get taken to the cleaners by Fannie Mae and Freddie Mac, loans could get much more expensive. To find out why this might happen and how likely it is, check out this video: Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend on Facebook Share on...
Can Short Sales possibly keep up with the foreclosure market available? That’s the question on most short sale investors’ minds. Until now banks have consistently favored foreclosures over short sales. But all that may be changing. Banks are planning on putting significantly more resources into checking out and approving short sales. In the coming months...
These guys have leveled a challenge to mid-sized banks. They want to see these groups go the extra mile for their customers. If you want to see more improvement in the industry, you’ve got to see this video. Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend on Facebook Share on FriendFeed...
What fills you with less confidence: seeing more money at risk of bad loans or seeing more banks at risk of bad loans? Basically, is it worse to have institutions fail or money be lost. That’s essentially the situation this week. 31 new banks were added to the FDIC’s “Problem List” bringing the total to...
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