You know those banks that got bailed out last year? Of course you do. You remember, they took all your tax money and it seemed to disappear. Yeah, I...
I’m having a great weekend! I’ve been working INSANE hours for the last few weeks jetting around the country (remind me to tell you about losing my keys an...
You know, hearing stories about corruption come out of Washington used to get me really mad. I’d hear about all these people trying get rich using the most underhanded...
I woke up this morning and just about jumped out of bed. Okay, I actually did jump out of bed. And do you know why? Because this is the first...
Don’t expect housing prices to decline again any time soon, according to Barclays. They claim that the stabilization that has begun to creep in is here to stay. However, we...
Obama must have had too much to drink at last week’s power lunch about health care. Apparently, he’s still drunk! Just listen to the latest scheme he’s come up...
“History will be kind to me, for I intend to write it.” Winston Churchill I recently told you about Citibank’s new plan to allow delinquent borrowers to remain in their homes for...
Yes, short sales are definitely on the rise. This shouldn’t come as news to you, but the media and US gov’t are just catching on. Short sales accounted for...
Obama broke the bank this week, pledging $1.5b in aid to distressed homeowners. This money will go to help those unemployed and anywhere that housing prices have fallen 20%...
According to the latest report released by Freddie Mac (are they still in business??) over 95% of 4th quarter refinances last year were fixed-rate loans. This was true regardless...
Yes, short sales are definitely on the rise. This shouldn’t come as news to you, but the media and US gov’t are just catching on. Short sales accounted for 15.9% of home purchases in January! REO’s still made up a larger portion of home sales, so we’re still not reaching everyone in time. But...
Fannie Mae has adopted a new policy to speed up REO sales. Inman News announced Wednesday that Fannie Mae will accept offers to buy homes that it has repossessed without notifying loan servicers. Additionally, loan servicers may have to pay back Fannie Mae for a loss if it turns out that the underwriting requirements...
