If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!I just got the following e-mailed to me from one of the local title companies…..
Governor Granholm Signs Bipartisan Professionalism Package
Without any fanfare, Governor Granholm has signed the bipartisan Professionalism package (also know as “the bad builders bills) into law. [...]
Bernice Ross, a national Realtor speaker and CEO of Realestatecoach.com recently stated on Inman News (inmannews.com), ?Only 25 percent of all mortgages are subprime, and of these, 75 percent are performing.?
Unbelievable! Using Ms. Ross? own math, what she really telling us is that 25% of subprime loans are NOT performing and that makes at least [...]
IndyMac Bank gets the hell out of Florida – but the question is, is it too late? I’ve got a longer follow up post coming on the subject of loan guidelines that will address this in greater detail; but let’s take a look at the below communication:
Full documentation only
40% down on non-owner properties
Hi Everyone -
I just wanted to take a few minutes to say Happy Holidays to all of our Blown Mortgage readers. While I celebrate Christmas, I hope you have an enjoyable season no matter what your faith. I am extremely blessed to have the good fortune of your loyalty and readership; it is an amazing [...]
Are you in the following boat? Do you know someone who is?
First mortgage is about to go up by 4% because it’s on an arm. 2nd mortgage is for a balance more than the home is worth. Let’s say you have a 250,000 house, you bought at the top of the market, [...]
We’ve all heard the general guidance about what to do that mythical day when we suddenly find ourselves ankle-deep in quicksand (and climbing quickly): relax, don’t panic, don’t make frantic movements, and work slowly and methodically to get out of the quagmire – or risk drowning. Technically speaking, there is little more to the [...]
The total in Billions of dollars that Morgan Stanley has written down their loan portfolio already in the fourth quarter. Ouch.
Read the story here.
To put a total number to it, that’s $9,400,000,000.00. Lot’s of zeroes behind it.
That’s what I asked when the new FHA Secure Plan was introduced back on August 31st.
This is from the HUD News Release on that date:
President George W. Bush today announced that HUD’s Federal Housing Administration (FHA) will help an estimated $240,000 families avoid foreclosure by enhancing its refinancing program…
The eligibility requirements of the program?
Homeowners [...]
Required reading:
http://online.wsj.com/article/SB119798901839036859.html?mod=googlenews_wsj
The staff proposal would also “generally” ban lenders from “directly or indirectly paying mortgage brokers in connection with consumer credit transactions secured by a consumer’s principal dwelling, unless the mortgage broker enters into a written agreement with the consumer” and provides certain disclosures. Creditors wouldn’t be banned from paying brokers if the compensation isn’t [...]
Loading ...