If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!First time homebuyers represent a significant portion of single-family home sales. The American Recovery and Reinvestment Act of 2009 is intended to increase the impact of first-time homebuyers on both the real estate and home loan industries by making [...]
So much of the average consumer’s wealth seems to be tied up in housing, but I have to admit I never realized just how much until this crisis came to light. Consumers borrowed against their house, used it as an investment, put msot of their personal wealth into it, but much like any investment, doing [...]
Good morning! Don’t you love the new look here at Blown Mortgage?
News-Record - Bank of America to write down $3 billion
Huffington Post - Is Stimulus Too Small?
Huffington Post - Geithner Delays Financial Bailout Plan To Tuesday
Stealth Mode - An Open Letter to my Two Mortgage Companies
Calculated Risk - Mansori: Tax Credit Will Not Boost House Prices
All of this stimulus talk chafes me the wrong way, given that we don’t have $815 billion lying around to spread around the economy, we’re going to have to borrow it. I figure at some point, someone is going to call our tab, and that can’t mean anything good for the average consumer here in [...]
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