Why Refi’s Are Good For The Real Estate Market
Recently I’ve written several posts that use the increasing rate of mortgage applications as statistical evidence of an improving real estate market. Each time I do so, one of the primary replies is...
View ArticleUntapped Mortgage Source: Credit Unions
I’ve seen reports recently about the stark contrast in availability of financing when comparing traditional lenders to credit unions. Apparently, credit unions as a group are not suffering from the...
View ArticleNo More Government Rescue For Bad Loans
If you were expecting the $700 Billion bailout plan to mean that the government might purchase some home loans and in so doing stabilize the real estate market, think again. This has some significant...
View ArticleWere Minorities Targeted for Risky, Subprime Loans?
While there are many opinions about the holders of subprime mortgages, including that contingent which simply states that people who fell prey to them basically “should have known better,” there are...
View ArticleHAMP Now Available to Veterans
The VA has developed new guidelines for VA-guaranteed home loans that allow servicers to “restructure distressed loans” to meet HAMP requirements if all other loss mitigation efforts have failed[1]....
View ArticleScapegoat Alert: Defaulting HAMP Homeowners Not to Blame – Credit Card Debt...
According to a recent U.S. Treasury report, nearly half of all HAMP loan modifications either fail during the trial period or default soon after conversion to permanency. The treasury indicated in its...
View ArticleCalifornia Legislature Still Struggling with Short Sale Deficits
As more short sales take place on the west coast, the California legislature is struggling to determine what is “fair” for lenders to require of homeowners attempting to avoid foreclosure. While many...
View ArticleCost of Home Loans to Skyrocket in 2011
Home prices may be down, but the cost of your home loan is headed up, up, up according to Fannie Mae’s memo to lenders in late December. In the New Year, the government-controlled GSE will impose a new...
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