By Lesley Lambert on October 1, 2009
I don’t have secrets, my life is all out there…just Google my name and you will find out more about me than you EVER wanted to know.
However, most people are not so into “full disclosure” and have secrets. Some of them worse than…
Posted in Mortgage | Tagged Economy, foreclosure, Subprime
By Lani Rosales on October 22, 2008
Federal Reserve Approves Regulations
According to RECON:
WASHINGTON- (Reuters, Realtor.org) The Federal Reserve yesterday approved regulations requiring mortgage lenders to tell borrowers how much interest rates differ between prime mortgages and the higher-priced ones offered to less-affluent borrowers.
New Regulation C rules will require…
Posted in Mortgage | Tagged lending, Mortgage, Subprime
By Benn Rosales on June 23, 2008
There’s a new Sheriff in town
For $99 bucks consumers can fax over their good faith and for $199 they can fax their Loan docs and have them reviewed by Lender Police to make sure you’re on the the level with buyers.
I report,…
Posted in Mortgage | Tagged fraud, lending, Mortgate, Subprime
By Robert Ashby on February 5, 2008
or Make it Worse?
When you break your arm, do you go to your family doctor, or do you go see someone at the ER that is equipped to deal with it? If you are like me, you go to the ER and request a…
Posted in Mortgage | Tagged adjustable rate mortgage, Mortgage, Point & Purpose, Subprime
By Shailesh Ghimire on February 5, 2008
KISS. If I were running for political office and someone asked me how I would govern, I would say: KISS. Yes, that is right, KISS. I am proud to say that KISS has served me well in my life and I’m confident it will…
Posted in Mortgage, Subprime | Tagged Mortgage, Subprime
By John Harper on December 2, 2007
I’m no genius, but am I crazy in my view that Countrywide needs an infusion of intelligence?
We had a short sale fall through because the holder of the second, Countrywide, wouldn’t sign off on the deal. Why? Because their appraisal came back showing the…
Posted in Mortgage | Tagged Mortgage, Subprime
By Shailesh Ghimire on November 29, 2007
“As one of the economists who helped create today’s newfangled securities, I must plead guilty: These new mechanisms both mask transparency and tempt to rash over-leveraging.”
So confesses Paul A. Samuelson, Nobel laureate and professor of economics at MIT. Masked risk prompted heavy purchase of…
Posted in Mortgage | Tagged Mortgage, Subprime
By Shailesh Ghimire on November 26, 2007
In part one I discussed the characteristics of the mortgage acceleration program and pointed out that while on paper the concept is sound, it’s the execution which needs to be better understood.
So, if you are considering the mortgage acceleration program, I suggest you ask…
Posted in Mortgage | Tagged Mortgage, Subprime
By Benn Rosales on November 16, 2007
I’ve posted many times on the fact that negative spin is what is keeping consumers away from the closing tables. I’ve warned about polarizing consumers with political style commentary on Real Estate and the devastating effect it has on large segments of the economy- finally…
Posted in Marketing, News | Tagged media, Subprime
By Shailesh Ghimire on October 13, 2007
Bad credit, no credit, no problem. Well, not exactly.
When it comes to the FHA loan program having no credit is often times much better than having bad credit. Even though FHA is not a credit score driven loan program, if your score is below…
Posted in Mortgage | Tagged Mortgage, Subprime
