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mortgage meltdown: I have solved the money crisis !!! How about this bailout plan.... - 12/29/08 09:27 PM
How many of you follow baseball? How many of you follow the New York Yankees? How many of you know who George Steinbrenner III is? Well, for some of you, Hal Steinbrenner has taken over the Yankees for his father.
So, where am I going with all of this? How about having the Steinbrenner family work out a comp plan so they can buy some of these states that are in deep financial trouble. As you can see, Michigan is pictured on the left. One of the top 5 states that is in financial trouble. Not only with Detroit … (18 comments)
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mortgage meltdown: Countrywide & Mozilo - Should we go back to Western day hangings ??? - 01/18/08 11:27 AM
I know many of us are probably sick of reading about Countrywide and Angelo Mozilo, but let's take a look behind the scenes. Many of us know that Bank of America will buy Countrywide for 4 Billion dollars, that's if everything goes through. Matt Heaton talks about a break up fee if Bank of America decides to pull out of the deal. But it gets more interesting. Let's take a peek behind the scenes that aren't widely talked about within the media.
Did you know :
Mozilo is receiving compensation for his empire that he not only built, but allowed to crumble. … (49 comments)
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mortgage meltdown: Do you want that ultimate pill to relieve all mortgage related problems? - 12/20/07 07:43 AM
The ultimate pill to relieve the real estate and the mortgage problems doesn't exist. What's up with the media and all the negativity? Isn't that how they sell the news? What about the government that keeps coming out with solutions with several lenders making promises. Don't forget, we are in an election period. So is all of this smoke and mirrors? What about these new programs that they are coming out with? Most programs will only help a select few. Sure, helping a few is better than nothing. But when they come out with a program that sounds great, … (11 comments)
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mortgage meltdown: Mortgage & Real Estate problems of 2007!! - Does anyone have a solution?? - 12/11/07 11:56 AM
Problems! Problems! run away ..... With all of the negative real estate news, why not, right? We have seen the so-called subrpime meltdown in the beginning of 2007. We have seen housing slumps continue for the middle of 2006, into 2007, and about to continue into 2008. This summer, we saw the jumbo market in regards to mortgages increase 1 1/2 percent in rate. And we basically saw most of the stated loan market disappear. Don't get me wrong, they can still be done, but they are much harder and more expensive than before. Lastly, we just saw changes … (20 comments)
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mortgage meltdown: FHA loan limits -- up, up, and away...... - 09/04/07 11:34 PM
Lately I have been reading so many comments stating that they don't see much FHA activity in their area because home values are higher than the FHA loan limits in that particular area. Here is a list of the current FHA limits : https://entp.hud.gov/idapp/html/hicostlook.cfm
Believe it or not, FHA/HUD approved new loan limits about 1 1/2 years ago. The next step is for congress to vote on this new bill and to accept it. President Bush already has ink on his pen, already stating that he will approve this new bill after it is accepted by congress. FHA Loan Limit Adjustment … (15 comments)
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mortgage meltdown: Shop Shop, tisk tisk, oh what a relief it is? -- Mortgage shopping -- Part 1 of 2 - 08/21/07 08:30 PM
Just as easy it is for buildings to fall from demolition or that of a category 4 or 5 hurricane, so are mortgage companies falling by the waste side. Just two more large lenders closed their doors in the last two days, GreenPoint Mortgage of 20 years and First National Bank of Arizona. This makes for 130 lenders to close their doors since the end of 2006.
There is a company called the Mortgage Lender that runs a web site called the implode meter. This site uses their expertise in the mortgage industry, their knowledge, and lots of research in regards to … (12 comments)
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Cherry Hill,
NJ
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Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033
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