18 point plan of action to sell your property - 04/28/07 03:24 AM
submit your property to MLSsubmit copies of your listing to all our agents and their potential buyersprovide a customer info box on sign post for direct buyer exposurepromote your home at the rea estate board meeting to create maximum exposure to the other agents in the areadevelop a list of features … (0 comments)
mod squad to save your houses ! - 04/27/07 11:07 AM
EMC, owned by Bear Stearns, set up a team called "The Mod Squad" reportedly to help homeowners stave off foreclosures as defaults by the riskiest borrowers surge. The 50 member team meets with homeowners having difficulty making their payments to try to arrange alternative payment plans to minimize foreclosures and losses … (0 comments)
rates to go down ! - 04/26/07 02:10 PM
What does Merrill Lynch (buyer of First Franklin and First Republic) expect rates to do? They expect inflation to eventually moderate which will give the Fed the room to cut rates and lower the Fed Funds rate to 4.25% (now at 5.25%) by the end of the year, helping ARM prices. … (0 comments)
freddie mac is here to save the home owners ! - 04/26/07 02:07 PM
Freddie Mac said it would provide backing for up to $20 billion in new mortgages to aid distressed subprime borrowers. The offer was aimed at assisting borrowers who would normally qualify for fixed-rate loans, and assures lenders that there will be financing available if they shift borrowers from high-risk subprime loans … (0 comments)
immigrant's are part of the american dream (legal or illegal) - 04/26/07 02:05 PM
Roughly one million illegal immigrants are thought to live in Los Angeles County, but the Urban Institute estimates that this number is declining. There are two reasons for this change. The first is that many illegal immigrants now avoid Los Angeles, and instead head to Midwestern and southern states such as … (2 comments)
GNMA backed loan. That's a boon for the lenders - 04/26/07 02:02 PM
The Government National Mortgage Association (GNMA) is a government-owned agency (part of HUD) that participates in the securitization of FHA and VA mortgages. Because the mortgage payments to investors are the only ones guaranteed by the full faith and credit of the U.S. Government, they return slightly less interest than other … (0 comments)
would dow 13000 bring the housing market up ! - 04/26/07 01:40 PM
Thursday's bond market has opened in negative territory following early stock gains. The stock markets are continuing their upward march with Dow holding its 13,000 plus level. It is currently up 15 points while the Nasdaq has gained 5 points. The bond market is currently down 6/32, which will likely push … (0 comments)
another lender in a hole - 04/09/07 08:43 AM
American Home Mortgage Investment Corp (NYSE: AHM) announced this weekend they will cut their dividend, and first quarter profits will come in between 40 to 60 cents per share (estimates were around $1.06). The stock is currently off $5.21 this morning in pre-trading hours, adding to the 26% slide … (0 comments)
who would reign the sub prime market, is it the big financial institution - 04/09/07 12:56 AM
We have lost a big sub prime lenders like Century, Ownit-It, owned and managed by the best in the mortgage industry. Is the congress trying to tie up a secret merge by a big financial institution like Goldman Sachs, Merril Lynch, Bear Stearns, Citi Group to bail-out this company, and … (0 comments)
FAST foreclosure looming in Las Vegas, NV - 04/07/07 06:07 AM
A recent data came out that in Las vegas, NV over 240 houses are going to foreclosure everyday ! That is really an alarming rate, especially for the city which has churned over 50% appreciation for the past 2 years. The potential movement of the foreclosure is really preity alarming, … (3 comments)
foreclosure is really hot here in orange county ! - 04/01/07 07:15 AM
Foreclosure has steadily been going up here, courtesy of the tightening of the credit by the mortgage industry, courtesy of the FED's. This years MARCH MADNESS has brought bad luck to all the sub prime lenders, all most all of them falling like a deck of cards. Orange County the mecca … (2 comments)
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submit your property to MLSsubmit copies of your listing to all our agents and their potential buyersprovide a customer info box on sign post for direct buyer exposurepromote your home at the rea estate board meeting to create maximum exposure to the other agents in the areadevelop a list of features … (0 comments)
