private money: big boys in the block to save the sub prime crunch lenders - 03/16/07 05:21 PM
Rumors have sprung up that Goldman Sachs is interested in buying Accredited, which helped their stock price yesterday.
National City said that it wrote off $11 million stemming from subprime home loans, expects to write off more, and may boost reserves by $50 million because an insurer is rejecting mortgage-related claims. … (0 comments)
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private money: grim news of foreclosure in the late night news - 03/14/07 09:58 PM
NBC News reported the grim news last night that foreclosures are now 4 times higher than they were in the year
2000, the rate of failures are growing daily and that there's no end in sight.
The stock market crashed on worries about all the "bad" news. It's fascinating … (0 comments)
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private money: is it the demise of the sub prime lenders - 03/04/07 11:54 PM
Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. Lenders
specializing in such loans, like New Century, Country Wide, Indy Mac rely in part on big banks known as
warehouse lenders to finance their operations. These backers require that subprime lenders meet certain … (0 comments)
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private money: Nervousness: sub prime in real trouble - 03/04/07 11:46 PM
Federal bank regulators demanded tougher standards for subprime loans, saying they're worried that
borrowers of adjustable-rate mortgages may not understand the risks associated with them. Overall, many
market watchers are blaming the complacency that had seeped into markets over the past year, and especially
the U.S. market's uninterrupted run higher … (0 comments)
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private money: san jose foreclosure looming >? who to blame. - 02/26/07 03:43 AM
I have saved a lot of clients who are in the process of foreclosure, or has received NOD. They have been
remnants of the boom recently created by the short term low interest rate which the FED gifted to the people.
It has been incentive for me in helping them, but the … (1 comments)
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private money: factor economy plays for real estate - just a thought - 02/26/07 12:56 AM
Real Estate is still bright in the future. It is not really chaotic as been said. The economy is going up, brave
new economy is coming out, BRIC (Brazil, Russia, India, and China) is growing double digit. The economy is
moving in a fast paced. Here is what I know, … (1 comments)
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private money: who cares if you miss a mortgage payment ? - 12/25/06 05:08 AM
What happens if you don't make your monthly mortgage payment? In some cases, the original lenders are
taking the biggest hits. In typical contracts, mortgage banks agree to buy mortgages back from Wall Street in
the case of a payment default within the first 90 days. H&R Block (owner of Option … (2 comments)
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private money: Utilizing the advantages of hard money to help build up your real estate equity and investment portfolio - 12/23/06 02:27 AM
Real estate investing is one of the most common uses of hard money funds. Real estate investing is a cash
intensive financial activity. In order to take advantage of ongoing projects, investors often require more
operating capital than conventional banks are prepared to provide on short notice.
When conventional financing takes … (1 comments)
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private money: does a good loan officer really care what rates do? - 12/15/06 03:12 AM
A fool and their money are soon invited everywhere!
If a loan officer knew exactly what rates were going to do, would that make a difference in the amount of
business that they funded? Many would argue "no", since some believe that market timing takes a back seat to
good marketing and … (0 comments)
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private money: hard money ~ loan - 12/11/06 06:36 PM
Hard Money is a diversification to an already used income stream.Loan Officers don´t use it as much as they could out of some unknown reason? Not quite sure if it´s education of products
or fear of telling someone about a 12% rate,The rates are obviously a difficulty to the product but … (5 comments)
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private money: hard money - 12/11/06 06:34 PM
Hard money is based on equity. Appraisals are looked at with a closer eye than a Subprime/a lender. If the
value isn´t there, and your appraiser is pushing value, you will get an appraisal cut. Instead of telling your
appraiser what you "need" the value to be, just let your … (2 comments)
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private money: Hard money doesnt mean stupid money---Hard lenders read: - 12/11/06 06:32 PM
Ive been watching the requests multiply for 'hard' money, and some of them border on the ridiculous. Hard
money lenders are not stupid,(well, most of them anyway) and there is usually more at stake for them than a
regular wholesale selling off to a big investor.
They are driven more by … (0 comments)
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private money: Realtor, Builder Campaign Tries to Turn Market's Tide - 12/10/06 06:54 AM
Seminar offers optimistic outlook for Jacksonville home market RISMEDIA, December 8, 2006-(MCT)-In the wake of fewer home sales and increasing inventory, local home builders and Realtors are arming themselves with a weapon they hope will help turn the tide in the local market: Information. A seminar on Tuesday held by the … (0 comments)
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private money: Fannie mae? are they doomed - 12/08/06 02:56 AM
How much do you care about FHLMC & FNMA? An article in yesterday's Wall Street Journal mentions that "home
builders and real-estate brokers oppose any effort by the government to shrink Fannie and Freddie, contending
that their purchases of mortgages are vital to the housing market. With the housing market … (0 comments)
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private money: ownit mortgage is gone ~ who is next to come... dooms in the mortgage industry is coming! - 12/07/06 01:38 AM
People doing business with Ownit Mortgage received this notice yesterday: "It is with deep regret that we inform
you Ownit Mortgage Solutions will cease operations on December 6, 2006. For the past three years, we have
pursued a mission to influence the mortgage industry toward increased affordability options for a … (7 comments)
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private money: home equity line ~ where are you! - 12/07/06 01:35 AM
For borrowers, opening a home-equity line of credit is no longer a slam dunk for three reasons: the rates are
higher than they were three years ago; if prices slip a borrower could owe more than their house is worth, and
the cost of construction may actually be greater than … (0 comments)
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private money: don't be the last to default - 12/05/06 04:02 PM
California home-loan defaults rose to their highest level in four and a half years last quarter as lower sales of
houses and condominiums and slowing price gains made it harder for homeowners to sell and pay off
mortgages. Banks and other lenders sent 26,705 default notices to California homeowners, more … (0 comments)
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private money: check this one out ! - 12/05/06 03:58 PM
Good morning! If you find a decent lending niche, and can fill it, that is regarded as a success. Have you ever
wanted to loan money to a friend or family member, but wanted to maintain a formal lending relationship? Here
ya go! http://www.circlelending.com/ I heard their ad on the … (0 comments)
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private money: some interesting theory - 12/05/06 03:55 PM
British economist John Maynard Keynes remarked that the stock market is like a beauty contest that was popular
in England at the time. A newspaper would print 100 photographs, and people would write in and say which six
faces they liked most. Everyone who picked the most popular face was automatically … (0 comments)
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private money: mortgage trivia - 12/05/06 03:53 PM
HomeSteps is the second largest owner/seller of single family real estate in America. Who are they? Basically a
division of Freddie Mac, they are a free-of-charge service available to homebuyers and real estate professionals.
http://www.homesteps.com/ Who is the largest? Not Century 21, or ERA, but HUD, the government department
basically … (0 comments)
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private money: ever bought an REO property - 12/04/06 08:06 AM
Lenders refer to foreclosed homes as REO, short for "real-estate owned", and they try to sell REO homes as
quickly as possible to minimize holding costs. In the first half of 2006, REO properties accounted for 3.1% of all
U.S. home sales, up from 2.4% two years earlier. Are there … (1 comments)
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private money: venturing in JV partnership with a real estate equity firm. - 12/04/06 03:45 AM
Getting your hands tied in JV Partnership>? with a real estate equity firm. Check this out first.
Real estate investment and advisory company that provides strategic real estate counsel and creates real
estate investment opportunities for individuals and institutional investors. They evaluate, arrange, structure and
finance real estate investments for our own account, … (1 comments)
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private money: dO i StIlL NeEd HeLp In PoStInG ~ hElP mE eXpErT ! - 12/02/06 08:05 AM
Need Help With A FORCLOSURE??I have been working with the real estate investor who has studied the foreclosure process. We are familiar with the procedure and understand the many ways in which owners can halt the foreclosure and perhaps save their property and equity. It is in our practice to contact owners who … (1 comments)
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