The Last Gasp for 100% Stated Income/Stated Asset Prime Mortgages - 05/22/07 01:56 PM
My Chase rep called this morning to tell me that Chase is pulling their 100% SISA (stated income/stated asset) loans at the end of the month.   I can’t say this is unexpected, since the noose had been slowly tightening.  The 100% SISAs for prime A paper borrowers had survived until now … (1 comments)

Raiding the Nursery: How Quickly Will Sacramento Real Estate Recover? - 05/21/07 07:27 PM

What will it take to shock the Sacramento real estate market back to life?
Behind the mask of false bravado and feeble optimism worn by industry insiders who think wishing can make things true, there is an undercurrent of worry. Let’s face it. The patient is ill. What will … (0 comments)

Credibility in a Can, Just Add Water - 05/17/07 11:58 PM
Like every other lender and Realtor today, I am the target of a daily assault of emails pitching seminars, webinars, CDs, coaching programs, mortgage leads, and the secret map to instant riches.  It seems like refugees from our industry have fashioned new careers selling the secrets of the overwhelming success … (2 comments)

The Truth About the BofA No Fee Mortgage Plus loan - 05/11/07 12:59 AM
There has been plenty of hub hub lately about BofA’s new No Fee Mortgage Plus loan.  The Truth About Mortgage had this article, Zen Personal Finance wrote this post, and Matt Carter of Inman News adds his own take.  
And if you watch CNBC in the mornings, you’ll see rubber lips, the Countrywide guy, performing … (8 comments)

Employment, the Housing Bubble, and the Hidden Work Force - 05/09/07 07:32 AM
I’ll apologize in advance for the length of this article.  But it will enlighten you if you have the patience to finish. 
Despite the bursting housing bubble and a fall in housing starts of over 30%, unemployment remains very low.  How can that be?  Home builders downsize crews, shrink … (8 comments)

 
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