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home mortgages: All This Cash, Soon The Money Will Flow. - 11/16/10 11:49 PM
With hugh amounts of  money in the system, when are they going to give it away again? I got a call last week about 10% down commercial money. I don't know what the programs will be yet, but it is going to happen. There will be a little here a little there, but the gates are going to open. The Fed is trying to set it up now. It only a matter of time. Rising prices are the only way out. There will be some kind of credit amnesty to forgive the short sales and foreclosed people. It just a matter of time. … (9 comments)

home mortgages: Should Banks tighten credit at market highs or lows? - 05/09/09 09:42 PM
I read, that in a survey of senior loan managers, they had tighten credit over the past 3 month period.
For nearly a decade, while prices push higher by loose credit standards, it was ok to give money away for any credit, for any high price real estate that moved decisively away from the trend line and moving averages. This was a time of high prices rises, that a prudent loan manager should of tighten standards, simple due to excess increases in prices. Now that the worry period is over and prices have come down and the risk of further declines … (10 comments)

home mortgages: Trader's Desk Signals Major Bottoms are made of fear! - 03/02/09 07:46 PM
The 5th wave is ending, and there is a bottom at hand.
March crude Oil, we are flat.
Last update we said
SPH09 or ESH09 stock index futures.  We missed our short sale. Oh well, I am looking to start buying. We will use a 3 unit strategy. We will buy 1 unit at $775 now, a second unit at $735 and a third unit at $700. I am putting these all out there in case I miss a blog.
We are now long 3 units of SPH09 or ESH09.There could be some more wash out, and then I fiquire a quick sharp … (7 comments)

home mortgages: President Obama's Housing Affordability and Stability Plan - 02/24/09 04:27 PM
My Mortgage broker past this on with permision to copy. I think it is worth reading.
President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes.The Homeowner Affordability and Stability Plan includes two initiatives to help struggling homeowners. One is a refinancing program for homeowners with less than 20% equity in their homes, or who owe more than their home is worth. The second program attempts to lower monthly payments for homeowners at risk of losing their home. In addition, the plan includes a third initiative to support low mortgage rates by … (1 comments)

 
Richardstabile4 Rainmaker_large

Richard Stabile Bergen County New Homes Builder Realtor

Woodcliff Lake, NJ

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REMAX real estate associates

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