Mortgage Update

Rates keep coming down (and lenders are swamped), DPAs may be coming back, the terms of loan modifications keep getting better. More loan options for investment (to 90% ltv) are starting to appear, at somewhat better rates. And it looks like the Obama administration is poised to introduce new in...

The current real estate and financial crisis is unprecedented. The onslaught of daily news reports is overwhelming and confusing, and people are looking for solutions to protect their assets and prevent foreclosure... It is my hope that with this new weekly publication I can provide meaningful in...

It appears that the stimulus plan set to be proposed by President-elect Barack Obama will include the long-contested "cram-down" proposal, which allows bankruptcy courts to modify the terms of a mortgage loan. The most common criticism is that this will raise the cost of borrowing for everybody b...

I wish all of us the very best for 2009! Out with the Old and in with the New!   The spirits are up, rates are down, the bottom of the market is in sight, and the (new) government looks ready to actually do something useful. Opportunity will come knocking this year! Let's get ready! - Paul   PLAN...