ARCHIVED BLOG POSTS
2012
1
Comments
“Bank Failures Up to 11, So Far This Year” I keep reading about continued bank failures. This is not good news, we continue to be told that up to 2,000 community banks are at risk. There is something wrong with this picture. What does housing and foreclosures have to do with these failures? What ...
02/28/2012
“Bank of America Stops Selling Mortgages to Fannie” First, B of A stopped doing cash out refinance business, an immediate red flag. Now, they are no longer selling mortgages to Fannie Mae. The bank continues to make news, none of which is positive. I continue to wonder if the bank wants to be i...
02/28/2012
“Overhearing Two People Talking About Buying Their First Home” Yesterday, I stopped at a Dunkin Donuts for a hot chocolate. Rather than hop back in my car, I decided to sit for a few minutes. I couldn't help myself, but I learned a bunch from the two people talking about buying their first hom...
02/28/2012
3
Comments
“Existing Foreclosures Process in BIG Trouble” I have been very concerned about the foreclosure process for a long time and the ruling by the US Bankruptcy Court of New York, indicating that MERS business practice is illegal. Now, because of the ruling, pending foreclosures are all in jeopardy. J...
02/27/2012
6
Comments
“Stop Discouraging Home Ownership" They can spin the numbers to look any way they want. It continues to amaze me, how the press continues to say that real estate values are continuing to fall. I wish they would stay out of the real estate business. I don’t think they understand, they are part of ...
02/26/2012
3
Comments
“Credit Reporting Accuracy” I met with Cathy last week for the purpose of getting preapproved to buy her first home. I asked many questions, which is part of my normal process. Who had referred her? What are you presently paying for rent? Do you pay your rent by check or money order? How long has...
02/26/2012
4
Comments
“Carbon Monoxide” Dan Kellner, a plumber that I use and is a referral partner is always sending me information that is important for all families to know and understand. This silent killer is something that we should pay close attention too. Carbon monoxide detectors are a must in every home,...
02/24/2012
5
Comments
“FHA and Bank of America, NOT Friends” It is very hard to understand, that with the Federal bailout that B of A got, it is now making a decision to bailout of the FHA mortgage insurance fund. The moves that B of A continue to make, shows me that they don’t give a damn about the public, even thoug...
02/24/2012
3
Comments
“Full Disclosure, When it Comes to Fees?” I have been following this case (article below), for some time. There are also a couple of others that have been moving through the court systems. The essence of this case is, what fees are earned vs. unearned. You would think this is pretty simple, but n...
02/24/2012
5
Comments
“Shame on YOU, Ocwen Financial” Ocwen is one of the largest mortgage servicers in this country. How sad that this company, along with many of the major servicers, have outsourced outside of this country. I don’t know about you, but when I speak to a foreign call center, it is often a frustrating ...
02/23/2012
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