ARCHIVED BLOG POSTS
2012
5
Comments
“One In Five Loans in Spain are Delinquent” After reading the article below about delinquent loans in Spain, two things immediately come to mind. First, as bad a as our real estate market has been, it is much worse in Spain and many of the other European countries. We will come out of the our rea...
04/10/2012
7
Comments
“The FED Sets Guidelines for REO Rentals” Let me know if you have the same reaction as me. Is there any part of our lives that the FED is not involved? How we should act and how we should think. Regulators creating more regulations, this time on REO properties. Just Great! I used to think how cra...
04/09/2012
“When is an 8.2% Publicized Unemployment Rate Something to be Proud Of” The current administration is high fiving all over the place, with this success. Are you kidding me, what a disgrace! They keep saying that if they get down below 8%, that it will be a major accomplishment. I hate to inform...
04/09/2012
5
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“More Seniors Face Housing Challenges” There are days in this mortgage business, I wish I could do more. Let me share what I mean. I meet with a couple today regarding refinancing. They are in their late sixties and both still working. Here is their story, in 2007 they had some credit challenges,...
04/08/2012
3
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“Lenders Send Mixed Messages” I do business with many lenders, certain days too many, other days I wish I had more. I do not see that lenders have eased up on their underwriting guidelines and in most cases, these guidelines make sense. However, it seems that some of these guidelines, just don’t ...
04/07/2012
3
Comments
“Guithner Says US Behind on Housing Reform” OK, Mr Guithner, what would you propose that will not continue on the path of bankrupting this country, without creating more regulations, like Dodd-Frank and that will not continue the path toward more Socialism? One more question, why have we not star...
04/05/2012
“Is the Real Estate World Ready for the New Subprime?” I met with a mortgage banker today for lunch. He was speaking of the meetings that he has been having with a number of Wall Street firms that are interested in raising pools of money that would be available to clients that couldn’t get a conv...
04/05/2012
“What Happens if the Mortgage Debt Forgiveness Goes Away on 12/31/12?” The debt forgiveness provision is due to expire at the end of this year. I don’t have to explain the huge number of foreclosures and short sales that have taken place over the last few years. Here is what happens when someone ...
04/04/2012
“Economic Professor Believes that Real Estate Values May Not Recover in Our Lifetime” I would recommend that he doesn’t give up his day job. What is unfortunate, the public reads and hears data like this and they start believing it, fortunately not most of them. If most of these economist, pay so...
04/04/2012
3
Comments
“With All Due Respect to the Author” There are, three things that will have the greatest effect on real estate values going forward. First and foremost, the current administration has to be out of office, so that we can begin our recovery. The public, no matter what party they are affiliated with...
04/03/2012