Wall Streeter Espouses 50 Year Mortgage - 07/31/08 03:10 PM
Joe Grano, a legend on Wall Street today espouses the belief a permanent solution like 50 year mortgages would do more to start a housing recovery than all the government intervention of late.
On my mortgage blog, I wrote
Joe Grano Calls For 50 Year Mortgage Solution
with a link to … (3 comments)
Economic Data Out Today Show Recession - 07/31/08 09:57 AM
GDP and jobless claims numbers out today are both bad news for homeowners and the housing sector.
I just posted a new article on my mortgage blog outlining why called..
US GDP and Jobless Data Bad News For Homeowners
It outlines the data and what it means moving forward...so take a look...click … (4 comments)
Financial Title Shut Down California Operations - 07/30/08 02:09 PM
I just reported on another title company closing it's doors...Financial Title operating in California
Financial Title Ceased Operations in California
This company is another subsidiary of Mercury Companies based in Colorado.
Click over and read...
Financial Title Ceased Operations in California
There is some new speculation why a previous Billion a … (2 comments)
United Title Closes All Texas Offices - 07/30/08 01:12 PM
United Title of Texas will close all offices in the state today. I just reported on the closings, see
United Title Closing Texas Offices
This company is a subsidiary of a Colorado company I'm familiar with being in Denver myself.
They have kind of a storied past...which I write about as … (0 comments)
Housing and Mortgage Bill Becomes Law - 07/30/08 11:33 AM
The President signed HR 3221 today making it law. I wrote about it in a post on my outside mortgage blog called
Mortgage Relief Bill Signed Into Law Today
You could tell the President wasn't thrilled about signing this bill - a bill he threatened to veto less than a month … (0 comments)
Hope In Housing Numbers - Case Shiller Report For May - 07/29/08 11:04 AM
I just finished an article called,
Case Shiller Home Price Index Sends Mixed Message for May
Media reports will center their message on the "doom and gloom" and that is misleading once you actually look at the data.
Check out my analysis so when you hear mainstream media reports, you'll have … (2 comments)
Free TV Home Going To Foreclosure - 07/29/08 09:28 AM
ABC's TV hit show "Extreme Makeover" built a free home for the Harper family.
Not only did they get a virtual mansion for free, they also got $250,000 maintenance and scholarship fund as well.
Were the Harpers appreciative of their good fortune taking every precaution to preserve the home and everyone's … (1 comments)
Housing Bill Puts Us Further In Debt - 07/28/08 06:25 PM
Inside the new Housing Bill passed by the Senate over the weekend is a proviso to increase the ceiling of the country's debt - by $800 Billion no less!
You can read the entire post and the ramifications of such an over-reach on the Congress's part here,
National Debt Raised In … (5 comments)
Senate Passes Housing Bill Into Law Today - 07/26/08 11:32 AM
I just finished a post on my "outside" mortgage blog on the passage today of the Housing Assitance Bill by the Senate called
Housing Assistance Bill Passes Senate Becomes Law
I've go to say I'm not a big fan of this bill...oops Law...it will most likely end up costing us all … (2 comments)
Foreclosure Shame Takes a Life - 07/26/08 03:09 AM
Just finished a post my mortgage blog called
Foreclosure Suicide - Shame of Foreclosure Claims a Life
which tells the story of a wife and mother, in charge of the family finances, who overwhelmed with guilt over letting the family home fall into foreclosure, committed suicide the day of the auction. … (7 comments)
Scottsdale Bank Fails Friday - 07/26/08 02:57 AM
I just finished a post on another bank failure called,First National Bank of Arizona Fails
First National Bank of Arizona was both a regional bank, but most recently morphed itself into a national subprime lender..or a non-traditional lender if you prefer...specializing in no income, no asset loans.
That's when the trouble … (6 comments)
Expose Your Lousy Rat of a Loan Officer! - 07/21/08 12:43 PM
Want to expose your lousy, lying, rat of a loan officer?
Want to exhalt your fantastic, angel of a loan officer?
Either way, we need your "Loan Officer Review"... and I have a "friendly bribe" for you if you post a publishable review: A FREE Copy of our "The 7 Top Mortgage … (2 comments)
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Joe Grano, a legend on Wall Street today espouses the belief a permanent solution like 50 year mortgages would do more to start a housing recovery than all the government intervention of late.
