mortgage: Fannie Mae & Freddie Mac in conservatorship today! - 09/07/08 02:55 PM
September 7, 2008
The Office of Federal Housing Enterprise Oversight has announcedthis morning, it is placing mortgage giants under conservatorshipin an effort to stabalize their ability to perform under tightercredit restrictions and low economic growth.
OFHEO cited the importance of these organizations and theirrole in residential real estate in their press … (5 comments)
mortgage: Upside Down!? Selling your home for less than your mortgage. - 07/08/07 03:37 PM
When homeowner's fall behind in their mortgage payments or foresee a future problem looming, the decision has to be made whether to sell the home or try a ‘work-out'. Failing that means the possibility for a costly, messy, and humiliating foreclosure becomes more likely. There are a couple of things to consider … (0 comments)
mortgage: Mortgage Scam: Warning - 05/02/07 09:22 AM
I've just been made aware of an ugly scam that is affecting a lot of people in Southern California and other places. This is an insidious scam that takes advantage of the turbulent finance environment. Consumer advocates and Mortgage Brokers (the reputible ones) are warning of this fraud where someone, under a … (6 comments)
mortgage: Missed out on your chance to own? - 04/24/07 12:06 PM
Do you think you've lost your chance to own a home in Long Beach? I'm here to tell you not to give up yet. There are programs in place for first time homebuyers that help you own your own house or condo. These programs are sponsored by the California Housing Finance … (0 comments)
mortgage: Everything you ever wanted to know about Real Estate but were afraid to ask: Reverse Mortgage. - 04/12/07 04:49 PM
A reverse mortgage is a way to borrow money against the equity in your home to provide you with tax-free income. You can receive funds in any number of ways including: Lump sumRegular monthly payments for as long as you live (or reside in your home)Monthly payments with a pre-determined cut off … (4 comments)
mortgage: Smooth Loan Approval - 04/05/07 02:48 AM
When making offers to purchase a home, any delay in your approval process could mean a lost deal. Here we've listed 5 Do's and 5 Dont's to help avoid delays in your loan approval. Do's 1. Continue making mortgage or rent payments2. Keep working at your current employer(s)3. Continue living at your current … (2 comments)
mortgage: Real Estate & the Economy - 04/01/07 04:41 PM
Business Week televised a couple of good items about the real estate industry as a whole yesterday. Their video can be seen here: http://feedroom.businessweek.com/index.jsp?fr_story=1164424c0c16afd06ab22f7edc11e1b8de2f5ab5 I've pulled information from other current videos as well. Some of the bullet points I thought were important are: Buyers still have an edge in real estate. Seller's are becoming … (0 comments)
mortgage: Established Sub-prime Lenders Not Taking Much of a Hit - 03/26/07 02:29 PM
The ongoing reporting of the ‘crisis' in the mortgage industry took a turn today when Wells Fargo & Co. reported that it is committed to providing sub-prime (higher cost/risk) loans to borrowers. The company insists they continue to do so in a responsible way, citing the need of some borrowers to … (0 comments)
mortgage: Cleaning up your credit - 03/24/07 03:08 PM
If you need to clean up your credit score; you don't have to call one of those 1-800 numbers. Which you should be cautious of anyway. There are simple things you can do yourself that may dramatically increase your score. First off, obtain a free copy of your credit report from each … (2 comments)
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September 7, 2008
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