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This blog contains selected content from REWealthCoach.com, a blog for realtors and investors containing news, tips, opinion and strategies for making it in today's real estate world.

ARCHIVED BLOG POSTS

2010 

A couple of stories in the news this past week document attempts by state and federal officials to crack down on housing-related fraud. A Treasury Department audit showed that 1200 prison inmates received homebuyer tax credits. Penitentiary return addresses were one of the big tip-offs. Treasury ...
07/08/2010
he government reported that federally regulated banks and thrifts are showing improved delinquency rates through the first quarter of 2010 as more mortgages are being paid on time. The drop occurred over all types of loans—prime, Alt-A, and subprime, according to the regulating agencies’ Mortgage...
07/07/2010
Economic pundits are saying there’s a good chance of another recession. According to Weiss Research analyst Claus Vogt (http://www.moneyandmarkets.com/two-leading-indicators-pointing-to-another-recession-39482), two major indicators are pointing to recession. The Conference Board’s Leading Econom...
07/07/2010
The five hardest hit foreclosure states have been granted extra funds to help homeowners who face foreclosure in these states. Arizona will use $125.1 million for loan modifications, including principal reduction, assistance to eliminate second mortgages, and assistance to the unemployed and unde...
07/07/2010
The major world financial leaders met in Canada last week and agreed on the tentative nature of the economic recovery. They disagreed somewhat on what to do about it. On warnings from the Bank for International Settlements (BIS) about countries falling further and further into debt, many of the m...
07/07/2010
Fannie Mae has issued new rules for lending to those who have strategically defaulted on a mortgage in order to stem the increasing tide of loan defaults by those who can technically afford to hang in there. Those who walk away from a mortgage or fail to work in good faith on a mortgage loan work...
07/07/2010
Freddie Mac is reporting an average rate of 4.58% for a 30 year fixed-rate mortgage. This time last year the rate stood at 5.32%. 15 year fixed-rate loans are sitting at 4.2% According to Austin Kilgore of www.housingwire.com, rates are being driven down by an increased appetite for American bond...
07/07/2010
According to the National Association of Realtors, pending home sales have plummeted 30% since the homebuyer tax credit expired. This fall comes after three periods of solid increases. Though the closing deadline for the tax credit was extended to September 30, with no government money to entice ...
07/07/2010
The oil spill in the gulf could wreak havoc on an already weak Florida housing market. As of now, over 80% of all loans in Florida are underwater. In fact, half of all private label mortgages are at least 60 days delinquent, according to Fitch Ratings With unemployment settling at over 11%, the o...
07/07/2010
Renting to college students can be a great source of recurring income, but there are several factors you need to keep in mind if you decide to go through with it. Location is absolutely key. While most large colleges have very efficient and effective public transportation designed to get students...
07/07/2010
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Bob Massey

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This blog contains selected content from REWealthCoach.com, a blog for realtors and investors containing news, tips, opinion and strategies for making it in today's real estate world.