David's Blog

  There have been many recent headlines about a mortgage liquidity crisis, but what exactly does a mortgage liquidity crisis mean? More importantly, how does a mortgage liquidity crisis affect the average consumer. The next few paragraphs will explain the mortgage liquidity crisis and what you sh...

Here is an email from an ABN-AMRO AE that clarifies the cut today. Thought I would share as it is good info:"Today (08/17/2007), in an unprecedented move, the Federal Reserve made anemergency Discount Rate cut of .50% (1/2 percent) in order to attempt toavert further liquidity crisis (cash shorta...

Interested to hear your thoughts on this. http://www.govtrack.us/congress/billtext.xpd?bill=h110-3081A few highlights from the link...---`(C) VERIFICATION OF CONSUMER INCOME AND FINANCIAL RESOURCES- In the case of any consumer credit transaction secured by a consumer's principal dwelling, the inc...

 What would happen if luxury home prices increased 18.0% in less than 30 days?  Sounds like 2005 all over again right? You're probably wondering if you can buy one as a pre-sale, right?What would you say if I told you that, in a way, prices have already increased that much even in declining marke...

Be mindful when pulling cash out of your home that the cost of doing this is not excessive. Paying $7000 in refinancing fees may not be worth it when pulling out $15,000. You may want to try an alternative option to tide you over until your circumstances change.When trying to cash out the equity ...

I've seen this a few times on various blogs and websites. I thought it would be interesting to see where the different Active Rain members are located. I guess future releases will allow you to see how many people in your own city are clicking on your sites, blogs, and posts. You Can Get Your Own...