Nutty professors at HUD, the spoon fed (by lobbyist) congress and its agencies run around making speeches, proclaiming villains, pointing fingers yet right under the noses of all these knuckleheads bad players continue to play bad. Case in point is Lend America's Mike Ashley. Caught, arrested, fi
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10/28/2009
The HVCC appraisal regs that went into effect thanks to the Attorney General of NY Cuomo (probably will run for Gov of NY and certainly at some point will run for president...oh yea former HUD secretary under Clinton...Cuomo was a disaster there too)... His response to serious issues is from the
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10/26/2009
Rates are good now for the short term and one way to shed some light where our interest rates will be in the future is to look into our past. I have attached a link showing the history of long term rates going back to 1971. See below: http://www.freddiemac.com/pmms/pmms30.htm In my old marketing
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10/24/2009
HR 3126 deserves the support from the consumer, Realtor, obviously the lending industry, (the banks won't support it because it will save the consumer money and Banks lose revenue) and support is needed from all the other vendors supporting the real estate market place IF the amendment killing th
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10/23/2009
Stealing and changing the title a bit from the Britney Spears "hit" song whenever it came out was inspired by HUD's latest announcement that it is considering "Civil Money Penalties" against the FHA underwriter if HUD FEELS (I emphasize the word FEELS) the underwriter didn't underwrite the loan p
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10/22/2009
The VA (Veterans Administration) loan continues to quietly perform - zero down, seller paid closing costs, seller can pay revolving debt for buyer under certain circumstances and the default rate is only 4.69% confirming the myth the down payment is a crucial component for a loan to perform is F
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10/20/2009
Unfortunately the short sale is more common place than it should be. I was researching some other topic and I came across this video by Annie Fitzsimmons posted on the "Washington Realtor" website and it is a three part series. For the seller I recommend part one and for the potential buyer I rec
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10/17/2009
We have seen folks in my profession come and go due to market conditions and even though 99 banks have failed since Wall Street handed to us this financial calamity, it does not match the 500 or so banks that failed back in 1989 (Savings & Loan) however today the situation is worse now than it wa
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10/17/2009
Sixty million dollar Obama program says "we know best" and wants to review your loan docs....I KNOW how cool is that? (he says in a tone of resentment) They (the government) think they are better equipped to tell you how to manage your money! Well bust my buttons - 24 national and regional organi
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10/15/2009
Historically it is the lobbyist that writes the bills and our representation puts a bow on it and calls it representing "their constituency". Whats transparent are the lobbyists stomping around trying to get 'their say' in writing to water what they can down be it Health Care, Wall Street regula
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10/14/2009
