Michael Schindler's (moneystuff) Blog

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Mortgage and Lending - Your IRA guy!

ARCHIVED BLOG POSTS

2008 

Well, Aurora going down was perhaps the worst kept secret in the industry-followed closely by Bank of America's purchase of Countrywide.What big time lender is next?  I'd have to guess WAMU (Washington Mutual).  Lender buyouts are starting to increase.....and nothing will surprise me anymore.We a...
01/20/2008
Can't sell? rent it out-but become educated!Consider renting and advertising it as a "rent with option" or "rent to own".  Think and stay positive.There are a lot of things you can do to make it a "win win".  Offer a partial rent credit towards down payment and KEEP PROOF OF TIMELY PAYMENTS so th...
01/06/2008
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Here's an updated list of lenders that are in the process of or have "imploding" since May, 2006.  213. First Lincoln Mortgage Corp.212. First American Bank (Wholesale)211. Soma Financial210. National City Corp. (Wholesale)209. Heartland Wholesale Funding208. Homefront Mortgage Inc.207. PNC Bank ...
01/06/2008
Rainer
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