Jason's Blog

"The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for June reported that builders' confidence in the market reached the lowest point in over 25 years."  See link below. No big surprise, since the housing market is causing a lot of anxiety.  Additionally, the...

Here's the summary: Attorneys have asked a federal court judge to amend a complaint against Ameriquest Mortgage Co. to include the company's founder Roland Arnall. The lawsuit, which is seeking class action status, alleges Arnall and Ameriquest scammed subprime borrowers into taking on loans and ...

Love CNNMoney and all the other mass media outlets.  They routinely hit the shock value of a story and leave off the more important stuff (like details and suggestions on how to...).Anyway, today's CNNMoney reports that "At least 42 percent of major housing markets are in decline, with some proje...

If you've heard of Nehemia (who hasn't), then you probably know that they're the nation's largest "privately funded" down payment assistance program.  According to their website, they've provided more than $908 milion in down payment gift funds.  That's a lot of assistance to help folks get into ...

It comes as a shocking surprise that Freddie Mac has reported a so-called "unexpected net loss" of $211 milliion.  Always the eternal optimist (that's sarcasm for a lawyer), I'm always looking for the bright side.  And I found it!  The good news is that Freddie has now returned to current reporti...

Check out this story:"Subprime mortgage lenders have tightened credit guidelines so much they're squeezing about 500,000 first-time buyers out of the market, according to the National Association of Home Builders. A decline of that magnitude would reduce sales of new homes by 4 percent and sales ...

Oh, Canada!  Check out this news.  Our friendly neighbors to the North (and who border my home state) are doing well with the housing market."Canadian existing-home sales and prices rose to records in May, the nation's realtor association said, suggesting the housing market in the world's eighth-...

The recent news of dramatic foreclosure increases was bad news...but this article from CNNMoney.com seems to put things into perspective.  When you look at the way the MBA presents it, it almost doesn't look that bad:  "The Mortgage Bankers Association said that the rate of loans entering the for...

WOW!  According to this report, foreclosures are WAY up!  "RealtyTrac is reporting that May foreclosures are up 90% over the same month last year. California is up 350% over the same month last year."Here's the link: http://www.cnbc.com/id/15840232?video=373996592 Stunning numbers that don't help...

UPDATE: I should have been more clear. I know there are some amazingly creative programs available from conforming to hard money...and in reality loan programs are only limited by imagination and the money-holder's willingness... With my earlier post, I was actually wondering about Fannie Mae aut...