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Foreclosure Bailout Loans Vs Government Help With Mortgage Modification Programs
If you are about to lose your shelter for the family, foreclosure bailout loans can help to stop house foreclosure and continue to let your family stay in your home. Besides this, all other forclosure...
0 commentsFannie Mae continues tightening the screws..!!!
Hot Rates Made Easy Effective August 1, 2008, Fannie Mae issued some new rules affecting the conversion of a principal residence to a second home or investment property. For a second home, both mortgages will...
0 commentsFHA and Fannie Mae Adapt To Distressed Mortgage Market
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae together with the Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac owns or guarantees almost $5.5 trillion...
10 commentsThe Misguided Outcry for "Perp Walks"
It is bad enough to hear the lie that capitalism caused our economic crisis repeated ad nauseum by both the dishonest and the clueless. It is even worse to hear some of the “solutions” proposed by the...
3 commentsBe Afraid
Sep 18, 2008 | 5:03 PM If the economy looks wobbly, what about our presidential candidates? Don't they remind you of drunken sailors on a ship in a hurricane? John McCain is inveighing against a...
0 commentsWhat Does the Rescue Plan Mean to Us Average Joe Six-Packs?
Somehow I don’t think you and I are going to get a “Thank You” card for bailing out the financial markets. And I've never been referred to as Joe Six-pack until recently, but I do know the way we...
1 commentLoan Modification Help - What Should You Do?
During the mortgage boom there were many bad loans (loan fraud) which were approved by senior management and funded. Mortgage brokers and lenders were in a hurry to make money for themselves by selling high...
1 commentIndyMac Bancorp nearly out of capital, who's next?
IndyMac Bancorp announced today that it will be slashing 3,800 jobs and closing their forward mortgage business. On the company's corporate blog, they gave the reasons for this move. The Pasadena-based company...
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