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- High home prices making 1 out of 3 homes unaffordable. Prefab homes may be a viable option
- Home prices continue to increase, industry experts optimistic
- Mortgage Cram-downs will Cost Hard-Working Americans
- Don’t Believe the Hype on June Home Sales Increase
- New Federal Home Loan Rules are too Much of a Good Thing
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Category Archives: Mortgages
Mortgage Cram-downs will Cost Hard-Working Americans
It seems that some people in Washington are starting to realize what we in the mortgage business have known for a long time – loan modifications don’t work. Jim Puzzanghera reports in the LA Times this morning that: Federal programs aimed … Continue reading
Posted in Mortgages
Tagged cram downs, Feinstein, loan modifications, luxury reos, luxury short sales
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New Federal Home Loan Rules are too Much of a Good Thing
Starting on July 30th, lenders and brokers will have to begin providing borrowers with a whole slew of new disclosures – some good, most bad. One of the worst of the new requirements, as reported by Ken Harney in the … Continue reading
Walking Away From Mortgage is a Strategic Decision for Many Homeowners
There was a report out last week, as reported by Kenneth Harney at the LA Times, that revealed some not-so-surprising information on why people walkout on their mortgage; about 26% see it as a strategic business decision. Among the study’s … Continue reading
Posted in Mortgages
Tagged Frank, Greenspan, Kenneth Harney, los angeles short sales, luxury short sales, mortgage default
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Are Banks Being Realistically Valued?
Cyrus Sanati wrote an article in The New York Times Deal Book this morning that some on Wall Street that are suggesting that TARP is masking some serious financial problems within some of the country’s largest banks. Daniel Alpert of … Continue reading
Posted in Mortgages
Tagged Deal Book, los angeles luxury REO, luxury short sale, short sale los angeles, TARP
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