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Fannie Mae to Allow Borrowers in Foreclosure to Lease Back Homes
The housing market has shown some signs of recovery. Not to harm the housing market Fannie Mae launches this alternative. " Mortgage giant Fannie Mae said Thursday that it would throw a lifeline to some people losing their homes to foreclosure by allowing them to lease those... Housing Counselors Waging War Against Foreclosures
Housing conselors sit every day with people needing help to solve their foreclosure problem on a non-profit basis. Sometimes they just have to say that there is no way, but sometimes they have the right options and help people to explain the lenders that these people need to... Are You at Risk of Being Foreclosed?
If you have a raise or a promotion at work, one of the first idea is to buy your dream home. However you have to make decisions. In the most of case the people do not have the full of money for the investment then they look for some alternative."A mortgage loan is generally... The Incredible Shrinking Mortgage Market
Many people in United States lost their homes in the mortgage meltdown. Nevertheless real-estate has been considered a safe investment."If current trends continue, there may be more bust than boom. In fact, we may... State Politicos Capitalizing on Mortgage Crisis and Foreclosures
I read recently that Terry Goddard, Arizona's current attorney general, has joined a Task Force supposedly to address the scam artists operating in Arizona after Obama's claimed "rescue" was announced.
Below is a copy of a letter I sent to the Arizona legislature as a... Poll: Americans losing confidence in Obama
" less that half of Americans — 49 percent — say they believe the president will make the right decisions for the country. That's down from 60 percent. The poll published Friday says Obama's overall approval... w/Foreclosures at All-Time High, Can Obama, House, be Re-Elected?
They Blew it On Bankruptcy Protection for Homeowners, and Now They're Getting Rolled on All-Important Health Care.Horrifying statistics have just been released by the Mortgage Bankers Association, which finds... 143 views | 4 recommendations | 1 comment
U.S. House Prices Keep Climbing with a 1.2% Rise in June
Integrated Asset Services(www.iasreo.com) today released its IAS360 House Price Index (HPI). Based upon the timeliest and most granular data available in the industry, the index for national house prices moved ahead another 1.2% in June.
With June’s gains--the... Why we need the Bankless Financing Program
The U.S. Census keeps track of interstate movement of people in the United States. Last Year, the U.S. Census recorded the smallest number of people moving in fifty years, since 1959. At that time the total... SEC charges brokers with Collateralized Mortgage Obligation fraud
" In a lawsuit filed yesterday in the US Southern District Court of Florida, the SEC alleges the brokers presented the CMOs as suitable products for retirees and conservative investors. In some cases, the CMOs were... Cave Dwelling Family Can't Refinance, Selling Home on eBay
UPDATE MARCH 8th: I'm happy to report that things are looking up for the Sleeper family - it looks like they'll be getting private financing to keep their family "cave", after all. Here's an... Let The Revolution Begin [Rick Santelli Rant Video]
" Simpsons characters pictured in a mob revolt with tourches. Image Credit: The SimpsonsLet The Revolution BeginIt's ironic that Barack Obama, whose friends were disciples Saul Alinsky, an ardent social... 960 views | 16 recommendations | 2 comments
Prognostications, Pundits and Poo
Prognostications, Pundits and Poo
Bill Hitchcock
We all know that we are in an “interesting” real estate environment. The fact is-It’s terrible. But where do we go from here?
Personally, I think prognostications from most pundits is purely poo. Most of the... Will the German government become defacto shareholder in BC P3s?
The German bank that's involved in the financing of three high profile public-private partnership (P3) projects in British Columbia may be partially nationalized by the German government. Hypo Real Estate (HRE)... Nearly 10% of Latinos lag on mortgages
" Nearly one in 10 Latino homeowners fell behind in mortgage payments last year. That's the finding of a Pew Hispanic Center survey. The Hispanic research group also reports about 3% say they had received a foreclosure notice. The survey found that nearly half of respondents,...
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