Archive | September, 2010

Fannie Mae says lenders must verify mortgage applicants’ debt loads before closing

By Kenneth R. Harney – August 29, 2010 – Reporting from Washington — I just sent out a video about this and now they make changes… please read this and let me know...

Diving home sales stoke new worries about economic recovery

While it’s very long… This is a great article By Alejandro Lazo of the Los Angeles Times – August 25, 2010 U.S. sales fall for the third consecutive month to the...

Foreclosures of million-dollar-plus homes on the rise

This is really no surprise; however Lauren did a great job of addressing the facts. Please check out her article and if time permits, click on the short video. It’s well work the...

Federal foreclosure prevention program is struggling

Under the main Obama administration program to ease foreclosures, fewer than 37,000 homeowners received permanently lowered mortgage payments in July. Modification cancellations are...

Housing Fades as a Means to Build Wealth, Analysts Say

By DAVID STREITFELD * The NY Times – Published: August 22, 2010 Housing will eventually recover from its great swoon. But many real estate experts now believe that home ownership...

Mortgage delinquencies remain high at 1 in 10 loans

A brief but to the point article addressing the current state of the Mortgage Market Delinquencies. Written by — E. Scott Reckard of the LA Times One in 10 American households...

Mortgage Fraud Is Rising, With a Twist

Crooks, Thieves and Cons always find a way around the system, and they are doing it again… the challenge is that it cost you thousands and really slows down the system. Lenders...