Archive for housing bear market
Bank of America Freddie Mac and Fannie Mae Denials for Modification Sent Out In Error due to ‘System’ Mistake
Letters have been going out erroneously to borrowers with Bank of America letterhead stating the following: Bank of America, N.A. 5401 N Beach St TX2-977-01-34 Forth Worth, TX 76137 borrower… Read more
Bernanke Successfully Re-Inflating Housing, Unbeknownst To Shiller
Adapted from the Wall Street Examiner. There were two major housing data releases today. One of them is important. The other was a misleading misdirection play, as it usually is. Due to its… Read more
Builder Indexes Down In April, But Trend Is Still Up
The dark and dirty job of pointing out that the NAHB Housing Market Index present conditions index is up 11 points versus last April and traffic is up 5 points falls to me, I guess. The mainstream… Read more
Principal Reductions and Loan Modification without Hardship Requirements
Mr. DeMarco, who is the head of the FHFA and is a Republican, sees such a large moral danger in people cheating by going late on their mortgage to get a principal reduction and applying for a loan… Read more
HARP 2.0 Refinance – “Responsible” Homeowners Get Their Reward
In November 2011 the Obama administration announced an overhaul on the Home Affordable Refinance Program (HARP). Much needed and anticipated, HARP Refinance 2.0 stands to provide relief to a LOT… Read more
CoreLogic Data Shows House Price Declines Slowing
CoreLogic’s data for January closed house sales (mostly November contracts) shows a year over year decline of 3.1% nationally. the month to month decline was 1%. However, the 12 month rate of… Read more
IN CASE OF SHILLER, BREAK (Out This Article)
The Case Shiller housing price index was released this morning and, as usual, it’s getting lots of media attention. I have no problem with that, except for one minor detail. It is a worthless and… Read more
“What Ronald Reagan said about the federal government…” (Mtg. Regs Update)
I’m sure that at some point in your life, you’ve heard the three biggest lies in the world…. “Your check is in the mail.” Or: “I promise I’ll respect you in the morning.” And as… Read more
Scattered To The Winds–Mortgage Folks Change Careers
Nobody can deny that the mortgage industry has been shrinking, and continues to do so. But where are people going? Which industries have absorbed the tens of thousands of loan officers,… Read more
The Future Of Real Estate
I’ve made a new video. It’s called “The Future Of Real Estate”. It’s very educational, and it’s entertaining. Have a… Read more
