Today reports showed Inflation hit a 17 year high, yet fixed rates on mortgages fell slightly? We are truly living in a parallel universe never seen before. So what should you do in times of uncertainty? Find ways to reduce your exposed risks. Fixed rate mortgages may actual be a consideration for many borrowers. On […]
Category Archives: Mortgage
Buy Time
August 7, 2008 – 5:09 pm
From: WSJ.com
Silver Portal to Buy Homes in San Diego,
Preferably Near Starbucks
By MICHAEL CORKERY
August 6, 2008; Page C1
Burl East is looking for a good deal on a foreclosed house. Make that a good deal on 1,500 foreclosed houses.
Mr. East, a managing principal of Silver Portal Capital LLC, a small real-estate investment bank, is raising $150 million to purchase […]
Will Vegas Lead the Real Estate Recovery?
August 1, 2008 – 7:24 pm
I felt this was a well written and balanced view of one of the hardest hit real estate markets in the USA. If Vegas can bounce back (and I believe it will), there is hope for the rest of us!
From In Business Las Vegas
Housing legislation could spur quicker Las Vegas rebound By Brian Wargo / […]
Fix the Housing Crisis - without a Gov’t Bail Out!
July 18, 2008 – 6:15 am
Two simple fixes:
Change the accounting rules for long-term holders of mortgage notes. Stopping the downward spiral in portfolio values every time someone sells short.
Allow appraisers to use “cost approach” instead of “comparable sale approach” when appraising primary residences for refinance loans. This would allow people to stop panicking that want to refinance out of ARMs.
Bob […]
Loss Mitigation Departments
July 17, 2008 – 6:25 pm
We have had so many requests for this information, I decided we should post it on our blog…
Thanks to www.homes&agents.com
“With more than 50% of foreclosures being prevented, the first step a homeowner can take is to call their Mortgage Company and ask to speak to someone in the “ Loss Mitigation Department. ” If your […]
