Archive for the ‘Foreclosure’ Category
Monday, August 11th, 2008
A few weeks ago, I posted some information about the then-pending bailout bills which have now been signed into law. The bill, I noted, was a divisive one both in Congress and among Americans. I also noted that a number of people who I talked to felt that bailing out ...
Posted in Foreclosure, Mortgage Costs, Mortgage Laws | No Comments »
Tuesday, August 5th, 2008
Interesting news is coming out of California these days: home sales are beginning to increase. According to a Bloomberg article, the Golden State may have found the bottom of the market and is now moving towards a form of recovery.
Here's the deal: Calfornia led the way for a number of ...
Posted in Foreclosure, Real Estate | 2 Comments »
Friday, July 18th, 2008
There are some times when I just have to shake my head. One of those days was last Friday, when the Office of Thrift Supervision (OTS) issued its press release regarding the closure of IndyMac Bank and its transfer to the FDIC.
In that release, OTS Director John Reich was quoted ...
Posted in Foreclosure, Mortgage Costs, Real Estate | 2 Comments »
Thursday, June 26th, 2008
Just last week in my blog I suggested that now might be the best time to take advantage of low interest rates. While the Fed hasn't made any adjustments in the federal funds rate, and is unlikely to do so until early next year according to market experts, interest rates ...
Posted in Foreclosure, Housing Options, Mortgage Costs, Real Estate | 2 Comments »
Wednesday, June 18th, 2008
Texans have long known that life is just better when you enter into the 260,000+ square miles that is the Lone Star state. Now the nation is also taking notice. In fact, in the most recent list created by Fortune magazine, Texas is home to more Fortune 500 companies than ...
Posted in Foreclosure, Housing Options, Real Estate | No Comments »
Monday, May 19th, 2008
At one time, home equity lines of credit, or "HELOCs" were touted by the mortgage industry as the best way to have quick access to cash. It was like having a credit card-you could use your credit line, pay it down, then use it again. And all of the advertising ...
Posted in Foreclosure, Housing Options, Transparency | 1 Comment »
Thursday, May 15th, 2008
It appears that I'm not alone in my opinions about our housing market. In his recent Wall Street Journal article, Cyril Moulle-Berteaux announced that "the housing crisis is over".
Given the worldwide tone of gloom and doom that I referenced in a previous blog, you may be asking yourself if Moulle-Berteaux is ...
Posted in Foreclosure, Real Estate | No Comments »
Tuesday, April 29th, 2008
The housing crisis. The credit crunch. Unscrupulous lenders.
Between the media's daily recession report and the testimony on Capitol Hill lately, we're all waiting for the imminent collapse of our economy. Surely mortgage companies are waiting at our doors, waiting to grab the keys from our hands and toss us into ...
Posted in ARM, Foreclosure, Housing Options, Real Estate | 4 Comments »
Tuesday, January 29th, 2008
Did you take out a sub-prime adjustable rate mortgage, commonly referred to as an ARM, between the start of 2005 and July 30, 2007?
Is your sub-prime ARM set to adjust between January 1, 2008 and July 31, 2010?
Do you occupy the home that this sub-prime ARM is attached to?
Are you ...
Posted in ARM, Foreclosure, Housing Options | 1 Comment »
Tuesday, January 22nd, 2008
A few days ago, Dallas-Ft. Worth based market research and consulting firm, Residential Strategies, Inc., released their fourth quarter 2007 report. Although this report targets the new home market specifically, much of what is garnered can be applied to the existing home market as well.
Here's a run down of what's ...
Posted in Foreclosure | 1 Comment »
