Back To Basics – How To Sell A House In A Slow Market
In today’s market, it can be pretty darn difficult to sell a house, even if you’re offering a good price on a good property. That’s a function of two huge issues: (1) a huge supply of available...
View ArticleFannie and Freddie Costs Projected to Sink From Here
Just when you were thinking it just couldn’t get any higher…The current administration let you know that you were right. According to current projections, the cost of rescuing government-controlled...
View ArticleMERS Under Fire: No Longer Has the Right to Transfer Mortgages or Foreclose
MERS (Mortgage Electronic Registration Systems) was created in the mid 1990s to package and bundle mortgage securities for sale[1]. The goal was to make the transfer of mortgages easier as they were...
View ArticleGovernment Could Be Hindering Housing Recovery
Yesterday the House of Representatives held a hearing to “examine private sector involvement in the housing market in order to determine if the high amount of government participation is a hindrance to...
View ArticleRepublican AGs Protest Mandatory Principal Reductions in Bank Foreclosure...
While many attorneys general involved in the negotiations around the “bank settlement” that lenders, politicians and homeowners alike hope will resolve much of the fallout from last fall’s robo-signer...
View ArticleGoldman Sachs Bet Against the Subprime Mortgage Market, Lied About Profits
Two years into a bi-partisan Senate probe, the Senate panel has determined the Goldman Sachs Group Inc. not only bet billions against the subprime mortgage market but then “clearly mislead their...
View ArticleStandard & Poor Outlook Negative for GSEs, Federal Home Loan Bank System,...
Along with a warning about the state of the country’s credit outlook, Standard and Poor (S&P) and lowered its evaluation of the outlook on the debt issues of Fannie Mae, Freddie Mac, the Federal...
View ArticleFBI Says Market is Ripe for Mortgage Fraud
According to the FBI’s Mortgage Fraud Report, mortgage fraud persisted at “elevated levels” during 2010. And things are not likely to improve, says the bureau, as long as market remains in its current...
View ArticleFHFA Sues 17 Lenders
The Federal Housing Finance Agency has filed suits against 17 financial institutions for selling government-controlled GSEs Fannie Mae and Freddie Mac around $200 billion in mortgage-backed securities...
View ArticleWould-Be Buyers are Giving Up on Conventional Financing, Dropping Out of...
As nearly a third of all would-be homebuyers are denied financing, they are giving up on the conventional mortgage[1]. According to the Federal Financial Institutions Examination Council (FFIEC), more...
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