Economic News
Here’s my Thursday WTF… You all know I love the baglady.com, although I know for sure shes no bag lady. Check out her take...
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Here’s my Thursday WTF… You all know I love the baglady.com, although I know for sure shes no bag lady. Check out her take...
Alan Greespan’s recent column in the Wall Street Journal (The Roots of the Mortgage Crisis) is a must read. He tries to put together...
Roaring sirens alert those within miles that someone is in danger. Police arrive on the scene. Onlookers create a scene of their own by...
The Fed cut rates by an expected .25%, but the stock market expected a .50% rate cut in the Discount Rate. The Fed is...
I didn’t realize the subprime interest rate freeze was such an emotional issue for so many real estate agents. I can’t tell you how...
We just saw the release of the foreclosure numbers from the MBA. No surprise that foreclosures hit a new record, but there are little...
Paulson came out Monday in a news conference aired on CNBC and stated that the "freeze" plan is nearing completion, yet I can see...
We’ve been following Robert Ashby for a while on Active Rain, and his own site at floridamortgagedaily.com. We took special notice of him when...
Official announcement expected Thursday Wednesday, December 05, 2007 Inman News A coalition of lenders, loan servicers and investors have reportedly agreed to a plan...
From the guys at Richter Scales, a song for market speculators…
I’m no genius, but am I crazy in my view that Countrywide needs an infusion of intelligence? We had a short sale fall through...
“As one of the economists who helped create today’s newfangled securities, I must plead guilty: These new mechanisms both mask transparency and tempt to...
In part one I discussed the characteristics of the mortgage acceleration program and pointed out that while on paper the concept is sound, it’s...
United First Financial (UFF) is marketing an equity accelerator mortgage plan which promises homeowners quicker loan payoff. I’ve been approached by several of their...
Just some quick thoughts on how consumers are seeing the state of things… Oil What excuse do you have this week to raise oil...
I was at the doctor’s yesterday trying to figure out why my right foot has me impersonating Chester. The medical assistant that took all...
I hear Zillow is venturing into the mortgage world. Zillow insiders have told me that while they can’t divulge the details they have an...
I just read that 1 Out of 9 Jobs in Colorado are tied to Real Estate. The Colorado Association of Realtors® released a report...
In the great long food chain that is real estate, agents sit at the top. The mortgage loan officer sits right underneath with a...
I know the Department of Justice is hot on the trail of inefficiencies and cartels driving up cost of real estate transactions. So here’s...
Bad credit, no credit, no problem. Well, not exactly. When it comes to the FHA loan program having no credit is often times much...
At first glance, Ditech came up with a pretty far out campaign to support their television web2.0 rebrand. But when it comes time to...
Austin Business Journal: RARE SPECIAL BREAKING NEWS EMAIL: 4:22 PM Thursday August 16, 2007 Today, it was reported that First Magnus Financial Corp shut...
Here’s the gist: “MY point is this: I don’t know where the bottom is on subprime. I don’t know how bad the problems are...
From wikipedia: The self-fulfilling prophecy is, in the beginning, a false definition of the situation evoking a new behavior which makes the original false...