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Subprime
Economic News
The Lender Police – Lenders Watch Out
There's a new Sheriff in town
For $99 bucks consumers can fax over their good faith and for $199 they can fax their Loan docs...
Economic News
Did Your Practitioner Fix Your ARM…
or Make it Worse? When you break your arm, do you go to your family doctor, or do you go see someone at the ER...
Economic News
Fed Needs to Learn to KISS
KISS. If I were running for political office and someone asked me how I would govern, I would say: KISS. Yes, that...
Economic News
Genius Needed @ Countrywide
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 because...
Economic News
Confessions of Samuelson
“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...
Economic News
The Coming Mortgage Acceleration Tsunami (Part 2 of 2)
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...
Business Marketing
News vs Fact – The Sky Is Not Falling In Real Estate
I've posted many times on the fact that negative spin is what is keeping consumers away from the closing tables. I've warned about...
Economic News
When it comes to FHA, having no credit is better than bad credit
Bad credit, no credit, no problem. Well, not exactly. When it comes to the FHA loan program having no credit is often times much better...