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mortgage - Page 16 - Strategic Real Estate Coach

After 40 Years, Poof! The Middle Class is Disappearing

Tag: mortgage

After 40 Years, Poof! The Middle Class is Disappearing

From My Budget 360: Some like to think that the middle class has always been a fixture of American society.  In fact, the rise of a steady and strong middle class didn’t happen until after World War II.  Clearly people can’t look at the economically painful Great Depression, which rampaged the nation from 1929 to […]

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FHA Head: Don't Raise Down Payments

From Daily Real Estate News, March 12, 2010 Now is not the time to raise the downpayment requirement on a Federal Housing Administration loan, warns FHA Commissioner David Stevens. Stevens, testifying before a committee of the U.S. House, said his agency would probably insure 300,000 fewer home loans per year if the mandatory down payment […]

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Confessions of a Mortgage Broker

From: JoeConsumer.com - Written By: Helen Kaiao Chang Here’s what you need to know about how mortgage brokers really work: “When I have a client I really don’t like — he’s a pain in the *** — that’s when I charge as much as I can get out of them,” says Jack, a mortgage broker based […]

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Relief for 170,000 Troubled Homeowners

Mortgage help: 170,000 get permanent aid By Tami Luhby, senior writer CNN Money NEW YORK (CNNMoney.com) -- More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they've received permanent modifications under the Obama administration's foreclosure prevention program. Some 15.5% of those who entered the program have gotten long-term adjustments through […]

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Lost Profits and Mike Tyson

Tell me if any of this sounds familiar: 1. You negotiated a great short sale discount. You can buy it for $221,500 and have it sold for $264,000. The “C” buyer is getting a conventional loan. The “C” lender says the seller must be the owner of record and hold the property for 30 days. […]

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Weekly Kick-Off!

March 15, 2010 - This Week’s Topics: • Freddie and Fannie Bounce Mortgages Back to Banks • Unfinished Construction Offers Investors Another Opportunity to Profit • Builders Look to Prosper from Hidden Transfer Fees • Pittsburgh, Louisville Top List of Best Housing Markets • The American Culture of Homeownership • 30-Year Fixed Mortgage Rates Fall […]

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Banks Prey on Distressed Homeowners

Some of the nation’s largest banks including Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM) and Citigroup’s Citi Mortgage division (NYSE: C) have been accused of finding unethical ways of making money from distressed homeowners who are trying to avoid foreclosure, including allegations that banks are making illegal requests for up-front cash payments […]

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5 Tricky Ways to Sell Your Home

Trying odd things might even the odds when it comes to selling a home these days. Some homeowners and real estate agents are thinking beyond price, condition and location to get buyers in the door and make a sale. Michael Travis, an agent with Coldwell Banker Residential Brokerage in Portsmouth, N.H., equates it to being noticed […]

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The long and short of short-selling homes

By Sean Sposito/The Star-Ledger February 17, 2010, 6:00AM ED MURRAY/THE STAR-LEDGER Goldie Sommer, a real estate attorney who has overseen more than 250 short-sale deals in the past two years, does research at her office in Fairfield. Record high unemployment has put some borrowers in jeopardy of losing their homes. They are considering refinancing, home […]

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What Recovery? New Home Sale Plunge!

New Home Sales Plunge By SARA MURRAY Sales of new single-family homes plunged last month, underscoring the fragility in the housing market. Sales dropped 11.2% in January from a month earlier to a seasonally adjusted annual rate of 309,000, the Commerce Department said Wednesday. The decline brought sales to their lowest level since the government […]

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