by Dan Polimino | Aug 26, 2008 | Financing
On July 30 President Bush signed into law the sweeping Housing Rescue Plan which won final approval in Congress on July 26. This measure aims to help up to 400,000 families avoid foreclosure by allowing them to refinance into more affordable mortgages. While the...
by Dan Polimino | Aug 15, 2008 | Financing
The Mortgage Crisis is not over yet. Read the news from this week’s Wall Street Journal: Fannie Mae announced Friday that it is cutting back on its purchase of mortgage securities, focusing instead on buying jumbo loans. Freddie Mac announced a similar decision...
by Dan Polimino | Jul 13, 2008 | Financing
I would love some feedback on this topic. Please leave a comment on whether or not you think mortgage lenders and brokers should be forced to participate in a national registration and licensing program. See the article below from Ken Harney with Realty Times. As the...
by Dan Polimino | Jun 28, 2008 | Financing
It looks like we’ll be hearing a lot more of this as the credit industry struggles to make it self over. Take a minute and read: Fair Isaac Corp. and the credit bureaus have rolled out numerous products to provide lenders and investors with alternatives to the...
by Dan Polimino | Jun 9, 2008 | Financing
The buyer found the right home, in the right location. The seller even agreed to the terms and price, but there’s still a good chance this deal will never make it to closing. Why? Because more real estate deals than ever before are falling apart at the...
by Dan Polimino | May 2, 2008 | Financing
Lets watch this and really see if the FED buys what Bank of America is selling. Read on from earlier this week in the LA Times. Bank of America will tell the Federal Reserve today that if it is allowed to buy Countrywide Financial Corp., it will help more than 265,000...
