What is a Short Sale?
What is a Short Sale? that has been a common question during this foreclosure crisis. Investors make a lot of money buying up foreclosed homes. Recently though, the trend is…
What is a Short Sale? that has been a common question during this foreclosure crisis. Investors make a lot of money buying up foreclosed homes. Recently though, the trend is…
How long will the housing/mortgage crisis last? Sheila Bair, chairman of the FDIC (Federal Deposit Insurance Corp.) expects the measures being taken to help the housing and credit industries will…
Contrary to the general conception, Fannie Mae is not a bank. Fannie Mae is a government sponsored enterprise (GSE) that purchases and guarantees (insures) mortgages. These mortgages must meet its…
Number 4 CNN Top Ten Culprit is named- Texas Senator and Republican Phil Gramm Texas Senator Phil Gramm served as a Democratic congressman from 1978-1983, as a Republican congressman from…
According to this video, Sears Mastercard and other credit card companies are imposing pretty restrictive new credit card rules. They are also cutting credit limits …Even at the expense of…
The Negative Amortization Home Loan is the Mortgage industry’s dirty little secret. A “Pick a pay” or “Negative Amortization” mortgage may sound like a cheap way to get into your…
Requesting mortgage payment forbearance from 5th 3rd bank, or any lender, involves several steps. Loan forbearance occurs when a distressed borrower pro-actively approaches the lender and asks for reduction or…
President of Mortgage Banking Solutions says the housing market is showing signs of bottoming out and the mortgage industry is climbing out of the instability of days past. Requirements for…
When people are ready to become homeowners, the major question is, “How much can I afford to pay for a home?” The general rule for finding an affordable price range…
Questions about the bailout of Freddie and Fannie How will the bailout of Freddie and Fannie affect first time home buyers and the home market? There will be a big…