Tweet Boy, it sure seems like every day there is a new plan out there to help the housing market! The Wall Street Journal reported yesterday on a new plan by the Obama Administration to cut mortgage balances without actually getting the borrowers out of the home. Before we go into analysis, here are the [...]
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Posted in Market News
Tagged government, HAMP, incentives, mha, mortgage, refinance, second lien, short sale, short sales
Tagged government, HAMP, incentives, mha, mortgage, refinance, second lien, short sale, short sales
Tweet Came across this great site today from the Center for Responsible Lending which breaks down state by state their estimations of costs associated with bad lending. http://www.responsiblelending.org/mortgage-lending/tools-resources/factsheets/ How has your state fared in the financial crisis? Here we have compiled data to create a state-by-state snapshot showing costs associated with bad lending in recent [...]
Tweet Good to see some of the news media recognize the hand investors have in alleviating some of the pressure of the housing crisis. Still, real-estate experts working inside and outside the investment community agreed that investor interest in the Valley real-estate market has helped to prevent communities in 2009 from being overtaken by boarded-up, [...]
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Posted in Market News
Tagged economy, foreclosure, investor, real estate market, short sale, short sales
Tagged economy, foreclosure, investor, real estate market, short sale, short sales
Tweet Reporting by Diana Olick from CNBC: The video takes a high level look at HAFA and the government program. All in all a decent view but any readers of this blog won’t be surprised by any of the content. In a nutshell, it simply discusses short sales and how it could help clear inventory [...]
Tweet The other day I was on Twitter and just generally asking people what they though of the impending HAFA (Home Affordable Foreclosure Alternatives) program, which is coming down the pike from the Obama administration on April 5th, less than two weeks from today. A lady named Sarah Stelmok, who also happens to run a [...]
Tagged analysis, commentary, government, HAFA, HAMP, mha, modification, short sale, short sales