Home sellers - if you aren't getting offers this week, you are missing out on what will be the closest thing we will see to frenzy conditions the rest of the year! Lower your price a little to get in the game! California 30-year fixed mortgage rates go down to 3.22%...
If the Republicans sweep in November, Fannie/Freddie will be under siege - but it's very unlikely that they would go away. If they did, it would cause the big banks to dominate mortgage lending, leading to that Too Big To Fail thingy. From HW: Lost amid the uproar...
Mortgage rates dropped some more today, now around 3.25%: http://www.mortgagenewsdaily.com/consumer_rates/633676.aspx Over the weekend, I spoke with a client who purchased his home five years ago, and has a 4.0% mortgage rate now on a loan amount of $315,000. If he...
Hat tip to daytrip for sending in this article on mortgage forgiveness: http://www.clarionledger.com/story/news/local/2016/05/21/jackson-mayors-mortgage-vanishes-after-election/83615172/ A few weeks after being elected Jackson mayor in 2014, Tony Yarber stood in his...
Hat tip to eddieironmaiden89 for sending this in: http://www.ocregister.com/articles/percent-714878-credit-mortgage.html There was no such animal as a credit score for mortgages backed by Fannie Mae or Freddie Mac until about 1995. Well, it’s back to the future. Good...
The U.S. Court of Appeals threw out the $1.3 billion judgement against BofA - here is the story behind it: http://www.latimes.com/business/hiltzik/la-fi-hiltzik-bofa-mortgage-billions-20160524-snap-story.html If I'm ever dragged into court for a financial fraud, I...
We're coming off tax season - how was your mortgage-interest deduction? It only benefits those in high-cost areas. Should we initiate a real tax-reform package, and start with eliminating the MID when it's impact is low?...
Do you buy anything that's cheap(er), figuring that the demand will become unglued and prices continue racing towards the sky - or sit this one out? P.S. Three offers are in on Cherokee, and more expected....
Those who were wrongly foreclosed won't get their house back, but the courts might make the banks throw around some more free money. http://www.latimes.com/business/la-fi-foreclosure-ruling-20160302-story.html Excerpts: During the bust that followed last decade's...
