Thanks to those who commented on the last post about text vs. videos! It feels like working in a vaccum at times, because not that many people leave comments (which is fine). If you have thoughts on the blog material or direction, feel free to comment - I think there...
Mr. Winston sent along this gracious response today - a must-read: My name is Michael G. Winston. As you were kind enough to write about my legal battles with Bank of America/ Countrywide, I wanted to update you, show you how close you got to the truth and thank you...
Jumbo rates in the 4-5% range still look attractive to me - from cnbc.com: The deadline for ending temporarily higher loan limits at Fannie Mae, Freddie Mac and the FHA is October 1st, but they are effectively ended now. A Wells Fargo spokesman confirms, "August 15th...
From sddt.com: There is one part of the real estate market that is booming: mortgage fraud. A new report issued this week from the Federal Bureau of Investigation finds the annual loss from devious activities in the mortgage market totals between $4 billion and $6...
An excerpt from the latimes.com - hat tip to profhoff: If you take mortgage interest tax deductions, the next 100 days could have significant financial implications for you because of Congress' new federal debt ceiling plan. Although the compromise legislation itself...
From sddt.com: As in the rest of the country, housing prices continue to falter in San Diego. As of July, prices rose 0.5 percent in San Diego on a rolling quarterly basis and fell 3.7 percent on a year-over-year basis, according to Clear Capital’s monthly Home Data...
For those who'd like the government to do something for homebuyers, in a backwards kind of way, it looks like a couple of things might happen. First, it looks like any constriction of Fannie/Freddie has been postponed - this from HW: As the debt ceiling talks reached...
From NMN: Mortgage, housing, and even local politicians are stepping up pressure on congressional appropriators to extend the maximum $729,750 loan limit on government-backed loans for another year, fearing that a failure to act will damage already stressed real...
Remember how some thought that rates would skyrocket after QE2 ended in June? From the AP: WASHINGTON (AP) -- Fixed mortgage rates were mostly unchanged this week, inching up from their yearly lows. The average rate on the 30-year fixed loan ticked up to 4.52 percent...
From HW: Government programs aimed at refinancing mortgages for homeowners in negative equity are plagued with disappointing results, long-shot legislation and growing conflicts among regulatory agencies. As of May, 2.1 million mortgages sat somewhere in the...
