Summary of the “Housing And Economic Recovery Act of 2008″ Part 2
As provided by the U.S. Senate. Also see Part 1 of Summary of the “Housing and Economic Recovery Act of 2008″ B. Summary of the “HOPE for Homeowners Act of 2008″ The “HOPE for Homeowners Act of 2008″...
View ArticleA New RTC: 3 Focal Points For Real Estate Investors
All of the discussion about a new Resolution Trust Corporation (RTC) is extremely speculatory in nature since there is currently no legislation to support this notion. However, something in the model...
View ArticleShort Sale Investors Suffering From Government Legislation
If there is any single group of people who are uniquely poised to help with the housing crisis, it’s real estate investors focusing on foreclosures, and more specifically those who are short sale...
View ArticleGoing Over Your Lender’s Head
I’ve heard an increasing number of reports about lenders who positively refuse to speak with their borrowers about loan modifications and/or impending foreclosures. I suspect a primary reason for this...
View ArticleWhy The AIG Bonus Debacle Is Critically Important To Real Estate Investors
This issue is of profound importance to real estate investors. Please read every word of this article right now. The current front page news is the bonuses totaling around $165 Million received by...
View ArticlePending Home Sales Up Substantially
Good news on the real estate front: This morning, the National Association of Realtors report that pending home sales are up 6.7%… this is substantially higher than the concensus expectation of...
View ArticleBanks are Being Seized for Real Estate-Related Foreclosures: Maybe 30 Billion...
This past weekend, the FDIC shut down banks in both Nevada and Washington. Carson River Community Bank in Carson City, Nevada and Rainier Pacific Bank in Tacoma, Washington bit the dust late Friday,...
View ArticleTrillion-Dollar Bailout of Fannie and Freddie?
Most of you probably saw this coming, but that does not make it any less unpleasant. Rumors are swirling that on top of the $145 billion the two mortgage giants have already received, the entities will...
View ArticleThe “New Normal”– Soft Tyranny Brings The Worst Environment For The Real...
Thank you for the very vigorous response to part #1 of the “Soft Tyranny” article series. If you missed it, check it out here before reading this conclusion to the 2-part series. As bad as the...
View ArticleTARP Inspector General Steps Down, Cites HAMP
Refusing to participate in a program that he says has put “many of the people it’s supposed to be helping…in a far worse place than they would have been had this program not existed,” Neil Barofsky,...
View Article