Entries from March 2010

Bank of America’s FHA flipping policy & principal reduction plan; state ACORN’s shutting down

March 25th, 2010 · No Comments

bank-of-americas-fha-flipping-policy-principal-reduction-plan-state-acorns-shutting-down

 

Yesterday I mentioned the question about whether or not modified loans could still be forced back to the seller for buybacks. Freddie Mac does indeed say that the seller would still need to buy it back after a modification. At the current time, however, there is the belief that sellers continue to be successful in [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

3 Worth Reading: Debt & Tax Charts, Larry Doyle on Deflation Inflation, Oil Usage Chart

March 24th, 2010 · No Comments

      Both charts are outstanding and deserve study. – click to enlarge -  Federal Debt and Taxes: An Overview  – Doug Short – Seeking Alpha ———— MUST READ – America’s Hidden Inflation and How You’re [...]

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Tags: Mortgage Market

Mortgages and Houses: Fewer Homes Good?, Delinquencies, Geithner GSE Future, Gaming CA Foreclosures

March 24th, 2010 · No Comments

  Are Fewer New Homes Good For America? – By Peter G. Miller – We really don’t need more new homes in the sense of supply and demand, but we also don’t want to demolish the homebuilding industry and lose the related jobs and spending.  … The [...]

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Tags: Mortgage Market

Economy and Inflation: Greek Crisis, Crisis 5 Stages, Maybe No Inflation

March 24th, 2010 · No Comments

  The Fed’s Dennis Lockhart Reveals The Three Ways The Greek Crisis Could Hurt The US – Joe Weisenthal – Money Game at Business Insider ———— scary if you read this – It’s the End of the World as [...]

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Tags: Mortgage Market