by Michael David White Soft demand for existing homes pushed up inventory to a record 12.5 months of sales and easily broke the previous high of 11.3 months scored in April 2008. By this basic measure, the price of homes may reasonably be expected to fall at [...]

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  (HAMP) Dropout Rate Surging in Taxpayer-Funded Mortgage Fix Program – The Obama Administration’s mortgage modification program is seeing an increasing dropout rate, with 96,025 additional cancellations out of payment-reduction trials reported for July – that leaves about 52 percent of the 1.3 million targeted borrowers in [...]

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  must read (about weakness of MERS) Homeowners’ Rebellion: Could 62 Million Homes Be Foreclosure-Proof? – Ellen Brown – … The more recent cases, however, are looking at something more serious. If MERS is not the title holder of properties held in its name, the chain of [...]

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The interesting thing about “mortgage banking” is that it is not a discipline taught in school to youth. It is not like chemistry or psychology, or animal science, etc., that one can major in. It includes aspects of many different things, like finance, sales, marketing, psychology, accounting, and so forth. The skills and knowledge of [...]

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