“…into a snowball effect.”
Karen Mann, a San Francisco Bay area appraiser, said this, and she is talking about home valuation for the purpose of refinancing. A whole article on BusinessWeek today talks about the glum and gloomy outlook for overleveraged home owners.
After all, why would anyone want to refinance, if it wasn’t for the purpose of [...]
“The abundance of foreclosures has turned…
March 12th, 2008 · 2 Comments
Tags: foreclosure · investing · lending
Lenders Reduce Principal?
March 7th, 2008 · 1 Comment
Foreclosures, banking and housing woes are front-page news almost every day these days. The subject has caught up with the War In Iraq as the most important battle in public attention.
Today’s WSJ discusses the prospect in it’s lead article that lenders could be compelled by the Feds to reduce principal balance on troubled loans where [...]
Tags: banking · foreclosure · lending
