Here is a great video that explains and illustrates the changes in the mortgage industry through the real estate bubble, and now back through the downturn of the market. Among other things, it’s a perfect illustration of why you need alternatives to conventional financing right now. One great alternative is “Temporary Seller Financing“. Knowing about [...]
The Impact of Changing Lending Criteria
October 22nd, 2008 · No Comments
Fannie and Freddie Takeover to Ease Woes
September 8th, 2008 · 1 Comment
Will the Fed’s takeover of mortgage giants Fannie Mae and Freddie Mac help investors and home buyers?
Well, it might. The takeover is designed to shore up liquidity of the largest mortgage purchasers so that loan originators don’t get stuck with their newly originated loans.
In many cases, loan approval for qualified buyers was slow because loan [...]
Tags: Fixer · REO · banking · foreclosure · investing · lending · market
April Fool’s Foreclosure Collection…
April 1st, 2008 · No Comments
I can’t believe we’ve already hit the second quarter of this year… Are you setting yourself up for remembering 2008 for all the right reasons? Here is a run down of noteworthy foreclosure blurbs for the week:1. It seems that lenders have little left to hide among federal relief plans and in-house foreclosure ”work-out” schemes. This [...]
Tags: foreclosure · investing · market
