Monthly Archives: March 2010

FHA Chief Warns Against Increasing Downpayments

Low downpayments make it easier for people to walk away from loans. Low downpayments were a key ingredient in all the fancy new mortgages that fueled the housing boom and then bust over the past eight years. The government keeps … Continue reading

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Over One Million Enroll In Obama’s Mortgage Modification Scheme

Only 170,000 have completed the paperwork, while 1.1 million home owners have begun the process. The program is having a tiny impact on America’s high rates of foreclosures. Las Vegas is hard-hit by foreclosures but fewer than 4,000 homeowners have … Continue reading

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Higher Interest Rates On The Way

We’ve had easy money since 2005. It got us into this housing mess. We’ve kept the Fed policy of easy money to try to get us out of the housing mess. The surge in the stock market is a direct … Continue reading

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