Tag Archives: la times

Leaving North Las Vegas

There are no resident Alexander Technique teachers in Las Vegas. That made me briefly think about moving there. Then I said, yuck. No way. Who would want to live in Las Vegas? The LA Times reports: In some parts of … Continue reading

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Paralyzed Home Buyers

There’s a disadvantage to being single in the big city. It is easy to go through life thinking there’s always a better deal out there. Yes, your girlfriend is nice and sweet, but maybe you could date a knockout. Someone … Continue reading

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FHA Subsidizing Very Practices That Got Us Into This Mess

The reason we got into this housing mess is that the government massively intervened into the mortgage market to make it easier for people who would not otherwise qualify to find a mortgage. Low downpayments have always been a sign … Continue reading

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How To Modify Your Mortgage

The character traits that it will take to modify your mortgage will also do you well in life — patience, honesty, diligence and persistence. How we handle money is a great tipoff to our character. I hate paperwork. I hate … Continue reading

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Countrywide CEO’s Accidental Email

Report: Apparently Angelo Mozilo, the CEO of Countrywide, has never made a mistake and needed help (from, say, Bank of America,) because he thinks that homeowners who are desperately trying to refinance out of their disastrous home loans and avoid … Continue reading

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Setting Limits On Reverse Loans

From the LA Times: Are you 62 or older, own your own home and thinking about a reverse mortgage? HUD today approved a new national limit of $417,000 for Home Equity Conversion Mortgages (HECMs). This is higher than previous lending … Continue reading

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Home Prices Plunge

From Reuters: Prices of single-family homes declined a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, according to the Standard & Poor’s/Case Shiller national home price … Continue reading

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Massive Mortgage Fraud In CA

Peter Viles blogs for the LA Times: Jerry Brown discovers mortgage fraud News item: California prosecutors have finally brought what they consider to be a major case alleging mortgage fraud. From the L.A. Times tonight: "California authorities said today they … Continue reading

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