Tag Archives: sheila bair

Keeping Risk-Retention In Mortgage-Backed Securities

One of the reasons for the dramatic housing crash of 2007-2008 was that many of the parties originating mortgage loans had no incentive to see to it that such loans were repaid. Instead, they processed as many mortgages as they … Continue reading

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Did Big Banks Cut Corners On Foreclosure Paperwork?

For all the massive mainstream media coverage of this story, I’ve yet to see evidence that a large number of people who made their mortgage payments on time were kicked out of their homes. For all the evidence I’ve seen, … Continue reading

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Government Intervention To Stem Foreclosures

From Boston.com: A group of Bay State religious leaders and community activists will meet today in Washington, D.C., with officials from President-elect Barack Obama‚Äôs transition team, the Treasury Department and members of Congress to push for more loan modifications to … Continue reading

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FDIC Revamps Proposal

Report: The Federal Deposit Insurance Corporation (FDIC) proposed on Friday to spend $24 billion of the $700 billion bailout package to help 1.5 million households avoid foreclosure. This new plan is a mild deviation from the FDIC’s $40 billion incentive-based … Continue reading

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MYTH: The More You Put Into A Property, The Higher The Return You’ll Get

Here are some tips from the book Foreclosure Myths: You’ve heard that improvements to kitchens and bathrooms tend to pay off. Items like wine cellars, dedicated gyms, tennis courts and swimming pools seldom yield anything close to a good return … Continue reading

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MYTH: Property Has To Be In Good Shape To Get Financing

Here are some tips from the book Foreclosure Myths: A good loan for a lender is a loan made to a borrower who demonstrates both the ability and willingness to repay that loan. Your current financial situation determines your ability … Continue reading

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Assuming The Owner’s Home Loan

Here are some tips from the book Foreclosure Myths: Lenders may want you to assume the loan. Lenders don’t want to foreclose. They want to make loans, collect fees and collect payments. They don’t want to incur the time and … Continue reading

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Using FHA & VA Financing To Buy Foreclosures

Here are some tips from the book Foreclosure Myths: You can use government-backed financing to buy a foreclosed home if you play by the rules: * FHA and VA financing requires you to live in the home * The process … Continue reading

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Zero Coupon Financing

Jack Cummings writes the book Real Estate Finance & Investment Manual: Zero coupons are a function that stockbrokers and bond dealers use. The essence of this kind of financial transaction on the stock or bond market is the instrument sold … Continue reading

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Use As Much Of Your Own Money As Possible

Here are some tips from the book Foreclosure Myths: Novice investors fear borrowing money. They don’t want to risk losing someone else’s money and having that person get mad at them. As a result, they make bad decisions. They’ll cash … Continue reading

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