Tag Archives: treasury secretary henry paulson

Will Homeowners Benefit From The Bank Bailout?

Will the US Federal Reserve and Treasury Department do something to stem foreclosures? Congress wants them to. But what can be done? Why should people who bought more house than they could afford get subsidized? Why subsidize bad decisions? You’ll … 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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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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Living in the House You Flip

Here are some tips from the book Foreclosure Myths: Successful investing takes time. If you buy a foreclosed property and do the repairs yourself, you’re burning your time. You can reduce your costs by living in the home you flip. … Continue reading

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Sheila Bair Getting Mad Props

Will Sheila Bair become the Treasury Secretary? Bair was the FDIC to play a bigger role in this mortgage mess. Politicians want bold and dramatic action and Bair has a plan to give it to them. Bair has had an … Continue reading

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The Heart of the Foreclosure Crisis

Alan Zibel writes that almost 3,000 Americans a day lost their home through foreclosure over the summer. That’s more than twice the rate of a year ago. This problem is a lot worse than initially thought. About four million homeowners … Continue reading

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Reforms Needed To Get Us Out The Mortgage Mess

Harry Rosenfeld writes for SeattlePI.com about the Treasury’s dramatic intervention into the economy. The Treasury is going to buy mortgage-backed securities that the free market does not want. Without this intervention, banks were teetering on the edge of bankruptcy and … Continue reading

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Expect More Bank Takeovers

The WSJ says: WASHINGTON — The federal government’s $250 billion plan to bolster U.S. financial institutions is aimed at persuading healthy banks to lend again, but it’s likely to foster further consolidation in the industry, with some banks already saying … Continue reading

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