Tag Archives: first three months

Mortgage Refinance Paperwork Shock

If you refinanced your mortgage prior to 2008 and are now looking at doing it again, you’re going to be in for a shock. There’s a lot more paperwork required. There’s more substantial proof of income required. And in all … Continue reading

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Foreclosures Hit ‘Astronomically High’ Levels

I was out for my morning constitutional in Pico-Robertson. The day was warm. I enjoyed moving. I was reading the Drudge Report on my smart phone. It reloaded and I noticed the top story had changed. It was about the … Continue reading

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Freddie Mac Wants $10.6 Billion In More Subsidies

What’s our total tab now in shoring up Fannie Mae and Freddie Mac? About $200 billion? How much more will we subsidize these losers? What is so special about home ownership that it deserves all these subsidies? I rent. I’m … Continue reading

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California’s Foreclosure Woes

It’s bad in the Sunshine state, as well as in Florida, Arizona and Nevada. In the first three months of 2009, there were twice as many foreclosures in the San Francisco Bay Area as compared to a year ago. The … Continue reading

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Mortgage Lending At Lowest Level In 30 Years In The United Kingdom

I knew things were bad, but that bad? Lenders have clamped down on lending, demanding high standards. The Labor government is ignored. Its political fortunes are tied to the economy which appears headed for recession. Here’s the report: Mortgage lending … Continue reading

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Watch Out For Predatory Lending Schemes

Leslie Berkman writes that law enforcement shut down a variety of unethical lenders this week. Homeowners are warned to be careful about telemarketers who make big promises for mortgage relief. The telemarketing company, Lifetime Financial Inc., lured homeowners throughout California, … Continue reading

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