Tag Archives: rsquo

Finding Mortgage Money

Mary O’Brien writes: That being said, the reality is that there is mortgage money available and most people can get a mortgage today! An important first step in investing in a home is to be pre-approved with a lender. When … Continue reading

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No Rescue Plan?

From the New York Times: The Treasury secretary, Henry M. Paulson Jr., said Sunday there are no plans to use his new authority to inject capital into mortgage companies Fannie Mae and Freddie Mac, which both posted worse-than-expected earnings last … Continue reading

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The CEO Of Merrill Lynch

From the New York Times: Mr. Thain was brought in to Merrill in December, with a résumé to envy. Practically everybody on Wall Street was raising capital at the end of 2007, but Mr. Thain did it with particular flair. … Continue reading

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She Beat Foreclosure

From the New York Times: MAMIE RUTH PALMER isn’t a celebrity. After enduring six years in foreclosure hell, almost losing her home twice, Ms. Palmer has escaped intact. The settlement also eliminated about $12,000 in foreclosure fees added to her … Continue reading

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New York’s Mortgage Crisis

From the New York Times: That, analysts said, has helped Mr. Cuomo essentially circumvent a federal regulatory setup that prevents states from regulating nationally chartered lenders. Under the agreement, they cannot buy a mortgage from a lender unless the home … Continue reading

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Mortgage Brokers Seeing Gloom

Bob Tedeschi writes: NEW YORK’S borrowers could notice a different tone in their discussions with mortgage brokers in coming months, as brokers adjust to a new state law that seeks to stem foreclosures. Among other things, it says that brokers … Continue reading

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Bank Of America’s Takeover Of Countrywide Cleared By Federal Reserve

From the HeraldTribune.com: IN the six months since Bank of America announced its plans to take over Countrywide Financial, many investors have doubted that the $4 billion deal for the hobbled mortgage lender would get done. IN the six months … Continue reading

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Ed McMahon – The Face Of Foreclosure?

From the New York Times: The Times reported this morning that about 1 in 11 people with mortgages face loan problems, a striking yet altogether faceless statistic. Leave it to Ed McMahon, the jovial sidekick to the late Johnny Carson … Continue reading

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Mortgages For Delinquent Borrowers

From the Wall Street Journal: The Chicago Tribune today takes an interesting look today at how HSBC is handling mortgage modifications for delinquent borrowers. Modifications and restructurings, or a permanent redo of the mortgage contract, now represent represent 22% of … Continue reading

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The Dear Seller Letter

Ron Lieber writes: The letters dripped with compliments for the property and ended with a plea for mercy (and a signed contract). Then, I crafted a reply that confident sellers could fire back. No seller would be happy to get … Continue reading

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