Tag Archives: washington post

Biggest Banks Cheating Veterans?

As if America’s biggest banks did not have enough to worry about. Now there’s a damaging Washington Post article containing serious allegations that the country’s biggest banks have been cheating veterans. A lawsuit alleges that the big banks hid illegal … Continue reading

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What is mortgage clearinghouse MERS?

It is the new villain in our housing crisis. It was started in the early 1990s to make the mortgage market more efficient. MERS, according to the Washington Post, is “a central electronic clearinghouse would allow the companies to transfer … Continue reading

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Did You Hear About The 89-Square Foot House?

My apartment is about 400 square feet. I think that is tiny. More importantly, the women I bring over think it is tiny. It is so small that many women don’t feel safe here. It is just too slummy. Too … Continue reading

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Home Prices Fall More Quickly In Big Cities

Home prices have been dropping more quickly than expected in San Diego and San Francisco, cities that saw a steady appreciation in home prices during the first half of 2010. Home prices have dropped in 18 of the 20 cities … Continue reading

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Foreclosures Account For 1 In 4 Home Sales In 3rd Quarter

Home supply greatly exceeds demand, meaning that home prices are headed down at least another 10% on average around America. Home buyer tax credits expired in April and ever since sales and prices have gone consistently down. What I find … Continue reading

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Foreclosed By Mistake

A disheartening number of people have been foreclosed on by mistake. Surely they have a juicy lawsuit in such a situation. How come when people make “mistakes” financially it is always to their advantage? I don’t have a kneejerk response … Continue reading

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Banks Warned To Prepare For Higher Interest Rates

The Federal Reserve has kept interest rates artificially low for most of the past decade. That is what caused the housing boom and bust. Rising interest rates would lower home values and cause more foreclosures, which in turn lower. home … Continue reading

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Wall Street Applauds Home Sales

Home sales were up 10.6% in October. They are up 33% since January. Wall Street is going up in part because of this. I’ve heard lots of stories about bidding wars. I have a friend who spent six months looking … Continue reading

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Bank Repossessions Down In Washington DC

They are still on line to be the highest ever for a year. They will likely pass 2008’s total. There’s been a gangpress to reduce foreclosures which are slashing home values around the nation. These efforts have stemmed the tide … Continue reading

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Dealing With A Low Home Appraisal

If you tell your lender over the phone what your home is worth to try to get a refinance going and then the home is appraised and it is worth much less, you are not likely to get the refinance. … Continue reading

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