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SEC Charges Ex Countrywide CEO with FRAUD
Countrywide Fraud? The Securities and Exchange Commission accused Countrywide CEO Angelo Mozilo, 70; former Countrywide CFO Eric Sieracki, 52; and David Sambol, 49, former president, of falsely leading...
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Foreclosure Crisis: Spreading to Prime
foreclosure Crisis: What’s Next for the Housing Market? Remember when the foreclosure crisis began? It was easy to blame the subprime mortgage borrowers for this foreclosure crisis for buying homes...
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Underwater Mortgages
Underwater mortgages help Underwater mortgages is a term that means a homeowner has a mortgage that is more than the value of the house. For example, if a homeowner has a house worth $100,000 and the...
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Will home ownership affect small businesses?
Home Ownership: How it affects small businesses By reducing the roles of Freddie and Fannie in the backing of home mortgages, lending will become a riskier business, qualifying will become more...
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Why You Can’t Get A Home Loan
Why You Can’t Get a Home Loan Here’s the scenario: Home prices are at the lowest rate since the 1990′s. Mortgages are at the lowest rate ever, consistently under 5%. Such a combination of low prices...
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Do We Really Have Record Low Mortgage Interest Rates?
Do These Record Low Mortgage Interest Rates Exist? As a student of the real estate market, I am constantly reading articles and blogs from other prominent sites or well respected individuals in the...
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Mortgage Rates Fall To Lowest Level Since The ‘50s
Low Mortgage Rates Are Hurting the Housing Market It’s been six decades since America has seen mortgage rates this low, however there aren’t many Americans who can afford to take advantage of these...
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What is Owner Financing?
What is Owner Financing and what are the benefits? If you are seeking to participate in a real estate transaction in today’s tough economic climate, then you are strongly advised to understand what is...
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