February & March Buyers: Have 08 Returns for Lender
Thursday, February 19th, 2009 Posted in Mortgage Information | No Comments »If you are anticipating buying a home in the next two months, you might have an addtitional reason to get a jump on preparing your 2008 tax returns. With lenders getting increasingly strict with income and asset documentation, it's a ...
Obama’s Homeowner Affordability and Stability Plan released
Wednesday, February 18th, 2009 Posted in Financial Markets, Mortgage Information, San Diego Housing Market | No Comments »The Obama Administration has released the Homeowner Affordability and Stability Plan, which the Administration hopes will help as many as 9 million homeowners in danger of foreclosure. There are three main components to the plan. The first is aimed at ...
Bad Banks good for you?
Wednesday, January 14th, 2009 Posted in Financial Markets, Mortgage Information, San Diego Housing Market | No Comments »In the ongoing effort to free up liquidity in the financial markets, the Fed has pledged taxpayer money to fund (I will call them suicide) banks that will by and hold the toxic assets that are currently plaguing banks . ...
Subprime Mortgage Fallout
Tuesday, March 6th, 2007 Posted in Mortgage Information | No Comments »The sh*t is hitting the proverbial fan as concerns about the subprime mortgage fallout grows worse. Subprime giants HSBC Holdings and New Century are projecting worse than expected losses as a result of defaults. The blame can be put on the ...