Credit
Commentary by Tom Koziol | July 18, 2008In a July 14, 2008 AP article titled: Fed adopts plan to curb shady mortgage practices , Fed chairman Ben Bernanke is quoted as saying: “Although the high rate of delinquency has a number of causes, it seems clear that unfair or deceptive acts and practices by lenders resulted in the extension of many loans, [...]
Credit by Joshua Dorkin | July 11, 2008INDYMAC IS OFFICALLY CLOSED!!! In the past minutes newswires around the country and world are now reporting that the Federal Government has shut down IndyMac Bank and has handed it to the FDIC (Federal Deposit Insurance Corp.) as conservator. Couple the shut down with the Fannie Mae/Freddie Mac troubles, and we’re in for some really [...]
Credit by Charles Feldman | July 2, 2008To just about no one’s surprise, the U.S. Congress failed to act on a foreclosure prevention measure before closing down for the long July 4th weekend. And, some think the Congress won’t do all that much once the weekend is over, either. A New York Times estimate is some 55,000 more homes will be in [...]
Credit by Charles Feldman | May 21, 2008Okay…so what’s wrong with this picture? In communities all across America the value of homes has dropped faster than the New Year’s Eve ball in Times Square. Lower prices should mean bargin prices. Bargin prices should mean people jumping back into the housing market. People jumping back into the housing market should help inflate the [...]
Blogs by Richard Warren | April 14, 2008When we the real estate market return to normal? When will things go back up? When will I be able to get $0 down loans again? How long will it be before I am able to get a loan I can’t afford? When will I be able to go back to flipping my way to [...]
Credit by Richard Warren | March 18, 2008There is a law in physics that says: For every action, there is an equal and opposite reaction. The same is true is a rate cut by the Federal Reserve. Many people get excited when the Federal Reserve cuts a key interest rate. They somehow see this as a magic bullet that is going to [...]
Credit by Milton B. Yates | March 18, 2008You have to love the amount of flexibility there is when running a deal FHA but more often than not, there are too many things left undone that cause major hiccups in the final stages of any transaction. Technically, many of these hiccups are because of the lack of attention to detail on the part [...]
Commentary by Joshua Dorkin | March 14, 2008This week has been an extremely volatile one in the world of real estate and the economy. We’ve seen Gold at $1,000 an ounce, a collapsing dollar, oil skyrocketing, an much more. Of everything that has happened, probably the most shocking is what came out of the Fed this week . . . According to [...]
Commentary by Richard Warren | March 3, 2008Last week President Bush and Federal Reserve Chairman Ben Bernanke both expressed the view that the economy is not headed for recession. With the credit markets in turmoil, housing slumping badly, oil prices soaring, the dollar plummeting and inflation rearing its ugly head, how can they be so optimistic? The reason is simple; they can’t [...]
Credit by Charles Feldman | February 13, 2008If you are a home owner, chances are pretty good you used your home as a sort of ATM with patio chairs in recent years to help pay for all those nifty goodies we Americans love to purchase whether we need them or not. Well, the evidence now strongly shows the party is over! The [...]
Credit by Charles Feldman | February 6, 2008Once upon a time, having sterling [tag]credit[/tag] meant that banks and other lenders valued your business. No more. The [tag]subprime mortgage[/tag] mess is now impacting even those who spent years building up their credit record, because banks are running scared. A just released Federal Reserve study shows that: “About 55 percent of domestic respondents indicated [...]
Credit by Michael Creel | January 30, 2008As interest rates continue to plummet millions of Americans will flock to their lender to refinance and many of those will find that their credit scores prevent them from taking any real advantage of those new low rates. Borrowers that financed when rates were low previously, and their credit scores higher, were able to get [...]
Blogs by Richard Warren | January 29, 2008I see so many people who are just itching to be [tag]real estate investors[/tag]. However, a common theme seems to be “I want to buy and rehab a house but I don’t have any money.” Not only are they lacking funds for investment, they have little or no income and are hopelessly in debt. Then [...]
Commentary by Charles Feldman | January 7, 2008As the never ending presidential debates go on and on and on and on and on and on — and on, it only seems fair to find out what the candidates think about the expanding subprime mortgage/housing/credit/banking/stock market/unemployment/recession crisis (or, SMHCBSMUNRECR, for short) we currently find ourselves in. But, since none of the YouTube questioners [...]
Credit by Joshua Dorkin | May 21, 2007Real estate investors, like everyone else, should be aware of their net worth. This value is extremly important because it allows us to gauge if our complete financial value is increasing or not. The average American doesn’t know how to save money, and typically has a very low net worth; many people even have a [...]
Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.
Joshua DorkinMarty Boardman
Jeff Brown
Chris Clothier
Ken Corsini
Peter Giardini
Jason HansonKevin Kaczmarek
Douglas Lazovick
Jeff Logue
Sharon Vornholt
Richard WarrenMelissa Zavala
Michael Zuber
An Analysis of the Fed’s Plan to "Curb Shady Mortgage Practices"
by Tom Koziol | July 18, 2008In a July 14, 2008 AP article titled: Fed adopts plan to curb shady mortgage practices , Fed chairman Ben Bernanke is quoted as saying: “Although the high rate of delinquency has a number of causes, it seems clear that unfair or deceptive acts and practices by lenders resulted in the extension of many loans, [...]