Interest Rates

If An Economy Crashed In The Woods And No One Cared, Would It Make A Sound?

by Richard Warren | March 31, 2008

Could you imagine driving by a bad car wreck without looking? Could you imagine other drivers whizzing by without gawking at the carnage? Neither can I. Yet, that is exactly what seems to be happening with the economy. Sure, everyone knows about the foreclosure mess and mortgage crisis because the news outlets feast on these [...]

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Economy

Consumers Worried; Home Prices Down; Trillions in Losses; Any Good News? Well…

by Charles Feldman | March 26, 2008

How about some good news for a change about real estate, mortgages, credit, jobs, consumer confidence, Wall Street stability, the future of civilization as we know it? Sorry, not gonna get it here. Evidence is evidence and though some may like to engage in wishful thinking, the evidence is not good at all. Goldman Sachs [...]

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Credit

Fed Rate Cut – The Good, The Bad & The Ugly

by Richard Warren | March 18, 2008

There 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 [...]

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Commentary

Are They Serious? Fed Takes Mortgage Debt as Collateral, Bear Stearns Gets Bailout, and President Bush is Confident in the Economy!

by Joshua Dorkin | March 14, 2008

This 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 [...]

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Interest Rates

Financing a Fourplex Real Estate Investment Property

by Troy Schuricht | March 13, 2008

I am asked for advice all the time about financing, and particularly financing for multi-unit investment properties. As I give advice, I outline specific goals of the individual investor and the intent of the property. The multi-unit properties I would like to address are fourplexes, triplexes, and duplexes. These multi-unit properties can be financed as [...]

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Economy

Real Estate Crisis Worsens and Takes the Rest of the Economy Down with it!

by Charles Feldman | March 12, 2008

If someone were to have said, say a year ago, that there would be a crisis in the subprime mortgage market that would lead to world-wide economic chaos, that person would no doubt have been laughed at. Sadly, though, that is exactly what has happened and the evidence just this week is overwhelming. But, before [...]

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Housing

The Transformation of Stated Income Loans

by Troy Schuricht | March 6, 2008

Stated income loans have been a touchy subject for many regulators trying to blame some one for the mortgage meltdown. Some individuals go as far a calling these loans “liar loans” because in a number of instance the income was inflated. Right or wrong there is a need for stated income loan. Self-employed individuals see [...]

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Interest Rates

What Can Investors Negotiate with Mortgage Loan Officers?

by Troy Schuricht | February 29, 2008

Negotiating the terms of your loan can be as important as negotiating the sales price of your new investment property. Interest rates and closing cost a huge part of cash flow and return on investment, with the proper due diligent and negotiations, investors can be rewarded on every real estate transaction. What can actually be [...]

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Flipping Houses

10 Questions on Hard Money Loans

by Troy Schuricht | February 21, 2008

What is the process for Hard Money Loans? Hard Money Loans provide Investors access to capital to purchase investment properties. They can fund quickly, typically within 72 hours of receiving the final docs from the Title Company. Hard Money is available for adequately collateralized loans on single-family residential houses and other Real Property including commercial [...]

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Interest Rates

Investors, Say Hello to Fannie & Freddie

by Troy Schuricht | February 14, 2008

Fannie Mae & Freddie Mac Mortgages Nearly every Bank, Credit Union, Mortgage Banker and Mortgage Broker can offer the loan products backed by the federal charted companies Fannie Mae and Freddie Mac. Investors that have good credit, can document income and are ready to put money down can acquire a loan from either Freddie or [...]

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Interest Rates

How investors can take advantage of the Feds rate reduction!

by Troy Schuricht | February 7, 2008

While the Fed Funds Rate reduction does not directly affect mortgage rates it does have an impact on the interest rates investors utilize. When we read in the paper about how the Fed has slashed interest rates, the rate that has been cut is the lending rate between banks and other depository institutions. As the [...]

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Economy

Why Interest Rate Drops May NOT Be a Good Thing

by Joshua Dorkin | January 21, 2008

In a recent post on our forums, one of our members noted that she was hoping for a major drop in [tag]interest rates[/tag] from the [tag]Federal Reserve[/tag]. Richard Warren, one of our resident bloggers and real estate geniuses had a great bit of insight on the situation that I thought merited sharing: Don’t be so [...]

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Housing

The Federal Reserve Has A Movement

by Charles Feldman | December 19, 2007

The Fed Moved! Freaking amazing when you think about it. The first few words to appear in the first paragraph of an updated New York Times posting are :” The Federal Reserve moved…” Now this may seem like a fairly benign statement until you consider this: Had the Federal Reserve moved say, six or seven [...]

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Interest Rates

Fed Takes Huge Step to Stop Bleeding – Announces Major Rate Cut

by Joshua Dorkin | September 18, 2007

The Fed just announced that it would be cutting the federal funds rate by 1/2 point to 4.75 percent. This is the first reduction in four years and will affect everything from credit cards to adjustable rate mortgages. Clearly this major cut is indicative of how bad the Fed thinks the economy is. It will [...]

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Commentary

Nation’s Largest Lender to Slash 12,000 Jobs

by Joshua Dorkin | September 7, 2007

The nation’s largest lender, Countrywide, tonight announced that in an effort to cut costs and essentially save the company, it would be cutting 12,000 jobs. The cuts, amounting to as much as 20 percent of its work force, are needed because the company expects new mortgages to fall about 25 percent in 2008 from this [...]

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