lender
Commentary by Charles Feldman | July 23, 2008Here are some mighty strong words: “The subprime lending debacle has caused the greatest loss of wealth to people of color in modern U.S. history.” That is the conclusion of the lead author of a new report by United for a Fair Economy, Amaad Rivera, as quoted in an excellent article in the Christian Science [...]
Housing by Joshua Dorkin | July 22, 2008The Associated Press is reporting today that Wachovia Bank, the nation’s fourth largest bank in terms of assets, will be shutting down it’s mortgage lending division. “Wachovia Corp. lost $8.86 billion in the second quarter, and said Tuesday it was slashing its dividend and cutting 6,350 jobs after losses tied to mortgages soared.” In addition, [...]
Mortgages & Lending by Charles Feldman | June 11, 2008Watch out. The home mortgage crisis may be about to belt you in the face and you may not even be aware the blow is coming. A truly frightening article in the New York Times about the “shrinking lines of credit” and what it may mean for homeowners–and we are not talking about homeowners facing [...]
Mortgages & Lending by Troy Schuricht | June 5, 2008There are two major player in the lending industry right now, Freddie Mac and Fannie Mae, both of these companies are very important because they more or less dictate the rules and guidelines for lender and banks across the USA. Freddie Mac recently released a guideline change – “We are revising our requirements for Investment [...]
Commercial Real Estate by Mike Farmer | May 27, 2008The importance of financing is so great it pays to leave nothing to chance and assumption. Knowing the local lenders and what they like to invest in is critical to finding the right lender for your investment project. Also, presenting a compelling case to the lender is important. These two aspects lay the foundation for [...]
Commentary by Jim Watkins | May 24, 2008Minneapolis on the Decline: A Case Study I have been following a fraud case that the city of Minneapolis has played a major role in. To be more exact, the Minneapolis City Council has been a driving force behind it. North Minneapolis has long been considered a high crime area and that part of Minneapolis [...]
Flipping Houses by Richard Warren | March 10, 2008You’ve been hunting for that perfect rehab deal like a Neanderthal stalking a mighty Mastodon. You’re sure you’ve found it. The after repair value and renovation costs will allow for a hefty profit. You should even be able to set a price that will result in a quick sale when the rehab is complete. There [...]
Foreclosures by Joshua M. Marks, Esq. | December 10, 2007For thousands of homeowners across the country saddled with adjustable-rate mortgages, 2008 promises to be a financially challenging year as interest rates begin re-setting thereby drastically increasing monthly mortgage payments. It is this problematic course of events in the residential market that has seen the number of foreclosures skyrocket over the past several months, with [...]
Commentary by Joshua Dorkin | September 7, 2007The 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 [...]
Housing by Joshua Dorkin | December 8, 2006In the current housing bubble, hundreds of thousands of people, if not millions got themselves into risky mortgages. Often times people will not realize that they cannot afford their home until it is too late! If you’re having problems paying your mortgage and you want to refinance, do it before falling behind or making that [...]
Blogs by Joshua Dorkin | September 14, 2006Blogs can be very effective communication tools for people in all areas of real estate. Real Estate Agents, Lenders, Investors and other professionals in this field can all benefit from blogging. Here’s a few ways to add to your success by blogging. First, I wanted to mention a few important keys: – Focus on Your [...]
Real Estate Investing by Joshua Dorkin | August 26, 2006Dewita over at Urban Trekker covered Seven Ways to Accumulate a Down Payment earlier this week. Her list included: 1. Have your parents give you the money as a gift. 2. Borrow against your 401K or insurance policy. 3. Sell or borrow against an asset. 4. Obtain low point or zero point loan. 5. Ask [...]
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 Grote
Clay Huber
Kevin Kaczmarek
Douglas Lazovick
Ziv Magen
McKellar Newsom
Brandon Turner
James Vermillion
Sharon Vornholt
Melissa Zavala
Michael Zuber
The Neediest Get Hurt The Most In Mortgage Crisis
by Charles Feldman | July 23, 2008Here are some mighty strong words: “The subprime lending debacle has caused the greatest loss of wealth to people of color in modern U.S. history.” That is the conclusion of the lead author of a new report by United for a Fair Economy, Amaad Rivera, as quoted in an excellent article in the Christian Science [...]