Posts tagged as:

lending

Commentary

What Is The Real Reason For The $700 Billion Bailout?

by Rob K. Blake | October 11, 2008

I promised you last week after outlining my belief the “frozen credit markets” was a contrivance by Fed Chairman Ben Bernanke and Treasury Secretary Hank Paulson, I’d spill the beans on why the dynamic duo wanted to lay their hands on $700 Billion since it wasn’t needed to thaw out anything.
So here goes..and I warn [...]

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Mortgages & Lending

Who is Left to Invest in Real Estate?

by Troy Schuricht | October 9, 2008

As the financial markets melt down will there be anyone left to invest?  Or better yet, are there any lenders available to finance investment properties?
I received this email today from a client and I feel that is important for a couple of reason, both which we will get to later.
Hi Troy,
I was wondering if [...]

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Credit

Who Needs Regulators: Banks Establish $70 Billion Loan Program to Protect Liquidity

by Joshua Dorkin | September 15, 2008

Update: The Dow ended up closing down 504 points for the day
The past 24 hours have been about as chaotic a time as Wall Street has seen since Black Monday or possibly the Great Depression. Here are a few highlights:

We’ve seen one of the top investment banks fail to secure a bidder and file [...]

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Foreclosures

Feds Will Not Freeze Foreclosures

by Rob K. Blake | September 14, 2008

Now that the government controls the GSEs (Fannie Mae and Freddie Mac with their $6 Trillion dollar mortgage portfolios, they could freeze all foreclosure actions dead in their tracks. That is exactly what a group of Senators including Bob Casey, Charles Schemer, Robert Menendez, and Sherrod Brown asked the new GSE conservator, FHFA Chief, [...]

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Commentary

How Three Commercial Mortgage Brokers Saved My Backside!

by Rob Powell | July 26, 2008

Greetings from a jam-packed airplane headed North. I am on my way to go Walleye fishing in South Dakota. I am not an avid fisherman by any means and I have no idea how to fish for Walleye….but off I go to make new friends and to reconnect with another.
Anyways….
As [...]

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Financing Real Estate

Real Estate Investors – Learn Where to find Portfolio Lenders

by Troy Schuricht | July 17, 2008

Last week I spoke about why Portfolio Lenders are important to investors, but the bigger question may be how to find them.   
Tracking down a financing source is never an easy task.  Many individuals have no idea where to start so they usually talk to there personal bank first.  While the likes of Wells Fargo, Chase, Bank of America and more [...]

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Housing

Fannie Mae & Freddie Mac: What Will The Feds Do?

by Charles Feldman | July 11, 2008

Fannie Mae and Freddie Mac, combined, own or back up some $5 trillion dollars of debt. That is about half of ALL the mortgages in the U.S. They have already lost some $11 BILLION since the current mortgage/credit crisis began, so it is easy to see why there is profound concern about their fiscal health–or [...]

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Financing Real Estate

Why Portfolio Lenders are Important to Investors

by Troy Schuricht | July 10, 2008

Mortgage loans can be come from a variety of sources, private individuals, banks, mortgage brokers, mortgage bankers, credit unions, etc.
Investors need to understand that in most cases these lending sources are not actually making their own capital available for a mortgage. Instead, they are acquiring or borrowing the funds from another party. Pension fund, [...]

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Mortgages & Lending

The Tragic Dance of Mortgage Lenders and Borrowers

by Richard Warren | June 23, 2008

    
Hoisted by their own petard!  This 16th century expression is an apt description of what happened to both lenders and borrowers in the recent mortgage meltdown and burst real estate bubble.  A petard was a crude explosive device used in medeival times to breach castle walls and doors.  These bombs would frequently blow up [...]

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Economy

Declining Home Value + Increased Cost Of Gas = Major Headache

by Charles Feldman | June 18, 2008

In deciding whether to buy a home in a distant suburb, you may want to sit down and do some hard and honest calculating about the cost of gas for your commutes–a cost that is going up at the same time housing values are going down in many parts of the nation.
It is ironic, of [...]

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Housing

Alt-A Loans: The Crisis Yet To Come?

by Charles Feldman | May 20, 2008

Last week, a member commented on my weekly post that he thought the next great crisis, following the current one caused in large measure by subprime mortgages, will come to us via something called Alt-A loans. And, he just may be right!
Alternative to grade-A prime loans..or Alt-A loans..unlike subprime loans, were dished out to folks [...]

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Commentary

A Realtor’s Road to Baghdad

by Michael Creel | April 15, 2008

Taking responsibility sometimes requires one to find an alternate path in life. I often hear and read stories about people “walking away” from their financial obligations and responsibilities simply because it’s not in their best interest to honor them, or it’s simply become to stressful.

As a Realtor, I’ve certainly not been immune to the [...]

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Credit

FHA Flexibility May Not Be Worth the Time!!!

by Milton B. Yates | March 18, 2008

You 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 [...]

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Credit

Lenders Taking Steps to Improve Image Problems

by Joshua Dorkin | December 9, 2006

In an attempt to improve their image problems (Note: all lenders have image problems thanks to a little thing called the real estate bubble), Wells Fargo has implemented a program that actually benefits consumers! They have targeted the sub-prime lending market, which has been a source of increased concern for consumer groups and now, [...]

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Economy

California “Dream” Goes Bad For Thousounds Of Homeowners

by Charles Feldman | October 26, 2006

For years, the advice to many on the East Coast was to head west to seek their fame and fortune, not to mention real estate deals and good housing.
But, according to an article in the Napa Valley Register, the foreclosure rate in California has hit a four year high.
Lending institutions sent out almost 27 [...]

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