As the Credit Crunch Spreads to More Alt-A Lenders, This Will Become More Common
The sub-prime market was the first to experience the crunch but it is certainly not the only sector.
American Home Can’t Fund Loans, May Liquidate Assets
By Bradley Keoun
American Home Mortgage corporate offices in Irving, Texas
July 31 (Bloomberg) — American Home Mortgage Investment Corp. shares plunged 89 percent after the lender said it doesn’t have cash to [...]
What is Your Opinion of Real Estate Investors?
No, it isn’t a trick question.
No, I’m not trying to sucker people into a bash-fest.
Yes, I am a real estate investor.
Yes, I am serious. I’d really like to know what your opinion of real estate investor is and how you came to that opinion.
Yes, I know the trolls will likely try to have their fun [...]
Latest Foreclosure Data
U.S. foreclosure filings surged 58% in H1 2007, with California skyrocketing 170% and Florida up 77%, according to foreclosure data company RealtyTrac Inc. A total of 573,397 homes were subject to some form of foreclosure filing in the period, including default notices, auctions and repossessions. Homeowners with adjustable rate mortgages (ARMs) whose monthly payments have [...]
Emails Like This Are Nice To Receive
I woke up this morning to a a bunch of email to scan through. That is not unusual but this email was. I have included the text without the signature.
Tim, thank you for putting me in touch with the Sub2 Brothers. They were able to help me get my recent investment fiasco straightened out. I [...]
I’ve Thought About This A Lot…
I debated whether I would even comment about it other than the response I gave to the person who sent the private message to me. But, here goes…
First a tiny bit of background. Earlier this year I quit charging for a piece of analysis software for real estate investors. It is a really great tool [...]
I Wonder How Many People Know the Historical Significance of Today, July 20?
I’ll give you a hint, the event making it historic happened less than 40 years ago and almost ended in tragedy.
The Latest CPI Numbers Continue to Give the Fed Breathing Room on Rates
The core CPI numbers released are still relatively stable and point away from a rate increase in the near term. Of course energy prices and other volatile commodities continue to cause concern but so far the Federal Reserve shows no interest in reacting prematurely.
However, we need to keep Bernanke’s words from his March testimony before [...]
This is One of the Most Common Reason Real Estate Investors Give Up
The pitfalls: Mr. Ellis faced two major problems as a landlord. The first, he says, was not screening tenants thoroughly — he was forced to evict two tenants. In retrospect, he says he should have worked harder to find better tenants instead of rushing to fill vacancies with renters who ultimately [...]
Now THIS Is Funny!
Dog vs. Cat Diaries…
http://mydarndog.com/dogcatdiary.html
Both a dog and a cat share our home and I can certainly relate to this!
50% Have Gone Out of Business
The Mortgage Bankers Association is reporting a 50% reduction in the number of loan originators from the peak of the sub-prime boom time.
50% reduction!
This is actually a very good thing and is part of the shakeout needed to start to get the industry back on track.
But, 50% is not enough, it is very likely we [...]
