Scott Skinner's (scottskinner) Blog

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Mortgage and Lending - Liberty One Lending
RECENT BLOG POSTS
Detroit and Atlanta were the only cities outside California, Florida, Nevada and Arizona to make RealtyTrac's list of the 20 hardest-hit metropolitan areas. Six states -- California, Florida, Arizona, Ohio, Michigan and Nevada -- accounted for more than 60 percent of all foreclosure activity in t...
10/23/2008
The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday. Nationwide, nearly 766,000 homes received at least one foreclosure-related notice up 71 percent fr...
10/23/2008
Another Day, Another Bad headlines (mortgage appliations at 8-year low) and Another stock market crash. The major indexes each lost more than 4 percent, including the Dow Jones industrials, which is ending down 560 at the 8,469 level after being down as much as 698 points in the final half hour o...
10/22/2008
An old story that is getting a lot of headlines as we try to dig ourselves out of a real estate depression is that  nearly one in six U.S. homeowners are finding themselves in the same position, "under water" --she owed more on her mortgage than her house was worth - - a situation more and more A...
10/22/2008
I often get asked by homeowners who are having difficulty selling their home, can they buy another home prior to a successful sale. The common trend recently has been to rent your existing home and purchase a new home using the rental income from you existing home to offset a portion or all of th...
10/20/2008
Here are the new and improved reasons to buy a home if you have been on the sidelines. 1) This easing of credit, effort to stimulate the Real Estate market along with the inference of reduced risk to a company whose priority is to make money for its shareholders is a good sign. 2) Interest Rates ...
10/20/2008
Treasury Secretary Henry Paulson said Monday that you should make money. What a novel idea versus what taxpayers normally do. Pay money!! government purchases of stock in banks represent an investment that should eventually make money for the taxpayer. Paulson said the government will own shares ...
10/20/2008
the market acknowledges that this is going to be a long drawn out process. However, we are on the right path. investors took signs of easing in the credit markets as evidence that government measures to revive the battered financial system are taking hold. Investors shaken by extreme volatility o...
10/20/2008
Here are some of the names of publicly traded Homebuilder stocks and their New York Stock Exchange traded symbols. Pulte Homes (PHM), KB Homes (KBH), Lennar (LEN) , Centex (CTX), Beazer (BZH), DR Horton (DHI), Toll Brothers (TOL) Further, there are some Real Estate Market ‘Related' stocks that ar...
10/14/2008
Are we headed to 0 % or ZIRP (Zero interest rate policy?) Not since the 1930's, (after the Great Depression) have we had ZIRP monetary policy. However, I am hearing it more and more... and it may not be that far-fetched, since we have seen rates drop 2 points about 2 months, , another 2 ¼ points ...
10/14/2008
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