Compounding current housing woes are Internet scammers who create distrust among already wary consumers. Stop foreclosure companies known as "Loan Mitigators," were problematic for consumers until they were virtually put out of business online several years ago, followed closely by loan modificat
...
02/11/2010
Here are a few scenes of the snow around my house in east central Pennsylvania. We got about 8 inches only, but neighboring areas got 20 inches (Harrisburg) and parts of Maryland hit 30 inches. We are snowed under! But while many agents might be using this as a good excuse to turn off the phones
...
02/07/2010
The FTC has proposed a rule that would ban upfront fees for loan modifications nationwide. Hallelujah. hopefully this is not to little to late! Per the rule, companies offering such services would have to wait until after receiving a documented offer from the loan servicer or mortgage lender to
...
02/05/2010
President Obama said the Homeowner Affordability and Stability Plan will "help between seven and nine million families modify or refinance their mortgages." Who are these families and why does mortgage modification make sense for them? Homeowners with Traditional Mortgages One part of the plan wi
...
02/05/2010
FICO stands for Fair Isaac & Company. Credit scores are reported by each of the three major credit bureaus: TRW (Experian), Equifax, and Trans-Union. The credit score does not come up exactly the same with each credit bureau because the bureaus each place a slightly different emphasis on differen
...
02/05/2010
By Andrew Zarowny To paraphrase Colonel John “Hannibal” Smith (of the A-Team), “I love it when a story comes together.” Well, I don’t really LOVE it as it’s a sad story. The past week has been an interesting one in unraveling the economic debacle of our nation’s financial system, with particular
...
02/04/2010
The January 2010 Mortgage Monitor report, released by Lender Processing Services, Inc. (NYSE: LPS), a leading provider of mortgage performance data and analytics, showed that home loan delinquency rates in the U.S. have now surpassed 10 percent. Factoring in foreclosures in process, according t
...
02/04/2010
The Clock is Ticking...Extended and Expanded Tax Credit Expires 4/30/10 For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts as huge tax credits are about to expire. Here are important details for you to know: Tax Credit
...
02/03/2010
I get investors calling daily that they want to buy something, the uglier the better. They want to buy low, fix it up and flip it. Now we know when investors are buying, it must be a good time for anyone to buy. Interest rates are still low, so now is the time to sell. If you are an agent and
...
02/03/2010
They know they'll stay alive..... FHA announced January 20, 2010 some additional policies: WASHINGTON - Federal Housing Administration (FHA) Commissioner David Stevens today announced a set of policy changes to strengthen the FHA's capital reserves, while enabling the agency to continue to fulfil
...
02/03/2010
