News

 

Thanks for stopping by to see what is new.

 

This is a must read article on JP Morgan Chase Bank. The time is coming for modifications.

 

Bair Floats Idea of Loan Guarantees to Boost Modifications

 

Hope Now program

 

Self Inflicted Gunshot Helps Homeowner Avoid Foreclosure

 

Bank of America has Agreed to the Nation’s Largest Loan Modification Program of Countrywide Predatory Loans

 

Countrywide to Set Aside $8.4 Billion in Loan Aid

 

Hope Now: Workouts, Foreclosure Sales Slow

 

State Regulator’s Group Finds Loan Mitigation Efforts “Disappointing”

 

A Bill Encouraging to Distressed Homeowners, but Its Reach Is Unclear

 

Bailout Plan Is Only One Step on a Long Road

 

Citigroup to buy Wachovia banking operations

 

Regulators Said to Broker Rescue of WaMu

 

Buffett Calls Bailout Bill ‘the Right Thing’

 

Tight Lending Blamed for Existing Home Sales Slip

 

Home Sales Drop 10.7%

 

FHA Moves to Stop “Buy and Bail”

 

How Three Economists View a Financial Rescue Plan

 

Democrats Begin to Set Own Bailout Terms

 

WaMu Could Be Prepping For a Sale

 

Wachovia merger speculation heats up

 

Fannie, Freddie collapse could help borrowers

 

Housing Bailout Revives Depression-Era Policies

 

U.S. Foreclosures Hit Record in August as Housing Prices Fell

 

How housing bill helps banks, not taxpayers

 

We will have no shortage of business!

 

Very interesting article about WAMU.

 

Housing bust is boom for ‘board-up’ specialists!

 

Big Payments Are Expected in Credit Default Swaps! For your education. 

 

Takeover May Help Home buyers,

Hit Fan-Fred Shareholders

 

Fed Expected to Hold Steady on Rates

 

Home-Sale Forecast Deteriorates

As Pending Home Sales Decline!

 

Mortgage Giants’ Future: A Rebuild or a Tear down?

 

Wamu fires CEO!

 

Wamu on the brink of collapse!

 

The courts in New York are behind homeowners, protecting them against sub prime lenders!

 

Merrily Lynch in financial trouble again. They must buy back more bad loans. This is good for the homeowners as we can get more principal reductions done for our clients.

 

Countrywide in trouble again, you need to read this article to get an insight to the lenders thoughts, unreal! 

 

This is a must read article on Countrywide and Bank of America!

 

Option ARM clients need help now!

 

According to this article, we will not have a shortage of business.

 

Great story from the New York Times about a man vs. Countrywide!

 

Housing prices likely to drop another 20%-30% before we use a change in the market!

 

This is a must read on foreclosures!

 

Housing sales jump 43% but prices dropped over 40%. Prices are continuing to drop even while people are snapping up the bargains. Check out this article!

 

It may be a while before we see the bottom of the value crash. Check out this article!

 

The problem is not just in CA. This article ask the same old question “should I let my house go back to lender because I have negative equity?” Check it out!