July 28th, 2008
The big news from the weekend is that the Senate passed the housing relief bill that has been wending its way through Congress for the past few weeks. And President Bush has promised to sign the bill into law, meaning that soon some folks will see some relief.
But the bill does more than simply bail […]
By miranda -- 3 comments
March 5th, 2008
Warren Buffett has had a busy week. He took his $12 billion offer to reinsure bond insurers off the table, and he took mortgage lenders to task. And he has a good point. After all, with subprime mortgage debt threatening the economy, mortgage lenders have got us into quite the mess.
“But wait,” you say. “Didn’t […]
By miranda -- 0 comments
January 28th, 2008
One of the beefs that many mortgage lenders and the National Association of Realtors have had when it comes to “economic stimulus” has been a lack of attention for the conforming loan limit. Now, that is likely to change.
In all the hoopla surrounding last week’s tax rebate announcement, the fact that the new plan allows […]
By miranda -- 0 comments
December 12th, 2007
The Fed is scrambling to figure out what to do in order to slow (maybe try to prevent) the coming recession. Some would argue that, really, it’s already here. At any rate, the Fed cut a key interest rate yesterday. Because Wall Street was really hoping for a bigger bailout (25 basis points just wasn’t […]
By miranda -- 2 comments
November 16th, 2007
Yesterday, the House rushed to pass their version of a bill that is supposed to stop predatory lending. But the general consensus is this: nobody likes it. Not consumer groups, not the mortgage industry. Well, Inman News reports that some might like it:
Rep. Tom Feeney, R-Fla., called HR 3915 “the landlords and lawyers relief act,” […]
By miranda -- 2 comments
October 24th, 2007
While the predatory lending bill introduced into the House earlier this week does, in fact, show some promise in curbing some of the practices that led to the subprime lending crash, it is somewhat low on education.
Even though mortgage lenders and other creditors, such as credit card companies, do deserve some of the blame for […]
By miranda -- 0 comments
August 30th, 2007
You probably already know that your credit score is important. You know that several factors go into your FICO score, and you know that many people who look at your credit score. And, of course, your credit score is a big deal when it comes to getting a home mortgage. So you need to know […]
By miranda -- 5 comments
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