You all know that I am not a fan of government interventions, nor government regulations that are absolutely insane, such as the new HUD GFE. I am all for government regulations that actually do what they are supposed to do, which is to protect the consumer and give them good, solid guidance on h
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12/21/2008
What a relief this will be for many homeowners. This afternoon, the IRS sent out the following in the IRS Newswire... "The Internal Revenue Service today announced an expedited process that will make it easier for financially distressed homeowners to avoid having a federal tax lien block refinanc
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12/16/2008
There has been a lot of brew-ha surrounding the 4.5% mortgage rates Treasury Secretary Henry Paulson stated was his desire as another {senseless} effort to boost the housing market and ultimately the economy. Real estate and mortgage bloggers, hell any blog that wanted to get some action, was pos
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12/16/2008
As I was pondering what I could write about today, it dawned on me that it may very well be time to bring back my post on ActiveRain where I showed that the fact Telenovelas were being used to educate Hispanics on home ownership was forecasting the destruction of the mortgage market. I did that o
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12/09/2008
I am glad to see that there are many more mortgage professionals taking a step out there and providing mortgage market commentary. While many are simply rehashing what they receive in scripts emailed to them, some have managed to truly demonstrate expertise and provide their own insights, someth
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12/09/2008
Florida Mortgage Rates have reached the lowest they have ever been on a 30-year fixed rate mortgage, as mortgage rates have dipped to just 4.5%, falling below even the lowest rates seen in 2003. Now, more than ever, homeowners should be rushing to refinance or purchase homes as these rates may ne
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12/05/2008
Ever notice how Obamanation, a term being thrown around a lot, sounds eerily similar to abomination? OK, we won't dwell on that, but let's look at Barack Obama's past and how his actions speak for him more than his words. Then we will relate them to how that equates to an increased need for using
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11/05/2008
The "F-bomb" is all over the internet and even being played up by the media today. No, I am not talking about that one, rather the "FEAR" factor. You cannot hardly turn on the TV, radio, or even computer without getting hit by news that the DOW is down over 700 points for the 8th straight day.
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10/10/2008
These days, all you have to do is read the paper or turn on your TV and you will think that your money, especially your investments, are rapidly becoming worthless. Even many of the so-called financial gurus, such as Suze Orman, are telling you to get out of the markets, especially if you "feel"
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10/06/2008
If you have been reading the Florida Mortgage Report for a while, you undoubtedly have read some of the posts about home equity and how easily it can be wiped out in a disaster. Every year as hurricane season approaches, I inform readers to make sure their home equity is prepared and protected, s
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09/17/2008
