The loan modification business must be the only booming industry right now. Unfortunately it's out of control. I believe in the concept of banks working with borrowers to help them stay in their home but these hard times have opened the floodgates to many vultures. These people are generally the
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05/11/2009
In order to stop higher mortgage rates, outrageous appraisal fees and long delays, please sign this petition and forward to all in the real estate/mortgage industry. Your help and pressure on the banks and the Fed will get rid of this stupid program. Also, there is talk of expanding it to FHA lo
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05/05/2009
CNBC Washington correspondent and real estate reporter did a great job or reporting on the HVCC that was implemented today.Here is the report:Home Valuation Code of Conduct: Fix or Fraud?Posted By:Diana OlickBut don’t talk to an appraiser or a mortgage broker about it, or you’ll get an earful. Mo
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05/01/2009
Great news! I am happy to report that we are now able to do loans with the new and updated Fannie Mae mortgage limits! Those of you in the LA and Orange counties along with the Bay Area, you can now get the higher loan amounts for fixed and ARMs! For some ridiculous reason people on Philadelphia
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04/20/2009
By Alan J. HeavensInquirer Real Estate WriterThe deepening recession took a big bite out of second-home sales in 2008, the National Association of Realtors reported yesterday.The economic downturn hit the vacation-home market hardest, with sales down 30.8 percent, to 512,000 units from 740,000 i
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04/02/2009
Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months. Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however. Homeowners bu
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03/26/2009
As I predicted on a CNBC interview...In a story out of CNNMoney, in the five months since it has been in effect, the $300 billion HOPE program has helped exactly one homeowner to avoid foreclosure, and has received only 752 applications.Congress appropriated money for this program. Let's have Con
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03/26/2009
Toll Brothers has done it again! Someone could not get a mortgage because of the time lag and change in mortgage requirements so they kept their entire deposit! Read the full story at http://tr.im/hH7e and then come back and comment. Couldn't they take back a second mortgage for the difference be
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03/23/2009
Pennsylvania Small Business Energy Efficiency Grant Program The Department of Environmental Protection announces an upcoming grant opportunity for small businesses undertaking energy efficiency projects. The Small Business Energy Efficiency Grant Program provides a 25% matching grant, to a maximu
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03/23/2009