Tag Archives: Financing

RGJ Publishes Dem Campaign Document

The RGJ published this breathless AP article proclaiming how great the new GM is and how much profit it made this past year. The profit was $7.6 billion, a new record for GM. But there seems to be another concern. … Continue reading

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Fannie Mae Increases Mortgage Help for Unemployed Borrowers

Fannie Mae followed Freddie Mac by issuing new guidelines for unemployed homeowners facing foreclosure.  An unemployed homeowner can receive as much as twelve months forbearance. The servicer can approve an unemployment forbearance term of six months without obtaining Fannie Mae’s … Continue reading

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Fannie Mae and Freddie Mac Reduce Maximum Loan Size

Fannie Mae and Freddie Mac will cut the size of loans they buy from lenders effective October 1. It will force many future borrowers into jumbo loans.  Jumbo loans are more expensive and harder-to-get than conventional loans. The Freddie and … Continue reading

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Obama Proposes Refinance Plan for Mortgages

The White House is contemplating a scheme for mass-refinancing for homeowners currently with government-backed mortgages so they can refinance at today’s lower interest rates. The Obama regime hopes that if the plan happens consumers would experience lower mortgage bills and … Continue reading

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The Best and Worst States for Business

Do you ever wonder which of the fifty (or fifty seven) states has the best environment for business? The web site, Chief Executive.net has the rankings, base on a survey of more than 500 corporate CEO’s. As we can probably … Continue reading

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Distress Homes Drive Down the Real Estate Market

According to CoreLogic the abundance of distressed homes is dragging the rest of the real estate market down.  Conventional sellers must compete with the large numbers of short sales and REO’s. What I wonder about is how could CoreLogic need … Continue reading

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B of A to Separate Loans Into Good and Bad Portfolios

Bank of America will separate about half of its loan portfolio into a “good bank”and a “bad bank.’   The bad bank will contain the worst performing loans, such as more than 60 days delinquent, and sub prime loans, and will … Continue reading

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