Yesterday, I told you about the lending industry’s resistance to mortgage modifications as a solution to the foreclosure crisis.
It turns out that there’s another huge reason for lenders to dislike the use of mortgage modifications:  Mortgage Modifications usually don’t work out.
According to Lender Processing Services, a mortgage payment processor that monitors 39 million of the [...]

Last week, mortgage industry representatives made an interesting admission to lawmakers:
Mortgage modifications aren’t doing the trick.
According to Tom Deutsch, Deputy Executive Director with the American Securitization Forum:  “While critically important and increasingly employed, industry-led loss mitigation initiatives, including loan modifications, are not a panacea for declining home prices, mortgage defaults and foreclosures.”
Just like yesterday’s discussion [...]

I’ve seen reports recently about the stark contrast in availability of financing when comparing traditional lenders to credit unions.  Apparently, credit unions as a group are not suffering from the “credit crisis” like the big mortgage lenders and banks are.
In the interest of full disclosure, note that what I’m sharing with you here is based [...]

If you’re planning to finance any investment property with Fannie Mae-funded loans, be sure to get your transaction closed before December 1, 2008.  This is because Fannie Mae will debut a much higher fee structure for investor loans as of that date.
And these are seriously punitive to investors.  Take a look:

If your down payment is [...]

(Poll of real estate investors near the bottom of this post…)
The economy of the United States is at its best when most free.  The government is at its best (economically) when it guarantees transparency and accuracy and is otherwise uninvolved.
Unfortunately, neither of these are the case at present.
The U.S. economy has been hamstrung by insanely [...]