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 [...]

If you were expecting the $700 Billion bailout plan to mean that the government might purchase some home loans and in so doing stabilize the real estate market, think again.
This has some significant ramifications for investors and best strategies - please pay close attention!

Treasury Secretary Hank Paulson held a press conference last week during which [...]

You may recall an article I published a few days ago concerning the strength of credit unions through the financial crisis.  An article I read today brought this issue to my attention again…
Apparently, regulators in the federal government are not happy about the success of credit unions, and they aim to throttle the profitability of [...]

On Friday, I posted an article about unemployment among tenants, and how to preemptively address the huge difficulty that brings for landlords.
And as always, the best thing about this blog was not the article I posted, but the comments you left.  There was a vigorous discussion among a number of experienced landlords versus a couple [...]