RECENT BLOG POSTS
It's clear to say that the meltdown that the sub-prime mortgage market caused to the U.S. economy and other national economies was one of the biggest financial stories of the year. At the beginning of the year not many people outside of the mortgage industry knew what a sub-prime mortgage was, le...
12/27/2007
The nationwide mortgage meltdown of 2007 spurred some of the biggest news stories of this year, affecting homeowners and big corporations in Missouri. Option One Mortgage Corp., a Kansas City based mortgage company, specialized in sub-prime mortgage loans got caught in the meltdown that claimed d...
12/26/2007
While Montana has avoided the brunt of the sub-prime meltdown, Montana will not escape the problem all together. Stats show that Montana is well below the national average for just about every category related to the sub-prime mortgage meltdown but homeowners still feel the pains of declining hom...
12/26/2007
 Homeowner's with an adjustable rate mortgage in the state of Massachusetts were granted $125 million fund to refinance their mortgage loan before their mortgage rate increases. The banks participating include Citizens Bank, Sovereign Bank, TD Banknorth, Webster Bank and Bank of America.The Feder...
12/20/2007
U.S. Treasury secretary Henry Paulson visited K.C. Tuesday to discuss the mortgage relief plan that is designed to help homeowner's with predatory mortgages keep their homes. "While home prices in Kansas City did not increase as much as in other parts of the country, appreciation has slowed to ab...
12/19/2007
Amid one of the worst US housing slumps in decades, the Fed is racing to tighten up the rules governing home loans. Some of the proposed rules are directed towards sub-prime mortgages which are responsible for the surge in home foreclosures.Mortgage fraud has also played a big role in the decisio...
12/18/2007
The mortgage meltdown has hit Colorado hard, so hard that the officials at the state capitol are calling it an "epidemic". After the first nine months of 2007 Colorado had already set a new foreclosure filing record with over twenty-eight thousand nine hundred, which is four hundred more foreclos...
12/18/2007
The main purpose of a mortgage broker is to give consumers options by shopping mortgage rates and programs to keep the larger banks and mortgage lenders competitive.  So why is it that the government wants to blame these same mortgage brokers for the mortgage meltdown?The reason why mortgage brok...
11/08/2007
Home sellers all across the nation are feeling the down turn in the real estate industry.  I believe as professionals in the industry we need to be aware of the concerns that these folks are having.For the past 10 months, Dave and Angela Hruby, have had their home in Edina, MN up for sale.  They ...
10/03/2007
Selling a home in Minneapolis, St. Paul or surrounding suburbs is starting to look like an almost impossible mission.  With homeowners in over their heads, there is little help for them when their rate adjusts and mortgage payments become un-affordable.Tuesday October 2nd, 2007, WCCO News reporte...
10/02/2007
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Jeremy Redlinger

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