ARCHIVED BLOG POSTS
2008
Congress on Saturday passed a landmark mortgage rescue plan that is expected to help hundreds of thousands of struggling homeowners. The housing bill, which passed the Senate this weekend, includes a $300 billion program to allow homeowners trapped in loans that they can't afford to refinance th...
07/28/2008
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IndyMac has now become the 2nd largest banking failure in history. IndyMac specialized in a type of mortgage that often required minimal documents from borrowers and became the fifth U.S. bank to fail this year. IndyMac will reopen fully today as IndyMac Federal Bank under Federal Deposit Insur...
07/14/2008
Many of the agents I work with have asked me about the so-called 'bail-out' programs that may be coming for homeowners and how will this affect our businesses and more importantly the lives of homeowners in distress. Secretary of the Treasury Henry Paulson has started to classify what is going ...
07/14/2008
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AGENTS AND HOMEBUYERS: If you have any borrowers or transactions with loans pending with IndyMac you need to look at second options or get them closed now. If you don't have a back up approval get one immediately regardless of what your rep tells you, we have seen this before and you cannot let...
07/08/2008
