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This blog contains selected content from REWealthCoach.com, a blog for realtors and investors containing news, tips, opinion and strategies for making it in today's real estate world.
RECENT BLOG POSTS
In an effort to trim its supply of REOs Fannie Mae has initiated a program to help finance investment property. Through the HomePath program resident-owners can qualify for a 3% down payment loan; 2nd home buyers can qualify for a 10% down payment program; investors can own Fannie Mae property wi...
08/02/2010
The Governors of the Federal Reserve Bank are showing a mixed bag of opinions on what should be done to further stabilize the U.S. economy. On one hand, the President of the Dallas Federal Reserve, Richard Fisher, has indicated that he believes the Fed has done enough to stabilize the economy. On...
08/02/2010
Freddie Mac is under the gun to remove non-performing property from its rolls. The GSE has lost $84.4 billion since mid-2008 and has recently been de-listed from the New York Stock Exchange. Freddie Mac has resolved to relieve itself of non-performing property any way it can, including stepping u...
08/02/2010
In this tight credit market many potential buyers are so credit-challenged that the only ways they can expect to purchase a house is through Seller participation. There is one big hitch: unless the Seller is a licensed mortgage broker, the property is their homestead, or the Buyer is a close rela...
08/02/2010
A couple of stories in the news this past week document attempts by state and federal officials to crack down on housing-related fraud. A Treasury Department audit showed that 1200 prison inmates received homebuyer tax credits. Penitentiary return addresses were one of the big tip-offs. Treasury ...
07/08/2010
he government reported that federally regulated banks and thrifts are showing improved delinquency rates through the first quarter of 2010 as more mortgages are being paid on time. The drop occurred over all types of loans—prime, Alt-A, and subprime, according to the regulating agencies’ Mortgage...
07/07/2010
Economic pundits are saying there’s a good chance of another recession. According to Weiss Research analyst Claus Vogt (http://www.moneyandmarkets.com/two-leading-indicators-pointing-to-another-recession-39482), two major indicators are pointing to recession. The Conference Board’s Leading Econom...
07/07/2010
The five hardest hit foreclosure states have been granted extra funds to help homeowners who face foreclosure in these states. Arizona will use $125.1 million for loan modifications, including principal reduction, assistance to eliminate second mortgages, and assistance to the unemployed and unde...
07/07/2010
The major world financial leaders met in Canada last week and agreed on the tentative nature of the economic recovery. They disagreed somewhat on what to do about it. On warnings from the Bank for International Settlements (BIS) about countries falling further and further into debt, many of the m...
07/07/2010
Fannie Mae has issued new rules for lending to those who have strategically defaulted on a mortgage in order to stem the increasing tide of loan defaults by those who can technically afford to hang in there. Those who walk away from a mortgage or fail to work in good faith on a mortgage loan work...
07/07/2010
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This blog contains selected content from REWealthCoach.com, a blog for realtors and investors containing news, tips, opinion and strategies for making it in today's real estate world.