Lenders are upset

Lenders are upset

They say that the rules brought on by the Consumer Financial Protection Bureau go too far in insisting that lenders verify borrowers ability to pay. A new government agency called the Consumer Financial Protection Bureau has been created to protect consumers from...

FDIC keeps settlements quiet

The FDIC made clandestine deals with banks to settle cases where the banks mislead everyone by creating and selling bad loans thereby creating the mortgage meltdown. Millions of dollars have been paid out in hush hush deals. Since 2007 471 banks of failed. The FDIC...

Loan Defaults

Even¬† though credit loan defaults hit new lows, mortgage defaults are once again rising. This is surprising since it had been falling for quite a while. Let’s see what happens. read the story...

The government is against investors

Its bad enough the federal government wants to cripple us with onerous regulations. They want to raise our tax rate, capital gains rate and reduce deductions. When you see how the fiscal cliff negotiations come out, make sure you read the fine print. If they agree not...

California jobless rate falls below 10%

Finally!!! The jobless rate is now 9.8%. Is anyone surprised? We all knew it was only a matter of time. Housing is helping since so me much of our economy is tied to real estate. Hedge funds are helping with housing. They have to use escrow and title agents and hire...