by Phyllis Rockower | Nov 18, 2012 | Housing News
Because they insured the banks against loss if the loans went bad, they had to pay off a lot of money. Like any insurance company, if you have to pay out more than you collected in insurance premiums, you are in trouble. That is what is happening to FHA. Since 2007,...
by Phyllis Rockower | Sep 14, 2012 | Economic News
But there is a new wrinkle. This time its open ended. No expiration date. Talk about inflationary. This is something new for the Federal Reserve read the...
by Phyllis Rockower | Aug 30, 2012 | Housing News, L.A. Times Real Estate, Real Estate News
Ca entered into an agreement with the top 5 banks to give more loan mods in return for end robo signing investigations. The banks are: 1. Bank of America 2. Chase 3. Citigroup 4, Ally 5. Wells Fargo The banks get financial credit for doing short sales and loan mods....
by Phyllis Rockower | Aug 27, 2012 | Real Estate News
As if it was not bad enough that the mls is rigged, the appraisal system is also. We have been hearing for a long time that deals are falling through because of low appraisals. Now the consumer protection bureau wants to get involved. They want it to be law that you...
by Phyllis Rockower | Jun 25, 2012 | Uncategorized
New federal law is making it mandatory that banks shorten the time that they take to give you an answer to a short sale.(of course, i wonder what the penalty is) Laws are great if they have teeth. Otherwise, it’s just so much hot air. Oh well, let’s be...
