by Phyllis Rockower | Dec 12, 2012 | Economic News
The housing market has finally improved and it looks like the worst is behind us. However if the Washington dummies fail to resolve the fiscal cliff, housing is in trouble. Fiscal cliff could cost the U.S. two million jobs next year and cause the unemployment rate to...
by Phyllis Rockower | Sep 18, 2012 | Economic News, Foreclosure Updates, Housing News
Prices are really jumping because of the shortage of homes available and the big hedge fund dummies buying up everything. However, i am concerned. This is not a natural progression. Usually prices increase when income increases. This is not why prices are increasing....
by Phyllis Rockower | Sep 11, 2012 | Housing News
Fannie mae and Freddie mac have come up with new rules.: As reported by the LA Times, Fannie and Freddie have finalized their new “streamlined” short sale guidelines effective Nov.1st. Here are the highlights of the finalized criteria: Fannie Mae and Freddie Mac will...
by Phyllis Rockower | Jul 19, 2012 | Housing News, Uncategorized
According to Diana Olick of cnbc, foreclosures are down because of all the regulations imposed by states, especially CA. Now banks have to show proof of loan ownership before they can foreclose. That’s tough since the loans were “sliced and diced”....
by Phyllis Rockower | Jul 10, 2012 | Housing News
Homeowners receiving loan modifications for their primary residence (and noted on their credit report); are now being treated as short sellers by Fannie Mae…even if the homeowner was never late on their mortgage. In other words: A responsible homeowner, who made their...
