by Phyllis Rockower | Jan 2, 2013 | Economic News
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...
by Phyllis Rockower | Dec 24, 2012 | Economic News
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...
by Phyllis Rockower | Dec 21, 2012 | Economic News
I told you that our housing downturn would only be short lived and that it ALWAYS comes back.(remember i told you in 2005 that it was going in the toilet) One of the things i predicted was that the american dream would never die- owning your own home in the greatest...
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 | Nov 30, 2012 | Economic News
It’s even tougher than ever to get a 3.5% FHA loan. You are more likely to fall into the traditional 10% down.. To get the lower downpayment your fico would have had to be 701 on average. Lenders have grown increasingly concerned about aggressive regulator...
by Phyllis Rockower | Nov 28, 2012 | Economic News
Aren’t we lucky to have such status. The article talks bout 4 kinds of mortgage fraud. 1. Property value fraud where values are inflated. Huh! I don’t see this happening in L.A. are all. In fact just the opposite. Appraisers are frequently under valuatin....
