Are Mortgage Brokers Vanishing?
Image by TheTruthAbout… via Flickr
I caught this quote over on LeadCritic.com (a blog about mortgage lead generation):
we have slowed for 2 reasons – the first is that all the leads we had purchased in the past are finding us again – or we are finding them – so no need for “new” leads, but more [...]
Foreclosures Drop, False Promise
Foreclosure Rates Down
RealtyTrac reports a strong 7 percent drop in November foreclosure rates, but pause the rejoicing. There are lots of foreclosure abatement programs at work here. And there is emerging bad news on the loan modification front, OCC reports greater than a 50 percent redefault rate with six months.
Delinquencies on loans not yet in [...]
Loan Modifications Primer for Mortgage Industry
If you don’t know loan modifications you are going to have a hard time surviving this mortgage business cycle. Despite all of the appealing government assistance and FHA mortgage refinance programs, banks and now the government is settling into massive programs to streamline loan modifications for troubled homeowners.
Here is a quick primer on loan [...]
The Obama Mortgage Market Edition
TARP II-A Better Troubled Asset Relief Program
Will Obama focus on building a “better” TARP? One that looks more like the original Paulson plan, zeroing in on setting a price on the seed of the mortgage meltdown–”troubled assets?” Notably a portion of the TARP acronym, but reprioritized immediately out of the gate to a bank recapitalization [...]
Greenspan on Housing Market, US Inflation Jumps, Foreclosures Rapidly Rising Too
WSJ: Greenspan Reflects on the Bottom of the Housing Market, Fannie/Freddie Bailout, and Immigration?
Former Federal Reserve Chairman, Alan Greenspan tries again to call the bottom of the housing market in an interview timed around the release of the paperback version (equipped with a new chapter defending his record) of his recent book. He give sound [...]
Banks Stocks, Falling Home Prices, Countrywide Option ARMs, Foreclosures in CA, and Nehemiah Mounts Web Campaign
WSJ: Bank Stocks Drop Anew Amid Worry Over Falling Home Prices
Bank balance sheets may hold even more unpredictable losses in the REO portfolios as repeat home sales continue to slow and housing prices continue to drop. The true market losses are hard to estimate as there is little relevant historical data around this type of [...]
