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Archive for April, 2012

2012 FHA Mortgage Guide Now Available
By April 30, 2012 0 Comments Read More →

2012 FHA Mortgage Guide Now Available

Ever wonder how FHA mortgages really work — but don’t want spend a month memorizing a 400-page manual? Instead, the 2012 edition of the The Quick & Dirty Guide To FHA Mortgages is now available, a clear and short explanation of the FHA program, how it works and how to qualify. And it’s all in […]

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Is The Foreclosure Slowdown Ending?

Is The Foreclosure Slowdown Ending?

The foreclosure slow-down which started in late 2010 with the unfolding of the robo-singing scandal has begun to reverse in a majority of major cities. The latest RealtyTrac report for the first quarter of 2012 shows that foreclosure activity increased from the previous quarter in 114 of the nation’s 212 metropolitan areas with a population […]

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Will Mortgage Rates Get Worse?

Will Mortgage Rates Get Worse?

Will mortgage rates get worse? People have been asking that question for some time and the results are fairly surprising: During the past year rates which were low in 2011 are lower still in 2012. Figures from Fannie Mae show that fixed-rate, 30-year, mortgage loans are now available at 3.9 percent. That’s .90 percent less […]

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Why The Buffett Rule Is Just A Start

Why The Buffett Rule Is Just A Start

Should the incomes of the rich and famous be taxed on the basis of the Buffett Rule? That’s the latest question on the political front, a question which explains just how distorted our political conversation has become. The Buffett Rule would tax incomes of $1 million or more at the rate of at least 30%. […]

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Foreclosure Activity Tumbles To 5-Year Low, Says RealtyTrac

Foreclosure Activity Tumbles To 5-Year Low, Says RealtyTrac

Foreclosure filings fell in the first quarter but the mortgage and housing crisis is hardly over. RealtyTrac, the leading source of foreclosure data and listings, says that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 572,928 properties during the first quarter, down 16 percent from the same period in 2011. “The low […]

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2012 FHA Mortgage Insurance Premium Changes

2012 FHA Mortgage Insurance Premium Changes

The FHA is breaking out a new schedule for mortgage insurance premiums. The new rates will be higher for some borrowers — but lower for others. First, a little background. The FHA has been with us since the 1930s. It popularized the concept of long-term financing at a time when most home mortgages were just […]

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Top Banker Explains Mortgage Meltdown, Foreclosures

Top Banker Explains Mortgage Meltdown, Foreclosures

Profits were up at JP Morgan Chase in 2011, but no less important candor continues on a high level. In his 2011 annual letter to shareholders, Chairman and Chief Executive Officer Jamie Dimon looks at the mortgage crisis, explains what went wrong and how Chase got involved. JP Morgan Chase, it should be said, did […]

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Trayvon Martin Case Casts Financial Shadow on Homeowner Associations

Trayvon Martin Case Casts Financial Shadow on Homeowner Associations

Even if George Zimmerman is never charged or convicted in a criminal case related to the death of Trayvon Martin, the events in Sanford, FL should remind homeowner associations nationwide that in such contentious cases they may face liability claims that could cost million of dollars to defend. Martin died of a gunshot wound Feb. […]

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American Chopper Hits A Roadblock

American Chopper Hits A Roadblock

After a long and successful run, American Chopper hit a speed bump last week with the construction of a “modern” muscle car. The effort by Paul Teutul Jr. to customize a Camaro centered largely on his successful build-off bike and the addition of silver panels and rivets to the vehicle’s hood and sides. But as […]

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