All Posts Tagged With: "banks"
What are foreclosure brokers?
It used to be that foreclosures were rare events. About .5 percent of all home loans were foreclosed in a year, a figure which reached 4.58 percent in the fourth quarter of 2009 according to the Mortgage Bankers Association.
The huge foreclosure surge has not happened everywhere — some areas have seen vastly more foreclosures than [...]
Tales Of A Big Bank Refugee
In the eyes of big banking I am a sinner of the first magnitude. My offense is not over-drafts or bounced checks, but rather the undeniable fact that I am self-employed.
I last held a job in 1971, and since then have managed to cobble together a reasonable existence as an author and consultant. Clients and [...]
Real Estate: Banks Excluded From Robo Call Ban
Robo calls are now largely banned, unless the caller has written permission to phone you.
“American consumers have made it crystal clear that few things annoy them more than the billions of commercial telemarketing robocalls they receive every year,” says Jon Leibowitz, Chairman of the Federal Trade Commission. “Starting September 1, this bombardment of prerecorded [...]
Appraisal Worries Really About The Future
Tim writes and points to a number of problems he sees with the Home Valuation Code of Conduct (HVCC). Fair enough. Let’s look at what he offers:
>>>Instead of a majority of valuation assignments going to appraisal managment companies we now have virtually ALL assignments being controlled by these joint venture arrangments. Notice how the market [...]
Should Borrowers Be Represented In Washington?
There are so many lobbyists in Washington that you can hardly find a parking space. It’s great to have competing interests, but one interest with no real or effective representation are those who borrow.
We have lobbyists for real estate brokers, mortgage bankers, mortgage brokers and banks, but name the organization that represents you? Where are [...]
Since When Are Appraisal Conflicts Okay?
On RealTalk, a listserve with some 30,000+ agents and brokers, several relate that they have had bad experiences under the new Home Valuation Code of Conduct (HVCC) concept, something which only began May 1st.
Why is anyone amazed? Combine a new and different program with a huge number of interactions and there are certain to be [...]
The “Consumer” Protection Panel That Isn’t
It was with some fanfare that the Federal Reserve announced that it would create a Consumer Advisory Council to provide advice regarding issues from a public perspective.
Now you might think, aha, a Consumer Advisory Council…wouldn’t that be a panel which consists largely or entirely of, er, well, consumers?
You might think so, but the Federal Reserve [...]
How To Get A Successful Loan Modification (With Obama Update)
Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make loan modifications more likely than at any point since the financial meltdown began.
For much of human history mortgage lenders have [...]
Can You Profit From The Real Estate Meltdown?
Hardly a week goes by without the announcement that some major bank has just succeeded in raising billions of dollars in new capital from hedge funds or overseas investors. Given the huge sums being invested in U.S. banks you have to wonder what they’re doing with such new dollars. One good use might be to [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
Should We Postpone Foreclosures?
A huge outpouring of contributions and caring have followed Hurricane Katrina, evidence of both generosity and decency that should be applauded. But each day the impact of Katrina becomes less newsworthy and we will soon be back to business-as-usual. The legal and financial system will rapidly come into play, and with normality needless levels of [...]
19Aug2008 | Peter G. Miller | 0 comments | Continued
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