Tag Archives: Economy

Freddie Mac Lied to the Nation

Posted on February 17, 2012 by admin

Tweet If you ever bought or even tried to buy a short sale you are aware of the problems and difficulty in completing the transaction.  You might have wondered, “how could the banks be so obstinate?” We now learn that … Continue reading →

Posted in America, Economy, Foreclosure, Fraud, Government, Mortgage Fraud, Politics, Real estate news, Short Sale Fraud | Tagged , , , , , | Leave a comment

Foreclosure Activity Likely to Increase This Year

Posted on January 27, 2012 by admin

Tweet We can expect a large increase on foreclosure activity this year. At least, that’s what the LA Times thinks. Foreclosure activity has been suppressed because the lenders have been focusing on getting their act together. Here in Nevada they … Continue reading →

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Reno Makes another Worst of List

Posted on January 27, 2012 by admin

Tweet Here’s another “best of”, “worst of” list and Reno wins another prize. It may not be the prize that Reno would like on its resume although it’s not necessarily our fault. It is not just a story about Reno … Continue reading →

Posted in America, Economy, Government, Nevada, Politics, Reno, Reno Real Estate, Sparks, Unemployment | Tagged , , , , , , | Leave a comment

Would You Catch a Falling Knife?

Posted on January 18, 2012 by admin

Tweet The question arises, has the real estate market bottomed out? And is this a good time to buy? Can you compare buying real estate today to catching a falling knife? If you ever wanted to see a super analysis … Continue reading →

Posted in Economy, Financing, Foreclosure, Real estate news, Reno Real Estate, Sparks Real Estate | Tagged , , , , , , | Leave a comment

Unemployed Borrowers Get Break from Fannie Mae

Posted on January 14, 2012 by admin

Tweet New guidelines from Fannie Mae followed similar guidelines from Freddie Mac on forbearance for homeowners that are unemployed and facing foreclosure. The loan servicer can grant six months forbearance without the GSE’s approval. If the borrower is still unemployed … Continue reading →

Posted in Economy, Financing, Foreclosure, Government, Real estate news, Reno Real Estate, Unemployment | Tagged , , , , , , | Leave a comment

Mortgage Interest Rates at Record Low

Posted on December 23, 2011 by admin

Tweet The rate on the 30-year fixed mortgage reached a new record low of 3.91 percent. This marks the third new low this year. The 15-year fixed mortgage rate, remained unchanged at a low of 3.21 percent. The exceptionally low … Continue reading →

Posted in Economy, Financing, Nevada, Reno, Reno Real Estate, Sparks Real Estate, Unemployment | Tagged , , , , , , , | Leave a comment

Has the Housing Market Hit Bottom?

Posted on December 9, 2011 by admin

Tweet Luxury home builder, Toll Brothers entered the Seattle market by buying CamWest development. So what does this mean for Reno, and why should we care? Motley Fool takes this as a sign that we are now at the bottom … Continue reading →

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How Hard is it to get a New Mortgage Loan?

Posted on December 9, 2011 by admin

Tweet Is it really hard to get a mortbgage loan? Some folks think so, but is it really the case? According to stan Humphsries, it”s acturally easier today than it was in 2000 or 2006. In 2000, 54 percent of … Continue reading →

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Nevada Ranks # 46 in List of Best Run States

Posted on December 4, 2011 by admin

Tweet Here’s another one of the “Best of” and “Worst of” lists that must fill journalists need for “product.” This time it is ranking the best of and the worst of the 50 states according to their arbitrary opinion. These … Continue reading →

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Bank of America Will Accept Back-up Offer in Short Sale

Posted on August 17, 2011 by admin

Tweet One of the problems with short sales is the amount of time they take to complete, often as much as 4 to 6 months, or more. The typical retail buyer is not willing nor able to wait around that … Continue reading →

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