Tag Archives: Economy

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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Fannie Mae Discloses that it Pushed Foreclosures Over Mods

Posted on August 16, 2011 by admin

Tweet It appears that Fannie Mae lied and was pushing foreclosures instead of loan modifications as they had originally insisted. Fannie Mae has released papers and internal memos indicating that the government-controlled GSE has been pushing its lenders to opt … Continue reading →

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Are Reno Home Prices at the Bottom?

Posted on June 25, 2011 by admin

Tweet Have the home prices finally hit the bottom?  The question arises on a regular basis and the answers seem to be as reliable as a weather report.  But remember, people have been predicting the bottom from as long ago … Continue reading →

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Couple Battles Wells Fargo Bank

Posted on May 10, 2011 by admin

Tweet Here’s an interesting story about a couple taking on Wells Fargo.  The accused Wells Fargo of funding a home here in Reno based on a fraudulent appraisal which inflated the value of the home by $200,000. From my vantage … Continue reading →

Posted in Economy, Financing, Foreclosure, Fraud, Mortgage Fraud, Nevada, Reno Real Estate | Tagged , , , , | Leave a comment

Strategic Defaulters: Fair Isaac Has Your Number

Posted on April 26, 2011 by admin

Tweet The further along we get int this foreclosure debacle, and the lower we see the home prices fall, the more likely we will encounter a strategic default. A strategic default is when a homeowner can afford to make the … Continue reading →

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Corporate Taxes and General Electric

Posted on March 30, 2011 by admin

Tweet Now, we see this story about GE, yes, that General Electric, America’s largest corporation. What do you mean, GE? Well, GE is tight in  bed with Obama. Why would GE do that? GE, like many corporations is completely amoral. … Continue reading →

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