Lenders Buy Back Faulty Loans

    Fannie Mae and Freddie Mac are enforcing more buy back provisions, requiring Bank of America, JP Morgan Chase, and others to reacquire loans whose underwriting was poorly managed, leading to  higher home owner defaults.  Over $300 billion in late paying mortgages is a wake up call as auditors search files for loans approved where denial was in fact indicated.
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Loan Modifications Need a Bailout

Loan Modifications have attempted to be the silver bullet solution for distressed home owners late in their payments, hopeful of renegotiating with their mortgage companies or banks. That’s plural since the vast majority of homeowners have both a first and second mortgage, compounding the success strategies. Avoiding foreclosure is the core value. However, Loan Mod’s [...]

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National Builders 2010 Forecast

   The National Association of Home Builders (NAHB) gathered this week in Las Vegas for their annual summit of the latest innovations in home building products and  market trends discussions, although this year’s event is significantly dominated by economics, political factors, and the recovery  outlook for 2010. There was agreement that recovery will be sporadic and [...]

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2009 Denver Real Estate Summary

The average patient in a 325 bed hospital has a blood pressure of 130/105, a temperature of 99.3 degrees, 175 lbs. , height 5- 07 “, and generally in recovery. What does that tell you about any particular patient? Absolutely nothing of course. Among the 28 ice cream choices at Baskin Robbins, what is the average flavor and how does [...]

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