Just Home Mortgages

AP - Word of mouth is one of the most common ways homebuyers and sellers find a real estate agent. Now, there are several Web sites that tout a more scientific approach: ranking agents based on criteria such as years of experience, how many sales they’ve closed, and the number of positive testimonials from past clients.

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• 04.03.08: Consumer bankruptcies leap in February (Reuters) (0)
• 13.02.08: Morgan Stanley to shed 1,000 jobs in mortgage downsizing (AFP) (0)
• 29.04.08: Housing prices drop at fastest pace ever (0)
• 05.08.08: Pricing Engines Gain Prominence (0)
• 23.12.07: Asia's Money Talked in 2007, Humbled West Walked: William Pesek (Bloomberg) (0)

• Tags: real estate agent, homebuyers, word of mouth, testimonials

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AP - Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state.

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• 14.02.08: Moutaintop near ‘Hollywood’ sign for sale (0)
• 06.08.08: Treasury hires Morgan Stanley on Fannie, Freddie (AP) (0)
• 23.03.08: BoE, Fed deny mortgage security buyout plan (Reuters) (0)
• 18.03.08: GSEs near deal to issue stock, get capital (Reuters) (0)
• 04.12.07: Foreclosure gridlock threatens economy (0)

• Tags: acute distress, thrifts, housing market, regulators, southern california

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This week Bill welcomes Attorney James Graham to the “Your Home-Your Money, Mortgage & Real Estate Radio” program to discuss the importance of using a Real Estate Attorney for your home purchase or sale. Tune in this Saturday at 9AM CST on Madison’s 1670AM!

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• 30.08.08: EPISODE129 - Buying a home "As-Is"; what are you getting into? (0)
• 15.12.07: #98 - Home Inspection for the Holidays! (0)
• 23.02.08: EPISODE108 - Home Refinaces and Purchases (0)
• 26.01.08: EPISODE104 - Fed rate cuts & home mortgage rates. (0)
• 09.08.08: EPISODE125 - 5 Mistakes to avoid in a Home Purchase. (0)

• Tags: money mortgage, radio program, 9am, real estate, james graham

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Goldman Sachs affiliates completed the acquisition of $900 million in subprime loans and mortgage servicing assets from Popular Inc., an announcement said. Mission Capital Advisors LLC reported that it has brokered the sale of $11.4 billion in loans during the past year. The company recently offered seven portfolios for more than $700 million.

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• 26.08.08: Homebuyers urged to seize down payment aid (AP) (0)
• 02.12.07: Rehabbers cash in on foreclosed houses (AP) (0)
• 08.09.08: Fannie, Freddie bailout greeted with joy and anxiety (Reuters) (0)
• 13.03.08: JPMorgan's Dimon says U.S. likely in recession (Reuters) (0)
• 29.01.08: A better strategy to deal with mortgage fallout (FT.com) (0)

• Tags: mission capital advisors, goldman sachs, subprime loans, popular inc, portfolio trading

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The Georgia Department of Banking and Finance closed The Community Bank, according to an announcement. The Federal Deposit Insurance Corporation was named receiver of the failed institution. Including Community, 20 FDIC-insured banks have been closed down this year.

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• 26.01.08: NY expands suit against Countrywide (AP) (0)
• 08.04.08: Condo-Hotel Buyers See Investments Sour (0)
• 15.07.08: Fannie, Freddie shares continue downward spiral (AP) (0)
• 22.04.08: Existing home sales decline as housing slump continues (AP) (0)
• 13.03.08: US financial chiefs urge overhaul of mortgage, credit markets (AFP) (0)

• Tags: deposit insurance corporation, georgia department of banking and finance, fdic insured banks, federal deposit insurance, federal deposit insurance corporation

• Cosmos & Feed

Making home improvements? With economic and election news dominating recent headlines, you might have missed some important information affecting homeowners like you. Most importantly, several tax credits for certain home improvements were just added or renewed. Make sure you are taking advantage of all of these home improvement tax credits!

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• 11.02.08: Kanye West to Sell Beverly Hills House (0)
• 08.04.08: Banks extend pricier loans to minorities: study (Reuters) (0)
• 31.12.07: Existing home sales show gain, rates at 2yr lows (0)
• 06.03.08: H&R Block loss narrows, affirms view, shares rise (Reuters) (0)
• 26.06.08: Best Reverse Markets (0)

• Tags: home improvements, election news, tax credits, important information, home improvement

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Mortgage rates fell for the third week in a row, as the economy settled uncomfortably into its recession.

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• 10.09.08: Is now the time to build a house? (0)
• 06.09.08: Life after foreclosure (0)
• 18.03.08: Is buyer locked into builder deal? (0)
• 15.01.08: Finding a home inspector (0)
• 21.09.08: Both parties benefit from loan recast (0)

• Tags: mortgage rates, recession, economy

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Offers of no-closing-cost mortgages are not always what they seem.

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• 11.04.08: Foreclosure crisis hits rental market (0)
• 02.08.08: When condo owner forecloses, pain spreads (0)
• 06.10.08: Mortgage rates rise in volatile week (0)
• 04.01.08: Rates fall on first economic report of 2008 (0)
• 03.01.08: Don't refinance brand-new mortgage (0)

• Tags: no closing cost mortgages, closing cost

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The jumbo conforming loan limits changed for hundreds of counties. Did yours?

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• 09.08.08: 2008 State-by-state closing costs (0)
• 04.04.08: Mortgage rates rise along with stocks (0)
• 11.10.08: Mortgage rates fall as activity rises (0)
• 13.09.08: Mortgage rates drop big time (0)
• 15.05.08: Skyrocketing escrow payment needs look (0)

• Tags: conforming loan limits, jumbo mortgage

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Some mortgage borrowers are about to get squeezed by the shrinking of something called the jumbo conforming limit.

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• 12.07.08: Life without credit: tough and expensive (0)
• 01.06.08: Homeowner warns others to buy carefully (0)
• 14.06.08: Mortgage insurers try to reduce foreclosures (0)
• 03.07.08: Risks of a short sale (0)
• 02.05.08: How low can you go on a housing bid? (0)

• Tags: mortgage borrowers, jumbo mortgage

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