who needs bank of america anyway? wall street journal broke the news our firm had been following and preparing for over the last 120 days. BofA intends to sell its correspondent mortgage business, as the troubled lender looks to narrow its focus. so, what does this mean to you, the real estate community, the lending […]Read More B of A…or B of Nay?
If you know me you know I’ve been talking about a tsunami of housing demand swelling up due to our housing starts being at record lows…..well, here’s ONE more testament to support my theory…banks are holding onto more than 3 million foreclosed homes that they have not yet put on the market with millions more […]Read More tsunami of pent up housing demand continues….in my book!
in my opinion rates WILL remain very attractive even as the feds end their $1.25 Trillion (yes, with a T) mortgage back security program. as long the feds do not begin to sell off their portfolio AND private money enters the mortgage bond market to pick up where the feds left off AND inflation remains […]Read More will low rates last EVEN as the feds stop buying mortg bonds?
once again the doom & gloom talking heads insist on using their scare-tactics to suck in viewers. give me ONE good reason WHY the doom & gloom MUST cry the sky is falling?? The Case-Shiller Home Price Index can be interpreted in many different ways. the doom & gloom likes to focus on the negative (shocker!) […]Read More Doom & Gloom media says home prices are down again?
5405 IRS form Here is a VERY useful site for you and/or your clients that should help clear up the maj0rity of your questions revolving around the homebuyer tax credit. This site also lists several “scenarios” that may be close to the one you’re questioning. Go here http://www.irs.gov/newsroom/article/0,,id=206294,00.html Next up – go here for filing […]Read More First Time / Move-up Homebuyer Tax Credit FAQ’s and form 5405