(Originally published March 21, 2010.) Everything seems to be going smoothly. The purchase contracts were signed. The mortgage was approved. The closing is scheduled. Then you get the call that the …
Today’s Home-Buying Opportunities Will Disappear As Economy Slowly Recovers
(Originally published March 2, 2010.) While the US economy remains sluggish, data seems to indicate we’re in a transition to a recovery. Following such a severe recession, many economists concede …
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More Lenders Busted Under FHA Crackdown
(Originally published February 21, 2010.) On January 26, 2010, The FHA stepped up enforcement actions, essentially shutting down six mortgage lenders by immediately and permanently revoking their …
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Condo & Coop Markets Are Going Through A Transition As Fannie & Freddie Change Requirements
(Originally published February 1, 2010.) Don’t look now, but buying or refinancing a condo or a coop just got harder. Over the past two years, Fannie Mae and Freddie Mac suffered huge financial …
Good Faith Estimate 2010 – The Good, The Bad, and The UGLY.
(Originally published January 24, 2010.) As of January 1, 2010, the latest government revision to the banking industry has been the redesign of the Good Faith Estimate (GFE). In years past, there …
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What Will 2010 Bring to the Real Estate Industry? Let Me Check My Crystal Ball.
(Originally published January 9, 2010.) For many, 2009 proved to be a year of turmoil, financial hardship, change, and reinvention. The real estate industry came to a screeching halt as the US …
