When you decide to go with a hip-hop moniker like Chamillionaire, it's probably not the best PR move to let one of your houses go into foreclosure. But, says the rapper, it wasn't because he was having money problems. Instead, he handed the manse back to the bank because he just didn't feel like paying the mortgage on a house he never lived in.
Chamillionaire purchased the 7,583 sq-ft. Houston home for around $2 million in 2006. Now he tells TMZ that the house "isn't worth anything" but that it was still his most expensive mortgage.
Explained Chamillionaire when cornered by TMZ's camera on a NYC street:
So I just decided to make a business decision, to let it go, give it back to the bank. I just didn't feel like it was a good business investment to keep paying that much mortgage for a house that I'm never at.
But lest you think the rapper is in dire financial straits, he says all is fine: "When I'm a Cha-thousandaire, then you'll have a real story."
Chamillionaire -- I Chose to Be Foreclosed On [TMZ via NY Mag]
Purchasing a loan is very likely to be one of the most serious financial decisions you make. This is especially so if you are looking to consolidate a number of debts, or refinance a subprime (i.e. expensive) mortgage. Signing a loan, or refinancing an existing one, is often a complicated process; the jargon used is difficult to understand and the indexes and complicated terms used to define a loan can be very confusing. This is why too many borrowers go for the first loan they are offered, the one their neighbor or friend recommends, or the one that looks cheapest but isn’t.
You can avoid this by taking some simple but important steps when looking for a loan. Look at the task as a job, a very well paying job, because the difference between a bad loan and a prime loan can mean thousands and thousands of dollars in your pocket. Think of yourself as an investor and commit yourself to choosing the best possible loan. Deciding which loan is the best for you is not as easy as it should be. There are hidden costs, varying rates of interest, prepayment penalties, and other factors that make deciding which loan is best more complicated than simply comparing the cost of the monthly payments.
Weigh up the answers to all these questions (and any more you can think of) and decide which is the best loan for you. Before deciding on your loan, loan modification, or debt consolidation loan talk with a qualified (and free) HUD counselor (find one near you at www.hug.gov) . They can provide you with practical advice on how to make a good decision on your mortgage.
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If you're a harried homeowner buried in debt and have no chance of covering your mortgage, one option is just to stop paying your mortgage and save up as you wait for the gears to slowly grind toward your eviction.
We've posted about strategic default before, and the New York Times took up the issue earlier in the week.
The Times reports:
A growing number of the people whose homes are in foreclosure are refusing to slink away in shame. They are fashioning a sort of homemade mortgage modification, one that brings their payments all the way down to zero. They use the money they save to get back on their feet or just get by.This type of modification does not beg for a lender’s permission but is delivered as an ultimatum: Force me out if you can. Any moral qualms are overshadowed by a conviction that the banks created the crisis by snookering homeowners with loans that got them in over their heads.
The move works for some people. My wife's friend and her husband are monetary morons but made a move that worked out for them when they went into strategic default on their home. It took 10 months for the bank to shove them out, which allowed them to scrap together enough money to pay off much of their other debt and save up a deposit for their rental home.
Still, I can't see myself ever making the move for fear of ruining my credit. What do you think about the worst-case scenario maneuver?
Owners Stop Paying Mortgages, and Stop Fretting [The New York Times]
(Thanks, Howard!)
Purchasing a loan is very likely to be one of the most serious financial decisions you make. This is especially so if you are looking to consolidate a number of debts, or refinance a subprime (i.e. expensive) mortgage. Signing a loan, or refinancing an existing one, is often a complicated process; the jargon used is difficult to understand and the indexes and complicated terms used to define a loan can be very confusing. This is why too many borrowers go for the first loan they are offered, the one their neighbor or friend recommends, or the one that looks cheapest but isn’t.
You can avoid this by taking some simple but important steps when looking for a loan. Look at the task as a job, a very well paying job, because the difference between a bad loan and a prime loan can mean thousands and thousands of dollars in your pocket. Think of yourself as an investor and commit yourself to choosing the best possible loan. Deciding which loan is the best for you is not as easy as it should be. There are hidden costs, varying rates of interest, prepayment penalties, and other factors that make deciding which loan is best more complicated than simply comparing the cost of the monthly payments.
Weigh up the answers to all these questions (and any more you can think of) and decide which is the best loan for you. Before deciding on your loan, loan modification, or debt consolidation loan talk with a qualified (and free) HUD counselor (find one near you at www.hug.gov) . They can provide you with practical advice on how to make a good decision on your mortgage.
Related posts:
Related posts:
On the market for $895,000, this Inner Mission 2-bedroom, 2-bath house perplexes us a bit. "Granite, hardwood, remodeled"? Sorry, we didn't notice -- we were distracted by the dirty towels and strewn papers. The unwarranted one-bedroom in-law apartment downstairs is particularly frightening between the red walls, black floors, haphazardly brown slip-covered couch. Zoning be damned -- maybe the new owner could convert the unit into a mini Power Exchange to offset that mortgage?
· 943 York Street [MLS]
Bank of America on Wednesday announced details of a plan to partially forgive debts of homeowners who owe more than their homes are worth -- and a bank executive expressed disappointment in the company's efforts to put customers in mortgage modifications via the government's Home Affordable Modification Program.
"We certainly know that as we rolled out the modification process we have not handled our customers to the standards Bank of America is accustomed to," said Jack Schakett, a Bank of America credit loss mitigation executive during a conference call. A reporter had asked about homeowners' tales of lost paperwork and frustration when applying for loan modifications.
Bank of America has put 11 percent of HAMP-eligible borrowers delinquent for 60 days or longer into "permanent" five-year modifications -- the lowest rate of the four biggest banks participating in the program. (JPMorgan Chase has granted permanent mods to 16 percent of eligible 60-day delinquent borrowers. Citibank: 18 percent. Wells Fargo: 20 percent.)
Schackett said the bank has been staffing up and currently employs 16,000 people in the distressed home ownership area. Bank of America put more HAMP homeowners into permanent mods in April than in any previous month.
"We continue to train and retrain to try to improve our process and we've done a lot of things to try to make sure we don't lose documents anymore," he said. "We do think the experience is getting better and better, but again, it's still not the level we would hope it to be because we still have more customer complaints than we believe are acceptable."
As part of its anti-foreclosure efforts, Bank of America announced Wednesday it would forbear and ultimately forgive principal for deeply underwater borrowers whose home values have plunged below the amount they owe the bank. Such homeowners are among the most likely to strategically default -- stiff the bank and stop paying the mortgage, even if they can afford it.
HAMP's goal is to mitigate the foreclosure crisis by reducing eligible borrowers' monthly payments to 31 percent of their monthly income, usually through cutting the interest rate and extending the term of the loan, and only in rare cases by reducing principal. Bank of America's National Homeownership Retention Program will help get HAMP-eligible homeowners to 31 percent by first forbearing principal and ultimately forgiving it if homeowners remain in good standing on their payments.
Schackett used an example of a homeowner who owed $250,000 on a home worth $200,000. The bank would take $50,000 off the mortgage and put it in an interest-free forbearance account. If the homeowner keeps up with his payments on the $200,000, the bank will forgive 20 percent of the forbearance account for each of the next three years, and for an additional two years if the homeowner remains underwater.
Bank of America said it has 43,000 customers in HAMP trial plans who are eligible for principal cuts. Schackett said the Treasury Department would announce a three-year principal forgiveness program under HAMP later on Wednesday. Bank of America customers would be evaluated for one program or the other on a customer-by-customer basis. "We worked with Treasury to try to come up with a situation that's best for our customers and also meets our investor needs."
Purchasing a loan is very likely to be one of the most serious financial decisions you make. This is especially so if you are looking to consolidate a number of debts, or refinance a subprime (i.e. expensive) mortgage. Signing a loan, or refinancing an existing one, is often a complicated process; the jargon used is difficult to understand and the indexes and complicated terms used to define a loan can be very confusing. This is why too many borrowers go for the first loan they are offered, the one their neighbor or friend recommends, or the one that looks cheapest but isn’t.
You can avoid this by taking some simple but important steps when looking for a loan. Look at the task as a job, a very well paying job, because the difference between a bad loan and a prime loan can mean thousands and thousands of dollars in your pocket. Think of yourself as an investor and commit yourself to choosing the best possible loan. Deciding which loan is the best for you is not as easy as it should be. There are hidden costs, varying rates of interest, prepayment penalties, and other factors that make deciding which loan is best more complicated than simply comparing the cost of the monthly payments.
Weigh up the answers to all these questions (and any more you can think of) and decide which is the best loan for you. Before deciding on your loan, loan modification, or debt consolidation loan talk with a qualified (and free) HUD counselor (find one near you at www.hug.gov) . They can provide you with practical advice on how to make a good decision on your mortgage.
Related posts:
Related posts:
A growing number of the people whose homes are in foreclosure are refusing to slink away in shame. They are fashioning a sort of homemade mortgage modification, one that brings their payments all the way down to zero. They use the money they save to get back on their feet or just get by.
So in an eerie echo of the mortgage crisis, tens of thousands of people like Ms. Munna are facing a reckoning. They and their families made borrowing decisions based more on emotion than reason, much as subprime borrowers assumed the value of their houses would always go up.
Today we got more startling news that 1 out of 7 homeowners is either in foreclosure or has stopped paying their mortgage. With over 51 million mortgages in the U.S. that means we have 7.2 million mortgages in this distress pipeline. By the way, this is a new all time record yet somehow you still […]
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Today we got more startling news that 1 out of 7 homeowners is either in foreclosure or has stopped paying their mortgage. With over 51 million mortgages in the U.S. that means we have 7.2 million mortgages in this distress pipeline. By the way, this is a new all time record yet somehow you still have people claiming that not paying your mortgage is somehow a sign of a healthy market? It isn’t and this just means the shadow inventory figures are enormous. We have enough in the pipeline for years to come. California is the king of shadow inventory. We have more properties in distress than we have on the MLS! Is this any surprise given the amount of Alt-A and option ARM junk still floating around the system?
Today we’ll take a look at lovely Pasadena. Our first apartment/condo/home shows us that even a 672 square foot place can have fun with easy financing. Today we salute Pasadena with our Real Homes of Genius Award.
672 to zero down
Back during the bubble glory days, there was a movement to convert apartments into condo units. Many “builders” merely slapped on some new paint, carpet, and added some granite countertops and that was all that was needed to justify the conversion to bring in the patrons. The place we are looking at today is a 672 square foot 1 bedroom and 1 bath place. It is listed as an apartment but someone bought this place back in 2006:
Last sale
July 2006: $385,000
And who made the loan? None other than “perfect quarter trader” JP Morgan Chase:
In fact, JP Morgan Chase financed this 672 square foot unit with 100 percent financing. Well guess what? This is now one of those “1 out 7” statistic that are keeping the housing market in the toilet. So how in the world can these banks make all this money when they have stuff like this on their balance sheet? What do you estimate this home would fetch in the current market? This place isn’t listed on the MLS for sale so add this puppy to the shadow inventory.
But this is only one place right? Let us look at another one:
Now this above place is a home listed with 2 bedrooms and 1 bath and is 4 square feet bigger than the apartment unit. This place is listed at 676 square feet. Unlike the apartment unit that got funded 100% at the peak, this place was bought back in 2002 for $150,000:
Sales history
June 2002: $150,000
May 1997: $104,500
But after that, this place was used like a piggybank:
Countrywide and IndyMac Bank show up here (models of excellent lending practices). IndyMac thought it would be smart to put $400,000 in loans on a 676 square foot home! Didn’t have to be a genius to see this implosion coming down the 210 freeway.
This is another home that is not on the MLS and is part of the large shadow inventory data. Pasadena has the following stats:
Distress homes: 677
MLS homes: 550 “resale non-distress and new homes”
So we still have more distress properties than actual natural resale homes even in prime areas like Pasadena. But let us assume the 1 out of 7 stats play out for the city. Keep in mind that banks have actually held off on even filing NODs on tens of thousands of homes. Are things even worse?
Pasadena Homes with a mortgage: 16,824
If the “1 out of 7” stats were applied to Pasadena we would have 2,403 homes. Of course you have some cities that skew the stats but it is obvious to anyone that has been following the market that there are many people in Pasadena not paying their mortgage and not showing up anywhere (aka shadow inventory). These are outside of the distress home figure and MLS data. We did a report showing that the MLS had 64,000 homes but the distress figures for Southern California were over 160,000.
$400,000 and $385,000 for 670 square feet in Pasadena. Was it worth it? These places should probably sell for $100,000 to $150,000 but I’m sure we have another genius looking for another quick flip that will be all the willing to pay for his/her chance to be on HGTV.
Today we salute you Pasadena with our Real Homes of Genius Award.
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Filed under: Stocks to Buy, Stock Picks
By Hilary Kramer
When you think about the root cause of the financial debacle of the last years, one word jumps out: mortgages. Depending who you listen too, there were too many loans, too little collateral, overaggressive lending all playing a part.
However, with the economy now improving, the U.S. housing markets are beginning to gain a firmer footing. Those companies offering protection to the participants in this market, and that had gotten hammered over the last few years, are now in a position to rise from their lows.
One such firm is The PMI Group (PMI).
Continue reading PMI Group: One Way to Profit From the Improving Housing Market
PMI Group: One Way to Profit From the Improving Housing Market originally appeared on BloggingStocks on Fri, 28 May 2010 15:30:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
PMI Group - Business - Investing - Mortgage - BloggingStocks
Today we got more startling news that 1 out of 7 homeowners is either in foreclosure or has stopped paying their mortgage. With over 51 million mortgages in the U.S. that means we have 7.2 million mortgages in this distress pipeline. By the way, this is a new all time record yet somehow you still […]
a
Today we got more startling news that 1 out of 7 homeowners is either in foreclosure or has stopped paying their mortgage. With over 51 million mortgages in the U.S. that means we have 7.2 million mortgages in this distress pipeline. By the way, this is a new all time record yet somehow you still have people claiming that not paying your mortgage is somehow a sign of a healthy market? It isn’t and this just means the shadow inventory figures are enormous. We have enough in the pipeline for years to come. California is the king of shadow inventory. We have more properties in distress than we have on the MLS! Is this any surprise given the amount of Alt-A and option ARM junk still floating around the system?
Today we’ll take a look at lovely Pasadena. Our first apartment/condo/home shows us that even a 672 square foot place can have fun with easy financing. Today we salute Pasadena with our Real Homes of Genius Award.
672 to zero down
Back during the bubble glory days, there was a movement to convert apartments into condo units. Many “builders” merely slapped on some new paint, carpet, and added some granite countertops and that was all that was needed to justify the conversion to bring in the patrons. The place we are looking at today is a 672 square foot 1 bedroom and 1 bath place. It is listed as an apartment but someone bought this place back in 2006:
Last sale
July 2006: $385,000
And who made the loan? None other than “perfect quarter trader” JP Morgan Chase:
In fact, JP Morgan Chase financed this 672 square foot unit with 100 percent financing. Well guess what? This is now one of those “1 out 7” statistic that are keeping the housing market in the toilet. So how in the world can these banks make all this money when they have stuff like this on their balance sheet? What do you estimate this home would fetch in the current market? This place isn’t listed on the MLS for sale so add this puppy to the shadow inventory.
But this is only one place right? Let us look at another one:
Now this above place is a home listed with 2 bedrooms and 1 bath and is 4 square feet bigger than the apartment unit. This place is listed at 676 square feet. Unlike the apartment unit that got funded 100% at the peak, this place was bought back in 2002 for $150,000:
Sales history
June 2002: $150,000
May 1997: $104,500
But after that, this place was used like a piggybank:
Countrywide and IndyMac Bank show up here (models of excellent lending practices). IndyMac thought it would be smart to put $400,000 in loans on a 676 square foot home! Didn’t have to be a genius to see this implosion coming down the 210 freeway.
This is another home that is not on the MLS and is part of the large shadow inventory data. Pasadena has the following stats:
Distress homes: 677
MLS homes: 550 “resale non-distress and new homes”
So we still have more distress properties than actual natural resale homes even in prime areas like Pasadena. But let us assume the 1 out of 7 stats play out for the city. Keep in mind that banks have actually held off on even filing NODs on tens of thousands of homes. Are things even worse?
Pasadena Homes with a mortgage: 16,824
If the “1 out of 7” stats were applied to Pasadena we would have 2,403 homes. Of course you have some cities that skew the stats but it is obvious to anyone that has been following the market that there are many people in Pasadena not paying their mortgage and not showing up anywhere (aka shadow inventory). These are outside of the distress home figure and MLS data. We did a report showing that the MLS had 64,000 homes but the distress figures for Southern California were over 160,000.
$400,000 and $385,000 for 670 square feet in Pasadena. Was it worth it? These places should probably sell for $100,000 to $150,000 but I’m sure we have another genius looking for another quick flip that will be all the willing to pay for his/her chance to be on HGTV.
Today we salute you Pasadena with our Real Homes of Genius Award.
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a
Filed under: Stocks to Buy, Stock Picks
By Hilary Kramer
When you think about the root cause of the financial debacle of the last years, one word jumps out: mortgages. Depending who you listen too, there were too many loans, too little collateral, overaggressive lending all playing a part.
However, with the economy now improving, the U.S. housing markets are beginning to gain a firmer footing. Those companies offering protection to the participants in this market, and that had gotten hammered over the last few years, are now in a position to rise from their lows.
One such firm is The PMI Group (PMI).
Continue reading PMI Group: One Way to Profit From the Improving Housing Market
PMI Group: One Way to Profit From the Improving Housing Market originally appeared on BloggingStocks on Fri, 28 May 2010 15:30:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
PMI Group - Business - Investing - Mortgage - BloggingStocks
Barack Obama is down in Louisiana near the abandoned beaches and marshes soaked in oil and murder. He has a little podium set up near some rocks, protecting him from the oil and mud and dead animals and unemployment. Let’s see what he has to say, if he ever talks! We hear that he’s going to throw some money at gulf coast people. Hooray!
3:00 — OBAMA’S COMING OUT. It looks so hot out there. Oh good god, he has Charlie Crist on one side, David Vitter on the other. Is it possible for Obama to get out of this situation without a brutal gangbang?
3:00 — Admiral Thad Allen has told him about the progress of OPERATION TOP KILL. The plug is doing “okay.” Regrettably, an entire coastal economy has been destroyed for generations. A local mayor just told Obama a story about how no one can pay a mortgage or for food. And then the oil spill happened!
3:01 — Ha ha Vitter moved out of the picture, can’t be seen with the black during primary season.
The futures market is betting on a housing bottom for Los Angeles and San Diego out to May of 2012. This prediction seems to coincide with many of the toxic mortgage reset/recast charts that we have now etched to memory. These futures contracts reflect real money at play. People that invest and understand these more […]
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The futures market is betting on a housing bottom for Los Angeles and San Diego out to May of 2012. This prediction seems to coincide with many of the toxic mortgage reset/recast charts that we have now etched to memory. These futures contracts reflect real money at play. People that invest and understand these more “sophisticated” investment products are betting on still significant price declines for the Los Angeles and San Diego Case Shiller measures. Interestingly enough, for San Francisco the futures market is predicting increase in prices although this is by the far the most over priced market in the state. Two out of three winning bets in Vegas makes you rich.
First, let us examine the Los Angeles chart:
I went ahead and compiled a chart that includes the latest CS data and plotted out the current futures contracts that extend out to 2014. Not much is trading beyond 2012 however. For the LA area, the markets are predicting an additional 12.8 percent price drop for the entire region. Keep in mind that for the Case Shiller data on Los Angeles we are also including Orange County.
For example, according to Case Shiller this is what is reflected:
MSA:
Los Angeles-Long Beach-Santa Ana, CA Metropolitan Statistical Area
Counties represented: Los Angeles CA, Orange CA
The San Diego MSA simply looks at San Diego County. So how much does this drop represent in prices? Let us compile that:
Are you interested in losing $42,000 or $55,000 in two years because you decide to purchase today? Keep in mind these are actual money bets predicting additional price declines from where we stand today. I would venture to say that in some areas like Culver City and Pasadena price declines will be much steeper. The futures markets do not see any price increase for the next few years. So the rush to purchase a home today doesn’t seem to be grounded on any facts or market trends.
It seems that San Diego will face the biggest price drop:
The markets are betting on a same trough date as Los Angeles but the actual price decline is much more significant. The market is predicting a 26.8% decline from the current point. What does this translate to in dollars?
Are you open to losing $88,000 in equity for buying today because of a state tax credit that doesn’t really even do much for your tax situation? Are you willing to lose $88,000 just for a low mortgage rate? Keep in mind that if you decide to sell in the future with higher interest rates, what makes you think other families will be able to afford the home with a now higher rate? Unless the state of California starts shooting out high paying jobs in mass, the market will be slow going for years to come.
The state budget and all problems associated with that will keep a lid on the housing market for years to come. It is interesting however that the futures are predicting price increases for San Francisco although this is probably the most overpriced real estate in the nation:
It doesn’t look like we’ll be heading back to the peak but prices seem to be going up at least if you believe the current bets. I tend to believe that the MSA trend with Los Angeles and San Diego will also play out up north. Local area incomes still do not justify current prices. Low interest rate or not, prices will start trending lower.
If we look at data closely it is clear that the recent tax credit that expired did pull demand forward at least in Los Angeles:
Source: L.A. Times
But what now? Now that the federal tax credit is over and the state tax credit will finish up in a few months, what will be the next step? The futures markets tend to believe we are heading down this road:
Seems that we are tracking the above even after trillions of dollars in bailouts to the Wall Street bankers. Now what really did we accomplish with all that money flowing to the banks?
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What do you do when work’s thin on the ground? Finding work can be hard, and it takes time to get momentum going. Some days, you’ll have combed the job sites, contacted all your contacts, and attended to your daily promotional and client tasks before 10a.m. What’s next?
Searching fruitlessly for clients can be demoralizing. It’s rarely enjoyable, nor does it give many of us the chance to use what we see as our true talents. So, instead of worrying daily about the future, why not stop the paid-work gap with a project of your own?
If I have a quiet period, I usually divide my time between pursuing paid work and undertaking a project of my own. To some, spending my time on an unpaid project for my own gratification when I’ve got a mortgage demanding to be paid may seem crazy, but it offers valuable benefits.
Pursuing professional interests through your own projects inevitably allows you to exercise the creative muscle — to experiment and try out approaches and tactics for which commercial projects may not allow scope. This experimentation will likely broaden your experience, perspective, and skillset. In any case, it’s likely to be fun.
Pursuing your own professional interests through slow-period projects can develop your earning potential in a few ways. First, as I mentioned above, it can build salable skills. Second, your project may open unexpected new doors, spurring you to pursue, or giving you valuable exposure to new markets, clients, or industries. Finally, your project may, of course, focus on creating a product or service that you can sell, so although it may not pay while you’re building it, you may see a return once it’s complete and you begin to market it.
When you’re talking to contacts or potential clients, you may find you have little to relate if all you’re doing is looking for work. Working on your own projects ensures you’ll always have something exciting on the cards — something you’re eager to talk about and explain to others. Your contacts are bound to be intrigued, to ask questions, and to gather the perception that you’re innovative, motivated, and that you really love what you do.
Dragging yourself out of bed each day to discover the inevitable — that there still aren’t any suitable projects for you to pitch on — can get a little tedious. Having your own project to work on once you finish the day’s prospecting activities can motivate you to get up, get out, and kick those goals as early and thoroughly as possible, so you can enjoy some guilt-free hours on your own project afterward.
I find that working on my own projects gives me a real sense of purpose and progress even in the quietest times. So much so that I try to always have at least one of my own projects on the go. What about you? When was the last time you did you own thing?
Image by stock.xchng user clix.
Related Posts
Purchasing a loan is very likely to be one of the most serious financial decisions you make. This is especially so if you are looking to consolidate a number of debts, or refinance a subprime (i.e. expensive) mortgage. Signing a loan, or refinancing an existing one, is often a complicated process; the jargon used is difficult to understand and the indexes and complicated terms used to define a loan can be very confusing. This is why too many borrowers go for the first loan they are offered, the one their neighbor or friend recommends, or the one that looks cheapest but isn’t.
You can avoid this by taking some simple but important steps when looking for a loan. Look at the task as a job, a very well paying job, because the difference between a bad loan and a prime loan can mean thousands and thousands of dollars in your pocket. Think of yourself as an investor and commit yourself to choosing the best possible loan. Deciding which loan is the best for you is not as easy as it should be. There are hidden costs, varying rates of interest, prepayment penalties, and other factors that make deciding which loan is best more complicated than simply comparing the cost of the monthly payments.
Weigh up the answers to all these questions (and any more you can think of) and decide which is the best loan for you. Before deciding on your loan, loan modification, or debt consolidation loan talk with a qualified (and free) HUD counselor (find one near you at www.hug.gov) . They can provide you with practical advice on how to make a good decision on your mortgage.
Related posts:
Related posts:
The controversial mortgage giants Fannie Mae and Freddie Mac take center stage again at a congressional hearing Wednesday. The firms are under federal conservatorship and have burned through $145 billion in taxpayer funds.
The controversial mortgage giants Fannie Mae and Freddie Mac take center stage again at a congressional hearing Wednesday. The firms are under federal conservatorship and have burned through $145 billion in taxpayer funds.
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