FHA Loan Elgibility Tool: Fantastic Gimmicks to get you to Purchase a Home.
I love gimmicks. It didn’t take long before a tool was available for people to see if they qualify for a FHA loan.  Since the new housing bailout bill has been signed into law, the new rage is FHA loans.  People are now gearing up for the purchase of that new McMansion.
Washington Mutual: WaMu and the $239 Billion in Outstanding Loans. $52.9 Billion in Option ARMs. Analysis for the Upcoming Year.
Washington Mutual has been taking a major hit with the current credit and housing crisis. Washington Mutual is down 71% on a year to date basis and with the recent announcement of a $3.3 billion quarterly loss, things will continue to be difficult. Washington Mutual is categorized under a S&L/Savings Bank and even given the […]
Mortgage CSI: Investigating a Countrywide Pay Option ARM under the Financial Microscope.
Unless you’ve actually gone through the hardship of losing your home through foreclosure, it may be difficult to understand the intricacies of how one mortgage loan can upset your entire budget. We get anecdotal stories of people having their loans reset or losing their home but we rarely get a glimpse at the loans. For […]
Zillow: Concentric Circles of Pain. Examining how the Epi-Center of Housing is Collapsing and the Future of Real Estate Tools.
Zillow once again is showing why it is two steps ahead of those in the housing industry. First, they manage to aggregate an incredible amount of data including tax records and previous sales prices all in one simple to use website. That is the primary function that set things off. Zillow integrates modern mapping technology, […]