Lessons Learned: Negative Amortization Loans Are BAD
Wachovia recently announced it will no longer offer negative amortization loans, despite their investment of $24 Billion two years ago to buy Golden West, who had “neg am” loans as one if its primary...
View ArticleLast Year’s Foreclosure Moratoria Lead to Massive Jump in Foreclosure Numbers...
Thanks to last year’s voluntary foreclosure moratoria, this year California foreclosure numbers appear to be jumping right through the roof. California foreclosure sales in March 2010 increased 92.3...
View ArticleHow Stupid Can They Be? Government Offers Financing For Overleveraged...
Underwater homeowners without FHA loans will have a new refinancing option starting in September of this year courtesy of that organization. The FHA is going to offer qualified borrowers who are...
View Article$23.7 Million for Colorado, 6 Other States, to Settle Wells Fargo Deceptive...
John Suthers, Colorado’s attorney general, has announced that Colorado, along with seven other states, will get $23.7 million from Wells Fargo to put to rest allegations of “deceptive advertising and...
View ArticleBulk REO Investing – What To Avoid, What To Embrace
The topic of Bulk REO Investing has really gotten a lot of attention lately, and with good reason. “Bulk REO Investing” refers to making profit by buying and selling groups of REO (foreclosed)...
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