US Economic Bailout

Economy facts and actions

The Loan That Killed the American Dream | Stated Income Loan

Here’s a question I am asked on a regular basis: When is the housing market going to crash (again)? Let’s answer that by talking about the STATED INCOME LOAN – This loan destroyed the economy 10 years ago. It single-handedly killed the American dream for an entire generation – many of whom are still struggling …

The Loan That Killed the American Dream | Stated Income Loan Read More »

Real Estate Ethics – Working Hard to Do the Right Thing

A short sale lead (with real estate ethics) Yesterday I received a call about a possible real estate short sale, even better it was a referral from a past client. It always feels good when you receive a referral. In this case the referral was about a home that was $90,000 underwater and the owners …

Real Estate Ethics – Working Hard to Do the Right Thing Read More »

Fannie Mae REO Associate Caught Soliciting Kickbacks

An Irvine based Fannie Mae REO associate was indicted on federal bribery charges late last month. Armando Granillo, 44, used to work out of the government mortgage giant’s office in Irvine, California as an REO specialist. Apparently Mr. Granillo also specialized in offering brokers listings access to Fannie Mae’s extensive portfolio of foreclosed homes for …

Fannie Mae REO Associate Caught Soliciting Kickbacks Read More »

Obama’s 2012 Payroll Tax Cut and How It Affects Your Mortgage Rates

Obama’s extension of the 2011’s payroll tax cut should come as welcome relief to the millions of working and unemployed Americans struggling through these difficult times. The $143 billion measure passed with overwhelming bipartisan support in congress earlier this month. The payroll tax cut extension continues the 2 percent reduction in the tax that funds …

Obama’s 2012 Payroll Tax Cut and How It Affects Your Mortgage Rates Read More »

Call Now ButtonCall Now