Bear Stearns Collapse, JP Morgan to Bail Them Out
Another big one bites the dust. Amazing. Bear Stearns joins the ranks of the fallen Goliaths. Shocking as it may seem, however, I can’t say that I am shocked.
Capital One Cuts Jobs and Shuts Retail Mortgage Services Off
Reuters ran the headline: Capital One slashes jobs, mortgage industry swoons. It is almost enough to upset the faint of heart. After all, we are told that there is a mortgage industry meltdown – or at least a subprime mortgage industry meltdown.
A “correction” would be a better term.
Capital One is a lending provider whose target [...]
Mortgage industry’s pain continues – Countrywide cutting 12,000 jobs
That’s the report alright. But, we’re not surprised, are we? Sure, it is unfortunate anytime there are mass layoffs and industry downturns. The Lord knows I’ve seen my fair share as a consultant in the technology sector. But things are not as first meets the eye.
Hello Hello, and Buy Buy
Earlier I wrote an article cautioning about buying a home in an area where prices are falling.
That is not to say “don’t buy”, but rather, “don’t buy in the wrong place at the wrong time”. However, today I have a different thought in mind. And that is to encourage you to consider buying [...]
Should I Get Two Mortgages to Avoid Paying PMI? Yes and No
The question seems clear – “Should I finance/refinance my home with 2 mortgages in order to avoid having to pay for Private Mortgage Insurance (PMI)?” I say yes, while Dave Ramsey says no. Obviously the answer is not as clear as the question. So let’s take a look to see what the best answer is. [...]
Mortgage Claims, What Are They?
by Stephen H. Dunham
Everyone has heard of insurance claims, but what is a mortgage claim?
The answer is easy, though complex. Mortgage claims basically are claims that one mortgage company files against another.
How My Landlord Helped Me Become a Homeowner
While growing up, the idea of owning a home seemed so far away. Even as a young adult, it seemed like something unattainable because of the amount of money needed – a hundred thousand dollars! That sounded like so much money (because it is), and I had no concept of what it would look like [...]
