Archive for August, 2007
President Bush Announces Plan to Aid Mortgage Holders in Trouble
Instead of a wholesale bailout of subprime borrowers that are getting into trouble with their mortgages as many are calling for, President Bush has outlined his plans to help borrowers that are caught in some of the toxic loans in the marketplace.
An aide to President Bush leaked his plans overnigh…
How To Use the “Ads by Google” Link to Report AdSense Spam
One of the biggest problem we see in the RE.net world is content theft. It makes sense as real estate and mortgage Google Ads are one of the most lucrative marketing opportunities out there. Steal the content, SEO it a little bit and you can have a site that will make you a few dollars a d…
Newspapers Start Selling Off Their Real Estate Holdings
An interesting trend in the newspaper business is occurring. The papers facing shrinking advertising revenue and readership are starting to sell their real estate holdings. In major cities, many of the newspapers had grand buildings that were a testament to their power and prestige often rivaling ci…
IndyMac Changing Course, 90 Percent of Loans Now Prime
Lender IndyMac has been know as the leader in Alt-A loans and built their business on the backs of small business owners and those that were outside of the normal lending channels. Now, as the secondary market for lending has dried up for subprime and Alt-A, the company has had to change directions….
With Tougher Mortgage Requirements, First Time Homebuyers Can Use IRA Money For Downpayment
After years of fairly easy lending standards for buyers, homeowners did not have to worry about coming up with large downpayments for their first homes. But since the lending standards for homebuyers has tightened significantly in the past year, new homeowners need to learn the tricks to coming up w…
Mortgage Demand Up 10 Percent From Last Year, For This Week
One thing that the media is guilty of, as am I, is that once a storyline becomes fixed in the mindset of the country we try to feed it. So a credit crunch is all encompassing, lending is moribund, and the there is little that can be done.
Then a report from the mortgage bankers comes out that …
Leona Helmsley Leaving 12 Million Dollars For Her Maltese
For some the term it is a dogs life is the mark of despair, but for some the of the grandchildren of Leona Helmsley it is pure jealousy. The famed Queen of Mean and billionaire left a will that suited her famous temperament perfectly. Instead of leaving an equal share to all, she was very specific l…