Home Mortgage Guide

by Mark Bradley
With the internet making every search easy nowadays, a major proportion of home owners and potential home buyers have started searching for properties online. This has thus led to an increase in the use of videos to promote properties that are to be sold by real estate agents in the form of video marketing. Pictures, photos and descriptions of the properties are undoubtedly useful tools for social marketing but the best among them all is video marketing.
Virtual touring is becoming a popular form of video marketing. There is no other alternative to videos that has the capability …
Read Rest of Video Marketing -How To Reach Millions For Pennies Using Real Estate Web Marketing

 
great piece - lots of charts - Housing Looks Only a Little Better - By Bud Conrad - Casey’s Daily Dispatch ————

USING HOMEOWNER RESPONSIBILITY SCORES TO IMPROVE VALUATION ESTIMATES - BY STEVE WEISE - Finding accurate values of collateral remains a major challenge for mortgage industry players. Servicers want valuation estimates before …
Read Rest of Mortgages and Housing Related: Bud Conrad, Responsibility Scores, Wolters Kluwer on Mods, New Homes For Sale, RMBS Structures, Taylor Bean Bonds Fail To Pay, Reverse Subsidy, Worse Before Better?

 
To Our Clients, Colleagues and Friends,

Okay, okay.  Seattle Mariner Ichiro Suzuki is the greatest baseball player to ever play the game.  We were swamped with well over 40 e-mails, some politely disagreeing, some implying that if we were this stupid about Ichiro, we must be pretty stupid about banking. We have lot of Seattle clients, so maybe that explains all the excitement.

We showed First Republic Bank of as one of the  failed banks in a chart last issue. That bank was  First Republic Bank of Texas which failed on the …
Read Rest of The Garrett, Watts Report (August 28, 2009)

A guest post by Under Fed:
Before Alan Greenspan assumed the position back in 1987, most Americans
likely had little inkling about who the Federal Reserve Chairman was or
what he did. The Black Monday US stock market crash on October 19, 1987
permanently altered this comfortable obscurity, when Alan Greenspan’s
heroic effort to stop the US stock market’s free fall by “supplying
liquidity” was widely perceived to have saved the US economy from a repeat
of the Great Depression. With this rescue operation, Alan Greenspan
instantly transformed himself from low-profile technocratic geek to
high-profile economic rock star.
Skeptics remained doubtful that …
Read Rest of A Decision Executed Behind Closed Doors

Post off-topic ideas, links and Craigslist finds here. Please visit the HBB Forum.
Read Rest of Bits Bucket For August 29, 2009

My father used to say, “It’s OK to kiss a nun, but don’t get into the habit.”
Speaking of habits, the bond market has become accustomed to the Fed buying mortgages. What if they stopped? Federal Reserve President Lacker suggested the Fed may not need to spend the full amount it pledged(.25 trillion, for folks keeping score at home) to buy mortgages. So when someone like that suggests ceasing the program, it probably means a) the economy is seeing enough of a rebound that rates may move higher, or b) the demand for …
Read Rest of 180,000 loans transfered to BofA; Largest commercial servicers; Flagstar’s guideline changes

It’s Friday desk clearing time for this blogger. “When Harvey Clavon took out an exotic mortgage to refinance his home in Santa Clarita, Calif., three years ago, he thought he knew what he was doing. He planned to sell the home before the mortgage reset. Because Mr. Clavon made only minimum payments on his mortgage, his balance has risen to 0,000 from 8,000, on a house worth closer to 0,000. ‘I don’t know what I’m going to do,’ he said. ‘I got duped into the loan, and I consider myself an educated man.’”
“‘This was a loan meant for …
Read Rest of Without Greed, There’s More Than Enough To Go Around

by Jerome Pennix
REO properties are one of the best ways to invest in real estate currently. Banks do not need to, nor do they want to; keep these properties for any longer than they absolutely have to. This is why, REO properties can be had for nearly any reasonable price. Of course, there are many things to consider about these deals.
An investor should carry out a complete inspection of the property which should be inclusive of the major structures of the property. The roof, sub flooring, basement, plumbing and wiring should also be accessed.
Make sure to do a detailed …
Read Rest of What To Look For When Buying REO Properties

Post off-topic ideas, links and Craigslist finds here. Please visit the HBB Forum.
Read Rest of Bits Bucket For August 28, 2009

The Shell Game - How the Federal Reserve is Monetizing Debt - Chris Martenson - … The shell game that the Fed is currently playing obscures the fact that money is being printed out of thin air and used to buy US government debt.  The Federal Reserve is monetizing US Treasury debt and is doing so openly, both through its 0 billion commitment to buy Treasuries and by …
Read Rest of Risky Business: Shell Game, Hedge Funds, Pseudo Monte Carlo, Leveraged Finance, Taylor Bean, Reverse Mortgage Fraud, PE and Banks