Mortgage Principal-Reductions Remain Only a DreamThe Federal Housing Finance Agency acknowledges its mandate to offer the.... CONTINUE
Strategically Thinking … Strategic Defaults Makes SenseThe duty of all Americans to repay their mortgage debt as.... CONTINUE
Cramdowns – or a Crock of Crap?Representative Zoe Lofgren, a California Democrat, proposed securing meaningful principal write-downs.... CONTINUE
The “New” Federal H.O.M.E. Program is stupid, Stupid, STUPIDWhat is H.O.M.E. ? The Hardship Outlays to protect Mortgagee Equity.... CONTINUE
CA Real Estate Middle Market – No Where to Go, Just Stuck in the Mud.The Sacramento Bee recently reported that the “move-up” buyer (the one.... CONTINUE
A New Nightmare – A Way for Lenders to Avoid Anti-deficiency Rules?Here’s a thought that ought to strike fear in strategic defaulters....... CONTINUE
Rent to Own – REO. Who Are They Kidding Now?The L.A. Times recently reported that the Fed is now looking.... CONTINUE
Walk Away from an Underwater Mortgage. Just Do It. It Makes Sense.Once again, I can say the Banks continue to rob homeowners.... CONTINUE
Take This Loan and … Well, Take This Loan.As you know, I have been preaching that "Strategic Defaults" are.... CONTINUE
Who’s on First, What About Second(s)?Last year the Legislature passed Senate Bill 931 adding Section 580e.... CONTINUE
These Boots (and Mortgages) are Made for Walking (Away)Some people still wonder if they should walk away from their.... CONTINUE
How much medicine can the sick housing market stomach?Strictly speaking… Defining the qualified residential mortgage (QRM) is testing the.... CONTINUE