Monthly Archives: July 2009

Inflation and Interest Rates

Posted on July 29, 2009 by Matt Steinmetz

inflation is a very serious issue, and it will likely be on the rise as 2009 proceeds…and along with it, home loan rates will rise too.
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A Poll has been added to my blog

Posted on July 25, 2009 by Matt Steinmetz

Take just a moment and answer the poll question in the side bar area.

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HERA – Housing and Economic Recovery Act

Posted on July 21, 2009 by Matt Steinmetz

On July 30th 2009 a new regulation published by the Federal Reserve Board will begin that will drastically change the process of obtaining a home loan. Continue reading →

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Calpers Sues Rating Agencies

Posted on July 16, 2009 by Matt Steinmetz

NY Times “The largest U.S. public pension fund has filed suit in California state court in connection with $1 billion in losses it says were caused by “wildly inaccurate” credit ratings from the three leading ratings agencies.” Continue reading →

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Baltimore sues Wells Fargo

Posted on July 15, 2009 by Matt Steinmetz

The city of Baltimore claims that they have lost tax revenue because Wells Fargo put buyers into subprime loans Continue reading →

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Rent from your Lender

Posted on July 15, 2009 by Matt Steinmetz

plan to allow borrowers who are falling beind on their mortgage payments avoid eviction by surrendering their home to their lender and paying the lender rent. Continue reading →

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A 2nd Stimulus Plan and more Foreclosures

Posted on July 8, 2009 by Matt Steinmetz

Vice President Joe Biden said the current administration may have miscalculated the jobless problem facing America, as to how bad it would be.  Another stimulus plan would mean more Treasury auctions.  You know from my previous posts that Treasury auctions … Continue reading →

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Owe more than your house is worth?

Posted on July 3, 2009 by Matt Steinmetz

Fannie Mae had recently come out with their DU Refi Plus program which allows borrowers to refinance up to 105% of their homes value. This helps, but very little as most people who bought in the last few years are more … Continue reading →

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First Time Buyer Tax Credit

Posted on July 3, 2009 by Matt Steinmetz

Here is a link to the flyer New $8,000 Tax Credit for First-time Home Buyers- is set to end soon! Great news for first-time home buyers in 2009! The stimulus plan that President Obama signed into law contains a new … Continue reading →

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FHA 203K Streamline

Posted on July 2, 2009 by Matt Steinmetz

Here is a link to a flyer on this topic The FHA Streamline 203K loan can be used on purchases or refinances.  This loan allows  you to get extra money above the payoff amount or cost of the home to … Continue reading →

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