Today, actually about 57 minutes ago, Government officials made an official announcement that they are taking over the 2 biggest mortgage lenders in the U.S. Freddie Mac and Fannie Mae.
Both CEO’s of the two companies have been fired and the new faces step up to take over their positions.  Mortgage Giants Crisis Breaking News
All this [...]

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Hot off the press.  This Breaking News is huge for the mortgage industry.  What is it?
Well,  I just found out that the government is expecting to TAKE OVER Fannie Mae and Freddie Mac as early as this weekend.  They are trying to protect the 2 mortgage giants in their unstoppable crisis.

Posted in Real Estate Market News 4 Comments »

Every so often, I get a question in my mailbox where my readers are asking me if there is some kind of a plug in or an application that allows them to see real estate listings on the phone.
Well, for those of you asking about that technology, today is your lucky day.  Why?  Because Trulia.com [...]

Posted in Real Estate Market News, Real Estate Marketing 2 Comments »

Here’s yet another reason why you need to embrace the internet for your real estate marketing.  Recently, Washington Post wrote an article on their website how one woman, who was looking for a real estate agent to sell her house, used the internet to find her new agent.  Are you surprised?  I hope not.  Why?  [...]

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“Do Not Disturb”
That’s what Freddie Mac’s Chairman is probably thinking right now.
Today, Reuters.com released a news article titled “Freddie Mac chief disregarded warning signs: report.”  The article discusses decisions of Freddie Mac’s Chief and how he led Freddie Mac into its financial troubles.
According to the article, New York Times reported more than two dozen current [...]

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Today, June 30, 2008 Wachovia has announced that they are eliminating their Pick-A-Pay Program from their loan offerings.  Wachovia Pick-A-Pay Program was one of their biggest attractions during the housing boom throughout the Unites States market.  People could have paid their loan whenever they wanted it each month.  The program allowed borrowers to pay several [...]

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