The $500 Home Down Payment is BACK!

Wow! This was quite the week for Home Lending in California First the good news:  CalHFA (the California Housing Finance Agency) announced today that they are eliminating their requirement that borrowers need a 1% cash investment into the transaction – and the requirement that it be from the borrower’s own funds. What this means is [...]

By |2014-08-28T00:29:54-08:00March 3rd, 2012|First Time Home Buyer Assistance, Popular Topics|Comments Off on The $500 Home Down Payment is BACK!

What’s up with stopping foreclosures?

Based on the way our current news business is run, you know that if there was even one family out there that was foreclosed upon while up-to-date on their payments, they would be on every new broadcast and in every newspaper in the country. The reason you haven't seen any of this is because the homes being foreclosed upon should be foreclosed upon.

By |2014-08-28T00:29:54-08:00October 12th, 2010|Bob's Rants|Comments Off on What’s up with stopping foreclosures?

My Final Analysis

Will this ever happen again? Despite what you hear on the news or what our politicians are saying, reality is this is never going to happen again regardless of whether the government does anything or not. People tend to remember really big mistakes.

By |2014-08-28T00:29:54-08:00September 7th, 2010|What the Hell Happened?|Comments Off on My Final Analysis

The Role of the In-house Lender

Unfortunately, I also know of several lenders who had knots in their stomachs every time they went to work (for builder-owned mortgage companies) because they were forced to do what they knew was wrong in order to keep the money coming in for their families. Could this explain why there are subdivisions that are only a few years old with a huge percentage of vacant and vandalized homes?

By |2014-08-28T00:29:54-08:00August 18th, 2010|Bob's Rants|Comments Off on The Role of the In-house Lender

Different Loans for Different Needs

These are just a few examples of different loan programs and - most of which are not now avaible now. This is either because there are no investors willing to buy these loans as investments, or because the have been effectively or actually outlawed by the government.

By |2014-08-28T00:29:54-08:00June 17th, 2010|What the Hell Happened?|Comments Off on Different Loans for Different Needs
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