Archive for August, 2007

President Bush Announces Plan to Aid Mortgage Holders in Trouble

Instead of a wholesale bailout of subprime borrowers that are getting into trouble with their mortgages as many are calling for, President Bush has outlined his plans to help borrowers that are caught in some of the toxic loans in the marketplace.
An aide to President Bush leaked his plans overnight before the formal announcement [...]

31Aug2007 | Tom Royce | 7 comments | Continued

How To Use the “Ads by Google” Link to Report AdSense Spam

One of the biggest problem we see in the RE.net world is content theft. It makes sense as real estate and mortgage Google Ads are one of the most lucrative marketing opportunities out there. Steal the content, SEO it a little bit and you can have a site that will make you a few dollars a day. [...]

30Aug2007 | Tom Royce | 3 comments | Continued

Newspapers Start Selling Off Their Real Estate Holdings

An interesting trend in the newspaper business is occurring. The papers facing shrinking advertising revenue and readership are starting to sell their real estate holdings. In major cities, many of the newspapers had grand buildings that were a testament to their power and prestige often rivaling city hall.
Now as the newsworld is shifting online [...]

30Aug2007 | Tom Royce | 0 comments | Continued

IndyMac Changing Course, 90 Percent of Loans Now Prime

Lender IndyMac has been know as the leader in Alt-A loans and built their business on the backs of small business owners and those that were outside of the normal lending channels. Now, as the secondary market for lending has dried up for subprime and Alt-A, the company has had to change directions.
IndyMac Chairman and [...]

30Aug2007 | Tom Royce | 0 comments | Continued

With Tougher Mortgage Requirements, First Time Homebuyers Can Use IRA Money For Downpayment

After years of fairly easy lending standards for buyers, homeowners did not have to worry about coming up with large downpayments for their first homes. But since the lending standards for homebuyers has tightened significantly in the past year, new homeowners need to learn the tricks to coming up with a larger downpayment to qualify [...]

30Aug2007 | Tom Royce | 2 comments | Continued

Mortgage Demand Up 10 Percent From Last Year, For This Week

One thing that the media is guilty of, as am I, is that once a storyline becomes fixed in the mindset of the country we try to feed it. So a credit crunch is all encompassing, lending is moribund, and the there is little that can be done.
Then a report from the mortgage bankers comes [...]

29Aug2007 | Tom Royce | 3 comments | Continued

Leona Helmsley Leaving 12 Million Dollars For Her Maltese

For some the term it is a dogs life is the mark of despair, but for some the of the grandchildren of Leona Helmsley it is pure jealousy. The famed Queen of Mean and billionaire left a will that suited her famous temperament perfectly. Instead of leaving an equal share to all, she was very [...]

29Aug2007 | Tom Royce | 3 comments | Continued

Alameda Real Estate Agents Raped, Then Sets Up Rapist For Arrest

We have talked a great deal on this site about real estate agent safety. Either from the elements or providing the tools to be safe when showing homes. One real estate agent in Alameda County, California took another extreme when showing homes. She was attacked by a potential buyer, who police found out had just [...]

29Aug2007 | Tom Royce | 5 comments | Continued

REALTORS.com Creates Blogging Tools “Featured Blog and Let’s Talk Real Estate!”

Realtors.com has come out with a new blogging tools for their membership called Featured Blog and Let’s Talk Real Estate. The new blogging tool will be linked to at the top of their Realtor.com page that gets 6 million visitors a month. If I was a Realtor I probably would create a blog on the [...]

28Aug2007 | Tom Royce | 10 comments | Continued

The 10 Worst Cities To Live In Worldwide

Last week we showed you the Top 10 Cities to Live in Worldwide, now we will show you the flip side, the 10 worst cities to live in worldwide as compiled by The Economist magazine. The least liveable city Algiers rated a scale of 64.7% livability. That does not sound like much until it is [...]

28Aug2007 | Tom Royce | 11 comments | Continued