Miami High Rise “Affordable Housing Grants” Flipped

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!What happens when you take a inefficient government program, add a dash of corruption, and round it out with a private market? You get governmental programs that are abject failures and the money ends up in the hands of […]

Seminars For Buying Your First Home

Perusing the web this morning I came across this article on a seminar put on in Orange County, New York on buying your first home. I may be out of the loop, but are these common?
If not, they are a great idea. Offer introductory classes on homebuying basics for new homebuyers and provide booths for […]

Failure To Escrow SubPrime Another Nail In Borrowers Coffin

Ken Harney has to be my favorite real estate writer in the media. He is dead on this week with his column on the upside down nature of escrow in the lending arena.

According to some industry estimates, a majority of subprime mortgages closed during the housing boom years carried no escrows for property taxes […]

Gulf Region May Get Extension For Low Income Housing Tax Incentives

The recovery efforts for the gulf coast region after the devestation by Hurricane Katrina are being hampered by the lack of low cost housing units available. Most of those who lived in lower end housing in the gulf region have found it hard to rebuild and easier to relocate to another part of the country. […]

Fed Chair Benanke To Freddie Mac And Fannie Mae: Cut Your Portfolios

The Federal Reserve Chairman gave his strongest advice to date to Freddie Mac and Fannie Mae yesterday to cut the size of their portfolio’s. They have such a commanding portion of the secondary mortgage market that missteps by the quasi public private companies could pose risks to the economy.
Both of the mortgage giants have […]