Month: March 2011
TOO MUCH REGULATION???
The upcoming implementation of the new LO Compensation rules has given me pause to consider the current regulation that is already in place in regards to mortgages and consumer credit. The brand new Consumer Financial Protection Bureau will be given the task of overseeing this new regulation. According to the CFPB website their mission will be to make sure consumers
I Just Short Sold My Home
When can I buy a new home?
The calls are coming in from former short sale homeowners that now want to reenter the housing market. The rumor that FHA will finance homes immediately after a short sale is as likely as Lindsay Lohan staying out of jail. FHA Mortgagee Letter 09-52, is very specific on their guidelines (I know, it shocked me, too, a government mandate that is clear and concise).
Rent or Own – That is the Question
Home prices are at an all time low in Arizona. This combined with historically low rates makes it a great time for those first time home buyers to buy a home. Arizona is ranked in many national publications as one of the ten most affordable cities for housing in the country. With that in mind lets look at the numbers
Can Leprechaun Buy Homes?
Charlie Sheen and the US
Charlie Sheen, Muammar Gaddafi and Uncle Sam walk into a bar. Who will pay? Gaddafi hates America so much that all of his money is tied up in U.S. banks and investments. Charlie ranted his way out of his billion dollar T.V. show plus he isn’t sure rehab allows drinking with non-strippers. Uncle Sam is the only one of three that has a job and he can’t pay due to budget constraints.