HUD announced on Friday January 15th that they are instituting a 1 year waiver of the 90 day seasoning rule for FHA funding of properies.
Here is the Press Release from the HUD Website:
HUD No. 10-011
Lemar Wooley
(202) 708-0685
FOR RELEASE Friday January 15, 2010
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
Measure to help [...]
Continue reading about FHA Waiver of 90 Day Seasoning Requirement A/O Feb 1, 2010
Today the Huffington Post came out with a great article to encourage Americans to take action - non partisan, populist action - and put their money into small community banks and get it out of the Too Big To Fail Bailed Out Bully Banks -
Read the article here: Move Your Money - A New Years [...]
Just days after JP Morgan announced it was “returning” five high rise buildings to the lender in San Francisco - in what JP Morgan said was “not a foreclosure or default action” - HUD is telling homeowners they will be locked out of new FHA loans if they pursue a short sale on their underwater [...]
THE JURY IS IN: Obama’s Foreclosure Program Run by Morons… and Trial Modifications are the Biggest Loan Mod Scam Ever
Wasn’t it fun this past weekend to read and hear the flurry of teaser stories that were all over the news media about how the Obama Administration was going to take some new type of very [...]
In this trailer for his latest film, The Secret of Oz, Bill Still puts some stunning information in front of us from some stellar sources. The maker of the 1996 Classic film The Money Masters has brought us some of the most important and cutting edge information on our economy and what we can [...]
Continue reading about Bill Still - The Secret of Oz - Trailer
This statement issued by The Attorney’s Title Fund of Florida in September 2009 clarifies the proper proceedure and disclsoures for short sale investors. Nothing new here in terms of how any upright investor runs their business, but nice to see that the title companies are coming along in recognizing what is a [...]
Continue reading about Title Company Issues Statament on Short Sales
Foreclsoures and Bank Profits Both Soaring: What is the Message Here?
William Black points out in this interview that the role of the financial institution is not to enrich itself but to support and foster the real economic growth that comes with proper development and support of real business in real economies.
But as of late, [...]
As reported in a New York Times Article Today Goldman Sachs is finding itself under fire for yet another massive bonus round for employees during the deepest financial crisis to hit the US and countries around the world in over 70 years.
According to the Times:
“For Goldman employees, it is almost as if the financial crisis [...]
This Post from Nathan’s Economic Edge is important enough that we are reprinting the entire thing right here with all the links to Nathan’s site and to Karl Denninger’s site intact. Sure, we could tag it to show up in the Market News, but it needs to be front and center. We all need to [...]
Continue reading about Simple Math: Raw Footage - From Denninger to Nathan to You
