The Elite Mortgage Daily Blog

Key Differences Between Home Loan Delinquency and Home Loan Default

noreply@blogger.com (Crush) — Mon, 10 Aug 2009 19:40:00 +0000

By [http://ezinearticles.com/?expert=Kevin_Sandridge]Kevin Sandridge ith foreclosures taking up so much space in the headlines these days, we've been conditioned to think of it as the first and...

HUD SECRETARY DONOVAN ANNOUNCES EXPANDED ELIGIBILITY FOR MAKING HOME AFFORDABLE REFINANCING

noreply@blogger.com (Crush) — Wed, 01 Jul 2009 21:34:00 +0000

Announces eligibility for borrowers up to 125% underwater in Las Vegas with Senate Majority Leader Harry Reid and Congresswoman Dina Titus WASHINGTON - U.S. Housing and Urban Development Secretary...

Small Business Economic Stimulus Survey

noreply@blogger.com (Crush) — Sat, 28 Feb 2009 18:18:00 +0000

Here are the results of our survey conducted from a pool of 700,000 local business owners spanning all 50 states from 2/19/09 to 2/22/09.

A LIttle Tuesday Politics: Daschle Out - Got Pork?

noreply@blogger.com (Crush) — Tue, 03 Feb 2009 21:04:00 +0000

I have to say good riddens to Daschle. If you or I forgot to pay taxes for "errors that included failing to report $15,000 in charitable donations, unreported car service and more than $80,000 in...

Unkind cuts Here's what to do if your home-equity line is slashed

noreply@blogger.com (Crush) — Fri, 09 Jan 2009 01:45:00 +0000

If your credit line has recently been slashed like many american's, you will find this Marketwatch article interesting. Excerpt: By Lew Sichelman WASHINGTON (MarketWatch) -- Question: I had my...

Flashback 1999: Clinton Admin Pressures GSE

noreply@blogger.com (Crush) — Fri, 10 Oct 2008 20:11:00 +0000

A colleague of mine recently passed an interesting old New York Times article on to me. Here are two very interesting and telling excerpts. Foreshadowing!! Excerpt: Fannie Mae, the nation's biggest...

WHEDA stops issuing new mortgages

noreply@blogger.com (Crush) — Mon, 06 Oct 2008 19:47:00 +0000

The Capital Times — 10/03/2008 9:55 am The financial meltdown on Wall Street is hitting the state's biggest low-income mortgage lender. The Wisconsin Housing and Economic Development Authority,...

I Smell Something: It's the Pork in The New Bailout!

noreply@blogger.com (Crush) — Thu, 02 Oct 2008 16:22:00 +0000

Bacon - $6 million for the makers of kids' wooden arrows - $192 million for the rum producers of Puerto Rico and Virgin Islands - $128 million for car racing tracks - $33 million for corporations...

Bailout Stalls, Republicans dig in

noreply@blogger.com (Crush) — Mon, 29 Sep 2008 18:00:00 +0000

Mon 1:45pm ET- Briefing.com The House of Represenatives falied to pass the Emergency Economic Stabilization Act., getting 202 votes compared to the 218 needed.

2 million troubled borrowers avoid foreclosure

noreply@blogger.com (Crush) — Wed, 27 Aug 2008 17:54:00 +0000

The Hope Now coalition reports that it completed a record number of mortgage workouts in July - but that was outpaced by the increasing rate of foreclosures. // Uses both the shortcut for...

Fannie & Freddie Update

noreply@blogger.com (Crush) — Thu, 21 Aug 2008 20:37:00 +0000

Excerpt for an article I came across today: Posted on: August 19, 2008 Adam Brown While on vacation this previous week, I had the opportunity to take a hike with a current...

Snapshot: Housing and Economic Recovery Act of 2008 - 1st Time Homebuyer Tax Credit Info

noreply@blogger.com (Crush) — Thu, 14 Aug 2008 20:31:00 +0000

Let's start with the basics. The who, when, & what! Who's Eligible? 1st-time Home-buyers only. This means that neither the purchaser nor the purchaser's spouse may have owned a principal...

Sen. Charles Schumer and the IndyMac debacle

noreply@blogger.com (Crush) — Fri, 25 Jul 2008 17:50:00 +0000

11 business days that followed Schumer's letter, over a billion dollars was withdrawn from Indymac I found this comment by drainedpool over at the Huffingtonpost.com to be interesting: The...

Snapshot Congress

noreply@blogger.com (Crush) — Fri, 25 Jul 2008 02:25:00 +0000

H.R. 6254: Temporary FHA Direct Endorsement Lender Participation Act of 2008 To authorize the temporary participation of mortgage brokers and lenders under the FHA single-family housing mortgage...

The Coming Assault on Small Businesses

noreply@blogger.com (Crush) — Thu, 24 Jul 2008 17:34:00 +0000

The Coming Assault on Small Businesses By Thomas J. Donohue, President and CEO, U.S. Chamber of Commerce July 22, 2008 You can't say today's union leaders don't appreciate irony. Last week,...

Commentary: The Employee Free Choice Act H.R. 800 an Assault on Small Business?

noreply@blogger.com (Crush) — Tue, 22 Jul 2008 22:00:00 +0000

H.R. 800 (Employee Free Choice Act of 2007 ) Measure Title: A bill to amend the National Labor Relations Act to establish an efficient system to enable employees to form, join, or assist labor...

Points Versus No Points

noreply@blogger.com (Crush) — Wed, 16 Jul 2008 21:40:00 +0000

By James Hussher "Points" are, for many first-time homebuyers and even for homeowners thinking about refinancing, often misunderstood. Points are nothing more than interest paid up-front at...

Is WAMU the Next Bank to Collapse?

noreply@blogger.com (Crush) — Mon, 14 Jul 2008 19:21:00 +0000

Are other big banks in-line to tumble the way Indy Mac has? Don't believe the hype according to some: From CNNOnline.com At the time of collapse, IndyMac's debt was 140% of its tangible capital and...

A Brief History of IndyMac Stock

noreply@blogger.com (Crush) — Wed, 09 Jul 2008 19:08:00 +0000

I used a cool little tool called “Crappy Graphs” that is super fun. Hat tip to the Phoenix Real Estate Guy for pointing it out to me. Return to: A Brief History of IndyMac Stock

BOA completes CWC aquisition

noreply@blogger.com (Crush) — Tue, 01 Jul 2008 20:15:00 +0000

By now this is probably old news. Good thing I bought BAC at what I'd thought was the bottom. Oops. How low is this thing gonna go? On a mortgage note - will CWC continue to do wholesale? The...

A Glance At Local Sheriff Sales

noreply@blogger.com (Crush) — Mon, 30 Jun 2008 17:22:00 +0000

I recently took a random look at the current sheriff sales listed for Brown and Outagamie County. My sample included 10 from each county. I kind of wanted to see what the average value of a...

$4 Gas and Countrywide CEO's Special Mortgages to Fannie Mae Peeps!

noreply@blogger.com (Crush) — Mon, 09 Jun 2008 01:45:00 +0000

Interesting news weekend to say the least. The national average of a gallon of gas has reached the $4 dollar mark - not a big surprise but sure to rattle the Monday morning markets. On the mortgage...

Mortgage Rate Trend Survey

noreply@blogger.com (Crush) — Tue, 03 Jun 2008 18:19:00 +0000

Mortgage Rate Trend Survey Monday, Jun 2, 2008 The Mortgage Rate Trend Survey summarizes where mortgage professionals think mortgage rates are headed in the future. To conduct this survey,...

New Business for Old Greyhound Track Site

noreply@blogger.com (Crush) — Tue, 03 Jun 2008 18:01:00 +0000

By Matt Smith After years of failed attempts, progress is being made on the site of the old Kaukauna greyhound racing track. The first new business on the site is now open.

Current WHEDA Rates

noreply@blogger.com (Crush) — Tue, 03 Jun 2008 17:51:00 +0000

Easy 8.0% HOME 6.05% Major Rehab 6.05%