Side Commentary and thoughts: Sorry I’ve been unable to post much over the summer here and at RCG. I’ve been exceptionally busy with lots of projects and family stuff. Plus, I’m freaking out that one of my kids is going to be a Freshman in high school starting in a week or so. But, [...]
Entries Tagged as 'mortgages'
WAMU offering 5% CD’s & other bits
August 25th, 2008 · 75 Comments
Categories: News
Tags: escrow, Market analysis, mortgages, S-Crow
WaMu Cuts Home Equity Credit + More Financing News
May 19th, 2008 · 15 Comments
The Puget Sound Business Journal reported Friday on some more news from WaMu that is likely to affect local homeowners.
Washington Mutual Inc. has slashed or suspended $6 billion in available home equity credit to its customers in an effort to reduce its risk in a flailing housing market.
If they haven’t already been notified, WaMu’s customers [...]
Categories: News
Tags: Financing, home equity, lending, mortgages, WaMu
The Nature of the Mortgage Crisis
May 15th, 2008 · 41 Comments
My favorite personal finance blog Get Rich Slowly gave me a heads up earlier this week about an excellent radio piece that you should make the time to listen to.
It’s titled The Giant Pool of Money, and you can download the mp3 for free through the 18th of this month. They interview a handful [...]
Categories: News
Tags: Financing, mortgages, subprime
More Bad News for WaMu
April 16th, 2008 · 63 Comments
How about a few more WaMu updates. The (bad) news seems to keep coming for the Seattle-based bank.
First up, a look back at how WaMu got itself into this mess, courtesy of the Seattle Times: Where WaMu went wrong. This article has its own thread in the forums, so be sure to check [...]
Categories: News
Tags: banks, Financing, mortgages, WaMu
Stare Down: who blinked first? The loan officer or the borrower?
April 2nd, 2008 · 26 Comments
You know the drill. You and your siblings pile in your parent’s 1982 Chevrolet station wagon for the long 10 hr. drive to the summer vacation hot spot. Lots of games took place and many were invented to pass the time: Hold your breath through the tunnel, Stratego [...]
Categories: News · Opinion
Tags: Good Faith Estimates, mortgages, S-Crow, Settlement Statements
Saying there are no performance enhancing drugs in professional sports….
March 19th, 2008 · 10 Comments
…is like saying there was no fraud that took place during the last few years in housing.
No loan officers falsified loan documents
There was no signature fraud
No escrow/title agents producing phantom Settlement Statements
No complicit real estate agents in the loop
No complicit Notary Public signers
No fraudulent appraisals
No cash back post closing fraud transactions
No buyers buying homes [...]
Categories: News
Tags: fraud, mortgages, short sales
