Category Archives: mortgage

Are Corporations Persons?

This is not about the politics of corporate personhood, but about corporate greed, compassion and social good.

My Home Is Worth What!?!

Or What’s Gone Wrong With the Appraisal Industry? This could be a long convoluted series of articles, but I’ll try to summarize what’s occurring in the appraisal industry. Yes, we all know of the fallout with subprime loans & homes being grossly overvalued. Short history… Lenders used to work very closely with certain appraisers. As…

Florida’s Homeowner’s Foreclosure Bill of Rights

Recently, Florida State Representative Darren Soto (District # 49 – covering parts of Orange & Osceola counties) introduced legislation entitled, the Homeowner’s Foreclosure Bill of Rights that will hopefully help millions of Floridians that are facing foreclosure. The bill is not a freebie, but would force lenders to renegotiate loans of owner-occupied properties that have…

The Bailouts of 2008 – What’s the Cost?

In a previous post, The Bail-Out – Who’s Being Bailed Out & Who’s Bailing Out!?!, the $700B government bailout of financial institutions was discussed. Unfortunately as expected, this has proven to be a fiasco. The Emergency Economic Stabilization Act of 2008 was supposed to buy up distressed assets of financial institutions with the overall effect…

A Move Towards Socialism – Should the Government be Buying Stocks?

Treasury Secretary Henry Paulson at the conclusion of the G7 conference of the major industrialized nations announced that the U. S. Government is going to be buying stocks of financial institutions. Granted, these will be non-voting shares giving the government an equity ownership interest in these financial institutions. Theoretically the government will not have the…

The Bail-Out – Who’s Being Bailed Out & Who’s Bailing Out!?!

So which is it? Last evening, 10/1/08, the US Senate voted to approve a new version of the $700B Bail-Out bill for Wall Street. I’m not impressed. Yes, they would like you to think that this bail-out is for Main Street, but that is just simply not the case. If it were truly for Main…

The Housing Bill – A Panacea or False Hope

OK, so President Bush signed what’s been commonly called the Housing Bill. It’s being touted as a panacea for our mortgage and housing market ills, but unfortunately comes nowhere near to being such. Again, I must restate from a previous post, The American Housing Rescue and Foreclosure Prevention Act, it should be called the Banker…

The American Housing Rescue and Foreclosure Prevention Act

Welcome back to Marc’s Corner – As I’d mentioned in my previous post, we are going to discuss the American Housing Rescue and Foreclosure Prevention Act, which in some circles is know as the Bank and Builder Bailout Act.Hmmm, imagine that! There are many aspects to this bill and for our purposes we will only…