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Are you thinking about buying a short sale?

When I think about short sale banks, I can’t help but hear the voice of Arte Johnson (playing his Laugh-In character) in my mind. He was famous for impersonating a German soldier and sputtering, “Veerrrry interesting, but shtupid.”

Because much of the subprime mortgage fiasco was based on a [...]

I loved this SNL skit about the banks stress tests. Honestly, the bank stress tests were a bit of a joke, mainly because the government kept changing the analysis in order to placate the big banks.
Happy Friday!
Post from: Yielding Wealth

Waiting for short sale approval can be agonizing, especially for first-time home buyers.
Some banks such as Countrywide, for example, move files through a minimum of two phases. During the first…

Not too long ago, I jumped on the P2P lending bandwagon, giving Lending Club a try. There are a number of P2P lending sites, allowing for variations that include microloans to the poverty-stricken and student loan P2P lending that focuses on helping students with college costs. And now, if Prosper has its way, it will [...]

The Federal Reserve meets next week for a policy-setting meeting. It’s one of 8 scheduled Fed meetings this year in which the Federal Open Market Committee votes on whether to raise, lower, or leave unchanged the Fed Funds Rate. The Fed Funds Rate is the rate at which banks lend…

Right now, there is a lot of talk about foreclosure. Naturally, it is best if you can avoid foreclosure to begin with, talking to your mortgage lender when you think you are in trouble and working to avoid missing payments. But in some cases a foreclosure notice is served, and the process begins before you [...]