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Archive for June 9th, 2008

Why Did the FHA Lose $4.6 Billion?

Posted in Mortgages, tagged , on June 9, 2008 | Leave a Comment »

In light of my earlier post framing the FHA loan program as part of the solution to an industry recovery, the NY Times is reporting that the program has lost $4.6 billion. The article does not say if it was in the past 12 months or in 2007. It doesn’t matter. The problem is not the [...]

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Appraisals

Posted in appraisals, tagged , on June 9, 2008 | Leave a Comment »

Two articles of note on the role of appraisals in the mortgage crisis. The first articlefeatures clients of mine who, sadly,  lost their home. The lender, Ameriquest, is now out of business. Good riddance. This article appeared in the NY Times (printable version here) this past March and covers some steps taken by NY Attorney General Andrew [...]

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J. Philip in the Journal News

Posted in The Company, tagged , on June 9, 2008 | Leave a Comment »

David Schepp wrote a very good article on how the slower market is impacting people who owe more than their home is worth, yet have to sell. It appeared on the front page of the Sunday, April 27 Journal News. A client of mine was featured prominently and I am quoted as well. The full article can [...]

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New Deal to Rescue 2008

Posted in Mortgages, tagged , , , on June 9, 2008 | 1 Comment »

This is a commentary that I submitted to the Journal News recently that they have not (yet) published. ___________________________________________________________________________________________ With the problems facing the real estate and mortgage industries, I look to the Oval Office to be the catalyst in the recovery of the nation going forward. I am not referring to President Bush, nor [...]

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