Mortgage
FHA Changes Effective October 4
On August 12, 2010, the President signed into law a bill that authorizes HUD to increase the annual mortgage insurance premiums for FHA loans, effective October 4, 2010. For those unfamiliar with FHA loans, the mortgage insurance on these loans is divided into two types: 1) The Up-Front … [Read More...]
FHA 90 Day Flipping Waiver – Real Estate Investors and Property Flipping
There is new thinking in town! It used to be that those of us who bought, fixed up and sold properties were looked at poorly. With an ever increasing inventory of foreclosures out there, property flippers are now “in vogue” (in style). How far have property flippers come? Well, quite a distance! … [Read More...]
FHA Changes effective September 7
Yesterday HUD Commissioner Stevens announced changes to the costs associated with obtaining an FHA loan that will affect all new case numbers initiated September 7th and beyond. The are some good news and some terrible news. The good news is that HUD has decided to reduce the Upfront Mortgage Insurance … [Read More...]
Real Estate
Loan Modification Programs Fail to Achieve Goals
It's been almost two years since the Obama administration launched the Home Affordable Mortgage Program, a program with great intentions and a lot of funds behind it. But the statistics show that the program has only helped one tenth of those who need loan modifications the most--the underwater home … [Continue Reading]
FHA 90 Day Flipping Waiver – Real Estate Investors and Property Flipping
There is new thinking in town! It used to be that those of us who bought, fixed up and sold properties were looked at poorly. With an ever increasing inventory of foreclosures out there, property flippers are now “in vogue” (in style). How far have property flippers come? Well, quite a distance! … [Continue Reading]
To Buy or To Rent?
To buy or to rent? That is the question for many folks who have been trying to time the market for the best deals in real estate. Over the last few years many Realtors have seen what seems to be an increasing number of “fence sitters.” Most of these potential buyers are well qualified and have down … [Continue Reading]
Trading Tips
Gold (GLD) Time To Exit
In my previous post on trading Gold (GLD), we discussed a “High Probability Gold Trade”, our thought process on that trade was right on and we are sitting with a significant … [Read More]
High Probability Gold Trade
Gold (symbol: GLD) is once again my target for the next week or so...if we can hold the 119 level with a close on strong volume I will stay long the GLD calls 19JUN10 115 C. … [Read More]
Time to Cover and New Trades – Gold, S&P, C, British Pound and The Euro
Time to take some profit off the table - It is time to cover the SPY puts – I will do this today after we watch the market a bit. I know with this much selling pressure we … [Read More]
Personal Finance
Tax Cuts or Tax Increases – Take Your Pick
Like it or not, you are going to pay higher taxes. They come in many different forms like President Obama not renewing the Bush tax cuts, local government raising property taxes, … [Read More]
World Economy Collapse explained in 3 minutes – VIDEO
Is it ok to laugh at something that is sadly funny? Sometimes I think a quick laugh is the only answer. In this short 3 minute video by John Clarke and Bryan Dawe we explore … [Read More]
Is Owning Stocks A Legal Ponzi Scheme?
I’ve never thought owning stock in the majority of companies is worth it. I thought this way before the market turned sour, and I still feel this way…lets look at why this … [Read More]
