Well, when a lender waives prepayment penalties on “pick-a-pay” option-ARM, things must be pretty bad. And it wants out of the whole neg-am loan business. And here’s the proof: Effectively immediately, Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. This includes all [...]
Filed under: Mortgage Mania, The Market | Tagged: loan, mortgage, neg-am, option-ARM, Wachovia | 2 Comments »
Hold onto your hats, I couldn’t believe this price either. The pictures, although showing holes in walls, don’t seem frightening but you probably would want a tour of this just to see what you’re getting into. Still, it’s in Hercules and only $99,900, so maybe it’s worth looking at? If anyone does see this, please [...]
Filed under: House Hunt, The Market | Tagged: Fairfax, Half Moon Bay, Hercules, house, marin, Martin's Beach, sale | 2 Comments »
For those interested in taking part of State Attorney General Jerry Brown’s lawsuit against Countrywide’s alleging “deceptive” business practices, take heart! We have the information you need: Consumers who believe they have been victimized by Countrywide Consumers should file a complaint by contacting the Attorney General’s Public Inquiry Unit in writing at Attorney General’s Office [...]
Filed under: Foreclosure Fever, Home Base, Mortgage Mania | Tagged: attorney general, Brown, Countrywide, mortgage, Mozilo | Leave a Comment »
If you saw my article this morning (and I sincerely hope you did!) you will see that Harvard’s Joint Center for Housing Studies’ view of the housing market – kind of depressing: The center’s “State of the Nation’s Housing 2008″ compares housing markets to other recessions of the past few decades and McCue said that complete [...]
Filed under: Home Base, The Market | Tagged: garden, Harvard, inflation, Leonard, oakland, tomatoes, victory garden | Leave a Comment »
California Attorney General Jerry Brown filed a lawsuit today against Countrywide Financial charging that the company forced risky loans on unassuming customers. That means the state joins Illinois in suing the company. Read on: [Brown] alleged that Countrywide also pushed pre-payment financial penalties that boosted profits and kept people from refinancing out of the loans. The lawsuit singles [...]
Filed under: Foreclosure Fever, Mortgage Mania | Tagged: attorney general, Countrywide, foreclosure, Jerry Brown, lawsuit, mortgage, Mozilo | Leave a Comment »
