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Happy Memorial Day!
Before it was known for long weekends, BBQ’s, family, camping and boating, let’s remember the true meaning behind memorial day and thank those who is serves. Memorial Day, which falls on the last...
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Falling Home Prices Erode Nest Eggs, Local Government Budgets
Startling new reports show the U.S. housing market is taking a turn for the worse, putting added pressure on families saving for retirement and on local governments that rely on property tax revenue to...
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Study finds older Americans losing $2.9 billion annually to financial abuse
A new report from the MetLife Mature Market Institute reveals that older Americans are losing $2.9 billion annually to elder financial abuse, an increase of 12 percent over estimates reported in 2008....
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June 2011 Newsletter
<!– –> This newsletter is compliments of: Eric M. Burgess Mortgage Consultant NMLS# 240240 Office: 707-526-6100 Cell: 707-508-5600 San Diego Direct: 619-238-2700 Thought of...
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Mortgage Fraud Increases!
Did You Know? Recent years have seen a dramatic increase in the number of reported mortgage frauds in the U.S. According to a recent article in The Wall Street Journal, banks are reviewing their loan...
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US Credit downgrade & what it means!
Standard and Poors™ has downgraded the US sovereign rating to AA+, and kept the rating outlook at negative, suggesting improvement in the fiscal situation will be needed to avoid further downgrades....
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Are jobs obsolete?
I found this article on www.cnn.com. I thought it was quite interesting with a good perspective so I decided to repost it. CNN) — The U.S. Postal Service appears to be the latest casualty in digital...
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Some musing on “recovery”
Waiting for the next onslaught of news from the world’s credit markets, here’s some musing on “recovery.” The Sacramento-Stockton area, since it was an epicenter of foreclosure activity, has more...
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New proposed FHA rules.
Proposed FHA Changes… FHA Proposed Rule on Seller Concessions Yesterday, HUD published a request for...
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FHA to Hike Up-Front and Annual Premiums
The Federal Housing Administration (FHA) announced that it is increasing both upfront and annual premiums for its insured single family loans. An increase of 0.10 percent in the annual premium mandated...
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HARP 2 | FAQ
The Obama Administration is launching a revised version of HARP to expand the borrower which will qualify essentially helping many more people refinance who otherwise wouldn’t have under the original...
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CARLSBAD: Mortgage Fraud
Man sentenced to five years in prison for mortgage fraud scheme. A Carlsbad-based real estate consultant was sentenced to five years in prison for a multimillion dollar mortgage fraud scheme involving...
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US Housing Regulator Aims to Speed ‘Short Sales’
Wall Street Journal (04/17/12) Zibel, Alan New standards from the Federal Housing Finance Agency will require mortgage servicers to review and respond to short sale requests within 30 days of an offer...
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