HUD May Limit SELLER FINANCING!
Attention my fellow investors! The Department of Housing and Urban Development (HUD) is considering a change in the rules that would in turn make seller financing a thing of the past. Yes,...
The Menace of Strategic Default
By LUIGI ZINGALES Homeowners who walk away from their mortgages undermine our financial system. HULTON ARCHIVE/GETTY IMAGES Fortunately, debtors no longer face prison time, as they did in nineteenth-century London, but shouldn’t they...
Fannie Mae cracks down on borrowers
Fannie Mae is boosting penalties for strategic defaulters by prohibiting them from getting a mortgage, backed by the company, for seven years from foreclosure date. Washington-based Fannie Mae (NYSE: FNM) says...
Fannie Mae Relaxes Rules for Once Troubled Borrowers (Investor Opportunity?)
So Government mortgage giant Fannie Mae has just announced some interesting new mortgage underwriting guidelines in an April 14th bulletin to lenders. And among them is a tasty little tidbit...
How Do We Start Investing If We Have Bad Credit Without Partnering Up?
Many investor have this concern. As an Investor I believe there are always options available for us. Here are some things that can be done: One assumption, some cash (probably several thousands at least) will...