Anyone care to bet how long it takes the Obama administration to expand the guidelines under their refinance plan? Amid concern that many Californians would not qualify for assistance from the federal anti-foreclosure plan, a powerful state legislator called on the Obama administration to make more homeowners eligible. The plan limits federal refinancing assistance to […]
Posts Tagged ‘refinance’
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Refinances Booming? Not As Much As You Think
Posted by Tom Lindmark on January 15th, 2009
Discount all the reports you read about Americans lining up to refinance their mortgages and take advantage of the lowest rates ever. Oh, they’re lining up all right but the majority of their loan requests are getting turned down. The WSJ has the details, here is an excerpt: While the low rates haven’t caused a […]
Now The Commercial Real Estate Guys Want A Handout
Posted by Tom Lindmark on December 22nd, 2008
If you read this earlier and are just now scraping yourself off of the ceiling, I apologize making you go ballistic once more. The WSJ and others reported that the new beggar at the Treasury’s bailout window is the commercial real estate industry. A recent letter sent to Treasury Secretary Henry Paulson, and signed by […]
