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Realtors Comment on Raleigh – Cary – Durham Home Sales 2014

When I was preparing the post – Buying a home in Raleigh is getting tough!  I reached out to some real estate partners that I know and trust and asked them to comment on on the current market condition. The responses were so good that although I couldn’t squeeze them into the original post so I thought I would share them in a  separate post. Continue reading Realtors Comment on Raleigh – Cary – Durham Home Sales 2014

Employment/Income Fraud Risk Index highest for investor loans and high value properties

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Interthinx has released its annual Mortgage Fraud Risk Report , which highlights some of the most significant mortgage fraud risk trends based on analysis of loan applications processed in 2011 by the Interthinx FraudGUARD ® system. According to the annual report, the Employment/Income Fraud Risk Index rose 14 percent during 2011 and has been on an upward trend for more than two years for a total increase of more than 45 percent. The Employment/Income Fraud Risk Index is particularly high for investor loans with an index of 310, which is almost three times the overall index value of 111 and is highest for high-value properties.

More detailed points highlighted by Interthinx analysts include the following: Continue reading Employment/Income Fraud Risk Index highest for investor loans and high value properties

Obama: Subprime lending immoral, not illegal

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Obama: “Subprime lending immoral, not illegal” http://ow.ly/6PE2P

Today the president took a question from a  reporter who asked him why his administration had failed to file suit or enforcement action against corporate leaders for the 2008 financial crisis that ultimately led to numerous bank, insurance, auto-maker and state bailouts. To that the president replied…

“If someone has engaged in fraudulent actions — if they have violated laws on the books, they need to be prosecuted,” President Obama said. “One of the biggest problems about the collapse of Lehman, the financial crisis and the subprime lending fiasco is that all of that stuff wasn’t necessarily illegal.” Continue reading Obama: Subprime lending immoral, not illegal

Uncovering Hidden Treasures: Finding Stability in Unstable Times

When we bought our house in 2008, we joked about the location. It was on a street named Stable. The neighborhood was named for a horse farm that used to occupy the 30-acre tract of land.

My husband and I always operated under the premise that each house would be a stepping stone to the next bigger, better home. Our first house was purchased with an ARM loan, and we sold it about a year before the balloon payment was due. This house was never supposed to be our long-term home, but a stepping stone for a few years. We viewed buying and selling a house like trading cars, and it was often easier, in fact, than buying another car. Continue reading Uncovering Hidden Treasures: Finding Stability in Unstable Times