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<p>lendingmaestro,</p> <p>Yes they are in cahoots</p> <p><a href="http://www.ft.com/cms/s/0/66db756a-de5d-11dc-9de3-0000779fd2ac.html?nclick_check=1">http://www.ft.com/cms/s/0/66db756a-de5d-11dc-9de3-0000779fd2ac.html?nclick_check=1</a></p>

Look for long terms rates to continue trending upwards through 2008. If you were looking to refi with some great rates you missed your chance a month ago when you could get a 30yr conforming fixed at 5%. Its all uphill from here on out, i'm afraid.

At some point housing will recover, but CC debt will not, I sincerely hope the banks get fleeced.

<p>momopi,</p> <p>It looks like all the apartments are for rent none are for sale. On my way home form the gym tonight I noticed a new billboard for the 5 floor apartment complex, <a...

<p>I have been following the pseudo "urbanization" along Jamboree for the last few years and I have to say I am intrigued by the continual development popping up along this busy street. </p> <p>The intersection of Jamboree and Alton has been undergoing a transformation lately with the Diamond...

No matter how sweat the deal with the inhouse lender may appear, compare it with outside financing, via broker or bank. You are in no way obligated to do the financing through the in house lender. After comparing the financing and the in house lender is still the best in terms of rate, costs...

"can one obtain a conforming mortgage with monthly payments at 50% or higher of income" Yes. In some cases FNMA will allow up to 64.99% Debt Ratios.

1 Unit - $417,000 2 Unit - $533,850 3 Units - $645,300 4 Units - $801,950 95% CLTV 575 Min Fico Fully Documented Income. This is all for an owner occupied sfr, as you move away from that(ie, condo, 2nd home, etc) the guidlines get more strict. The above are...

This is common practice right now and your friend is not alone. The banks are trying to stop people from overborrowing.

Your uncle should just refinance his HELOAN into a fixed rate conforming Mortgage, he can get 5.375% - 5.5% 30 yr fix easily today.

Don't forget the brothels.

FYI, Cream Pan is expanding into the suite next door, from the looks of it much more seating. And Zov's is way overpriced.

LawyerLiz, although a few heads may roll, a majority of the execs will cash in quite nicely. http://www.nydailynews.com/money/2007/11/20/2007-11-20_wall_st_handing_out_record_bonuses_despi.html

Don't know if we are allowed to pimp other sites but, there are two that I frequent and you can save a ton if you time your purchases, one is fatwallet.com, and the other is slickdeals.net. These are especially good for your tech purchases.

Hmmm...Govt steps in for a bailout, Fed Continues to lower Prime Rate.......can't wait to see how far the dollar will plunge.

Loan requirements are more strict and you are priced too high for this market. Don't be surprised if those condos end up below 500k when all is said and done. We are seeing some major reductions in the higher end areas now, so that means the market has tipped over the edge and is well into...

there was a fire along the 261 at portola pkwy this morning, the FD had put it out by around 10:30 am. they are continuing to keep that area wet so it doesnt flare up again. way to close for comfort.

<p>Its unfortunate that this loan is being demonized to the level that it is. </p> <p>It is not satan's spawn, it is a financial tool that if utilized properly can be a valuable mortgage for many people. The problem arises when people abuse the loan and use it for the sole purpose of...

This type of thing makes me wonder if it's worth staying in this country.

This looks like it may be REO, or corporate owned property or short sale, I would advise you to wait on this property. Or offer 180-190k. This appears to be a loser for the bank.