Monthly Archives: October 2012

5-19-2013: NFIP owe $24B more than it has, but thanks to Congress’ extension of coverage thru 2017 via the Flood Insurance Reform Act – reduction in subsidies, increased premiums, encourages self insurance, and probably goes as far as to expand … Continue reading →

Was this action a solution, or did it delay the recovery? Basically, as a result of the several state investigations of foreclosure activity, some states have requested the moratorium of all foreclosures including HUD (i.e., FHA mortgages). I am sure … Continue reading →

Update 10-30-12: DART (Dallas Area Rapid Transit) plans to issue $552 million in new debt to help subsidize the transit system and hope BABs will subsidize that debt and thru sales tax revenue. http://www.bondbuyer.com/issues/121_209/dallas-area-rapid-transit-commercial-paper-program-boa-sales-tax-revenue-1045407-1.html These are federally subsidized bonds for … Continue reading →

Rep.Spencer Bachus (R) once asked Rep Barney Frank for a hearing into the firing of Caroline Herron (former Fannie Mae Executive) …Apparently, (according to the 8-7-10 AJC), she was fired after she criticized how the company was running a loan … Continue reading →

The square footage of a residential property shouldn’t be that difficult to reveal or calculate (since it’s furnished in every appraisal when you purchase a property), but it depends if you measure the exterior or interior walls of a home, … Continue reading →

Consumer Financial Protection Bureau (CFPB) wants to limit the “back-end” ratio on loans to 43 percent of total income. National Association of Realtors (NAR) is lobbying against a range of new regulations including this limit.  NAR argues all the new … Continue reading →

After reading the blog post (see Source below), I have to seriously ask that question too here in the State of Georgia. The current GAR Seller’s Property Disclosure Statement used in Georgia has a section referred to as Termites, Dry … Continue reading →

Update 12-14-2015: New website to register your home alarm system in unincorporated Cobb County. Update, the City of Atlanta is finally catching on to registration of alarms to reduce false alarms but more importantly, raise revenue since burglaries may continue … Continue reading →

Does this type of FHA mortgage still exist? It allows a person to co-borrow with a blood relative (e.g., parent, grandparent, sibling, etc.) who helps qualify for the loan using their income or assets. Both borrowers take title to the … Continue reading →

Hey President Obama, it’s been 2 years since this report was published – where are we on disposing of Assets to help pay down debt? The Republican members of the Transportation and Infrastructure Committee recently released a report titled “Sitting … Continue reading →