Mortgage Guide 101 Blog

February 2007 - Posts

More news that points to the slowing housing market: new home sales hit their lowest levels in 13 years, according to an article on CNN Money. This is yet another indication of a housing glut, and a continuing correction in the housing market. The drop Read More...
Posted on February 28,2007

Have you been offered a home worth $2 million for a paltry $1.5 million? If so, you could have been targeted for a house-flipping scam that focuses on investors, according to an article on Realty Times. We've been following house-flipping and its demise Read More...
Posted on February 27,2007

I'm not joking: the same thing that's happening to North American farmland because of corn and canola is happening in Ghana because of the jatropha seedpod. According to an article in the Toronto Star, Norwegian, Indian and British companies are already Read More...
Posted on February 24,2007

According to an article on Knowledge@Wharton, subprime lending could be in trouble. We've already seen that with recent lender problems with defaulting loans. In fact, the lenders in most trouble are the subprime lenders. Many are now talking about the Read More...
Posted on February 23,2007

Want to invest in real estate? What about a nice piece of prairie farm land? Prices are up over 35% in Idaho. Don't live in the US? No problem. You could have had a 20 percent return if you bought land two years ago in Saskatchewan. Why the boom in Read More...
Posted on February 22,2007

Glenn Ross of the AllBusiness blog submitted a challenge to other bloggers: suggest 12 topics that you would blog on if you owned a business (insert business type). I decided that someone should write about 12 topics that I would blog on if I owned a Read More...
Posted on February 19,2007

Now, even the realtors can't put a good face on this: according to an article on CNN, the National Association of Realtors has released a new report which shows that prices are down almost 3% right across the US versus a year earlier.Of metropolitan Read More...
Posted on February 16,2007

It was bound to happen. An article today at Money.CNN.com highlights the woes of a couple who have made a lot of money on house flipping, and are now stuck with a house that won't move.At MortgageGuide101.com, I've been following house-flipping for some Read More...
Posted on February 14,2007

According to an article at Realty Times, almost half of consumers are expecting the impact of a bursting housing bubble to visit their neighborhood in the next three years. Where prices have already dropped, consumers aren't sure if the slide has stopped Read More...
Posted on February 13,2007

According to an article in Toronto's Globe and Mail, the two biggest lenders in the subprime mortgage market are reporting much bigger losses caused by delinquent loans. Both HSBC Holdings PLC of Europe and New Century Financial Corp are having to Read More...
Posted on February 9,2007

Apparently, there are about 1 million homes sitting on the market in the US right now. In an article on CNNMoney, economist David Rosenberg of Merrill Lynch says that another downturn could be imminent. With such a large inventory of homes, combined with Read More...
Posted on February 8,2007

Susan Lawrence will be keeping her home, and will not be paying off a mortgage to Maple Trust, after the Ontario Court of Appeals reversed its decision on a previous mortgage fraud case, according to an article in the Toronto Star.In fact, the Court had Read More...
Posted on February 7,2007

A Reuters article quotes U.S. Senator Christopher Dodd, who says mortgage lending practices are "out of balance", and that borrowers in the subprime market need to be protected.  Subprime mortgages are loans that are available to those with lower credit Read More...
Posted on February 7,2007

Here's something I had been suspicious of, but didn't have any proof for: an article at Realty Times indicates that appraisers are being pressured to keep the prices of homes high. In fact, according to October Research Corp., the principal sponsor of a Read More...
Posted on February 5,2007

Conservation is coming at us from all directions. Love it or hate it, infill building is one of the latest trends that just won't go away. Not everyone wants this kind of building. Still, infill building is becoming increasingly popular in many large Read More...
Posted on February 3,2007

We have yet another report today that consumer confidence was up in January. According to a report on CNN, we have actually had 3 % inflation in the US for three months in a row.Can higher interest rates be far behind? Well, it would seem to me that the Read More...
Posted on February 2,2007

Don't know about you, but I didn't expect this. After all, the current consumer confidence rates were good last week and the Fed didn't change the overnight lending rate this week.With all the good news, it seems that the mortgage industry decided to go Read More...
Posted on February 1,2007

Well, the blog got an overhaul and I got a new address: after much consideration, I'm now located in the Toronto, Ontario area. I'm a Canadian citizen, so it seemed to make sense to raise my young family closer to my kid's grandparents and uncles.We'll Read More...
Posted on February 1,2007
Advertiser Links for mortgage