Top Rated Attorney

Private Mortgage Insurance Paying Underwater Borrowers

separator

PMI Group, a private mortgage insurer, has announced that it will be paying some borrowers cash to stay in their homes. The goal of the program is to prevent mortgage defaults, which naturally cost the insurer. Through its subsidiary, Homeowner Reward, borrowers who are underwater on their homes and choose to participate in the program […]

Read More

Using Nontraditional Credit Data

separator

The modern credit score carries with it so much meaning for most Americans that it has become part of our identities. Potential employers use it to gauge our trustworthiness and consistency. Creditors use it to determine whether to lend to us. Government agencies use it during security clearances and background checks. There is a lot […]

Read More

Foreclosures Slowing Nationwide

separator

Looking at the statistics for April 2011, the pace of foreclosures and trustee sale notices has slowed dramatically compared to last year. In Los Angeles the rate is down a full 17.41%. This slowing of foreclosures, however, does not necessarily mean less families are in trouble. Many still are. Rather, the slowing is likely indicative […]

Read More

Rent vs. Buy Calculator

separator

Depending on who you ask, it always seems to be a good time to buy real estate for one reason or the other. The current flavor of argument goes something like this: The housing market has either bottomed out or does not have too much further to fall; Mortgage interest rates are at historical record […]

Read More

New York Times Features Cave Creek Housing Crisis

separator

A short piece appeared in the Business section of the Times on March 22, the subject of which was Cave Creek, Arizona.  The article, available here, is entitled “Microcosm of Housing Crisis on an Arizona Street.”  It profiles several families living on the same street in Cave Creek and their differing experiences during this housing […]

Read More