Ricardo Bueno

If I'm a homeowner facing foreclosure, understandably I would feel like the world is closing in on me. Creditors are calling, the electric bill is due and I can barely cover my phone bill and have enough to buy a carton of milk. How do you expect for me to pay for my mortgage? Eventually you reac...

Para algunos, si no todos, parte de viviendo el Sueno Americano incluye ser dueño de una casa! Para los que me conocen, yo trabajo el área de Los Angeles; he refinanciado y e dado varios prestamos para compra de casa ha mi ser humano. Recientemente, le pregunte a un vecino en Cypress Park... Preg...

The House Committee on Financial Services issued a Press Release yesterday, December 14, 2007 on the passage of the new FHA Modernization Bill (S. 2338) in the Senate. From the Press Release: “I welcome the Senate’s passage of their FHA legislation.  We are in agreement that this is an important ...

The Science of Real Estate... Hmmm... Well, if you watched Redfin's debut on the Today Show, you know that it clearly isn't anything genius! Just simple PR and nothing more! Ok, maybe that's putting it a little harsh... But the reality is, any good Agent already knows these things. It's blatantl...

Question of the Week: Should I use a Home Equity Loan to pay off my debt? Here's a quick exercise in determining whether this move makes financial sense... You'll need a sheet of paper (or two), a pen (or pencil), a calculator (if you don't have one, it's basic math anyway), and the invoices/stub...

Countrywide's (the nation's biggest U.S. mortgage lender) production for the month of November 2007 totaled $23 billion in total mortgage loan fundings; that's a drop in production of 40% since November 2006! From Bloomberg.com: "Countrywide Financial Corp., the biggest U.S. mortgage lender, said...

Ok, so maybe this doesn't have anything to do with Real Estate...in fact, the only Real Estate related point here is that Realtors made the cut coming in at number 6.  The following is a list compiled by recent compensation experts in a recent Market Watch Report. "Almost no one in America would...

In much anticipation, the Federal Open Market Committee met today to discuss monetary policy and the outcome was yet another Fed Funds Rate cut; 25 basis points (.25%) down to 4.25%. From the Press Release: Incoming information suggests that economic growth is slowing, reflecting the intensifica...

Washington Mutual "is the latest lender to get out of the subprime mortgage business" and rightly so! With the market being the way it is, frankly they can't afford to hold such a portfolio. The unfortunate news for us and for employees is Job Cuts and tighter lending standards! From MarketWatch:...

We connect with each other daily through our blogs! Comments back and forth...emails...and occasionally, we pick up the phone and call the person behind the computer on the other end! That last action is a pretty unique experience. It's always great to meet a fellow blogger in person. If you're n...