Christopher Shearer By Nick Timiraos Associated PressBank of American and Countrywide offices in Pasadena, Calif., last year. Bank of America is retiring the Countrywide name and rebranding the home mortgage lender as Bank of America Home Loans. The Charlotte-based lender acquired Countrywide l
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04/29/2009
christopher shearer By Dawn Wotapka Here's a sunny take on the bevy of empty condos cluttering up downtown Miami: The area may become a renter paradise. Investors and second-home buyers account for a stunning 60% of the nearly 13,000 new condo units sold in downtown Miami since 2003, according a
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04/29/2009
In an effort not to beat a dead horse this will be short, sweet (?) and to the point. The head of the FHFA, James B. Lockhart, also the former Director of OFHEO, initiated the Home Valuation Code of Conduct to (paraphrased) "help curtail fraud between loan officers and appraisers". How will it hu
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04/28/2009
Christopher Shearer Does anyone see anything wrong with the unions causing the car companies to be unprofitable, then when they are failing taking them over? Once the Union is the owner of the company, wouldnt that be a conflict of interest with thier union members? Would they be representing th
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04/28/2009
Christopher Shearer Rates on long-term home mortgages are lower than short-term home loans, according to Freddie Mac's weekly survey. "Interest rates for one-year ARMs exceeded those for 30-year fixed-rate mortgages over the last two weeks; this is the first time this has happened since Freddie M
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04/28/2009
Chrisotpher Shearer By JESSICA HOLZER WASHINGTON -- The Obama administration on Tuesday will unveil a fresh set of incentives for mortgage servicers to help strapped homeowners, a senior administration official told Dow Jones Newswires. Under a new program, the government will pay mortgage servic
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04/28/2009
Christopher Shearer Pursuant to the Home Valuation Code of Conduct (HVCC), on May 1, 2009 lenders will no longer accept appraisal reports completed by an appraiser selected, retained, or compensated in any manner by any realtor, mortgage broker, customer or any other third party. Lenders will onl
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04/27/2009
Christopher Shearer Beware of Foreclosure Rescue Scams - Help Is Free! The free government website is: www.makinghomesaffordable.gov There is never a fee to get assistance or information about Making Home Affordable from your lender or a HUD-approved housing counselor. Beware of any person or org
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04/25/2009
Christopher Shearer Talking Points: Pursuant to the Home Valuation Code of Conduct (HVCC), on May 1, 2009 lenders will no longer accept appraisal reports completed by an appraiser selected, retained, or compensated in any manner by any realtor, mortgage broker, customer or any other third party.
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04/24/2009
Christopher Shearer Christopher Shearer here, the best way to increase your business is by mastering the art of networking. Nobody understands this concept better than Dr. Ivan Misner. Dr. Misner is the founder of BNI or Business Network Int'l., the world's largest networking and referral organiz
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04/24/2009