Chuck's Blog

It simply amazes me that with all the problem loans that are made in the banking industry, that the banks can't understand why we as Realtors don't want them selling real estate.  With all of the recent bank failures and then wanting us to help them clean up their mess, it is absurd that they are...

With the $700 billion proposed bail out for Wall Street, I am amazed at the arrogance of some of the top officials in congress who think that this is suppose to help the average American.  It is like letting the fox in the hen house, again.  The banks who made these loans and the investors who bo...

BY DAVID HOGBERGINVESTOR'S BUSINESS DAILYPosted 9/16/2008In the midst of a housing crisis with its roots in easy money, Democratic lawmakers want taxpayers to once again back loans to borrowers putting up no money of their own.The House Financial Services Committee on Tuesday marked up legislatio...

While the full reality of a nationalized mortgage market may take a while to fully sink into the market's mentality, the immediate effect was a sizable drop in mortgage interest rates this week for well qualified buyers.  Most of the drop in rates was probably due to a "relief rally".  Investors ...

There is currently a move in Congress to put a moratorium on all bank foreclosures.  This is on heels of the recent government bailout of Freddie Mac and Fannie Mae.  It seems to me that if the government can bail out these big companies that maybe, just maybe they could help the ordinary homeown...

The Charlotte NC housing market is still moving ahead, though it had slowed considerably during the first 2 quarters of this year.  New home builders had about 12 months of inventory back in January, but now as we start the 3rd quarter, they are now looking at about 6-7 months inventory.  I use t...

You couldn't be a new lawyer with 143 days of experience and become a partner in a law firm. You couldn't get a job at McDonalds and become district manager after 143 days of experience.    You couldn't become chief of surgery after 143 days of experience of being a surgeon. You couldn't get a jo...

As you no doubt heard over the weekend, the federal government announced the takeover of Fannie Mae and Freddie Mac, the two companies that currently guarantee roughly 70% of all new U.S. home loans.This historic step should help stabilize and restore confidence in the U.S. mortgage markets and t...

I have recently learned in the last few weeks that Equifax, Trans Union and Experian have changed their scoring models for mortgage lenders new criteria.  Needless to say this was to be expected since the melt down of the sub prime market and all the foreclosures across the country. Since this ha...

There has been a move by the banks and credit unions that has some people very upset.  The banks have reduced the amount of a persons heloc or line of credit secured by their home in certain states.  This has been done without regard to an individuals home value, but across the board based on whe...