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  • 8 More Reasons Why a Double Dip Is Coming [View article]
    Retired from auto insurance business. Look for market to start down in Oct. Will go to 9000 for sure. Unemployment is really 20% when you count builders and subs I know out of business.,and people in small business not making any money is the same as being fired and drawing unemployment. A new home in my neighborhood was priced at 1,800,000 , ;bank took house back and sold for 900,000.
    Jul 30 12:34 AM | 1 Like Like |Link to Comment
  • Being decided in D.C. over the coming weeks is the Qualified Mortgage rule, promising to profoundly affect mortgage finance. Without a so-called "safe harbor," any future foreclosure could mean a litigation nightmare for lenders, meaning they're going to stop lending. Lew Ranieri says two "well-respected" mortgage companies are looking to sell, citing "regulatory uncertainty."  [View news story]
    This will slow the housing recovery. If lenders do not lend you can not sell now houses. It is going to be a lot harder to qualify. Another reason to get the government out of business. England and France here we come. We have had our 250 year run just like you did. Leaves us and goes to China for there 250 year run.
    May 7 04:41 PM | Likes Like |Link to Comment
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