Before I get started I did want to tell you that this morning I was watching the business news and it seems that financial stocks are on the rise and all of the talking heads (who for the last few months had nothing good to say about the stocks) are now talking about a turn around in the second half of '08. Evidently, Godman upgraded a bunch of them this morning.
Does this mean the bad news is over?
No, everyone agrees that there is probably more bad news to come, however, they also think that the market has priced the bad news in.
Now to today's mortgage news that I've found.
- States Mortgage Relief Programs Aren't Helping Much Wall Street Journal - Apr 4, 2008 - By RUTH SIMON As the Senate continues work on its $15 billion mortgage relief bill next week, states will be keeping a close eye on one measure: it would ...
- Cash For Keys - A Way To Keep Foreclosures From Being Trashed (I talked about this one here)
- Sen. John McCain of Arizona proposes rasing the minimum down payment levels for mortgages.
- A Road Not Taken by Lenders New York Times, United States - Apr 5, 2008 - Lenders still do not routinely check borrowers’ incomes with the IRS, Mr. Summers said. This seems odd, given how easy it is to hop onto the Internet and ...
- Lenders retreat as housing market plummets San Francisco Chronicle, USA - Apr 5, 2008 - As the nation's housing market swoons, lenders are tightening their grip on their money. Last month, that credit crunch reached Brent Meyers. ...
- In Today's Market, Mortgage Doesn't Come Easy
And there you have it...have fun!
Got a question for Scott? Feel free to call him directly at 360.216.1762
