Third Quarter Results in Emergance of New Cities in Foreclosure Troubles

Today’s article in The Truth About Mortgage.com it was reported that new, previously unaffected metro cities around the US are being bitten by the Foreclosure bug: Chico, CA 98% increase over last year Reno-Sparks, NV up 80% Prescott, AZ up 77% Jacksonville, FL...

New Home Buyer Credit Extended…Senators Agree

This is great news and it’s with bi-partisan agreement. It appears that the first time home buyer credit will be extended…but no specifics. Talks have it so that the plan may be: in place through the end of 2010. May be a “step-down” plan that...

Wells Fargo Customers Win 1 Year of Free Mortgage Payments

If you’re a current Wells Fargo Mortgage customer you can win up to $60,000 in mortgage payments for 1 year.  All you have to do is: if you sign up for Wells Fargo Online and simply click through to your mortgage account if you sign on and view your mortgage...

Bank of America and Citi on the Brink of Failing?

On the heals of Citi’s announcement of $1Billion + losses this quarter…Bank Of America announces $2.24 Billion in losses. I think we all know the truth…these banks are insolvent. CEO’s just can’t admit it when they have failed.  It would...

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