60 Year Old Couple Lose Their Jobs And Their Home…Middle Class Disappears
In 2008, David LaRochelle and his wife, Debbie, owned two houses: a single-family home in Southern Florida and a double-wide mobile home in Plains, Georgia, near her parents. They both worked at a resort hotel in Islamorada, Florida and earned a combined income of...
Does the Government Have Authority in Private Label Mortgage Securities?
By: Diana Olick Today the FHFA, overseer of Fannie Mae and Freddie Mac, made an unprecedented move, issuing 64 subpoenas to "various entities," seeking information on private-label mortgage-backed securities in which the two invested, specifically "the contents of...
HAMP Help for Unemployed Homeowners
In order to apply for this program, your servicer must be a participant in the government's Home Affordable Modification Program (HAMP). You can check the HAMP website to find out if your servicer is a participant. If your servicer is on the list, then you can phone,...
Microsofts Paul Allen Pays $25Million on Malibu's Billionaire's Beach
Here are a couple of celebrity real estate tidbits to pass along as we recuperate from our July 4th holiday weekend: Paul Allen Buys in Malibu: TechFlash (by way of Wall Street Journal) reports that Microsoft founder Paul Allen bought a contemporary Malibu beachfront...
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