Is it really possible that Congress will waive its magic legislative wand and pass a bill to “forgive” banks for the potentially criminal errors they made in foreclosure proceedings?
In a blog column posted Friday, October 15, 2010 by John Carney, a CNBC editor, argues that lawmakers in DC won’t allow the country’s largest issuers of mortgages to suffer […]

Potential Good News for our Commercial Real Estate Partners (finally): Irrespective of the government’s motivations — wrestling between helping the commercial real estate market and bailing out insured banks — there is, nonetheless, an encouraging story in the WSJ regarding the “possibility” of commercial real estate help that may be on the way.
News Flash >> According to reports, federal […]

In todays WSJ there is a rather telling article entiled, Real-Estate Industry Pushes Fed to Lengthen TALF Terms, which may be of interest to our readers.

Acording to the piece, the real-estate industry is lobbying the Federal Reserve to modify a bailout program that many believe may avert a wave of commercial-property defaults.
Real-estate owners and investors […]

You may have noticed. Recently, we have been sitting on the sidelines, and resisted putting up a post, and for good reason.
First, stories regarding real estate, and the economic catastrophe we are experiencing, have been so over saturated and so over reported,  I’m just not sure what value we could have added for you. But most importantly, we have […]

This just in from www.PerotCharts.com. As outlandish as this idea may seem on the surface, some powerful House Democrats are actually considering proposals that would overhaul the twenty-five year old $3 Trillion 401(k) system, including the elimination of most of the $80 Billion annual tax breaks that 401(k) investors receive.
We present this information not because it […]

The House of Representatives on Monday, September 29, 2008 @ 2pm est., defeated a $700 billion emergency rescue package. As a result, stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor.
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Leaders in the U.S. Congress have agreed, as of Sunday September 28, 2008 —  to the details […]

Read Treasury Secretary Henry Paulson’s statement, unedited …addressing the root cause of the credit crisis.

September 19, 2008: 10:24 AM EDT
WASHINGTON — Statement by Treasury Secretary Henry M. Paulson.
Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris Cox and I had a lengthy and productive working session with Congressional leaders. We began a substantive discussion on […]

The omnibus housing bill, otherwise officially know as Foreclosure Prevention Act of 2008, passed  in a 72-13 vote Saturday (July 26, 2008), the Senate concurred with previous House amendments to HR 3221.
In effect, the passing of this bill, grants the Bush administration’s request to give the Treasury Department the temporary authority to buy an unlimited amount of the […]

Effective June 1, 2008 Maryland Senate Bill 363 went into effect, basically eliminating all lenders from closing any Alt Doc loans (NINA, NO RATIO, STATED Loans) where income has not been documented to show the borrowers can afford the monthly payments.
Maryland is the fourth State (West Virginia, Minnesota, and Ohio) to pass this type of […]

Amongst all the clutter (and there is surely tons of clutter in the news these days), here is some truly worthwhile reading regarding: “Why a Housing Bailout Won’t Help,” from the Wall Street Journal’s Holman Jenkins, Jr.
Most of us have read the anti-bailout arguments. What makes this piece so very interesting is Holman’s analysis of […]