Surprise – How the Japan Earthquake is Benefiting America

March 18, 2011

Usually the law of unintended consequences goes the other way, but in this particular case, the terrible tragedy Japan is facing has resulting in an unexpected windfall to America.  How?  Mortgage rates plunged over the prior week through the following manner: Investor flight to safety out of stocks and into Treasuries 10 Year Treasury Yield […]

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How Bad Would It Have to Get For You to Strategic Default?

March 8, 2011

According to data released this week (CNBC), 23 percent of US borrowers (over 11 million families), were holding “underwater” mortgages.  That equates to over $750 billion of negative equity.  That amount of mortgage debt is staggering.  Taking a step back and contemplating the shear magnitude of this number, I was thinking about just how bad […]

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Study: 33% Needed Thousands Extra to “Cash-In” Refi – Could You Do It?

October 28, 2010

You’ve gotta have money to make money, right?  Well, apparently, you’ve gotta have money to SAVE money also.  As this recent report shows fully one third of homeowners refinancing last quarter had to do “cash-in” refinances at closing.  Dropping home prices and tighter underwriting standards are driving this trend.  It’s gotta be a real kick […]

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Mortgage Rates Break New Records – How Low Can They Go?

October 7, 2010

Today, the benchmark 30 Year conventional rate fell to a fresh low of 4.27%, down from 4.32% last week.  Meanwhile the 15 Year rate was down to 3.72% from 3.75% last week.  This data comes from Freddie Mac each Thursday and the averages include points, usually in the 0.6-0.7 point range. What’s Driving These Insanely […]

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Beware: Realtors Do Better for Themselves than Their Clients

August 22, 2010

A few years back, the esteemed author of Freakonomics reviewed and provided commentary on a study showing that when realtors are selling their own homes (correcting for several factors so as to not influence the study), they leave their home on the market longer and get more money for their homes, all other things being […]

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Strategic Default Community Blog

August 16, 2010

The Newly-launched community blog offers hope to homeowners facing difficult decisions concerning their underwater homes. The website provides a place for homeowners to share their stories and find solace in knowing that they are certainly not alone in this struggle. is dedicated to underwater homeowners –struggling to make payments, contemplating strategic default, attempting […]

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