Zillow announced a while back that they are launching a new mortgage service for the users of their site. They must be getting close, because they are currently recruiting for an industry relations director for their new mortgage opportunity. Todd Carpenter over at Lenderama started a discussion about what possibilities this new venture […]

I got into a conversation with one of my friends why would someone buy a house from me Sub2. Let’s look at the deal like this: $5,327 down and take over payments of$1,307 per month, you will buy $14k worth of equity. Which in essence means, that you are taking over payments on a mortgage […]

I got into a conversation with one of my friends why would someone buy a house from me Sub2. Let’s look at the deal like this: $5,327 down and take over payments of$1,307 per month, you will buy $14k worth of equity. Which in essence means, that you are taking over payments on a mortgage […]

I got into a conversation with one of my friends why would someone buy a house from me Sub2. Let’s look at the deal like this: $5,327 down and take over payments of$1,307 per month, you will buy $14k worth of equity. Which in essence means, that you are taking over payments on a mortgage […]

Thanks to my boy Mario for the tip and Happy Halloween to all the Blown Mortgage readers!

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In this edition of the Blown Mortgage Podcast Interview series we talk with Yves Smith, author of NakedCapitalism.com. Yves, a Harvard Business School graduate and frequent contributor to top business publications around the globe, joins us to talk about Structured Investment Vehicles, what the Fed will do tomorrow and much, much more.
If you wanted […]

Coming upon us tomorrow is one of the most critical Federal Reserve Board meetings arguably since the one held after 9/11 as markets watch with anticipation to see if the Fed cuts rates or holds them pat.  Most people are betting on a quarter-percent rate cut; but others aren’t so sure.
To be honest, after last […]

In a city afraid of heights, the advent of an 80-storey condo tower can be counted on to set off howls of outrage. Yet if history is any indication, once the screaming has subsided, Torontonians will be lining up to buy units in One Bloor East.
The $450 million project on the southeast corner of Bloor […]

A consumer-advocacy group called the Americans for Prosperity is spearheading a coalition effort of approximately 15 groups in an anti-government subprime mortgage bailout campaign. The campaign kicked off with a letter to all members of Congress calling for the government to resist bailing out home owners who took losing gambles on subprime mortgages.
From the […]

Recently I had a discussion with a friend about differences of investing in stock market versus real estate. Buck for buck historically stock market wins, but there is a really big but. That big rear end is called leverage. Leveraged real estate outperforms any other kind of investment hands down.
Leverage is ability to use OPM […]