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The Mortgage Crisis

Below, I have linked to a few articles, I thought were illustrative of the issues being faced in the mortgage and closing industry and the direction the industry may take in the future. No endorsement of any viewpoint is made other than I found these articles more interesting than others.

New Construction Far From Recovery
Posted by: Chesley Payne
October 18, 2009

This article highlights that while there is some good news in the real estate market, the demand for new homes is still far below what could be defined as a "recovery".

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Mixed Numbers on Alabama Real Estate Sales.
Posted by: Chesley Payne
September 27, 2009

Some of the information concerning real estate sales in Alabama is better.

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Foreclosure in Alabama: The Right of Redemption
Posted by: Chesley Payne
May 17, 2009

As foreclosures have been a concern for many in this economic climate, it is important to know Alabama law provides significant protection for foreclosed homeowners through the right of redemption.

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The Stimulus: Will It Help Re-Ignite the Real Market? Probably Not.
Posted by: Chesley Payne
February 22, 2009

This article, while focusing on the San Francisco market, makes an excellent point about how Congress has stripped the provision with the possibility of providing the most immediate impact: the $15,000.00 tax credit for the purchase of a new home.

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Foreclosure Help
Posted by: Chesley Payne
November 16, 2008

The time to deal with a foreclosure is NOW. As in, RIGHT NOW.

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Various Articles on the Mortgage Crisis
Posted by: Chesley Payne
October 12, 2008

http://nymag.com/news/businessfinance/bottomline/49938/

This is a hopeful article by Jim Cramer of "Mad Money" on MSNBC. We can only hope the majority of what he opines is correct.

http://www.businessweek.com/magazine/content/08_42/b4104036827981.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis

Interesting article on the failure of certain regulators who were blowing the whistle well before our present situation and its effect on our present status.

http://www.chicagotribune.com/business/chi-sun-crisis-psychology-vaguaroct12,0,3780884.story

An article showing the vicious cycle that is our current economic situation

http://seattletimes.nwsource.com/html/nationworld/2008257397_econ12.html

A Quick review of  the Bush Administration's rethinking of its economic bailout plan.

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Recent Updates

October 18, 2009
New Construction Far From Recovery

October 11, 2009
FHA: Creating a New Bubble?

October 04, 2009
Appraisals Trending Downwards

September 27, 2009
Mixed Numbers on Alabama Real Estate Sales.

September 27, 2009
First-Time Homebuyer?


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