60 Minutes: Who Owns the Mortgage?

Here is a interesting episode that ties is with my post from Feb. 2009 about the mortgage backed securities mess and sheds light on the "robo signing" of fictious documents.

Blame enough to go around for everyone.....the government for encouraging risky loans, lenders giving them, home owners that took the bait that their home would only go up in value, and back to the lenders for foreclosing on loans they may not have a right to- that's my opinion.

Mining Truck

Thanks to Dave Taylor for this photo of one of the big rigs they use out at one of the mines. Gold is $1400+/oz! Probably took what- 10- 20? pounds of it to pay for that truck though- not a cheap operation to get that gold from the gound.

NPR Morning Additon- Las Vegas Housing

Although this is not related to Elko, I thought it was interesting to hear about how the deflated housing market there is enabling lower income buyers into the market.

The second part of the audio clip explores the pros and cons of Fannie Mae/Freddie Mac in the mortgage industry. Worth a listen! What do you think- should our good 'ol Uncle Sam be backing mortgages?

A Day Made of Glass... Made possible by Corning.

See what Corning Glass has envisioned for our future- at home, at work, at play. However, the one thought that kept going through my mind was how smudged up the glass was going to be!

Seller's Disclosures

Good article about the importance for seller's to disclose information on their property. Key phrase in article:
"If you ask yourself if something should be disclosed, it probably should".

Housing Industry

The housing industry sales info is in- and it isn't all roses. Of course our local economy is kicking butt with gold at $1400+/oz now, but we are not immune from outside influences. It seems that with lower prices and reasonable interest rates, for those who expect to be here for some time and with rents being what they are, it may be an ideal time to buy.
Give me a call~ I'd love to help you!

Uncle Sam want YOU to have more skin in the mortgage game. What President Obama's ideas will mean for the home buyer.