Real Estate News

*Sixty-percent of Americans say it is “never OK” for home owners to stop making payments on their mortgage, according to a new survey of 1,000 American adults. Read more:
*I think this is fairly obvious: Casual comments can cost a home buyer or seller
*Mortgage mess: Who really owns your mortgage? As it turns out, Wall Street cut corners when it bundled homeowners' mortgages into securities that were traded from investor to investor. Now that banks are foreclosing on people, they're finding that the legal documents behind many mortgages are missing. So, what do the banks do? Read more:
*According to report yesterday in American Banker, even while the economy took a beating and unemployment soared, average pay in the banking industry continued rising at the same rate as it had before the financial crisis [1]:
The clear trend, in both nominal and absolute terms, is up: Over the last eight years, average compensation for a full-time bank employee has risen 35% to $83,050, twice the rate of inflation. In 2003, the banking industry's 1.3 million full-time employees took home $78.3 billion. In 2010, its 2.1 million employees took home $168.1 billion. Read more:
*Read the April issue of my Homeowner’s Newsletter
Related Posts: Shhh, home sellers, what are the four questions you should never answer?
Mortgage Walker







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