A new round of mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose on the home.-backed securities lawsuits are making their way through the system. Mortgage lenders are charged with improperly reselling mortgage loans as shoddy investments. The housing market continues to try to make its way back. And as usual, providing personal finance advice, real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. advice and consumer advice on the Ilyce Glink Show on December 9, 2012 at 2:00pm Eastern Time on WSB Radio.
We’re at a different time this week due to the Christmas Kids’ Show, which always puts me in a holiday mood. And I’m also about to go over the 5,000 Twitter follower mark (@glink) so that’s exciting too. We’re only on for an hour on today’s packed show. Let’s get started.
I’ll be hanging out at the station tomorrow to plan our next event, which I believe is coming in April. Investing in real estate will be the general topic. We have some very interesting people who are going to talk to you about everything you need to know in advance of the spring sales season, peak time for the housing market. We’ll have more details and a formal announcement after the first of the year so look forward to that.
So this week we heard about a fresh round of mortgage-backed securities lawsuits. The suits assert that big banks and mortgage lenders sold shoddy mortgage-backed securities, otherwise known as the repackaging of mortgage loans. The mortgage lenders have already committed to $100 billion in settlements but now regulators and insurers are back for more.
What’s next in this housing market development? Stay tuned.
You can get more personal finance advice, real estate advice and consumer advice by listening to this radio show and by listening to my other radio shows. Simply download them to your phone or audio player. You can also read our articles on real estate, credit, and consumer advice articles as well.