Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.
The New York Times discussed the new (www.nytimes.com/2007/08/19/washington/19hospital.html?_r=1&hp&oref=slogin) Medicare policy directive being published next week. It basically says that Medicare won't pay for hospital errors.
So, if a hospital causes you to have an infection, bed sores or a…
Topics: insurance, consumer advice, health insurance, medicare
Is this what it has come to with exclusive buyer agents? Here's a letter I just received:
Dear Ilyce:
First of all, I want to THANK YOU FROM THE BOTTOM OF MY HEART for writing the wonderful book - 100 Questions Every First time Home Buyer Should Ask. You have touched upon ALL the essential points that…
Topics: real estate agent, first time home buyer
The good news continues. Housing starts in July, 2007 were 1,381,000, down 6.1 percent from June.
The bigger news is that housing starts are down nearly 21 percent from last July.
Permits (which is what developers have to pull before they can actually start building) were 1,373,000, down 2.8 percent…
Topics: mortgage, new construction, housing market, building permits, builder
The news this morning that Countrywide has borrowed about $11 billion from 40 banks is enough to give anyone pause.
While that sounds like a lot of cash, it will only fund about 36,000 $300,000 loans. Countrywide then has to turn around and resell those loans on the secondary mortgage market. Which…
Topics: mortgage, mortgage loan, mortgage lenders, credit crisis, freddie mac, fannie mae
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