New Orleans There was a startling AP story by Michelle Conlin and Tamara Lush that thudded on my porch a couple of days ago that opened my eyes to another dimension of the foreclosure fiasco that continues to seep the country: the finances of homeowners’ associations. I can remember taking a look at these …
Tag: homeownership
New loan restrictions will violate the Community Reinvestment Act
New Orleans Sometimes they simply protest too much, and sometimes strange bedfellows are simply bedfellows caught strangely. This would be my summary on the team being put together to in Washington to whine about some of the new mortgage lending rules that the Mortgage Bankers Association, never a group that I would pick for the …
Scared to Buy Homes
New Orleans The article in the local paper was breathless. How could it be that homes were going without buyers even though prices – and interest rates – were almost at a 40 year low point? Having drunk the Kool-Aid for so many years how was it possible that the number of American families wanting …