The KCM Blog

November 2010

Are Foreclosures Spreading To Your Neighborhood?

November 3, 2010

First, there were the foreclosures caused by sub-prime loans. Then, there were the foreclosures credited to the exotic Alt-A loans. Many of these loans were written in the states that had the highest increase in real estate values – California, Nevada, Arizona and Florida. Because the majority of these loans were taken in these states, [...]

Read the full article →

Where Are Interest Rates Really Headed?

November 2, 2010

Almost every mortgage expert predicted that interest rates would skyrocket earlier this year as the Fed backed out of purchasing mortgage-backed-securities. They were wrong and most have refrained from making any new projections ever since. Last week, our own friend and adviser, Dean Hartman, said they may go lower. This week, Market Watch reported on [...]

Read the full article →

The New Foreclosure Mess: An Update

November 1, 2010

Banks have lifted their freeze on foreclosures. It seems a doomsday scenario will be averted. There is no way to absolutely predict what the fallout will be from the banks’ negligence in  their foreclosure filings. There will be lawsuits and some will cry out for the banks to make forms of restitution to injured parties. [...]

Read the full article →

Next Entries →