Total Loans of 125% of Appraised Value? Hope Not…

I just received this e-mail from a local lender (and no, I’ve never worked with this person just to be exceedingly clear).  I’m hoping it’s a joke… Just a quick note to let you know that Fannie Mae’s Refi Plus program allows for a total loan-to-value of up to 125% of the appraised value. With …

Is Goldman Sachs a Real Estate Barometer?

It’s easy to get all hot under the collar when discussing Goldman Sachs. You remember Goldman, right? Back in 2006, the firm began to hedge its exposure to home loans and managed to get rid of all of its mortgages and mortgage-backed securities before the bottom fell out of the subprime market. As a result, …