From the monthly archives:

September 2008

More Tax Incentives for San Mateo First Time Buyers

September 11, 2008

Last month we outlined the details of the $7,500 tax credit offered to San Mateo first time home buyers. Here is another tax incentive offered to San Mateo first time home buyers (or someone who has not had ownership interest in a primary residence in the last three years). Are you Down with MCC? The [...]

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Fannie Mae & Freddie Mac in Bed with the Feds?

September 8, 2008

  Yesterday the government seized control of Fannie Mae and Freddie Mac. For those in the know, this is huge news, but for those who think this sounds like an episode from the Beverly Hillbillies, let me help fill you in. Fannie Mae and Freddie Mac provide a secondary market for banks and other lending [...]

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CNN Money: Pick-a-Payment Loans Turn Poisonous

September 4, 2008

  As I was doing my usual scan of the morning news today, I came across this article at CNN Money: Pick-a-payment loans turn poisonous. Since there’s a lot there to read, I’ll be brief. The article explains how and why people get into trouble with “pick-a-payment” mortgages (a.k.a. option ARMs). As I’ve said here [...]

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Happy Labor Day!

September 1, 2008

It’s Labor Day Today is Labor Day and as I sit in the Burlingame Starbucks having a relaxing day off, I realize that I have no idea the reason for Labor Day. To me, Labor Day weekend is the start of the college football season, which I have been waiting for since the end of [...]

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