Peter Buchsbaum's (peterbuchsbaum) Blog

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Mortgage Banker - Gateway Funding - NMLS#133257

ARCHIVED BLOG POSTS

2010 

The governments' latest attempt to curtail the anticipated foreclosure crisis is eerily similar to the bail out of AIG. I was always curious why after the first $85 billion loan we so readily wrote another check to the financial institution for another $37.8 billion dollars because they "miscalcu...
Posted about 4 years ago
I read the second article in two weeks giving accolades to Pennsylvania for helping homeowners stay in their homes. While the jobless may not be getting much help from the President's loan modification program, those in Pennsylvanians have a place to turn. The Pennsylvania Housing Finance Agency ...
Posted about 4 years ago
March 23rd 2010 our Treasury Secretary Tim Geithner promised to fix mortgages while testifying to the senate banking committee. To better understand the latest news from Washington I thought a little history was necessary.  During the Great Depression, as borrowers defaulted on mortgages banks fo...
Posted about 4 years ago
5 credit score killers   By Blake Ellis, staff reporterMarch 23, 2010: 8:17 AM ET NEW YORK (CNNMoney.com) -- As banks shy away from making risky consumer loans, a mediocre credit history just won't cut it anymore. To get the best rates on mortgages, credit cards and auto loans, you need a killer ...
Posted about 4 years ago
5 credit score killers   By Blake Ellis, staff reporterMarch 23, 2010: 8:17 AM ET NEW YORK (CNNMoney.com) -- As banks shy away from making risky consumer loans, a mediocre credit history just won't cut it anymore. To get the best rates on mortgages, credit cards and auto loans, you need a killer ...
Posted about 4 years ago
Treasury's Geithner Urges End to Fannie, Freddie ‘Ambiguity' By Rebecca Christie and Phil Mattingly   March 23 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner said the government should end the "ambiguity" over its involvement in mortgage finance companies Fannie Mae and Freddie Mac. "...
Posted about 4 years ago
Posted on Tue, Mar. 23, 2010 Bank-regulation bill headed for Senate fight By Jim Kuhnhenn Associated Press WASHINGTON - Republicans abandoned their effort to alter Wall Street regulatory legislation in a key Senate committee yesterday, leaving the fight for the full Senate, and clouding prospects...
Posted about 4 years ago
In Phila. area, home prices still stable By Alan J. Heavens Inquirer Real Estate Writer Sometimes, owning a house in a really dull real estate market isn't such a bad thing: When price bubbles don't inflate wildly, neither do they burst painfully. Take the metropolitan Philadelphia area's median ...
Posted about 4 years ago
Rates on 30-year mortgages edge up, but remain below 5 percent as Fed prepares exit WASHINGTON (AP) -- Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows. The average rate on a 3...
Posted about 4 years ago
If you like the status quo you should pass on this blog. If you are interested in being a part of a solution please make a comment on this blog as your signature to the petition below for change.  I read a lot of complaints on line in regard to the new "GFE" and the new HUD. I share in the compla...
Posted about 4 years ago
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Peter Buchsbaum

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