Fw: Inman PM: Borrowers look like IEDs to lenders

John Rose
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From: "Inman News Headlines" <dailynews@inman.com>

Date: Fri, 04 Jun 2010 12:33:29 -0700

To: <JOHN@johnjrose.com>

Subject: Inman PM: Borrowers look like IEDs to lenders

Today's Top Real Estate and Technology News - View this e-mail as a Web page

ADVERTISEMENT Win a FREE iPad! Register now for Real Estate Connect SF by June 4, 2010, to be entered in a new iPad drawing! Don't miss out on the best conference in the industry. (Sponsor: Get a Sneak Peek at the NEW Homes.com) Register Today » TODAY'S TOP STORIES = Premium Member News - Join Now » Friday, June 04, 2010 Borrowers look like IEDs to lenders By LOU BARNES Today's payroll flop -- only 20,000 real jobs created in May -- will take some time to settle all the way in. Immediately: 10-year T-notes are 3.22 percent (from 3.36 percent yesterday and 3.99 percent six weeks ago), and mortgages are below 5 percent. More » Handling agents' 'quick questions' The Wheel Estate Cam: Episode 26 A recipe for housing bubbles Analyst says development restraints inflated prices Navigating FHA condo roadblocks Home Sale Hindsight Synthetic decking gets bad rap Lawsuits against one manufacturer cast doubt on quality, recourse Better, cheaper solutions for traffic control Urban planning's black eye OTHER TOP STORIES Negotiate face to face, not by fax California may expand protections for distressed borrowers Principal reductions may catch on Trulia launches rent-vs.-buy index Bumpy road ahead for overseas property Does racism threat justify lease-breaking? Latest News »	ADVERTISEMENT Agent Reboot is coming to a city near you! Agent Reboot, a power-packed, low-cost, local event for real estate professionals, launched in 12 cities. Don’t miss out on this invaluable, hands-on training event. Only $99! Register Today! READER COMMENT "Would I walk away? I already have. I have absolutely no guilt about doing it. A mortgage is more than a contract. It is a covenant, meaning it requires good faith by its parties in its execution. When a contract is designed and executed by one party, with an intent other than the purpose of making a good mortgage with a partner, then the contract by nature is not of good faith. When a contract cannot by mitigated in its problems by the honest efforts of its parties, then the contract by nature is not of good faith." --Eric James TARA-NICHOLLE NELSON: Recent Columns Why some sellers insist on cash Broker fights for commission on expired listing Shake your addiction to debt More Tara-Nicholle Nelson» ADVERTISEMENT SPECIAL 99 CENT OFFER: Read and Watch a GREAT real estate story on your iPad or your iPhone for only 99 CENTS! Watch Now!
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