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W Michael Keller's Advice

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W Michael Keller wrote:

It has been proposed that lenders meet further requirements.
It has been proposed by the Fed that lenders be required to make sure prospective borrowers have the ability to repay their mortgages.  (I thought that was some thing we already were suppose to have in place)  The Dodd-Frank financial reform law is intended to tighten lending standards and combat home lending abuses.  The rule would establish minimum underwriting standards for most mortgages and lenders could be sued by the borrower.  Apparently if the standards are met then they are protected against a borrowers ability to repay the loan?  I would assume that income, employment and the amount of debt they have would be a general standard...something I would assume we already have in place...no?
May 04 2011
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What recommendations has the Obama adminstration offered to reduce Freddie & Fannie?
What are the recomendations of the Obama administration for phasing out Fannie and Freddie?  Increased fees and reducing the size of their loan portfolios....thereby creating froom for private lenders to move into the market?
May 04 2011
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What Are, if any, the advantages of getting rid of Freddie & Fannie
Can you list the ways that it would be advantageous for the Republicans to be able to fulfill their desire to rid the RE market of Freddie & Fannie?  They apparantly want the residential mortgage market to bear the burden of the nation's $11.3 Trillion.
May 04 2011
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High Cost Home Loans Backed by Fannie and Freddie Are Dropping
Are high cost areas , SF, NY,&WA d.c, Freddie and Fannnie loan amounts dropping to $625,500? 
May 04 2011
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What about the Bin Laden Family Home That Is For Sale In Orlando?
Not lived in since 2001 and 4.0 million invested, the Bin Laden family has listed the house for 2.0 million.  For a full price offer they are willing to throw in a recreational property and a cave in Pakistan.
May 04 2011
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What is a chattel loan?
What is the meaning of a chattel loan and how it applies?
May 03 2011
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Hire a surveyor before buying or selling a piece of real estate?
Should a buyer or seller hire a surveyor before purchasing a land with or without a house?  Or rely on etc.?
May 03 2011
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What is the capital gains tax on a gifted million-dollar house?
Does anyone know what the capital gains tax would be calculated on a gifted million-dollar house?  28%?
May 03 2011
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How long does a lender have to inform a client of a missed or late payment?
Does anyone know how long does the lender have to inform their client of a missed or late payment?
May 03 2011
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Water Heaters With or WO Being On A Raised Platform?
What would you do if the inspector says that the water heater does not have to have a platform because the house is older than 1960.  The gas company says it does.  Who is liable?
May 03 2011
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