Explaining Mortgages It is apparent that the news media, Congress, Treasury, homeowners, Wall Street and banks do not understand mortgages. They all talk about banks giving a homeowner a mortgage. Wrong! ...more

March 24, 2009

In the past two months, the median home price in Highlands County has fallen below $100,000. ...more

February 27, 2009

In reading "Tax 'Mess' Muddles Short Sales Of Homes" (front page, Aug. 13), it appears this is a great opportunity for our legislators to shine and come up with a common-sense solution. At issue here is whether the document stamps apply to a mortgage balance or the final selling price of the house in a short sale, where the mortgage lender accepts less for the house than what is owed. ...more

August 15, 2008

Guess who holds your mortgage now? It's your friendly neighborhood hedge fund. Dozens of hedge funds, private equity groups and other investors have plunged into the beaten-down mortgage market in recent months, buying tens of thousands of distressed loans and foreclosed properties around the country. ...more

July 31, 2008

Where politicians and bankers see vexing liabilities in defaulted mortgages and foreclosures, Robert Lee sees opportunities as he picks up the pieces of the housing bust. ...more

July 15, 2008