Luxury Mortgage Blog

        There is not much debate at this time about whether or not certain segments of the housing market are in fact in a crisis, but rather the real issue is how we deal with our current situation.  Some advocate letting the free markets play themselves out with little government intervention.  Ron Paul, the conservative […]

As expected the Federal Open Market Committee voted to cut the fed fund rate by 25 basis points to 4.25% today.  Central bankers were a little wimpier with their discount rate cut – clipping the rate by 25 basis-points rather than the 50 basis points many analysts had anticipated. The Committee only made […]

As you are likely aware, the state of the mortgage market has changed considerably in the past few months.  First off, very few lenders still offer Foreign National or Non-Permanent Resident financing.  If you are a Foreign National or Non-Permanent Resident your available options have decreased considerably and you need to be aware of your options. 
Here are the Non-Permanent Resident […]

A few months ago, when the ELAD group purchased the New Frontier land for $1.2 billion dollars they set a new price per acre record.  This morning at 2:30AM they set their demolition and future construction plan in action.  The demolition of the New Frontier makes room for their $5+ Billion dollar larger than life replica of the […]

Many years ago a borrower would visit their local savings and loan to obtain a mortgage. The Loan Officer at the bank would approve the mortgage and fund it with money pooled by its depositors. This system worked well until the bank lent to the extent of its deposits, at which time customers were turned […]