Friday, December 17, 2010

Geithner Gets Hammered, Less Foreclosure on HELOCs, and HR 6460

In this week's video, Aaron Norris of The Norris Group discusses housing data released by DataQuick and First American CoreLogic, the increase in housing starts according to the NAHB, Timothy Geithner's defense of the TARP program and HAMP modifications, the reason for people defaulting according to the Federal Reserve Bank of Philadelphia, the Dodd-Frank Act, and the proposed H.R. 6460 bill which would disallow Fannie and Freddie from buying loans in the MERS system. He also discusses upcoming events including the radio show with John Daurio of Kondaur Capital Corp. and lets everyone know that The Norris Group will be on break beginning December 24-January 2. See for more info on hard money loans and for information on trust deed investing.

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