Where: 26xx Colfax Ave. North, in Minneapolis’ Camden neighborhoodWhen: originally on market March, ’08; canceled and re-listed — with a BIG price drop — todayWhat: 2,000 sq. ft . duplex (each unit 2 BR/1 BA)How (much): $18,900; tax assessed value (’09): $178,800Who: listed with RE/MAX Results Can you afford a monthly payment of $113? That’s...Read More
Credit Rating Agencies, Writ Small As a long-time lender, I would always trade off fico for equity. —email from Angelo Mozilo, Countrywide CEO (now charged with civil fraud), to a lieutenant What exactly is Mozilo talking about? Sub-prime lenders’ growing concerns, circa 2006, that the size of a borrower’s down payment was a much better...Read More
