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foreclosures: Mortgage PRO Week in Review -- 12/03/07 through 12/09/07 - 12/10/07 03:42 PM
I was honored when Jeff Belonger asked me to write this review, until I realized that I was also following Tom Burris, and Sarah Eubanks, who did an excellent job on their insight into the mortgage industry for their respective weeks! I will begin by saying that there is so much talent on this website alone, that we could probably solve the current real estate environment a lot faster, and a lot cleaner than our politicians on both sides of the aisle can. At the very least, if they merely listened, we'd have a soft landing, not an all out crash and … (30 comments)
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foreclosures: WAMU is certifiably stupid......but a great PR machine! - 11/19/07 01:44 AM
A couple of months ago, I asked the question in a previous blog, titled is 'Wamu wise or stupid?" Here is the link: http://activerain.com/blogsview/222979/WAMU-are-you-wise
I am extremely impressed that the public relations machine at Wamu has effectively prevented so much of their information from htting the media.
Wamu, the nation's largest savings and loan, announced on Friday that they would cease issuing mortgages, commonly known, as the Option Arm on all refinance transactions until further notice, and have changed the parameters for purchase transactions to require a minimum of 20% down.
Typically this kind of news would not be a … (23 comments)
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foreclosures: WAMU....are you wise or stupid? - 10/02/07 09:58 AM
Hey Wamulians:
My name is Kerry Killinger, and I really need to justify my job right now as CEO of this animal that we call WaMu. Washington Mutual was too boring, and sounded too much like a responsible lender, so we've decided to shake things up a little. If we're lucky, nobody will figure out that just shy of 80% of our portfolio of business is Option Arm (negative amortization) business, and of that close to 55% is stated income....this of course does not include our subprime or Alt A business, but let's not worry about that for now......
… (35 comments)
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foreclosures: Where is the market going, and how do I make heads or tails of it? - 07/14/07 07:07 PM
As I sit here over the weekend pondering where the market is headed, I must remind myself where it has been over the last few years, and think back to where it was when I entered the crazy real estate industry way back in 1987. Although it was in the hotel side of the business at the time, I quickly learned that aside from the top line sales at each hotel, it was ALWAYS about the value of the real estate. Well, a lot has certainly happened from that time to now, but one thing that is certainly constant, is that … (0 comments)
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Bill Nazur
Corona,
CA
More about me…
Address: Corona, CA, 92882
Office Phone: (949) 274-8950
Email Me
All Real Estate....all the time....how Real Estate can help you achieve your goals, as well as what is wrong with the industry. Pure, unabashed honesty. Critical to my mission is to help underserved families and communities improve their position to create a legacy for their children.
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