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mortgage: What Mortgage Crisis? - 11/25/07 07:53 PM
What Mortgage Crisis? by Bill Roberts.
Let's face it. If the market hadn't gone flat and then turned south we wouldn't have a mortgage crisis.
There is an old saying "a rising tide lifts all boats." Do I need to explain this to you?
If The Fed hadn't raised rates so fast most of this wouldn't have happened. Flippers could have gotten out of the market. The prices might have stopped going up, but would have only gone sideways instead of straight into the toilet.
Nobody would be yelling "Fraud, fraud, fraud" and nobody would be saying all our problems are the result of greedy … (30 comments)

mortgage: Did I Just Hear Those Magic Words, Stated-Stated? - 09/12/07 05:37 PM
Did I Just Hear Those Magic Words, Stated-Stated? by Bill Roberts
This morning I attended the Windsor Capital monthly breakfast. Windsor is the company I originate my loans through.
In days gone by we would have a full room (about 100 LOs) and as many as 25 AEs at our breakfast meeting. Then things got bad and attendance dropped off, both LOs and AEs.
But today looked and felt like the good old days. First the president and CEO of Windsor Capital Mortgage addressed us. He explained that Windsor's health was the result of getting out of mortgage banking early in 2006 and staying … (12 comments)

mortgage: Sub-Prime Meltdown - Is It Really? - 07/17/07 01:50 PM
Where did all the money come from that fueled the sub-prime lenders?
The simple answer: Wall Street. But what does that mean?
Every year our money supply is greater than it was the year before. This is called inflation. Inflation is NOT an increase in price level, it is an increase in the money supply. The Federal Reserve Bank (the "Fed") is charged with managing the money supply. If the money supply were to "contract" which is the opposite of grow it could lead to Depression. We absolutely don't want a Depression. Therefore the Fed causes or allows (however you want to … (15 comments)

 
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Bill Roberts - "Baby Boomer" Retirement Planner

Oceanside, CA

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Brooks and Dunphy Real Estate

Address: P.O. Box 712501, San Diego, CA, 92171-2501

Office Phone: (619) 244-4610

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