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mortgage crisis: Fair Isaac: Fair Or Unfair? - 10/10/08 01:01 PM
Fair Isaac: Fair Or Unfair? By Bill Roberts
The Fair Isaac company rates everybody's credit.
They do it for the banks and mortgage companies.
It is called your FICO score. FICO stands for Fair Isaac COrporation.
Because of the turmoil in our economy many people are seeing their credit scores plummet.
Is that fair?
The banks can't manage their own affairs. A lot of them are BANKRUPT. Many more are in big trouble. They aren't credit worthy yet they have gotten over a TRILLION DOLLARS of credit from us. The U.S. Government (that's us) has bailed them out.
It is time … (31 comments)

mortgage crisis: Bailout Reprise - 10/05/08 06:30 PM
Bailout Reprise by Bill Roberts
This was inspired by my conversations with Jan Wood on her blog. You can read the run up to this here.
Duncan Hunter is MY Congressman. I live in his district. I am very disappointed in him. He is retiring this year. His son, also named Duncan Hunter is running for his seat. Early in the primary campaign Bill Cherry had a quiz on his blog that "matched" the respondent with the candidate that most closely reflected their values. Duncan Hunter was my closest match.
As a matter-of-fact 4 of the 5 Congress people in San Diego County … (17 comments)

mortgage crisis: Are Foreclosures Good For America? Part 4 - 09/30/08 11:26 AM
Are Foreclosures Good For America? Part 4 by Bill Roberts
Everyday there are more mortgage defaults filed. The banks are suffering. Congress can't get their act together. A solution seems to be elusive.
The Secretary of the Treasury went up the hill to ask Congress for 700 Billion dollars to solve the problem.
Congress said NO.
But we still need a solution so here is my contribution to the discussion:
We need a new Resolution Trust Corporation, but this time with a different imprimatur: SAVE THE HOUSE, not sell the house.
It is clear Congress doesn't want to give the $700B … (27 comments)

mortgage crisis: Are Foreclosures Good For America? Part 3 - 09/25/08 09:47 PM
Are Foreclosures Good For America? Part 3 by Bill Roberts
Until now banks had three options for under-performing loans:
Workout a modification Accept a short sale Foreclose I would be very interested to hear how successful homeowners have been in obtaining a loan modification. It seems that if they were in default the lender's customer service representative can't or won't talk to them. They will only accept "full" payments. By the time the Loss Mitigation Department gets involved, the borrower owes six payments or more and they can't really see a way out. On the other hand, if they aren't in … (3 comments)

mortgage crisis: 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)

 
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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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