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carlsbad: New World of Lending: 2009 Economic Forecast - 02/17/09 02:35 PM
The current financial market is in a state of flux and is becoming more and more constrained. Lending is tightening up and it is becoming more and more tough for people to purchase a home. President Obama is signing into law today, February 17, 2009 the $787 Billion Stimulus Plan that the government will hope to turn this economy around. The white house has opened a website, http://www.recovery.gov, that will allow the people to track where the money will be sent.
This is a look into the current changes in the lending practices and where the lending standards are heading...
For … (5 comments)

carlsbad: 2008 Year in Review: The Economy, Government and Financial Markets: October - December. - 02/02/09 07:57 PM
Continuing from my last post of 2008 Year in Review: The Economy, Government and Financial Markets: January - September, this will show how the government really increased its efforts going through October in thru the New Year.  I will be continuing this blog with the current economic update in San Diego and surrounding areas and an excerpt of Gary Watts' economic forecast.  Please let me know your thoughts and feel free to discuss...
2008 Year in Review: The Economy, Government and Financial Markets: October - December.
Oct. 03: Wells Fargo announces an agreement with Wachovia with no assistance from FDIC. Congress … (1 comments)

carlsbad: 2008 Year in Review: The Economy, Government and Financial Markets: January - September - 02/02/09 02:13 AM
In August of 2007, mounting losses on sub-prime mortgages and mortgage-related securities began to strain financial institutions around the world. The repercussions from these losses have triggered a period of severe turbulence in world financial markets. In response, the Federal Reserve, the U.S. Treasury and other federal agencies have taken a series of actions, some unprecedented, to stem the turmoil.
2008 - January - September
Jan. 11: Bank of America acquires failing Countrywide.Jan. 22: The Federal Reserve cuts the discount rate to 3.5%.Jan. 30: Federal Reserve cuts the discount rate to 3.0%.
Feb. 07: Congress passes the Economic Stimulus Act to provide 159 million … (0 comments)

carlsbad: Chronology to a Financial Disaster: The Perfect Storm - 02/02/09 02:05 AM
I attended a seminar given by Gary Watts, a real estate economist and Realtor. Here is an excerpt of the past financial market events leading to where we are now. This will give us an idea of where we are headed based upon where we have been: - Brian Richard, Realtor. Richard Realty Groups. 760-533.4244
Chronology of the Market: Chronology to a Financial Disaster “The Perfect Storm"
1933 – Glass Steagall Act is passed to prevent banks and investment houses from acting as one entity.
1970 – HUD creates the first transaction using a mortgage-backed security sold by Ginnie Mae.
1977 … (0 comments)

carlsbad: Successfully Buying Bank Owned Home - REO - 12/07/08 01:36 AM
Successfully Buying a Bank Owned Home - REO
November 19, 2008 by Brian Richard
There are an increasing number of bank owned homes available in the real estate market.  I am contacted almost daily on my website - www.BrianRichardHomes.com or through my advertising by potential buyers interested in getting a "deal".  What is a deal to you?  This is the first question that you need to ask yourself when purchasing a new home.  A bank owned property may just be what your looking for but first you need to know exactly what the process is and what you may potentially be getting … (4 comments)

 

Brian Richard

Carlsbad, CA

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Richard Realty Groups

Address: 5411 Avenida Encinas, Ste 110, Calsbad, CA, 92008

Office Phone: (760) 603-8377

Cell Phone: (760) 533-4244

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San Diego North County Home Info: Buying & Selling in todays market.


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