loans: Sure...The Banks Aren't Being Bailed Out. - 03/11/08 03:16 PM
It may not be official, but the banks are being bailed out. Let me prove it. The federal funds rate is the rate that banks can charge each other for overnight or short term loans. They can also borrow money from the government at this rate, which is currently at 3%. The … (1 comments)
loans: Red Alert: H.R. 3915 Passed The House! - 11/19/07 10:22 PM
For those of you who don't know what HR 3915 is here is a breakdown. It will: Create a National Licensing System for Mortgage LendersHold loan securitizers responsible for consumers' "reasonable ability" to repay a loanEliminate the Y.S.P. (Yield Spread Premiums or Rebates) for Mortgage BrokersIt passed by a vote of 291-127. … (1 comments)
Related Links:
Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
It may not be official, but the banks are being bailed out. Let me prove it.
;)
;)
