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)

 
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Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist

Fontana, CA

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Prudential California Realty

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