mortgage: Is The End In Sight? Some observations - probably all wrong. - 03/07/08 03:56 AM
Last week I had a chance to talk with noted economist Gary Watts. One thing that makes Gary unique is the fact that he is a real estate economist and he has a real estate background. Imagine that, an economist that actually knows something about our industry instead of just another talking suit.
Now a lot of what Gary said you've read here before, but he backs it up with figures and studies from impressive sounding places like the U.S. Treasury, U.S. Bureau of Labor, U.S. Congress, Bureau of Economic Analysis and the like. Much more important sounding than just old Uncle … (14 comments)

mortgage: Inland Empire - Mortgage Fraud Help. - 02/12/08 12:33 PM
I just saw this new group and wanted to reach and and tap the members. I'm sure many of you have been victimized or had clients preyed upon by mortgage fraud scams when our market was rolling. In Murrieta we had one outfit - Stonewood Financial - who pulled off over 120 of these scams where they would come in offering 100,000+ over asking price with the overage going to a third party - namely themselves. Over 120 at 100,000 each - you do the math. Another agent, whose company was headquartered in Ontario, pulled off more than 70 of these … (5 comments)

mortgage: Dr. Greenspanstein's Monster & Gambler Mae - 01/17/08 03:47 PM
Well, here's hoping you're safely through the holidays, and that Santa, in his munificence, deposited more than the richly deserved lumps of coal in your moth eaten stockings. With that cheery greeting,  let's start the year with a slap in the yap from the housing market. I know I told you about the light at the end of the tunnel last month but we're not out of the tunnel yet - so keep slogging.
I keep getting asked about the various ‘bail-out' packages being proposed by every sop from Sacramento to DC. So I'll just ask you - do you think … (15 comments)

mortgage: Owa Tagoo Siam - 12/18/07 05:38 AM
Well butter my butt and call me a biscuit - I'm feeling more cooked every day. Maybe it's just me - maybe my friends have been right all along. Maybe I really am a moron - certainly in a financial sense if not many others.
It seems I can't turn on the radio these days without hearing the come-on's. Amazingly enough in these times there are still companies advertising teaser rate mortgages. 2%, 3%. Refi out of your re-setting problem loan right now before it's too late. No credit, bad credit, no problemo. 100% loan? Howzabout 110%? Don't be stressed out.
Next … (3 comments)