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The Fed: Cutting the federal-funds target rate, September 18th, 2007: What events have led to this… - 09/20/07 03:57 PM
The much anticipated day has finally arrived when the Fed made the decision to cut the federal-funds target rate by 50 basis points as well as the discount rate by 50 basis points.  The move was a bit stronger then expected.  What has led to this?  Why has this been somewhat expected and deemed necessary?  The summer of 2007 is one that nobody in the mortgage industry will forget....READ THE FULL ARTICLE … (0 comments)

Changing industry: Mortgage Firm Restructuring - 09/06/07 02:41 PM
An exact reversal of action is taking place now in this post-boom housing market.  Large companies began acquiring many mortgage lenders and increasing employees when times had been good.  And why not?  Times were good and the mortgage industry was brining in lots of money.  But times have changed now.  What began as employee expansion and a bright future for mortgage companies 2-3 years ago has now reversed.  Firms are now selling off (if possible) or closing subprime divisions and laying off employees.  In an article entitled “Wall St. losing subprime lenders” in the Philadelphia Inquirer, 1,200 people lost their jobs … (0 comments)

 

Joe Brady

Villanova, PA

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Joe Brady - World Wide Credit Corporation

Address: 9089 Clairemont Mesa Blvd. #200, San Diego, CA, 92123

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