Real estate blog entries tagged with banks by Karl Christen Credit Restoration Specialist

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banks: Whats at the heart of this economic crisis? - 10/23/08 12:01 PM

Interesting to watch the financial guru's thrash about in relative surprise at recent developments in the credit market. Greenspan appeared before a congressional committee this morning and feigned his great surprise at the collapse of free market principals in regards to the credit markets and real estate. Many of the current … (1 comments)

banks: One possible solution to this whole mortgage mess - 09/30/08 02:27 AM

Granted I don't have a fancy economics degree at the end of my name, but I've been in the trenches for several years, and I guess I've learned a thing or two. Here is the one thing that I think these law makers should keep in mind. "Don't allow anyone to … (14 comments)

banks: The Top 10 List of irresponsible wholesale lenders - 09/26/08 03:40 PM

The big question, how many of the banks that played a central role in the current financial troubles, are either in bankruptcy or are still surviving. Here is my outlaw list, and if anyone has suggestions or a different 10, please let me know.

#1 & 2 Fannie Mae & … (6 comments)

banks: Do we really need a bailout? - 09/26/08 12:23 PM

Headlines blare "Bailout or else!", and politicians are taking front and center stage across media venues throughout the country. The financial industry stands on the edge of an abyss, or that's what the press wants you to believe. How real is the crisis, and should Congress act quickly at this juncture … (3 comments)

banks: Be carefull of media headlines...sometimes misleading - 07/14/08 09:31 AM

Here is a great example of one such article...
http://www.iht.com/articles/2008/07/14/business/14bank.php
Now if you read the headline, it states simply "Analysts say more banks will fail". Seems pretty scary and get's your attention. But then read the article and you get a much more positive view of what's really going happening with … (3 comments)

banks: Where's you seat belt, our economy is ready to blast off!! - 02/11/08 07:25 AM

Well it's Monday morning and for some reason I wasn't able to sleep past 5:30 this morning. Normally you can't pry me out of bed until 7:00. Part of the problem is that as soon as my eyes opened my brain began telling me how messed up everything is right now … (8 comments)

banks: Thanks Jeff Belonger for scratching this itch!! - 02/08/08 12:09 AM

Actually I'm not angry at Jeff, I appreciate his newest post in regards to closing costs with mortgage loans. I totally agree that the current system is flawed! The biggest problem with closing cost's is everyone has an excuse why it can't be fixed. The big problem that most mortgage professionals … (3 comments)

banks: Next round of mortgage bank closings...First Horizon and Franklin - 10/29/07 11:36 AM

Hate to be the bearer of bad news, but it looks like First Horizon Mortgage and First Franklin, owned by Merrill Lynch, are going to pull the plugs on their respective companies this week. My processor just was informed that First Horizon is not taking new files, and recent posts by … (6 comments)

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