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real estate: Thanks to the Brilliance at HUD plus the genius in the House & Senate.... - 03/10/10 06:21 PM
WE in the industry know - HUD,  along with the so called "leadership" in the House & Senate and all the members of both bodies miserably failed on many levels to assist toward an end to this economic calamity specifically the housing market. Values continue to drop and sweet heart deals continue on Wall Street.
The other group (the investors) including Fannie Mae and Freddie Mac continue to tighten their guidelines. Below is a little tongue and cheek but it really is not so funny. Credit score lending should be eliminated and we should go back to normal risk analysis like 'the good ol' days' … (2 comments)

real estate: Oversight and enforcement of existing law should be the focus - 10/28/09 10:51 AM
Nutty professors at HUD, the spoon fed (by lobbyist) congress and its agencies run around making speeches, proclaiming villains, pointing fingers yet right under the noses of all these knuckleheads bad players continue to play bad.

Case in point is Lend America's Mike Ashley. Caught, arrested, fined, fired, rehired, fired, ordered to stay out of the business, restrictions ordered -  See link for the full story:
http://www.housingwire.com/category/buzz-post/
The point is no regulation in the world will prevent stupid OR bad behavior unless of course there is oversight and enforcement. A drum I have been beating for the past 18 months and will continue … (0 comments)

real estate: HR 3126 amendment MAY KILL HVCC? - 10/23/09 10:16 AM
HR 3126 deserves the support from the consumer, Realtor, obviously the lending industry, (the banks won't support it because it will save the consumer money and Banks lose revenue) and support is needed from all the other vendors supporting the real estate market place IF the amendment killing the HVCC (preventing originators from ordering their own appraisal) is included.
America write your representative and senator and refer to HR 3126....and demand this amendment is included. It has some distance to travel before it gets to a vote however we all need to contact our representatives and tell them to get this on … (0 comments)

real estate: Ignorance is in the forecast - HR Bill 3706 Rep Garrett NJ - 10/06/09 06:38 PM
The forecast tonight is more ignorance (just like rain) falling upon us from DC. The long-term forecast - the real estate market will continue to take a beating because congress just doesn't get it. 
I'm back and here to rant. The newest self-proclaimed hero coming to the rescue on behalf of the consumer is Representative Garrett of New Jersey. He follows a long line of stupid from the east coast featuring the unflappable Barney Frank (MA) and Mr. Cuomo the Attorney General from New York.  The hits keep rolling in with no meaningful results but the banks (all three of them) will continue … (0 comments)

real estate: Credit surfing and balance transfers.....it can hurt you. - 01/29/08 08:49 PM
With all the temptations of lower credit card offers many people surf around and pay off and close their account for the better short-term rate. They closed an account with a longtime credit history in good standing and what happens..... The credit score goes down!  DON'T DO THAT.
You eliminated a perfectly good credit history only to open a brand new one with no history. You have moved all your balances to the new credit card nearly "maxing it out".  The FICO scoring system penalizes you if you carry a balance on your credit card that exceeds 30% of your approved limit. … (6 comments)

 

Kirk Williams

Everett, WA

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Private Venture Capital

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