The banks, foreclosure management companies, attorneys, secondary market - the list is longer continue to have a strangle hold on the American economy. Clearly there is no incentive or hammer compelling the aforementioned to negotiate with the main street American that is struggling with their ho
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09/11/2009
Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances. Running a close second is the negative stigma that is often attached to the process. This negativity is important to mention because strong emotions can sometime
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02/14/2009
There is a great debate within the inner-mortgage circles these days. Should we, as loan professionals, encourage clients to borrow as much money as possible? Or would consumers benefit more if we helped them to understand the advantages of 15-year amortization schedules and pre-paying principal?
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02/14/2009
As the "stupid" continues to fall out of the "politicals" mouths on Capitol Hill talking down to the masses pretending to have special enlightenment on the problems they helped create the rest of us on the front lines for over two decades actually understand the problem and saw first hand what ha
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01/31/2009
For those of us in the industry for over 20 years instinctively knew Paulson's "plan" was a sell job more than a solution. If you thought the government had a "plan" after collateralizing the taxpayer for 700 plus billion I'm sure after this press conference it is now clear they did not. Mr. Pau
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11/12/2008
Welcome to the Republic of Wall Street formally known as the United States of America. Once again "we the people" are being used as collateral to bail out the incompetence of our elected officials. The original focus was the point of origination but finally the real culprits are getting the expos
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09/23/2008
POLITICIANS HIT BOTTOM History tells us again and again how money influences the politician. We are witnessing the results of years and years of pocket lining to our politicians from Fannie Mae, Freddie Mac and other "money houses". The chickens have come home to roost. If you think "your" poli
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09/19/2008
As the hand wringing continues and the lenders inexplicably refuse to play with each other, the government (Barney Frank and friends) continue to blow hot air pretending they are protecting the consumer, while the ultimate self promoter (NY Attorney General) Cuomo continues to blather, while the
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09/06/2008
The swimming hole is not far from your back yard!! AND...you are NOT in a flood plain! Welcome to Gold Bar Washington one of the most scenic places in the Pacific Northwest. River Access from your own backyard to the Wallace River. Great for fishing, swimming or enjoying nature. It's like having
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08/17/2008
The business as usual do nothing self-destructive sniping congress is on a five-week recess (I love recess!) and of course nothing was accomplished other than what is called "the housing bill" or "FHA modernization". If anyone really believes it will do the heavy lifting needed to stabilize th
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08/03/2008
