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mortgage loans: Interest Rates: When is the Best Time to Lock? - 12/16/09 11:45 AM
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mortgage loans: The Rescue Plan - Why We Came To Need It - 10/02/08 02:27 PM
 
 
The Chinese have a proverb:  "May you live in interesting times."  And we are living through interesting times indeed. 
 
Whatever the political posturing regarding the current rescue plan, a plan needs to be passed. Credit markets are frozen and banks are going bust every day. This is not totally because of "toxic" mortgages. This has a lot to do with FASB 157, also known as "mark to market". Each day lenders must mark their assets to the marketplace. It's like you having to appraise your home everyday and if your neighbor was under duress because they got very … (2 comments)

 

Karl Peidl - Accredited Loan Consultant

Moorestown, NJ

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Address: 305 Harper Drive, Suite 3, Burlington County, New Jersey, Moorestown, NJ, 08057

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