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hera: TARP, HARP, CARP & Kissing your Sister! - 06/30/09 09:42 PM
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions in order to strengthen its financial sector. It is the largest component of the government's measures in 2008 to address the subprime mortgage crisis.
Did you know that TARP also stands for Tunnel and Reservoir Plan? The official name of Chicago's Deep Tunnel. This project aims to reduce flooding in the metropolitan Chicago area, and to reduce the harmful effects of flushing raw sewage into Lake Michigan.
Hmmm...sounds like they have alot in common! One flushes cash, and one flushes … (8 comments)
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hera: Mortgages: SO EASY A CAVEMAN can do them! - 06/17/09 10:41 AM
Apparently, the general consensus amongst many people is that Mortgages are easy to do and that communication solves everything! Well, today I have decided to give everyone a glimpse into my life in the Mortgage business. True enough, maybe the actual MORTGAGE is easy, but it is the "hunting & gathering" that is the problem! I realize that many people can already appreciate that things have become more challenging, but I truly want you to know that I AM NOT A CAVEMAN and it is not easy!
8:08 am, got to office, large coffee.
Turned on computer, checked email, had 38 … (96 comments)
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hera: Oh Great..More BS from the Guvt! HERA Mortgage Disclosure Improvement Act - 06/02/09 10:57 AM
I received an update yesterday from Wells Fargo, and as usual, they are getting in front of the change! YEAH for them! Here is what I received...PAY ATTENTION LOAN OFFICERS!
One more thing we can thank WALL ST for..
However, are any of these REALLY bad ideas??Only one I SEE, is that NOW, and I am getting clarification, we will have to disclose TWICE?? Arghh...
Oh and NICE APR suggestion! People still dont even know what the APR is?? Now, we can really call the Truth in Lending disclosure, the Truth & Confusion form!
For all … (14 comments)
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