loans: The Subprime Primer - 09/26/08 03:06 PM
Here is a simple tutorial in layman's (or longshorman's) language that explains how we got into the Subprime mess.
The Subprime Primer … (0 comments)
loans: THE FAMILY --- - 09/18/08 11:22 AM
Here's an eye opener for you folks.
Watch this video.
Hiighlights
Fannie Mae is determined to tearing down the barriers to deliver on the American Dream.
What does this mean. How have you torn down barriers? By lending money to those with poor -- or bad credit? By extending … (2 comments)
loans: Is Anybody Out There Watching the FREE FALL of Fannie and Freddy??? - 07/11/08 10:28 AM
Damn! It's a friggin MARKET MELTDOWN! Looks like America is going to hell in a handbag.
Right now FRE is down 33% to $5.32 and FNM is down 31% to $9.08
FRE was $63.00 just last October. NOW ITS A PENNY STOCK!
THIS IS NOT GOOD!
… (7 comments)
loans: American Crybabies - 05/02/08 02:00 AM
Here’s what’s wrong with America. Watch this video about a couple who lost their home to foreclosure and are now living in a campground and tell me if you hear what I hear. recap: The gal says they walked into that home and said “…. we can get this for $265,000 … (6 comments)
loans: HUD Loan Limits for Fresno California Real Estate - 03/06/08 12:52 PM
This just in … actually I received it via an email from Jennifer Arnbrister, an Account Executive at Reunion Mortgage. HUD has revised their lending limits for the entire country and according to Jennifer the Central Valley rates are in today while the rest of the country has to wait until … (3 comments)
loans: Subprime Rate Five-Year Fix Agreed by U.S. Regulators - 12/06/07 12:38 PM
Go HERE for the article.What a mess we have gotten ourselves into. In the end, will the responsible people with good credit ratings, who make their mortgage payments on time every month, end up subsidizing the subprime borrowers who borrowed more than they should for houses they could not afford in … (0 comments)
loans: News Flash: White House Reaches Mortgage Deal - 12/05/07 02:09 PM
Dec 5 02:53 PM US/Eastern WASHINGTON (AP) - Congressional aides say the Bush administration has hammered out an agreement with industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures. These aides, who spoke on condition of anonymity because ...FULL … (2 comments)
loans: White Collar Crime: Loan Fraud - Let's Negotiate.... - 10/24/07 03:00 PM
...its the path of least resistance. In my opinion the Federal Government and the loan industry would rather renegotiate all the funny money loans done over the last several years rather than investigate them -- because if they did investigate they would find so many perpetrators of fraud our prisons couldnt hold them all. DON'T LIE … (8 comments)
loans: News Flash - Downpayment Assistance Programs To Be Discontinued by HUD - 10/22/07 04:00 PM
Downpayment Assistance Programs (DAPs) which are funded with seller contributions to the buyer will be discontinued by HUD. Translation: Less chance of buyers qualifying for loans I dont see it as good news for buyers or lenders. Is anyone doing these kind of loans and will it have an effect on YOUR business? … (1 comments)
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Here is a simple tutorial in layman's (or longshorman's) language that explains how we got into the Subprime mess.
