"The Bernanke" goes LIVE! - 04/27/11 07:01 PM
4/27/11: The Federal Reserve Chair, Benjamin Bernanke held his first live news conference:
FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); LIKELY TO REMAIN LOW FOR AN EXTENDED PERIOD- Unanimous vote by all Federal Reserve Bank Chairs.
Just so we understand what is going on here: the Federal Reserve Banks are private institutions telling our Federal Reserve they need more cheap (0.25%)* money ad infinitum. Why? Because without our tax dollars propping them up, despite record profits just recorded, they would fail and bring our houses down without a very long trough to keep their wheels spinning.
This analogy offered by … (0 comments)

Prepare for the Wall Street LOCKUP! - 04/07/11 01:39 PM
By now you will have heard a few gripes from your mortgage professionals about the recent fun of changing systems to meet our new 'Federal Loan Officer Compensation Rule guidelines'. If any of your colleagues asked for your help to speak up to congress I hope you did. For those willing to put head in sand you can now put foot on behind. We will all be feeling the effects of higher rates on our mutual clients. It's just that simple.
While the 'Fed Fight' is officially over as far as the appellate courts go, there is still life left in our organizations NHIAP and NAMP. Challenges are now being … (4 comments)