subprime: Should We Bail? (continued) - 04/17/07 01:30 PM
Here is a follow up to my post yesterday titled Should We Bail? I was reading that Fannie Mae and Freddie Mac are both working on programs designed to keep people from going into foreclosure. At this point, no specific details are available. Most of the loan amounts in my area, Walnut … (2 comments)
subprime: Should We Bail? - 04/16/07 11:18 AM
There's a fierce debate going on right now.It's a national debate but reaches right into my area.It's going to have an influence on the home loans that happen right here in Contra Costa County.It involves the collapse of the sub prime lenders.It involves the coming rise in foreclosures.It involves politicians.It … (4 comments)
subprime: I took part in a Train Wreck - 04/12/07 09:35 AM
I had a phone call the other day from a former client.It was another call for help, I had placed a Hard Money Loan for her a year ago.She had first contacted me when her lender filed a Notice of Default on her home.She was working but fell behind in … (2 comments)
subprime: Close the Window! - 03/30/07 06:58 PM
You may have heard reference to the "Credit Window".You haven't? You will soon because it's closing!Don't worry, it won't close all the way, just part way.Maybe a little explanation is in order.The term refers to the availability and ease of granting credit.You've read the headlines and heard of the Sub … (2 comments)
subprime: Jargon-R-Us! - 03/26/07 12:14 PM
I had to laugh as I sent out an email to wholesale reps this morning describing a difficult loan I was working on.I laugh because of the H.D.C. (High Density Conversations) we use in the business.Here's my scenario: Purchase, SFR, $1.9 Million, 63% LTV,SIVA, 1099, or possibly No Ratio,Assets sourced not … (0 comments)
subprime: Commercial is Different - 03/19/07 10:14 AM
My main project today is to get to started on a 6 Unit Complex refinance. (Obviously this isn't the property)This is a new client. We met and discussed ideas last week and very late on Friday she bought in the paperwork I requested.Since she is a new client, I'm starting from … (7 comments)
subprime: Volatility Kills - 03/05/07 10:42 AM
Volatility.In Chem class we learned volatility was about how fast something went from liquid to vapor."The higher the volatility the faster our beaker of blue stuff evaporated."I know that because that's exactly what Susie D. (my lab partner) wrote down for Problem 17 on the big test. And that's exactly what I … (2 comments)
subprime: Conspirator or Patsy? - 02/21/07 10:57 AM
Who's to blame?No this isn't about Lee, I'm talking housing and Sub Prime Lenders.I've posted about the Sub-Prime Lenders taking heat in the news for making so many bad or questionable loans. I've also posted recently about the closing of doors for some of these companies. It all comes back … (2 comments)
subprime: The Lead Gen Biz - Part One - 02/13/07 07:11 AM
So I caught a little flak over my explanation of the LTree and it's business model.LINKNo biggee.If I get this right, I am the "Flak-er", and they would be the "Flak-ees".The Flak-ees reactions ranged from the standard issue knee jerk "Duh", to eye opening wild disbelief.Let's do this in two parts: Part … (8 comments)
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Here is a follow up to my post yesterday titled Should We Bail?
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