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bailout: Northern Trust Should NOT Repay the Party Money! - 02/24/09 07:48 PM
Northern Trust, an investment bank that has remained profitable even through the last year, sponsors a PGA golf event. Their event just received an enormous amount of criticism from certain members of congress becuase they help client events at "fancy hotels" and provided live bands at parties, etc.
Barney Frank wrote the CEO of Northern Trust a letter stating, "We insist that you immediately return to the federal government the equivalent of what Northern Trust frittered away on these lavish events."
"At a time when millions of homeowners are facing foreclosure, businesses and consumers are in dire need of credit, and … (0 comments)
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bailout: I Just Heard a Politician Make Sense! - 02/11/09 03:24 PM
OK I have calmed down and want to follow-up on my last post...
I just heard a congressman make a lot of sense and I realized that my last post threw them all under the buss! This guy said that the government shouldn't be trying to make lenders lend, they should be creating conditions under which lenders WANT to make loans and good loans. He said every time they try to make lenders lend it ends in bad loans. He mentioned the community reinvestment act in particular.
Hallelujah! There are some people that get it!
The problem right now was certainly … (0 comments)
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bailout: Is anyone still lending money?? - 10/02/08 01:17 PM
YES! YES! YES!
Consumers have gotten the idea that mortgage lenders don't have money to lend! NOT TRUE.
I am a lender in Charlotte, NC, and we are doing just fine. Rates are low and loan programs haven't changed all that much. The main scenario that have gotten tough to find or more expensive are:
Stated Income Investment Properties Condos (a little tougher but still available) Buying new homes before current home is sold (holding 2 homes) People looking to buy for the first time can find plenty of financing programs. Credit guidelines have gotten a little more strict but not … (6 comments)
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Olan Carder
Charlotte,
NC
More about me…
Fairway Independent Mortgage
Address: 8430 Read Road, Suite E, Charlotte, NC, 28277
Cell Phone: (980) 721-7478
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