Rick Pilger's (rap) Blog

As promised in my last post I have included in this pod cast the original first issue of Car College from 2002.  The interview is with Ed Lyon, the "Funniest Tax Guy in America".  Being tax time I thought that this would be a great interview to share.  While some of the  tax information may be d...

 Ok, Maybe it is not so secret but it is a term that is the most important in our industry right now.  When it comes to making a loan the rules have changed.  In looking at the Three "C's "of Capacity( can they pay), Credit ( do they pay) and Collateral (the property) there are new rules for each...

As a follow up to my previous post had to share this after I viewed it today for the first time after a Realtor friend of mine forwarded. The  powerpoint attachment is the funniest explanation of the mortgage meltdown to date. WARNING: STRONG LANGUAGE USED IN PRESENTATION Click here for presenta...

A few weeks ago we talked about the Fed Rate Cuts and how they would effect mortgage rates.  I will not bore you with a recap but bottom line is that when the Fed lowered rates we would see mortgage rates rise. What? What's that you say? Rates will rise?  But the media continues to say how great...

Car College returns as a Podcast.  Back in 2002 we started Car college as a way to share practical information to our Real Estate partners so they could become "Empowered" in their pursuit of success in their real estate careers.  We shared the idea nationally and it took off ("Gift of Knowledge...

  The mortgage business right now is a little like the weather here in Cincinnati.  If you do not like it wait five minutes it will change.  A few weeks ago we talked about declining market values and what steps we could take, if any, to prepare buyers and sellers upfront for the possibility of h...

No, I did not take a little blue pill.  I am talking about the economic stimulus package that was passed by both the house and the senate this week.  Everyone expects President Bush to sign the combined bill into law early next week.  The headline information is on the tax rebates, which I think ...

Do They or Don't They? We open this Act with the Fed cutting rates by 50 basis points and wondering what it is they know that we do not.  Do they have access to economic data before it is released? Is Ben acting on popular opinion in the markets? Is the economy in bad shape?  Unfortunately, I thi...