georgia mortgages: Last Chance For A Decent Mortgage? Fed Changes Will Impact Your Ability To Borrow - 07/09/08 08:19 PM
Chairman Bernanke is about to change the face of mortgage lending and it could affect you. In fact, they have already tipped their hat to let economists know they will be raising interest rates in coming meetings.
For several months before the fallout began I literally begged people to refinance into … (1 comments)
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georgia mortgages: Responsible Journalism - The Greatest Oxymoron of All Times - 03/08/08 10:20 AM
I was ridiculed by a band of buffoons when I dared insinuate the media caused the majority of the problem in the mortgage and housing market. That was last year when I said in a video tape that prior to September or 2006 there was"no mortgage crisis" and that the crisis … (11 comments)
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georgia mortgages: Stopping The Confusion About The New FHA/FNMA Loan Limits - 02/19/08 08:46 AM
Unbelievable! That's the number of emails I am getting from all across the nation about the new FHA loan limits. You need to stop thinking right now that you can borrow $729,750 using FHA on a single family home anywhere in the United States. That's not what the change is and … (9 comments)
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georgia mortgages: You're Fired! Now, Would You Hire Yourself Back? - 01/12/08 11:33 AM
The corporate world has a luxury: forced evaluation. Self-employed people including most of us in the real estate and small mortgage industry, really don't have a regular evaluation. We are left to our own devices to make it or fail. Our biggest mistake?
My clients evaluate me all the time. If … (6 comments)
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georgia mortgages: What Does "Sub-Prime" Really Mean? - 12/09/07 12:47 PM
Attention earth: Ken Cook has a sub-prime loan on his primary residence. -------------------->
Have you ever noticed how words change meaning over time? Have you ever noticed how the wrong word gets used for the wrong thing and sticks? Take the word "random" for example. In the new vernacular random is used … (8 comments)
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georgia mortgages: Dear Media: I Refuse To Go Quietly - 10/26/07 02:12 PM
Quite frankly friends I am not going to hush. I am not going to stop telling you that Clark Howard is a horse's ass when it comes to knowledge about real estate and mortgages. I am not going to cease beating the drum that global negativity on the part of the … (4 comments)
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georgia mortgages: Initials After A Name Are Worthless When ... - 10/16/07 04:04 PM
People who author articles and perform skits, I mean give speeches, and use a set of initials after their name to build credibility really should double check their facts, figures and the validity of their statements before they proceed. If you are one of the five people who read my blog … (5 comments)
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georgia mortgages: What is "Double Submitting", Why Your Loan Officer Hates It and Why You Should Do it! - 10/11/07 03:43 PM
Okay - I'm going to be railed on by some loan officers and some borrowers. I can take it, I'm a big boy. The reason I will be railed on by loan officers is because I am telling you to make someone work for free. The reason I am going to … (6 comments)
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georgia mortgages: I Guess I Am Naive -or- Why Many People Hate Mortgage Brokers - 10/08/07 10:11 AM
I don't even think this way I suppose - cramming a borrower into a certain type of loan just to make more commission from the deal. I've heard the stories from current employees who previously worked with major national lenders where the loan officer made more money by putting borrowers in … (3 comments)
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georgia mortgages: The GFE - What Exactly Is It And When Is It Valid? - 09/21/07 08:02 AM
Touchy one for you here! From time to time we get a call and out of the blue a new caller will ask us to send them a GFE - Good Faith Estimate (of Settlement Charges).
A recent caller begin to turn rude and unruly and demanded to speak with me … (3 comments)
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georgia mortgages: "Only When We Are No Longer Afraid Do We Begin To Live" - Thompson - 09/13/07 08:07 PM
It is easy to take control of a person, or a country, when they are weakened by fear. From the sound of my phone and from reading ML Implode I would say at least our industry is somewhat paralyzed by fear. Oddly enough when our phone rings we are still able … (2 comments)
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georgia mortgages: Spend, Buy And Purchase For Tomorrow We Die! - 09/13/07 12:51 AM
"Times has been (sic) good" and I will testify to it. Truly, deals fell out of the trees from about 2002 until mid to late 2006. "Hello sir/ma'am, please breathe on this mirror and if we see some fog ... sign here and get the keys."
How do we survive on this … (15 comments)
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georgia mortgages: Paulson Subprime Fund UP 410% THIS YEAR??? It's true ... - 09/11/07 09:22 AM
So I've been bashing the media and their wholesale attack on the "great losses" in the subprime secondary market which supposedly caused the problem we have today. I have said the problem is not the lenders, the problem is the sissy pants, scared little pansy-ass nuevo-riche investors who know NOTHING about … (19 comments)
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georgia mortgages: Feds May Not Lower Key Rates ... So? Who Remembers the 1970's and early 80's? - 09/10/07 09:46 PM
There is a lot of concern about what the feds may do with key interest rates at their next opportunity to raise or lower them. (Hint: rates are still historically low)
Most borrowers today do not remember the 16% or 18% rates of the late 1970's ... I do. People still bought … (5 comments)
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georgia mortgages: Sometimes The Media Makes You Smile ;) - 08/17/07 09:21 AM
Cobb's Favorite Home Grown Lender Still Clicking Along Friday, August 17, 2007 Staff Report by Rene Bowden Marietta, GA - "These are the time that try men's souls" wrote Thomas Paine. Could it be he visioned into the future the days we are now experiencing in the real estate industry? For … (3 comments)
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