Sovereign Bank Dodges A Bullet - 09/30/08 12:06 PM
I just posted an article on the 70% stock drop yesterday on a regional bank called Sovereign Bank...and the remarkable recovery today.
The post is here...
Sovereign Bank Stock Bounces Back
Maybe we don't need a massive government program to save the banking industry afterall...and the longer it goes without a … (1 comments)
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Newt Gingrich Says We Don't Need A Banking Bailout! - 09/30/08 11:32 AM
I just posted an article on "mark-to-market" accounting which everyone from Newt Gingrich to Steve Forbes is saying was the real underlying cause of the current banking and credit crisis...called
Mark To Market Defined As The Cause of Banking Crisis
It's an intersting theory and I'l take any suggestions to freeing … (2 comments)
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Rescue Plan Will Pass Today - Why Do We Need It? - 09/29/08 12:43 PM
I just posted an article on the Paulson bailout plan - now called the Emergency Economic Stabilization Act of 2008 with a link to download the bill from my server since the government server is down right now...plus a link to the CBO review of the plan...you can read and download everything … (0 comments)
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Citigroup Buys Wachovia - Saves Another Bank Failure - 09/29/08 08:44 AM
I just posted the report from the FDIC on Citigroups bid to buy Wachovia Bank, a banking conglomerate so big at one time it was ranked fourth largest in the country...read the post here..
Wachovia Bank Failure Thwarted On Citigroup Buyout News
This coming on the heels of last week's news … (0 comments)
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Sacrificing Home Equity For Monthly Cash-flow - Bad Idea! - 09/25/08 05:30 PM
I just finished a post called...
Debt Consolidation Mortgage Pitfalls
where I extol the sad propensity for consumers to get hoodwinked by mortgage advertisers who pitch short term solutions to the detriment of longer term best interests.
I also posted a mortgage company review of CitiMortgage complete with customer complaints and … (0 comments)
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Bush Address Tonight Is More Like The Boy Who Cried Wolf! - 09/24/08 09:47 PM
I just finished watching the Presidents address on the financial "crisis" ...the systemic juggernaut of a tsunami of destruction headed our way ...in just a matter of days...if we don't do something right now...blah blah blah..
This sound so much like the rhetoric leading up the Iraq War...and more recently the … (1 comments)
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Senator Dodd Is Grand Standing Again! - 09/23/08 12:29 PM
I just finished an article on the ridiculous behavior of the Senate Banking Committee today, with it's Chairman, Senator Dodd leading the way. Bernanke and Paulson attended a hearing in front of the Committee to discuss getting another multi-billion dollar bailout.
You can read all about it in my post called...
… (0 comments)
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First West Virginia Bank Fails - 09/19/08 11:13 PM
I just posted an announcement on the first West Virginia bank to go under called....
Ameribank Inc - Another Bank Failure Announced (Video)
I posted a video of the candidates giving us their take on the whole financial mess of this week ...for what it is worth...haha.
Here's the link again...
… (0 comments)
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How to keep your blog readers updated - 09/19/08 11:28 AM
I thought - mistakenly - that when one hit the Subscribe to Blog button it would alert one to any new posts written on that AR blog...not true.
This is the method I'll be using to help my readers stay in touch!
RKB
Via Real Estate Advertising - Misty Lackie:
A great … (0 comments)
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What Is a "TED Spread" and Why Is It Skyrocketing? - 09/17/08 11:50 AM
I just posted an article on the skyrocketing "TED spread" which is an indicator for traders and bankers to track the risk involved in lending to commercial banks, called...
Ballooning TED Spread Caused By Subprime Mortgage Risk
In the piece I discuss the importance, the underlying causes, and how the real … (0 comments)
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The Fed Saves AIG With Last Minute Loan! - 09/17/08 01:21 AM
The Federal Reserve announced a last minute deal to loan ailing insurance giant, AIG $85 billion to stave off bankruptcy late Tuesday night. I wrote and posted a video on my outside mortgage blog called...
AIG Bailout Announced By The Fed (Video)
Click over to read the post and watch the … (2 comments)
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Fed Watch - No Change In Rates - 09/16/08 03:46 PM
I just posted an article and video on the Federal Reserve action today concerning interest rates called...
No Fed Rate Cut Today (Video)
The Wall Street traders to a man felt the Fed would cut rates. Some even speculated as much a 50 basis points due to the liquidity crisis the … (0 comments)
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Today's Bankrupty Candidate: Insurance Giant, AIG - 09/16/08 07:05 AM
I just posted an article and video speculating today could be the day AIG fails due to a downgrade in their credit rating yesterday which hampered their ability to garner the capital they need to stay alive...
AIG Bankruptcy Next Due To Falling Credit Rating & Mortgage Crisis
AIG is more … (3 comments)
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Mortgage Rates Set To Drop As Investors Flee Stock Market - 09/15/08 05:34 PM
I just posted an article on today's drop in the stock market and how it will impact mortgage rates, refinancing, and home buying activity moving forward called...
Better Mortgage Rates More Refinancing Result Of Today's Stock Market Slide
I recap today's volatile "flight to quality" and give a prelude to the … (0 comments)
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Another Black Monday In Store for Today? - 09/15/08 07:25 AM
I just posted an article where I outline the "Six Reasons Today Will Not Be a Black Monday Revisited" due to all the bad news over the weekend about Lehman Bros and Merrill Lynch, etc. called...
Black Monday Revisited - Unlikely Due To Federal Reserve Action
The Fed jumped in knowing after they … (3 comments)
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Bank of America Gobbles Up Merrill Lynch - 09/15/08 02:04 AM
I just posted an article on these supposed "bailouts" being more unregulated takeovers which are going to impact customer choice and competition in the future....called
Merrill Lynch Becomes The Latest Victim of Fed Bank Cannibalism
I don't know about you, but I'd like to have more than a hand full of … (0 comments)
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Another Investment Firm Is Almost Dead - No Bailout This Time! - 09/15/08 01:10 AM
I just finished a post on the Lehman Brothers demise called...
Lehman Brothers Bankruptcy Likely After Buyers Shunned By Feds
This time around the Fed or the Treasury didn't want to take on the mortgage exposure or maybe the deal was just not as sweet as the Bear Stearns deal a … (0 comments)
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Greenspan Video - Master Spin Doctor In Action! - 09/13/08 06:20 PM
I just finished an opus of a post on an interview Alan Greenspan did on Bloomberg yesterday where he completely abdicates the Fed's responsibility in the mortgage, real estates, and financial crisis. He discusses the need for the "bailouts" and dismisses the role of the Fed as "financial markets stabilizers.
Greenspan … (0 comments)
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Home Builder - Mortgage Lender Combo Should Be Avoided At All Costs - 09/12/08 06:05 PM
I just finished a review of the homebuilder/lender combo of NVR Mortgage and Ryan Homes after recieving a phone call from a former client. I was apalled...then after doing a little research I found example after example of clients being treated the same way...read this...
NVR Mortgage - Ryan Homes Review
… (0 comments)
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JPMorgan Coveting Washington Mutual Bank's Assets - 09/12/08 03:18 PM
I just posted an article on the shake up of Washington Mutual with their recent troubles bringing suitors out of the woodwork, called...
American Banker Reports JPMorgan Eyes WaMu Assets
Everyone is thinking WaMu is as weak as IndyMac with is untrue...and therefore needs a government bailout...wrong. WaMu has a branch … (0 comments)
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Mortgage Servicing Giant EMC Fined By FTC - 09/11/08 07:31 PM
I just posted a review of EMC Mortgage, a big subprime mortgage servicing company, who treats customers so badly they just got fined by the FTC $28 million.
Read the post here at....
EMC Mortgage Corporation Review
This review contains not only my take on the company, but a video report … (0 comments)
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Lehman Bros - Subprime Mortgages Causing Stock Sell-Off - 09/11/08 03:46 PM
I just posted an article on the sell-off of Lehman Brother's stock called ....
LEH Stock Falls On Mortgage Risk (Video)
where I post the reasons for today's sell off and a video analysis as well. It's my contention the stock pressure is coming from sellers who don't believe they can … (0 comments)
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Washington Mutual Stock Plummeting - 09/11/08 02:30 PM
I just finished a post with a video on the plummeting stock price of Washington Mutual, one of the nations leading banks and holder of huge amounts of subprime loans, called..
WaMu Stock Value Off Due To Short Sellers (Video)
The post and video recount the amount of outstanding shares currently … (3 comments)
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Warren Buffet Backs Out Of Depositor Insurance - 09/10/08 02:21 PM
I just finished a post on my mortgage blog called...
Kansas Bankers Surety Exits Bank Deposit Insurance Market
where I talk about Warren Buffet, undoubtedly one of the best connected financial guru's out there, exiting the bank deposit insurance business. If anyone is in a position to "know something" about the health … (0 comments)
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Mortgage Rates Falling On Takeover News - 09/08/08 03:53 PM
I just finished a post on mortgage rates falling due the government take over of Fannie and Freddie called...
Current Mortgage Rates Dropping Due To GSE Takeover
I explain the market mechanism which ties rates to risk and the now "express" backing of the US government for GSE debt, makes investor … (0 comments)
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Warren Buffet Speaks on GSE Bailout - 09/08/08 02:44 PM
I just posted an article and video of a 9 minute interview Warren Buffet gave on CNBC on his thoughts about the Feds bailout of both Fannie Mae and Freddie Mac called...
Warren Buffet On Fannie Mae and Freddie Mac Rescue (Video)
Inside the post I discuss his reactions and also … (0 comments)
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GSE Stock Holder Not The Only One Hurt By Government Takeover - 09/08/08 11:48 AM
I just finished an article on the plunging stock prices of the GSEs on the first trading day after the announcement the government would takeover Fannie Mae and Freddie Mac. It's pretty ugly, but predictable...and anyone dumb enough to still have their money in either deserves what they get.
But how … (0 comments)
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Treasury Takes Over GSEs - See Video - 09/07/08 01:34 PM
I just finished analyzing the Pauslon's statment on the take over of Fannie Mae and Freddie Mac...if you like to read it click the link below...
US Treasury Annouces Mortgage GSE Takeover - Video
There's a video at the bottom of the post....and after you watch it, please stay and read my explain … (0 comments)
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11th Bank Failure of the Year - 09/06/08 06:56 AM
I just posted on the 11th bank failure of the year - Silver State Bank of Nevada. You can read it here
Silver State Bank Failure - Assets Go To Nevada State Bank
The side to the story I didn't write about is one of Sen. McCain's sons recently resigned from the … (2 comments)
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Fannie Mae and Freddie Mac - The End Is Near! - 09/06/08 05:53 AM
I just finished a post on the government taking over Fannie and Freddie by Sunday. The announcement is to be made before the Asian markets begin trading...so the latest is Sunday night. The post is called...
Fannie Mae and Freddie Mac - The End Is Here!
I have written extensively on … (0 comments)
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Unemployment Numbers a Danger To Mortgage and Housing Sector - 09/05/08 03:29 PM
The headlines today will report on the base unemployment rate increasing to 6.1 percent, 5 year high, but neglect to mention the more important "long-term unemployment" numbers. It is these numbers that could pound the real estate and mortgage sectors most. Read my entire article called...
Unemployment Rate Threatens Mortgage And … (0 comments)
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Weekly Mortgage Applications Up - 09/04/08 11:43 AM
I just posted a post on the increase in weekly mortgage applications called
Mortgage Applications Increasing For The Week
I outline the difference in the weekly increase between refinance or purchase applications which by the way is heavily skewed toward more purchase applications...big surprise right?
Click over and take 30 seconds … (0 comments)
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Seventh Largest Mortgage Lending Cutting Workforce in Half - 09/03/08 01:11 PM
I just posted an article on my mortgage advice website about ResCap Financial owned by GMAC annoucing today they'll be closing all retail branches and laying off 60% of their workforce called...
GMAC ResCap - Closing Mortgage Offices and Slashing Jobs
ResCap is also the owner of Ditech Mortgage famous for … (4 comments)
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Is Alt-A Lender Riding The Comeback Trail? - 09/02/08 04:38 PM
Impac Mortgage Holdings, an old buyer of Alt-A mortgages, that also operated under the name Impac Lending Group is seeing it's stock price at 52-week highs seeking many to speculate this big player in Alt-A lending is on a "comeback"...
I beg to differ....and you can read about it on my outside blog..a review … (1 comments)
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New Bank Telephone Scam - 09/02/08 01:31 PM
I just posted an article on my mortgage website on a new bank telephone scam out there called...
Umpqua Bank Telephone Scam
The bank issued a warning since not just bank customers are getting the calls. Read more on this new bank scam, click over to
Umpqua Bank Telephone Scam
Given … (2 comments)
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FHA Denials Do Not Change With New Lender - 09/02/08 12:52 PM
Since the explosion in FHA lending after the subprime meltdown, there is a new erroneous belief floating around that re-submitting a denied FHA a loan to a second or a third lender will eventually end with an approved loan.
Nothing could be further from the truth. Read my article outlining why … (0 comments)
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