Homebuilders Still Struggle - 07/27/07 10:32 AM
Why is it that with plenty of LEGITIMATE yet creative ideas to move property WHILE HELPING BUYERS, some builders are sitting by watching millions of dollars in losses swirl down the drain?  Business Week reported (as did many other news outlets) that sales of new homes fell 6.6% in June, a drop of more than 3x what was expected and the biggest decrease sine January.  With a supply of 7.8 months and a falling median price point, builders (like DR Horton) are taking a bath (I'd call an $835M loss for DR Horton a blood bath).  See http://www.businessweek.com/investor/content/jul2007/pi20070726_112318.htm?chan=top+news_top+news+index_investing
Why is this … (2 comments)

Fannie and Freddie...the Gods Made a Mistake? - 07/03/07 03:42 PM
Fannie and Freddie may lose as much as $6.6 Billion!?!?  Wow, the way these guys act, they can do no wrong!  The companies can be difficult to work with, although if you're high volume, variances are easy to come by.  In the end, it's difficult to comprehend why the companies aren't scrutinized more...and held responsible for their actions and their unworldly losses.  See http://player.clipsyndicate.com/main/player?playlist_id=156&clip_id=1006993&cpt=8&
Look at the above video, then consider this report from Reuters from June 21 which reports that "Several of the top executives with mortgage finance company Fannie Mae will receive over $1 million each in bonuses under a … (4 comments)

Back in the Saddle...and Home Sales Haven't Improved - 07/03/07 11:44 AM
Lucky me.  Been on the road selling my company's program in various states...and the response is very favorable.  We're outside the box thinkers...so it's not for everyone (some people just can't see outside their boxes).  I don't use this forum as an overt solicitation for business, so I won't say anymore about my biz.  On to the news.
The BBC reported today that pending sales of existing homes in the US fell in May to the lowest level in six years.  According to this story, the NAR says that sales fell by 3.5% in May to the lowest level since September 2001.  … (2 comments)

 
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Jason Romrell

Los Angeles, CA

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Business Attorney and Success Advisor

Address: 7119 W Sunset Blvd, Ste 651, Los Angeles, CA, 90046

Office Phone: (323) 570-0756

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Business advice and useful information. Not always "on point" with mortgage lending or real estate...but that's BIG business, and knowing how to operate effectively is critical to success.


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