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Blog entries tagged with "crisis":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
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According to Wall Street Journal writer, Cyril Moulle-Berteaux, April of 2008 was most likely the bottom of the market. Click here to read this great article:
Well we're almost halfway through the year and I'm still wondering, Where's the cheese? With the whole credit crisis and houses still sitting on the market for months on end I'd have to say it's time we all come together and help turn this disaster into something positive. You see what … (2 comments)
My take on what happened in our last legislative session ... 
The Housing Crisis is Over? by Cyril Moulle-Bertaux with Traxis Partners LP is a GREAT story in today's WSJ. I see a number of signs in my own area as well that we are at, or close to, the bottom. Obviously we will not know for sure until late this winter or … (3 comments)
Today as I was checking my email, I saw several notices that gave me a little chill. 
The Doomers PerspectiveGreat time to buy? You're probably better off waiting. There is strong evidence that we are witnessing the beginning of what will be one of the most destructive periods in our otherwise polished economic history. In it's glory days the real estate market allowed owners, first-time homebuyers and investors … (0 comments)
According to a recent U.S. News and World blog post, Arizona ranks fourth among the top 10 states in terms of foreclosures per household in March. The list, which was actually compiled by Real Estate Bloggers, is:
I was in the kitchen the other day and while I was washing some dishes I heard my youngest daughter crying outside. I stopped for a moment and went out side and instantly my son pointed at my oldest daughter and my daughter pointed at my son. I did not even … (1 comments)
moneyboxHere Comes the Next Mortgage CrisisSubprime was just the beginning. Wait until California's prime borrowers start handing their keys to the bank.By Mark GimeinPosted Tuesday, April 15, 2008, at 8:12 AM ET California is to mortgage lending what Chicago is to pork bellies. For years, that meant it was a place … (1 comments)
Change...He believes he is the man to bring about change......
"Come to my web." said the spider to the fly. I know that I am asking for trouble writing about this mortgage crisis and for the first time, I am REALLY looking forward to input from as many people as possible.... Here's how I understand the mortgage crisis and why it directly … (5 comments)
To help deter the credit crisis the Federal Reserve decided to buy packages of loans known as CMOs or CDOs.
In order to protect the consumer in mortgage origination the following changes shall be made:
Sure, there are pockets of pain around the US, but it's not as if most Americans are losing their homes. 
On March 14th, Bear Stearns, the fifth-largest investment bank in the United States, entered a period of insolvency. As growing lack of confidence in the firm's subprime exposure grew, other banks eventually refused to lend to the stricken company, which has existed for over 85 years. Were Bear Stearns a commercial … (0 comments)
"There is NO mortgage crisis in America today. There is a subprime mortgage crisis, but regular loans are made every day and houses are selling fine in almost every area on traditional mortgages."
By Dallas Realtor, Bill Cherry
I think I first was exposed to this grid at a Ken Blanchard seminar. I have used it many times and I have also tried to keep a good balance of spending more time in Quadrant 2, but it isn't always easy. 
Los Angeles Times Article
Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren't … (0 comments)
When the dust settles and the intellectuals are called to analyze what went wrong here, only then will we have the answers to what we ponder today. Theoretically speaking, cataclysmic events systematically occur on a 500 year cycle according to some unknown researchers. Are these "soothsayers" accurate? There are some things … (0 comments)
Maryland Gov. Martin O'Malley announced emergency regulations requiring loan service companies to tell the state when residents are in danger of losing their homes so the government can offer preemptive help.
Ann Heinz Of Kensington Mortgage Says-Still Not At The Bottom!
545,000 families have received help so far with their sub prime mortgages to save them from foreclosure.
In local paper tonight in Staten Island there was a very interesting article for all us realtors regarding a couple who is faced with foreclosure of their townhome here. They were stuck with a bad loan, collapsing financially under the weight of a crushing mortgage less than a year after buying … (3 comments)
Why is the sub-prime mess, all of our problems? Each and every one of us?"I've got good credit, I'll be able to buy anytime," said a buyer recently. Well yes and no. The video below demonstrates powerfully how this mess affects us all, good credit, ok credit, not so good credit, … (0 comments)
When things go wrong we sometimes look to blame someone else. When things go wrong for a company, it sometimes blames the government. But it's often the government that has to bale us out - take the mortgage meltdown we experienced last year. Perhaps this was the trigger that started the … (1 comments)
I post this entry after once again having a full priced offer on a short sale for one of my clients rejected. So I may be a bit perterbed.
I was watching the news today. What was talked about was that nationally we have over a 10 month supply of homes on the market. 
Well, 2007 has been interesting, to say the least. There have been a lot of changes in real estate in general and, specifically, some industry professionals have decided to throw in the towel--but not everyone will! So, I just wanted to share with you what a teacher in a graduate class … (2 comments)
Boy, the situation on the mainland gets worse and worse? Ken Lewis, the CEO of Bank of America is worried that borrowers with strong credit scores might not be able to make their loan payments if the housing crisis worsens. This would seem to portend tightening of the availability of funds … (16 comments)
Did you know that the English word "crisis" is a direct lift from Latin, which in turn takes it from the Greek, meaning "decision"? English use of the word dates to the mid-16th century when it was used to mean a turning point in the course of a disease, a point that … (5 comments)
Is it true? For months how the media has been talking about how bad the economy is, and now I heard on the radio this morning it is gonna get worse! Yes, "Oh the economy was good, yesterday, but it looks like it's going to be so bad tomorrow. 
How much can one say about the problems with bureaucracies? Read this article (if you haven't already) and you'll see what I mean. Why is it that the folks WE pay (with our tax dollars) are the ones with the least amount of creativity and hardly a sense of urgency?
1031 when all else fails! Trade it!
I recently watched a vendor (title company) handle their second crisis in a short time, earning another "F". While I find most folks wither while a crisis unfolds, I have a few suggestions for those who need help.
The mortgage industry is going through a change. Not only in the way business is done, but also in the types of products and the number of people that may be helped by our business.
Why is it that people are shocked that after walking on the edge of the garbage dump, they go home smelling like a garbage dump?
Good afternoon.
Sales are Down, WAY DOWN...
As reported in Business Week, Sept 17, 2007 ... 
From InmanWiki
I don't usually share personal stories, but I feel strongly that this message may be helpful to someone reading our blog. 
Just wanted to announce that Athens Mortgage Bankers is partnering with Food Bank of NorthEast Georgia and holding a FOOD DRIVE!
We need Britney, Lindsay and maybe Paris to do a Blonds from Rehab tour to get the media of our backs. Maybe they can all come out in beat up Lexus with car sets and do a few songs together. Maybe Madonna can top line and that will be the new fad. Just … (4 comments)
Thomas Sowell, the brilliant economist who explains complex issues very simply, addressed the sub-prime mortgage issue beautifully in his August 8, 2007 article (Sub-Prime Politicians). There is plenty of blame to go around but he sites that government policies have also contributed greatly. I think, to a degree, we are all … (2 comments)
Intelligence Report 
With today's drop in the DOW and AIG Insurance Representatives making remarks to Wall Street about the condition of the market, further scares in the market may have additional negative reactions by lenders and in the market place in general.....
From the AP:
Dow Down 387; Second Worst Loss of Year … (6 comments)
These are historic times as the "Perfect Storm" passes through residential real estate financing! These days will be written about for years to come as we are currently witnessing a "Liquidity Crisis" work its way through the financial markets.
I stated in an earlier post that banks will begin tightening their underwriting rules. We'll that time is NOW! Anyone who is in the business needs to understand and understand NOW that stated loans are a thing of the past. If they do offer them they'll be at much higher rates...Stated … (6 comments)
Let me say again that I am ALMOST totally opposed to short sales. I suppose that in very limited circumstances a short sale is the "best" solution to an otherwise unsolvable problem.
For two weeks we were "captivated" by the story of Delta and Dawn, mother and child humpbacked whales "lost" in the Sacramento River delta more than 100 miles from the open ocean. Held captive by the news stations is more like it. Seldom has their been a less interesting story milked … (8 comments)
I would love to hear from lenders in the network who are willing to talk about the current mortgage crisis. I know when the market was HOT, subprime lenders were fat and happy handing out loans to barely qualified, and sometimes unqualified clients. Real estate agents participated in this as well, … (6 comments)
I gotta share what happened to me today. Let me start by saying that for the past 8-10 years for conforming loans, pretty much "A" paper loans we have been relying up automated underwriting systems. These systems are proprietary and over the years, the only way we could close these A … (0 comments)
What would you say to someone who's thinking about throwing in the towel on real estate? I mean, it's been a while since the last closing and the bank account is dwindling and she only has one listing (and it's a mobile home for crying out loud!). It's that kind of … (0 comments)