It's hard to imagine that 2008 is just about over. What a challenging year in the market this has been. It's difficult to turn on any news channel without hearing the top story of the financial crisis.
But there is part of the story that you may not hear from reporters as many don't understand what really happened...and what may happen next. In my recent blogs, I've mentioned Mark to Market, a "little" accounting rule and how it has had a broad impact on our current financial situation.
My good friend and industry expert Barry Habib has given me permission to pass along this short video and article that were created to put an end to the confusion once and for all!
Barry Habib is Founder of the Mortgage Market Guide and Chairman of the Board for Mortgage Success Source. He frequently appears on both CNBC and Fox Business. In this video he provides a clear explanation of exactly what caused the current financial crisis - and what to be watching for in the near future.
I hope you enjoy this special insight and find it helpful in your business.
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