mortgage mess: Call to Action - We must fix the real estate market ourselves !!!
- 06/17/09 12:43 AM
If the public and government ever needs to hear our voice, it's NOW !!! I never like to sound negative in my blogs, but we need to face reality. Yes, there are some reports saying that the economy is turning around. There are some reports that say that people are spending money. And even some realtors are saying that they are busier than ever before, in the last 4 months or year. But let's break down some of the reasons why it might seem positive, when overall, I believe that it's really bad out there. This is just my opinion. … (57 comments)
As some of you have heard, the Federal Reserve is buying up 10 year notes and mortgage backed securities at record levels. What does this mean? Much lower mortgage interest rates. Will this be good? Many think so, but I don't see it helping. I'll explain in a few. Here is what Bloomberg reported in an article that they wrote. "The Federal Reserve opened a new front in its battle to bring down borrowing costs across the economy, pledging to buy as much as $300 billion of Treasuries and stepping up purchases of mortgage bonds."
Mr. Ben Bernanke is considered the 4th most powerful man in the world in the banking sector and can at times operate independent of the President of the United States. Not sure if you watched the 60 minutes interview of Ben Bernanke. I was impressed because he seems down to earth, humble, and caring about Main Street USA. - Mr. Bernanke grew up in Dillon, a small town in South Carolina. He remembers the culture of Dillon and applies it to his decisions. In the interview, they talked about his childhood home that was bought by another … (63 comments)
Anyone in the news media, please read this. No matter if you are TV., radio, newspaper, please listen up and forget about what sells !!!!! My problem? News that is misleading or not the truth. News from sources that aren't that reliable. Stop picking Joe Wannabe who sounds like a professional in the mortgage industry or the real estate industry. Stop interviewing people that really have no clue or who are one-sided.
What ever happened to common sense? Or is your job all about just selling news that sells. Okay, don't answer that question, we know the … (86 comments)
mortgage mess: You won't take my money, but you want to foreclose on me???
- 10/15/08 06:28 AM
It has gotten really ugly out there in the last 12 months. What happened to common sense? What happened to if someone got behind on their mortgage payments, but later on they brought me half the money? I am sure if you had owed $10,000 to a bookie that they would call you constantly and threaten you per se. But if you said I can give you $5,000 now and $1,000 a week for the next 5 weeks, that they might be okay with that. Overall, I know banks aren't in it to keep tabs on who owes them what. … (19 comments)
mortgage mess: Stop pointing the finger !!!!! We screwed up !!!!
- 09/29/08 03:23 PM
The Constitution of the United States of America "We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America." The source of this preamble was found here : http://www.law.cornell.edu/constitution/constitution.preamble.html
Politics at its best... right? I really don't like to talk about politics and religion. But I needed to voice my opinion because there … (16 comments)
The ultimate pill to relieve the real estate and the mortgage problems doesn't exist. What's up with the media and all the negativity? Isn't that how they sell the news? What about the government that keeps coming out with solutions with several lenders making promises. Don't forget, we are in an election period. So is all of this smoke and mirrors? What about these new programs that they are coming out with? Most programs will only help a select few. Sure, helping a few is better than nothing. But when they come out with a program that sounds great, … (11 comments)
I just want to educate people about mortgages and the process.
In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.
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