Larry Iest's (larryi) Blog

Credit markets are frozen. What are the factors behind the credit market freeze? One of the big perpetrators is FASB 157 or mark to market accounting.   What is FASB 157? FASB 157, pronounced FAZ-BE, more commonly know as mark-to-market accounting is accounting regulation that is designed to brin...

Here is the Mortgage Market Update for the week of October 13, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK Last week was a historic in all of the financial markets. The volatility in the stock and bond markets charts look like a roller coaster at Magic Mountain.  The Government...