loan: Should Fannie and Freddie be Bailed Out?
- 09/08/08 07:09 AM
Just Like the boy whocreid wolf, banks and investmetn firms are crying "Baiolout!" and they are crying loudly. The Fed is listening, and instead of asking "Why jump?," whne the banks tell them to do so, is saying, "HOW HIGH?" the truth is this jump call, isn' tjust being made by Fannie Mae. It's "kissin' cousin" Freddie Mac who seems no less bent on getting some of that "free" Treasury money. Yep, the Fed, which is not a government entity, but a private banking corporation is behaving like United Airlines, and Bear Stearns Who now have their platinum parachute firmly and … (2 comments)
loan: Short Sales Foreclosures, Etcc.
- 05/28/08 02:35 AM
This is a topic near and dear to my heart. I do a lot of loss mitigation work. This is where banks ask me to meet with a homeowner and look for ways to work things out to keep the homeowner in the home (translation: see if the loan can be saved). This sounds somewhat mercenary, the way I just described it. it isn't in reality. First the homeowner through some event or chain of events has fallen behind. The payments are missed, and both the homeowner and the bank are worried. One is worried that they will lose the roof … (1 comments)
loan: Using The Right Tools
- 04/11/08 02:19 AM
It's sunny again, and the snows of yestrday are only on the lawns. Welcome to April in Colorado. things look greener wrapped in a whit frosting, and the crisp air makes me move a bit faster, dressed in my signature cargo shrots, Hawaiian shirts, and Crocs. I love the chill that is still in the air. It is invigorating, and keeps me alert, ready to ligt a fire in my state's market. The topic today has come about because of something that happened here this morning. I have this really comfortable reliner. Soft, supple leather and broad armws make computing in this … (0 comments)
Just Like the boy whocreid wolf, banks and investmetn firms are crying "Baiolout!" and they are crying loudly. The Fed is listening, and instead of asking "Why jump?," whne the banks tell them to do so, is saying, "HOW HIGH?" the truth is this jump call, isn' tjust being made by Fannie Mae. It's "kissin' cousin"
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