government: 10 Names You Need to Know - A Who's Who In The Ever Changing Mortgage World
- 05/18/09 05:46 AM
We all know that changes are occurring in our industry every single day. But do you know who the top governmental players are that create and implement change? Here is a bit of cheat sheet to help you know who is who. Timothy Geithner Secretary of the Department of Treasury The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth and fostering improved governance in financial … (1 comments)
government: The Glass Is More Than Half Full
- 12/02/08 12:40 AM
Two Recent Articles to Consider: It's official: The U.S. entered a recession in December 2007, according to the private National Bureau of Economic Research's business cycle dating committee 1:03 p.m. EST Dec. 1, 2008 http://www.marketwatch.com/news/story/text-nber-statement-recession-began/story.aspx?guid=%7B3B228C64%2DED37%2D48FB%2DBE1D%2DFD54B89026B2%7D&tool=1&dist=bigcharts From the Concise Encyclopedia of Economics: Recession http://www.econlib.org/library/Enc1/Recessions.html From the article... "The average recession during the past fifty years lasted eleven months..." In reflecting on these two articles, I think there is much more to be positive about right now than most might believe: The average recession during the past fifty years lasted 11 months The 3 worst recessions (other than the Great Depression) since 1920 lasted 16 - 18 months The … (5 comments)
government: B is for Bailout
- 11/23/08 11:32 PM
The $700 billion bailout plan is here and it is more than 400 pages long. I've had numerous Realtors and loan officers ask me how to explain the bailout plan to borrowers and how homeowners are going to be helped by this plan. So, in this article, I'll attempt to give you an overview of the plan, but I won't get into details. This is a simplistic explanation, but many people have found it useful. For all of the details, Google "TARP plan." How does the bailout plan help homeowners? It doesn't - at least not directly. The bailout is … (2 comments)
We all know that changes are occurring in our industry every single day. But do you know who the top governmental players are that create and implement change? Here is a bit of cheat sheet to help you know who is who.
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