business networking: 24 years and I had enough! - 11/21/09 03:36 AM
So it has been 24 years since I entered the industry of Real Estate:
In the 80's, we were just coming out of double digit interest rates, 15-18%, ARMS were born in the early 80's, since most couldn't afford a fixed rate. Straight, no qualifing assumptions were BIG!
In the 90's, WOW! Building boom, rates down, FHA decided that allowing assumable mortgages wasn't such a hot idea. Several ownership changes, then a default, the an "I don't care!" from the original borrower.
In the early '00s, Boom again for everything, low rates, crazy appraisals, no-cash in the sales loans like … (2 comments)

 
Todd Davis (Gold Star Referral Clubs)

Todd Davis

Tulsa, OK

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Gold Star Referral Clubs

Address: 4938 E. 73rd St., Tulsa, Oklahoma, 74136

Office: (918) 933-4866



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