Posts under ‘Lending’

In a comment on a recent post, I shared with David Shafer the “revulsion that an ignorant, greedy originator causes.”  The Great and Powerful Oz - one of the sharpest minds in lending… actually just one of the sharpest minds period - called me on it and asked if I might define “greedy originator”.  Never one to back down [...]

And the beat goes on…  but sometimes it helps to have that little bouncing ball show us exactly what lyric we are singing this week.  All together now:
Today the Fed suprised no one by opening the discount window to ailing siblings: Fannie Mae and Freddie Mac.  Together they hold more than half of all mortgages in the US and the [...]

On June 9th, in a speech to the National Press Club, FHA Commissioner Brian D. Montgomery announced that his agency plans to create new regulations banning the use of down payment gift programs.  The most popular of these programs is The Nehemiah Program and you can go to their site for more details, but the gist [...]

I just finished writing a comment regarding the mortgage meltdown which led to the credit crisis which has caused a real estate recession (don’t you just love our fondness for allegorical alliteration!)  We were playing the blame game over on a post I wrote regarding The Gang of Three and how Wachovia’s current misfortunes may [...]

Wachovia board members have forced CEO Ken Thompson to retire  and Realtors should be popping champagne corks all over the nation.  Why?  Because Wachovia is the final reckoning of the Gang of Three and this may very well signal the bottom of the market.  Disclaimer #1: I usually write posts and comments backed by statistics.  Barry Cunningham will attest to [...]

How do you know when you are backing a good horse? You see the guys that know horse flesh standing in line in front of you and betting the same horse.  How do you know when you are becoming a pretty good judge of horse flesh yourself?  When those same guys are betting on the [...]

When it comes to success in real estate, the key has always been and will always be: leads.  The melody may change but the song remains the same.  If you want to make money in Real Estate you must generate leads.  If you want to become wealthy in Real Estate you must generate leads at a [...]

The press eats this up… Kris Berg has a current piece on a California couple initiating their law suit… Maybe we should just create “stupid stickers”

There is a great scene toward the end of the movie Animal House.  The Deltas have decided to wreak havoc on the Faber College Homecoming parade.  The grandstand has been destroyed, floats are running amok, people are fleeing for their very lives and there is chaos in the streets.  One of the ROTC members who [...]

Over the weekend I enjoyed a lively debate regarding the couple that is suing their Real Estate agent in Carlsbad.  Brian Brady wrote a humerous post and it generated a lot of comments.  The idea that I walk away with on so many of these issues is this: what ever happened to personal responsibility.  We [...]