I found these videos on revolutionradio.org. Without question (and without the usual "jargon") these are the best explanations of what has caused our current predicament that I have ever seen. And it shows why it's much more wide ranging than just mortgages. Sit down with a … [Read more...] about The Best Explanation I Have Ever Seen
As you can imagine, not much has happened in the markets the past few days. I don't expect much until the New Year. Lenders are changing their guidelines but rates are holding steady. I have one huge objection to these low rates the lenders are screaming from the rooftops. … [Read more...] about The Lull Between Christmas and New Year’s
Who's the Old War Horse? Why, me, of course. I've lived through so many up-swings and down-turns in the market - it's exhausting. In the early 80's when I was a stockbroker, rates were in the mid to high teens. The later 80's saw drastic changes in the real estate … [Read more...] about An Old War Horse
When I was a stock broker in the early 80's, I remember my manager announcing to the entire office that we had to sell a certain stock that day. Our company had accidentally overbought a specific stock issue and we had to get rid of it, so sell! sell! sell! Who cares if it fits … [Read more...] about A Dirty Little Secret (that you already know)
I read today that over 45 percent of Americans have at least one medical collection on their credit report. Even though the lenders say they don't hold that against you, the truth is medical collections can affect your credit score to such an extent that you are unable to … [Read more...] about As If We Don’t Have Enough to Worry About
A few months ago, one of my colleagues emailed this slide show to me. In cartoon, which seems fitting somehow, this will show you how the mortgage mess really came about. Everyone is busy blaming everyone else. Let's face it - there's plenty of blame to go around. Now … [Read more...] about What Really Happened???