After reading about Richard Bitner’s recent book entitled “Confessions of a Subprime Lender” I faced the possibility that this section of our generation will be known for our economic blunders. Then the thought occurred to me that we could either be known for our amaziing ability to screw up, or we could be known as [...]
Archive for July, 2008
Confessions of a Subprime Lender
Posted in 1 on July 15, 2008 | 1 Comment »
Commercial Loans: Behind the Next Hit
Posted in 1, tagged property valuation universalreo foreclosure bpo wall st on July 15, 2008 | Leave a Comment »
The article below was taken from the Wall Street Journal and touches on a subject that I’ve spent a lot of time considering. I’m sorry that the story cuts off – on the WSJ website you’ll be asked to join as a member to read the full story. I do recommend subscribing to the WSJ [...]
Where is the Peak of Foreclosures and the Trough of our Economy?
Posted in 1, tagged bpo, economics, fannie, foreclosure, freddie mac, indymac, lender, recession, reo on July 11, 2008 | Leave a Comment »
I still snicker a little bit when I think back to the July 1, 2008 news that boasted the fact that we didn’t “officially hit bear market”. The National Bureau of Economic Research has a pretty good description of what a recession consists of (read about it here for yourself). It brings into consideration GDP [...]
Even the Hollywood Celebs Have Mortgage Problems
Posted in 1, tagged bank owned, bpo, ed mcmahon, evander holyfield, famous, foreclosure, michael jackson, reo on July 2, 2008 | Leave a Comment »
It’s pretty easy to think of how good you might have it if you were a Hollywood start: The glamor, the fame, the fortunes. The possibilities seem endless when you ask yourself the question, “What would I do if I were world famous and a millionaire?” Activities such as these come to mind initially; heli-skiing [...]
