Tag: mortgage crisis

Here We Go Again With The Lending

Intercepted from inter-office emails: Great News, We are now offering Fannie’s new HomePath loan program! Let your clients know these improved loan terms to generate new business. Essentially, the program has the clients using Fannie loans to buy foreclosed properties owned by Fannie, therefore Fannie gives improved loan terms to the buyer. PROGRAM HIGHLIGHTS: -97% … Continue reading Here We Go Again With The Lending

Explanation of why banks have gone under or merged

This by Marc Herrenbruck (No way I could come up with this!): “Crazy times. Whatever the political posturing, a plan needs to be passed. Credit markets are frozen and banks are going bust every day. This is not totally because of “toxic” mortgages. This has a lot to do with FASB 157, also known as … Continue reading Explanation of why banks have gone under or merged