What you’re about to read is common sense at it’s best. It’s mostly penned by Charley Reese, who once wrote for the Orlando Sentinel Star.  I say “mostly” because I believe it’s since been slightly modified to include the references to Iraq and Pelosi instead of Tip O’Neal. My friend Richard just shared it with [...]

I stumbled upon a You Tube clip today worth sharing. It’s someone’s brilliant retooling of a flick about Hitler…but re-imagined as a real estate market speculator facing the reality of today’s market. I gotta say, I’m impressed at the thought someone put into this.  I’d love to hear your thoughts as well… Related posts: Ron [...]

I admit it…I love You Tube. From weird viral videos to personal home movies to controversial politics…you can find it all and more. While perusing some clips related to our current financial , I came across some clips from Senator Ron Paul that grabbed me by the eyelids and wouldn’t let go.  Watch below…and be [...]

Heading into the weekend I just want to pass along an article I read today that, frankly, really challenged me. It’s from short sale guy Josh Cantwell sharing his thoughts on the Fannie/Freddie Mac seizure doubtless everyone in the free world should be keenly aware of by now. Now I should clarify, he didn’t ask [...]

So Uncle Sam just ate cousins Fannie and Freddie.
With that, the we enter a new and uncharted phase of the mortgage crisis, potentially saddling American taxpayers with billions of dollars in losses from home loans made by the private sector.

Here’s a spattering of articles I’ve stumbled upon this week, and found interesting, relevant and shareworthy… “Bulk REO Properties – Is the ‘bulk’ REO deal a myth?” (The REI Brain, 7/16/08) “I have been seeing all kinds of people saying lately that they are “bulk reo property” buyers. Then they go on to say that [...]

I first heard about all the fuss with Fannie Mae and Freddie Mac on Sunday while at Shaun McCloskey’s short sale bootcamp. Someone had mentioned it, after catching a glimpes of the news on a break. Now that I’m back in town I’ve done a little reading up on what’s going on. Veeeeery interesting.  It’s [...]

Indymac Bank, one of the largest independent mortgage lenders in the U.S., was shut down by the feds today. No, I’m not jumping on the “sky is falling” bandwagon here.  But this is still big stuff, folks. It’s the fifth FDIC-insured failure of the year, the biggest bank failure of the housing downturn to date, [...]

Just a handful of interesting articles and tidbits I’ve stumbled upon in the last week or so. I found them interesting and thought you might as well… At What Point Should You Hire Help? An excellent post from Shaun McCloskey featuring a short interview with one of his students. “I just got off the phone [...]

In case you missed it, a couple weeks back Freddie Mac announced guideline changes that will dramatically affect many residential real estate investors. As of August 1st, 2008 the following changes will officially go into effect: A borrower may not have more than four financed 1-4 unit properties (including the subject property); For cash out [...]