Who Holds the Old Maid? - It’s More Than Freddie and Fannie … The US Banking System Is in Trouble  … (Chris Whalen) There is a crisis brewing. He expects 100 banks to fail between now and July of 2009. Most of them will be small, but there will be a few large banks. The […]

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To Our Clients, Colleagues and Friends

We haven’t been involved in too many start-ups this year, but one where we helped write their Strategic Plan was Bay Equity.  This San Francisco lender just finished its third month of operations and closed over $17 million in August.  Way to go, all you McGovern brothers.
We’re always telling clients […]

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What is new besides Vice Presidential nominee Palin’s 17-yr old unmarried daughter being pregnant? Not much is new with mortgages, aside from rates being higher this morning. A farmer won $50 million in the multi-state lottery. When his local newspaper asked him what he was going to do with the money, he replied: “I’m going […]

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RESOURCE: has list of sites offering free spreadsheets - Spreadsheets: Free to Learn - No-cost tutorials, instruction, and advice are only a few keystrokes away. - John Edwards - CFO.com 
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Realtors: Represent REOs with caution - Dirty little secrets lurk in lender listing agreements -  By Bernice Ross - Inman News
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Credit-Card Rage - Debt-strapped consumers vent […]

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To Our Clients, Colleagues and Friends:

We were on a panel recently with a person from HUD.  We asked her how many consumer complaints come from actual consumers, and she said that the overwhelming number of complaints is from mortgage bankers ratting on their competitors.  Nice.  But all’s fair in love and war, right? 
We get lots […]

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Fannie, Freddie Shares Rally; Nationalization Fears Ease - PAUL JACKSON - You know what, maybe we were all a little premature on this nationalization talk. - housingwire
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PIMCO’s September 2008 Global Central Bank Focus, “In the Fullness of Time” by Paul McCulley, is now available at PIMCO .. The most important conclusion, at least to […]

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