Unless you were on a deserted island in the middle of the Pacific Ocean last week, I’m sure you’re aware of what transpired in the stock market last week. Just when you might have thought it had hit bottom and it was safe to come out again, another drop occurred. I would daily [...]

Could you have written a better piece of drama or fiction than what has occurred in the past two weeks?
Could you ever, with credibility, have predicted the chaos in the U.S. financial markets which has resulted in the erosion of trillions (yes, trillions) of dollars? Fannie Mae & Freddie Mac being taken over by the [...]

Three or four years ago, I had rep from a large respectable sub-prime lender (No, this is not an oxymoron!) telling me I really needed to get into this new market because it was becoming very profitable. I explained that I could see nothing but future problems with these types of loans for the [...]

Do we really need a $600 check to turn the economy? Is this the “magic” needed to save the housing industry? I believe otherwise. I find it truly amazing that $600 will accomplish or even make much impact in short order. What about the long range issue of the aggregate value of all these $600 [...]

That sound you hear in the background is the cheers from my family over the fact that I’ve finally joined the 21st century! I hope I can write over the noise… At any rate, here are my thoughts on what’s been happening in the mortgage industry lately.
SUB-PRIME LOANS HAD BEEN AROUND FOR AWHILE. It’s true; [...]