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04
May
Where’s the Housing Bottom?

Where’s the Housing Bottom?

Here’s a comparison you don’t hear very often: the home-buyer tax credit versus European debt crisis, earthquakes in Japan, and debt ceilings. I just wouldn’t have put all those in the same thought, but apparently someone did. A top economist was asked if the housing market has hit bottom. He wisely avoided the question by...

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22
Feb
Chopping Up Fannie and Freddie

Chopping Up Fannie and Freddie

At last – a ray of hope! A beacon shining through the mist of Washington chaos pointing a way towards a brighter future. Okay, so that intro was a little melodramatic, but sometimes it feels that way. And especially after all of the horrific revelations about Freddie Mac that came out recently, it’s unbelievable refreshing...

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17
Feb
Freddie Mac’s Scam Has Cost You

Freddie Mac’s Scam Has Cost You

People are just continually shocked by the latest stories that come out regarding Freddie Mac. But the worst is only now being discovered. For years the company has been betting against the housing market and even fixing policies and programs to ensure that it fails. One of the ugliest tactics they’ve used is to make...

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14
Nov
Big Bonuses for Bad Boys

Big Bonuses for Bad Boys

Oh boy, you guys are going to love this. Remember all the outrage when private companies that got bailed out by the government started giving huge bonuses to their top executives – the same executives that caused the financial meltdown? Well, the sequel to that story is happening the right now. This time we’ll call...

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28
Oct

Banks Set for Next Scam

Okay, so the government has finally decided that HARP 2.0 (Home Affordable Refinance Program) is a good idea and should get off the ground. If you remember the politics behind it you know what a beating the government took just to get that much. Well, not surprisingly the 4 biggest mortgage servicers are squarely behind...

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14
Oct
Gov’t Refinance Still Not Coming

Gov’t Refinance Still Not Coming

Our President is prone to making promises that sound good but don’t really go anywhere. That’s nothing new for any politician but it’s really tough when these promises come during a recession. I know some down and out homeowners who are literally hanging on the president’s every word hoping for some relief from crushing debt....

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19
Aug
Obama State’s the Obvious . . . Again

Obama State’s the Obvious . . . Again

I think you can divide people in this country into two categories: people who think Obama is doing things wrong and people who think Obama does nothing. I’m really not convinced you’ll find anyone who think he’s really improving things and getting things right. And you know what? If he’s doing things wrong, I’m sure...

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11
Aug
Washington Joins My Coaching Program

Washington Joins My Coaching Program

Guys, I’m proud to say that three new members have decided to join my coaching program. That’s right, three high-profile organizations have actually approached me to learn my secrets. You may have heard of them: Fannie Mae Freddie Mac Federal Housing Administration Um, do I need to repeat those names for you? Those groups currently...

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29
Jun
Fannie and Freddie are Off the Hook

Fannie and Freddie are Off the Hook

Okay guys, apparently we’ve had it wrong all along. The whole financial crisis, collapse of the housing market, record unemployment, etc. wasn’t really anyone’s fault. Well, it certainly wasn’t the fault of anyone that we wanted to blame. And certainly not of Freddie Mac and Fannie Mae. Very basically, people all along have been saying...

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15
May
Obama’s Pretty Please to Banks

Obama’s Pretty Please to Banks

Well, since Obama asked so nicely I guess we’d all better listen. He has publicly asked the banks to “be nice” to lenders. His main argument was “Banks, we were nice to you when you needed money, so please be nice to us.” Not the most inspiring speech I’ve ever heard from the leader of...

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