financial crisis

Big Changes Coming for Mortgage Market

by Jeff Cameron February 8, 2011 Real Estate Market Update

It seems to me, this is not the time for big changes. With values down at least 50% and as much as 80%, this is the time to make credit easier. These loans have far less risk, home values cannot fall as they did before.

OK, how much they fell, what percent, does not justify the …

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MAGNETAR – THE DEVIL IN DISGUISE

by Jeff Cameron November 26, 2010 Real Estate Market Update

More NEWS on Magnetar. Magnetar was the hedge fund that singlehandedly extended the financial crisis another 2 years.

I don’t want to try and explain it all when I can just it from the source: goo.gl/hossN

Update Oct. 29th, 2010: This story has been corrected in response to a recent letter from Magnetar. Read their letter, along with …

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HOW IS THIS FOR A PRICE DROP? DOWN APPROX $42 MILLION – THE WHITE HOUSE

by admin January 21, 2010 Real Estate Market Update

Yes sir, even the White House it not immune to the Financial Crisis and loss of value. According to Zillow and their Zestimate, the white house is down about $42 million since its peak in January 2008. I thought this was interesting, funny and ridiculous. After all, who would pay $291 million for the white …

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Now???? Fannie Mae is changing Conventional Loan Guidlines NOW??? Making them tougher, NOW???

by admin December 1, 2009 Real Estate Market Update

It amazes me, the pathetic actions of the people that run this country and its largest companies. They have no long term vision, they fail to act in a timely manner and then after the disaster they act in a way that makes it worse!

Fannie Mae is changing their Conventional Loan Guidelines to make it more …

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COST OF BAILOUT $24 TRILLION

by admin July 20, 2009 Real Estate Market Update

OMG, check this out. The AP is reporting that the gross cost of the Federal bailout could be as high as $24 Trillion! WOW, or $80,000 for ever American in the US. I will tell you what, we have 6 in our family, just send me a check for $480,000 and let the banks fail!

Seriously …

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