Market bubbles and depressions tend to be more social phenomenon than rooted in fact.
Credit Crunch, Mortgage Meltdown, Sub-Prime Crisis, Alt-A Debacle, Housing Doom, Bursting Bubbles…the cliches are as creative as the financing options that used to permeate the marketplace. But what are the real numbers behind such doomsday hyperbole?
They’re not quite as sexy nor [...]
Column like I seem them…
Bankers are entitlement minded elitists, Brokers are street level hustlers.
Presented with an identical deal, a consumer will routinely choose a Bankers offer, much to the Brokers chagrin (read ‘Why I need to be a hustler’).
Bankers don’t have to disclose how much margin they are making, Brokers do but usually don’t (until [...]
Mortgage and Real Estate tips for the week 2/4/08.
-If you need to, obtain new (re)financing soon. Rates (more specifically, the indices ‘mortgage rates’ are a part of) are akin to a flock of lead balloons, look for them to bottom out over the next 30-45 days then move sideways for awhile. They have [...]