RECENT BLOG POSTS
  Prime Loans Well, we've all been waiting to see what happens next in the real estate foreclosure market.  Fannie and Freddie have had us on pins and needles.  GW has been working on solutions at the Fed level.  Cities continue to rise in foreclosures.  What next?  How about Prime mortgages goin...
08/12/2008
After reading about Richard Bitner's recent book entitled "Confessions of a Subprime Lender" I faced the possibility that this section of our generation will be known for our economic blunders.  Then the thought occurred to me that we could either be known for our amaziing ability to screw up, or...
07/15/2008
The article below was TAKEN FROM THE WALL STREET JOURNAL and touches on a subject that I've spent a lot of time considering.  I'm sorry that the story cuts off the way it does - on the website it asks you to join as a member for further information, which you are welcome to do if you choose. By J...
07/15/2008
I still snicker a little bit when I think back to the July 1, 2008 news that boasted the fact that we didn’t “officially hit bear market”.  The National Bureau of Economic Research has a pretty good description of what a recession consists of (read about it here for yourself).  It brings into con...
07/10/2008
It’s pretty easy to think of how good you might have it if you were a Hollywood star:  The glamor, the fame, the fortunes.  The possibilities seem endless when you ask yourself the question, “What would I do if I were world famous and a millionaire?”  Activities such as these come to mind initia...
07/01/2008
Every morning I wake up, walk the dogs, make my coffee, and move towards the highlight of my pre-lunch day: reading the Wall Street Journal. Yesterday, I picked up the paper expecting to see the usual (albeit the WSJ always keeps me on my toes so I am not sure why I was “expecting to see the usua...
06/26/2008
(From CNN - 6.19.08)   Hundreds of people across the country have been arrested by law enforcement officials targeting crooked mortgage brokers, real estate agents, and other industry officials, the head of the FBI and a top Justice Department official said Thursday. FBI Director Robert Mueller ...
06/19/2008
As we continue to watch the statistics rise in foreclosure, patiently waiting and wondering when the the crest of this tsunami will rise to it's highest potential, we are only able to determine one thing - the crest is not upon us. Recently the MBA (Mortgage Bankers Association) announced that th...
06/16/2008
Freddie Mac(FRE) and Fannie Mae(FNM) were recently the target of a Standard & Poor analysis report which painted a somewhat grim picture. The report, headed by analyst Victoria Wagner, indicates that FNM and FRE are both facing a possible hit from the mortgage meltdown. The report was recently re...
04/21/2008
For real estate professionals with clients (or perhaps you are the client) that are looking for some of the hot bargains in real estate on a national scale, there are some great sources that exist allowing you to seek out foreclosure listings directly from the banks.  The following is a short li...
12/31/2007
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Daniel "Dan" Waterman

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