Scott Skinner's (scottskinner) Blog

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Mortgage and Lending - Liberty One Lending
RECENT BLOG POSTS
Wall Street's worst fears came to pass Monday, when the government's financial bailout plan failed in Congress and stocks plunged precipitously — hurtling the Dow Jones industrials down nearly 780 points in their largest one-day point drop ever. The selling was so intense that just 162 stocks ros...
09/29/2008
As the floor of Congress was shown on National television and the vote for or against the $700 billiion rescue packages was read, Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points, after the government's financial bailout package failed t...
09/29/2008
I am hearing more and more stories from home owners who are going to use their home equity line of credit (HELOC) and are discovering that they have been either cut or completely frozen and cut by their bank. Believe me, it is happening here and often in Phoenix, Tempe, Scottsdale and even Founta...
09/24/2008
However, here are some myths and pitfalls of which to be aware… * Foreclosure Homes are not always under market value - * Often, you do not have access to preview the homes thus potentially buying homes in disrepair * Cash is often required to purchase with no promise of Re-Finance , thus tying u...
09/24/2008
Bart Marchioni ,a Realtor at Keller Williams Realty - Silicon Valley, and a member and author of 3 Oceans Real Estate , one of the best Blogs on the real estate industry in California, recently wrote an excellent 3-part series on "How to Avoid Foreclosure" which I recommend to all home sellers an...
09/24/2008
There's good reason for the outrage among both ordinary citizens and elected officials, says Lawrence White, economics professor at NYU's Stern School. First, the original proposal giving the Treasury Secretary total power and no oversight over the bailout "has to have been a political mistake," ...
09/24/2008
Fifty-five percent of Americans say no taxpayer money should be used to bail out private companies, even if their collapse would damage the economy, according to the latest Bloomberg/Los Angeles Times poll. the level of outrage and opposition to the bailout plan is even higher among Tech Ticker v...
09/24/2008
The global credit crisis poses a danger not only to the U.S. economy but also the world economy. Finance officials from the world's major economic powers pledged this week to do all they can to provide relief. The Federal Reserve, in coordinated action with foreign central banks, plowed $30 billi...
09/24/2008
well call it a little too little, a little too late, .... The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned. Two law enforcement officials said Tuesday the FBI is l...
09/24/2008
The administration also wants to see whether the markets are stable Wednesday, with the official noting that anything the White House says on the crisis "can truly impact the markets" for better or worse - so the White House wants to be careful in deciding whether the president should deliver suc...
09/24/2008
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