Scott Skinner's (scottskinner) Blog

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Mortgage and Lending - Liberty One Lending
RECENT BLOG POSTS
Prices of existing homes in the United States suffered a record drop in August while the sales pace slowed and the overstock of homes shrank, the National Association of Realtors said on Wednesday. The pace of existing home sales decreased 2.2 percent to a 4.91 million unit annual pace while the ...
09/24/2008
Financial markets gave mixed signals Wednesday, with stocks stabilizing following investor Warren Buffett's $5 billion bet on Goldman Sachs Group Inc. but the credit markets showing added strain as they await news about the government's plan to rescue banks from crippling debt Goldman Sachs also...
09/24/2008
  Fannie Mae announced recently that they have increased their elapsed time -frame guidelines for clients in foreclosure for when they will consider a borrower to have ‘ re-established ‘ their credit in order to get a loan; They have increased the time period for which they will consider borrower...
09/24/2008
I have seen cut rate commisssion plans from individual companies. and, ...I have always been adverse to my cuttiong commissions (except in unique situations.) However, I have been toying with the idea of a Buyer Rebate Program similar to some of the on-lime brokerages. It would be (roughly) somet...
09/19/2008
Wall Street's biggest crisis since the Great Depression forced the Federal Reserve and central banks in other countries to pump billions of dollars into the world's banking system in an urgent bid to stop further damage. The Fed plowed as much as $180 billion into money markets overseas. At home,...
09/18/2008
One of the five Rooney brothers who owns a 16 percent stake in the Pittsburgh Steelers expects them to decide soon on a deal to sell the team. Art Rooney Jr. expects Steelers, Druckenmiller to make decision soon on sale of the Pittsburgh Steelers franchise But it's not because a billionaire suito...
09/18/2008
  First, note the distinction between a money market fund and a money market deposit account at a bank. A money market fund is essentially a mutual fund and is not insured by the FDIC. In contrast, a bank money market deposit account is FDIC insured up to $100,000, and up to $250,000 for some ret...
09/18/2008
Wow, the FED may do the last imaginable. Bailout of all bad debt. Wall Street surged higher Thursday, with the Dow Jones industrials up more than 400 points after a report that the federal government is considering creation of a repository for banks' bad debt. CNBC said Treasury Secretary Henry P...
09/18/2008
U.S. stocks on Thursday battled back from another bout of sharp declines as investors considered whether the infusion of tens of billions of dollars into the financial system by central banks around the globe would ease the flow of credit. Trading in a more than 500-point range featuring triple-d...
09/18/2008
while the stock market has plummeted . 500+ points on monday. 350 points down yesterday. Gold has skyrocketed. (remind me again, why I dont own more of this gold stuff) The ongoing turmoil in the financial markets had gold extending gains in the wake of a $70-an-ounce spike on Wednesday, with gol...
09/18/2008
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