You've no doubt seen these signs at your local market, convenience store, and other businesses: "No credit card transactions under $10." Merchants post them to avoid paying the credit processing fees that eat into their profit margins on low-dollar-amount sales.
But, guess what? The merchant agreements they have with Visa, MasterCard, and Discover do not allow this practice.
Mention it next time you're denied at the register.
Wednesday, July 30, 2008
Tuesday, July 29, 2008
Home Seller Assist Program Up And Running
We just set up a "lens" at the following site:
http://www.squidoo.com/OurHomeSellerAssistProgram
Join Now: www.fastsellerloans.com
Apply For A Loan Now: www.webuyfastnow.com
Agents, sellers, investors, buyers, loan officers and builders welcome.
http://www.squidoo.com/OurHomeSellerAssistProgram
Join Now: www.fastsellerloans.com
Apply For A Loan Now: www.webuyfastnow.com
Agents, sellers, investors, buyers, loan officers and builders welcome.
Wednesday, July 23, 2008
Temporary Seller Finance Program
Zero Down Payment with 500 Credit Scores and up
30 Year Fixed Rate 6-8.5% depending on credit
Sell Your Home The Fastest Way
Sell Your Home For Full Appraised Price
One To Four Family Homes, Condo's, Town Homes
Works The Same With Investor Or Owner Occupied Buyers
You Can Sell Your Home In The Next Two Weeks!
· Yes, you can learn how to sell your home in 2 weeks right here.
· Sell your home at full appraised price by offering seller financing then...
· Sell your seller/owner financed note to us at the closing guaranteed.
· You get all of your cash at the closing of your real estate transaction.
You'll get MORE WRITTEN OFFERS, QUICKER, and at FULL APPRAISED PRICE.
Tuesday, July 22, 2008
Bad News Is Good News For Us!
This morning Wachovia Corp reported a dismal
quarter which heightened concerns about how corporate
results will fare amid the ongoing credit crisis.
The nation's fourth-largest bank suffered more write-downs linked
to its troubled mortgage business, and slashed its dividend for the
second time this year. Wachovia is leaving the wholesale mortgage
lending business, which means the Homes Seller Assist program will
become even more important, plus the program has just been opened
up to investors.
You can watch how this financing will help you sell your properties
quicker, plus obtain fast financing if you are an investor.
On owner occupied properties they can deal with credit scores down to
500. Tune in today at noon - Central and/or at the same time on Wed.
We have a Q&A session directly after, so bring your questions. Hope
to see you here:
FastSellerLoans.com
Larry Potter
quarter which heightened concerns about how corporate
results will fare amid the ongoing credit crisis.
The nation's fourth-largest bank suffered more write-downs linked
to its troubled mortgage business, and slashed its dividend for the
second time this year. Wachovia is leaving the wholesale mortgage
lending business, which means the Homes Seller Assist program will
become even more important, plus the program has just been opened
up to investors.
You can watch how this financing will help you sell your properties
quicker, plus obtain fast financing if you are an investor.
On owner occupied properties they can deal with credit scores down to
500. Tune in today at noon - Central and/or at the same time on Wed.
We have a Q&A session directly after, so bring your questions. Hope
to see you here:
FastSellerLoans.com
Larry Potter
Monday, July 21, 2008
When Is a Good Deal Too Good?
When negotiating a deal, how hard should you push for an advantage? Should you play the competition game and get as much as you can? Or should you "take care of" the other guy, even if he isn't taking care of himself?
What should you do if you discover a benefit or cost in the deal that the other guy isn't aware of? Do you bring it up? Or figure "If he's too stupid to notice, he doesn't deserve to find out."
If your resources and position in the marketplace give you a substantial negotiating position over the other guy - if he needs you more than you need him - should you take advantage of it?
We do business with a lot of very accomplished businesspeople - entrepreneurs and executives who understand how business really works. They have learned the importance of going after new business, and have developed the personal skills to apply themselves aggressively toward that end.
Some of these people, however, allow this virtue to become a vice. When they negotiate deals, they focus all their energy on themselves and their goals. If they think of the other guy at all, it is only to discover a weakness they can take advantage of.
These guys can be great family men and loyal friends - but when it comes to doing business, they believe in taking care of Number One. And for them, because of the way they see business, taking care of Number One means caring little or nothing about the other guy.
Self-righteous sharks tend to act selfishly in all facets of their business life - in sharing information, in deciding at whose office a meeting will be held, in determining who sits where at a business dinner, etc.
Some might view that selfishness as the natural personality of a winning competitor. we view it as a major character defect.
When you think of business as a war and arm yourself accordingly, you can win plenty of battles. But as the years roll by and the battlefields change along with technology, all military approaches - however clever or powerful - fail.
Yes, you can fight your way to the top of the mountain when you are young and strong. But nobody stays on top forever.
Remember that old saw: Be nice to the people you meet on the way up, because they will be the same ones you meet on the way down.
So long as you maintain an edge, you can take advantage of it. But the minute you lose ground, you will slide onto a slippery downhill slope - greased by the bitterness of the many people who secretly resent you for past transgressions.
Mother baked a nice apple pie. She cuts it into four pieces. Since Mom has not used a protractor along with her knife, chances are that one of those pieces is slightly larger than the others. "I want the largest piece," the righteous shark says.
The trouble with that is: (1) Mother can and probably will make more pies, and (2) when she does, the shark's brothers and sisters will remember that he had the biggest piece the last time. If the shark is bigger and stronger than his siblings, he may be able to wrestle the biggest piece of pie for himself again. But what if he's feeling a little under the weather when Mom bakes the next pie? What will happen then? Will he be given the biggest piece because that's the way it was done before? Or will he get a smaller piece? Or none at all?
When we get into a deal, we don't want the other guy to feel as if he's been taken advantage of. We don't want that to happen for three reasons - two practical and one philosophical.
First of all, we believe that someone who feels abashed by us will quietly assign an emotional marker to us that says "You'll get yours one day." Second, we believe that if we get known as a tough guy to do business with, the number of people who will bring us good deals will diminish and the pool will eventually dry up completely. And, finally, we think that, in the great scheme of things, everything eventually balances out with interest. If we give you something today, we'll get something back from someone - plus interest - some years hence. If we take something from you now, we'll pay the price for it - with interest - in the future.
If you see things the way we do, you really, really don't want to take advantage of anyone. You'd rather be the one taken advantage of.
My brother tells me that people tell him I'm sometimes "too good" to those I partner with. When he sees someone I've helped make money for or refuse to offer a concession after the many "gifts" I've given him, he feels as if I'm being too soft -maybe even foolish.
But when he considers how much less I fret about being screwed and how much more enjoyment I get from my business relationships, he realizes that there's a distinct and substantial advantage to being willing to give more than you get.
"That's worth a lot," he concedes. "I don't know if you'll convince your team of it. But maybe a few of them will get it. And that will be good."
As a gift for reading this far, I suggest you set up a blog somewhere (here even), then go to feedburner.com and make use of their no cost servcies and then head over to http://www.technorati.com and "claim" your blog.
What is the purpose of all of that. Well, you can write short articles and mention the Home Seller Assist program and insert a link to your retail sight and one for your wholesale site like I just did.
This helps the "spiders" used by the seach engines to find your site, which helps move it up in ranking.
One last point. If you get set up properly at technorati.com, each time you post something, it "pings" several sites letting them know you have added new content.
You can also go to http://pingoat.com and ping thru their free services.
What should you do if you discover a benefit or cost in the deal that the other guy isn't aware of? Do you bring it up? Or figure "If he's too stupid to notice, he doesn't deserve to find out."
If your resources and position in the marketplace give you a substantial negotiating position over the other guy - if he needs you more than you need him - should you take advantage of it?
We do business with a lot of very accomplished businesspeople - entrepreneurs and executives who understand how business really works. They have learned the importance of going after new business, and have developed the personal skills to apply themselves aggressively toward that end.
Some of these people, however, allow this virtue to become a vice. When they negotiate deals, they focus all their energy on themselves and their goals. If they think of the other guy at all, it is only to discover a weakness they can take advantage of.
These guys can be great family men and loyal friends - but when it comes to doing business, they believe in taking care of Number One. And for them, because of the way they see business, taking care of Number One means caring little or nothing about the other guy.
Self-righteous sharks tend to act selfishly in all facets of their business life - in sharing information, in deciding at whose office a meeting will be held, in determining who sits where at a business dinner, etc.
Some might view that selfishness as the natural personality of a winning competitor. we view it as a major character defect.
When you think of business as a war and arm yourself accordingly, you can win plenty of battles. But as the years roll by and the battlefields change along with technology, all military approaches - however clever or powerful - fail.
Yes, you can fight your way to the top of the mountain when you are young and strong. But nobody stays on top forever.
Remember that old saw: Be nice to the people you meet on the way up, because they will be the same ones you meet on the way down.
So long as you maintain an edge, you can take advantage of it. But the minute you lose ground, you will slide onto a slippery downhill slope - greased by the bitterness of the many people who secretly resent you for past transgressions.
Mother baked a nice apple pie. She cuts it into four pieces. Since Mom has not used a protractor along with her knife, chances are that one of those pieces is slightly larger than the others. "I want the largest piece," the righteous shark says.
The trouble with that is: (1) Mother can and probably will make more pies, and (2) when she does, the shark's brothers and sisters will remember that he had the biggest piece the last time. If the shark is bigger and stronger than his siblings, he may be able to wrestle the biggest piece of pie for himself again. But what if he's feeling a little under the weather when Mom bakes the next pie? What will happen then? Will he be given the biggest piece because that's the way it was done before? Or will he get a smaller piece? Or none at all?
When we get into a deal, we don't want the other guy to feel as if he's been taken advantage of. We don't want that to happen for three reasons - two practical and one philosophical.
First of all, we believe that someone who feels abashed by us will quietly assign an emotional marker to us that says "You'll get yours one day." Second, we believe that if we get known as a tough guy to do business with, the number of people who will bring us good deals will diminish and the pool will eventually dry up completely. And, finally, we think that, in the great scheme of things, everything eventually balances out with interest. If we give you something today, we'll get something back from someone - plus interest - some years hence. If we take something from you now, we'll pay the price for it - with interest - in the future.
If you see things the way we do, you really, really don't want to take advantage of anyone. You'd rather be the one taken advantage of.
My brother tells me that people tell him I'm sometimes "too good" to those I partner with. When he sees someone I've helped make money for or refuse to offer a concession after the many "gifts" I've given him, he feels as if I'm being too soft -maybe even foolish.
But when he considers how much less I fret about being screwed and how much more enjoyment I get from my business relationships, he realizes that there's a distinct and substantial advantage to being willing to give more than you get.
"That's worth a lot," he concedes. "I don't know if you'll convince your team of it. But maybe a few of them will get it. And that will be good."
As a gift for reading this far, I suggest you set up a blog somewhere (here even), then go to feedburner.com and make use of their no cost servcies and then head over to http://www.technorati.com and "claim" your blog.
What is the purpose of all of that. Well, you can write short articles and mention the Home Seller Assist program and insert a link to your retail sight and one for your wholesale site like I just did.
This helps the "spiders" used by the seach engines to find your site, which helps move it up in ranking.
One last point. If you get set up properly at technorati.com, each time you post something, it "pings" several sites letting them know you have added new content.
You can also go to http://pingoat.com and ping thru their free services.
Tuesday, July 15, 2008
Banking on a bottom ...
How low can banks go?
Investment banks, commercial banks, and GSEs are all being hit hard. Freddie is down 87 percent over the past year ... Fannie 80 percent ... Lehman Bros. 70 percent ... Wachovia 78 percent.
Have we finally reached a bottom? No. We’ll be hearing about more writedowns beginning this Thursday with Merrill’s quarterly earnings report.
The government just seized IndyMac. There’ll be more of those too. This will make it difficult – if not impossible – for banks to get out of first gear and make loans
to home buyers and that is where the Home Seller Assist program comes into play.
Sellers everywhere have all found that when using our "Temporary" Seller Financing Option, they have many more prospects wanting to purchase their home, and can sell their home much faster than normal.
Why is this?
Simply because the home was offered for sale with...
Temporary Seller Finance Program
Zero Down Payment with 500 Credit Scores and up
30 Year Fixed Rate 4-8% depending on credit
Sell Your Home The Fastest Way
Sell Your Home For Full Appraised Price
One To Four Family Homes, Condo's, Town Homes
Works The Same With Investor Or Owner Occupied Buyers
You Can Sell Your Home In The Next Two Weeks!
· Yes, you can learn how to sell your home in 2 weeks right here.
· Sell your home at full appraised price by offering seller financing then...
· Sell your seller/owner financed note to us at the closing guaranteed.
· You get all of your cash at the closing of your real estate transaction.
Find Out How, Simply Tap Here and watch our live sessions each Tues and Wed at noon - Central followed by a Q&A.
Investment banks, commercial banks, and GSEs are all being hit hard. Freddie is down 87 percent over the past year ... Fannie 80 percent ... Lehman Bros. 70 percent ... Wachovia 78 percent.
Have we finally reached a bottom? No. We’ll be hearing about more writedowns beginning this Thursday with Merrill’s quarterly earnings report.
The government just seized IndyMac. There’ll be more of those too. This will make it difficult – if not impossible – for banks to get out of first gear and make loans
to home buyers and that is where the Home Seller Assist program comes into play.
Sellers everywhere have all found that when using our "Temporary" Seller Financing Option, they have many more prospects wanting to purchase their home, and can sell their home much faster than normal.
Why is this?
Simply because the home was offered for sale with...
Temporary Seller Finance Program
Zero Down Payment with 500 Credit Scores and up
30 Year Fixed Rate 4-8% depending on credit
Sell Your Home The Fastest Way
Sell Your Home For Full Appraised Price
One To Four Family Homes, Condo's, Town Homes
Works The Same With Investor Or Owner Occupied Buyers
You Can Sell Your Home In The Next Two Weeks!
· Yes, you can learn how to sell your home in 2 weeks right here.
· Sell your home at full appraised price by offering seller financing then...
· Sell your seller/owner financed note to us at the closing guaranteed.
· You get all of your cash at the closing of your real estate transaction.
Find Out How, Simply Tap Here and watch our live sessions each Tues and Wed at noon - Central followed by a Q&A.
Monday, July 14, 2008
This crisis is about to get uglier.
If you're worried about the IndyMac Bank failure on Friday — America's third largest in history — brace yourself.
This crisis is about to get uglier.
General Motors is now nearer to bankruptcy than at any time since it nearly failed in 1920.
Its bonds are junk. Its sales are in shambles. Its management is in denial — quick to issue statements to stem investor fears, but slow to make decisions to avert financial disaster.
Even Wall Street, which typically sees the world through rose-colored glasses, estimates GM has a 75% chance of going broke within the next five years, based on the actual trading of specialized insurance contracts called credit default swaps. That's 3-to-1 odds the company will not survive!
Meanwhile, the company's shares are down the toilet, the lowest since July 1954. The last time they sold at this level, John Kennedy was a first-year rookie Senator from Massachusetts ... Elvis was a truck driver ... and the oldest of the Beatles was barely 14.
In its heyday, General Motors was a $66 billion company with nearly half of the U.S. auto market. Today, it's a $5 billion company with less than one-fifth of the U.S. market.
Hard to believe, but true: Right now, in terms of the total value of shares outstanding, our country's largest maker of real cars is actually smaller than Mattel, a maker of toy cars.
What Should You Do Right Now?
1. If you haven't done so already, shed most of your non-resource stocks. Too late? No. The Dow is still near 11,000. It could easily go to 7200.
2. Build cash. Find a good secondary source of income like Home Seller Assist
3. Protect the remainder of your stock portfolio from stock market declines — or go for significant capital gains — using our inverse ETFs.
This crisis is about to get uglier.
General Motors is now nearer to bankruptcy than at any time since it nearly failed in 1920.
Its bonds are junk. Its sales are in shambles. Its management is in denial — quick to issue statements to stem investor fears, but slow to make decisions to avert financial disaster.
Even Wall Street, which typically sees the world through rose-colored glasses, estimates GM has a 75% chance of going broke within the next five years, based on the actual trading of specialized insurance contracts called credit default swaps. That's 3-to-1 odds the company will not survive!
Meanwhile, the company's shares are down the toilet, the lowest since July 1954. The last time they sold at this level, John Kennedy was a first-year rookie Senator from Massachusetts ... Elvis was a truck driver ... and the oldest of the Beatles was barely 14.
In its heyday, General Motors was a $66 billion company with nearly half of the U.S. auto market. Today, it's a $5 billion company with less than one-fifth of the U.S. market.
Hard to believe, but true: Right now, in terms of the total value of shares outstanding, our country's largest maker of real cars is actually smaller than Mattel, a maker of toy cars.
What Should You Do Right Now?
1. If you haven't done so already, shed most of your non-resource stocks. Too late? No. The Dow is still near 11,000. It could easily go to 7200.
2. Build cash. Find a good secondary source of income like Home Seller Assist
3. Protect the remainder of your stock portfolio from stock market declines — or go for significant capital gains — using our inverse ETFs.
Sunday, July 13, 2008
The big dilemma:
If Fannie Mae and Freddie Mac fail, international investors — loaded with Fannie and Freddie securities — will dump them in an avalanche.
But if the U.S. Treasury tries to absorb the impact of this disaster, those same investors will dump their Treasury securities in an equally large avalanche.
In EITHER scenario, foreign investors must sell their U.S. dollars.And either way, the dollar will crash, as crisis currencies — like the Swiss franc — will go through the roof.
All this is why I feel very strongly it's now so important that you take action — both for urgently needed self-defense and to pursue immediate profit opportunities!
Visit http://www.fastsellerloans.com to find out how.
Technorati Profile
But if the U.S. Treasury tries to absorb the impact of this disaster, those same investors will dump their Treasury securities in an equally large avalanche.
In EITHER scenario, foreign investors must sell their U.S. dollars.And either way, the dollar will crash, as crisis currencies — like the Swiss franc — will go through the roof.
All this is why I feel very strongly it's now so important that you take action — both for urgently needed self-defense and to pursue immediate profit opportunities!
Visit http://www.fastsellerloans.com to find out how.
Technorati Profile
Saturday, July 12, 2008
Government shuts down mortgage lender IndyMac
LOS ANGELES (AP) -- IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.
The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said.
IndyMac customers with funds in the bank were limited to taking out money via automated teller machines over the weekend, debit card transactions or checks, regulators said.
The lender's failure came the same day that financial markets plunged when investors tried to gauge whether the government would have to save mortgage giants Fannie Mae and Freddie Mac.
Shares of Fannie and Freddie dropped to 17-year lows before the stocks recovered somewhat. Wall Street is growing more convinced that the government will have to bail out the country's biggest mortgage financiers, whose failure could deal a tremendous blow to the already staggering economy.
The FDIC estimated that its takeover of IndyMac would cost between $4 billion and $8 billion.
IndyMac's collapse is second only to that of Continental Illinois National Bank, which had nearly $40 billion in assets when it failed in 1984, according to the FDIC.
So, do you think it will get easier to obtain mortgages now? Not through tradional sources it won't. But it does open up lending by private investors with no bank qualifying and that is what Home Seller Assist is all about.
They can deal with credit scores as low as 500 and provide fixed interest rates of 4-8%. So if you are a seller, agent, investor, buyer or builder, visit us now and click on Buyer's Applicaion on the left and get your loan or a loan for your buyer now.
The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said.
IndyMac customers with funds in the bank were limited to taking out money via automated teller machines over the weekend, debit card transactions or checks, regulators said.
The lender's failure came the same day that financial markets plunged when investors tried to gauge whether the government would have to save mortgage giants Fannie Mae and Freddie Mac.
Shares of Fannie and Freddie dropped to 17-year lows before the stocks recovered somewhat. Wall Street is growing more convinced that the government will have to bail out the country's biggest mortgage financiers, whose failure could deal a tremendous blow to the already staggering economy.
The FDIC estimated that its takeover of IndyMac would cost between $4 billion and $8 billion.
IndyMac's collapse is second only to that of Continental Illinois National Bank, which had nearly $40 billion in assets when it failed in 1984, according to the FDIC.
So, do you think it will get easier to obtain mortgages now? Not through tradional sources it won't. But it does open up lending by private investors with no bank qualifying and that is what Home Seller Assist is all about.
They can deal with credit scores as low as 500 and provide fixed interest rates of 4-8%. So if you are a seller, agent, investor, buyer or builder, visit us now and click on Buyer's Applicaion on the left and get your loan or a loan for your buyer now.
What Really Moves Mortgage Rates?
Mortgage rates are set daily by individual lending institutions and are based solely on the trading activity of mortgage-backed securities (MBS), a type of bond that investors trade daily.
Without getting too technical, MBS are bonds that represent mortgages currently in place. For instance, let's say you have a 30-year fixed rate mortgage of $200,000 at an interest rate of 6%. That loan isn't worth anything right now, but over a 30-year period, it represents a profit of 6% or up to $12,000 every year for the bank that owns the loan, provided you make all of your payments.
However, instead of waiting 30 years to collect on that profit, your loan is "sold" to a bank where it is bundled together with other similar loans. It's like winning the lottery and choosing the cash value prize instead of accepting full payments that are spread over 20 years. Of course, you get less money than the total value of the prize if you choose the cash upfront, but you don't have to wait twenty years to collect it all.
This group of bundled loans then, just like a public company, is split into smaller units or bonds and sold just like stocks in a company to investors. These bonds, secured or backed by the profits from the loans, are called mortgage-backed securities. And just like stocks, investors like you and me can buy and sell them every day.
And it's the performance of these specific bonds that lending institutions use to set mortgage rates.
The real dynamic at the heart of interest rate movement, then, is the complex relationship between stocks and bonds, supply and demand, inflation, news that moves markets, the economy, employment levels, political events, gross domestic product, and any number of other factors.
And while there exist a number of somewhat reliable economic indicators, if anyone tells you that he or she has the secret formula for predicting these movements exactly, it's just not true. There is no magic formula, no index, no rate cuts or Fed activities that work 100% of the time.
The best you can hope for is an experienced mortgage professional who truly understands mortgage-backed securities and how they trade. He or she can utilize specific market knowledge and experience to take advantage of daily fluctuations and lock in a rate that could save you thousands of dollars throughout the life of your loan.
If you're waiting for the Federal Reserve – or worse, the media – to create refinance or new home buying opportunities for you, don't count on it. Get a mortgage to purchase a house without going thru a bank: http://www.WEBUYFASTNOW.COM
They have fixed interest rates of 4.5% - 8% and deal with credis scores down to
the 500 level.
Without getting too technical, MBS are bonds that represent mortgages currently in place. For instance, let's say you have a 30-year fixed rate mortgage of $200,000 at an interest rate of 6%. That loan isn't worth anything right now, but over a 30-year period, it represents a profit of 6% or up to $12,000 every year for the bank that owns the loan, provided you make all of your payments.
However, instead of waiting 30 years to collect on that profit, your loan is "sold" to a bank where it is bundled together with other similar loans. It's like winning the lottery and choosing the cash value prize instead of accepting full payments that are spread over 20 years. Of course, you get less money than the total value of the prize if you choose the cash upfront, but you don't have to wait twenty years to collect it all.
This group of bundled loans then, just like a public company, is split into smaller units or bonds and sold just like stocks in a company to investors. These bonds, secured or backed by the profits from the loans, are called mortgage-backed securities. And just like stocks, investors like you and me can buy and sell them every day.
And it's the performance of these specific bonds that lending institutions use to set mortgage rates.
The real dynamic at the heart of interest rate movement, then, is the complex relationship between stocks and bonds, supply and demand, inflation, news that moves markets, the economy, employment levels, political events, gross domestic product, and any number of other factors.
And while there exist a number of somewhat reliable economic indicators, if anyone tells you that he or she has the secret formula for predicting these movements exactly, it's just not true. There is no magic formula, no index, no rate cuts or Fed activities that work 100% of the time.
The best you can hope for is an experienced mortgage professional who truly understands mortgage-backed securities and how they trade. He or she can utilize specific market knowledge and experience to take advantage of daily fluctuations and lock in a rate that could save you thousands of dollars throughout the life of your loan.
If you're waiting for the Federal Reserve – or worse, the media – to create refinance or new home buying opportunities for you, don't count on it. Get a mortgage to purchase a house without going thru a bank: http://www.WEBUYFASTNOW.COM
They have fixed interest rates of 4.5% - 8% and deal with credis scores down to
the 500 level.
Friday, July 11, 2008
Fannie Mae and Freddie Mac In Big Trouble
The fate of the government-chartered companies was a focus of trading Friday as it had been earlier in the week. Shares of Fannie Mae and Freddie Mac fell sharply over several sessions on concerns about their stability. Wall Street is worried that a collapse of the two financiers would cause further shock to the financial system, and trigger more losses to banks and brokerages with significant holdings of mortgage-backed securities.
The well-being of Fannie Mae and Freddie Mac is crucial because they hold or guarantee about $5 trillion worth of mortgages, or about half the outstanding mortgages in the United States. Their troubles are just the latest depressing turn in a year-old credit crisis that shows no sign of ending, disappointing some stock traders who thought just months ago that the worst was perhaps over.
Stocks fluctuated late in the session amid varying reports that the Federal Reserve could aid Freddie Mac and Fannie Mae. And who will pay in the end? You and I !!!
Technorati Profile
The well-being of Fannie Mae and Freddie Mac is crucial because they hold or guarantee about $5 trillion worth of mortgages, or about half the outstanding mortgages in the United States. Their troubles are just the latest depressing turn in a year-old credit crisis that shows no sign of ending, disappointing some stock traders who thought just months ago that the worst was perhaps over.
Stocks fluctuated late in the session amid varying reports that the Federal Reserve could aid Freddie Mac and Fannie Mae. And who will pay in the end? You and I !!!
Technorati Profile
The Subprime Mess Has Created Opportunity
With the subprime meltdown and now with FHA imposing stricter
guidelines, getting a mortgage is now even harder than ever.
This presents a great opportunity for a business if you have
a product that can fill that void and that is what HSA, better
known as Home Seller Assist, does.
Created by a pool of investors with billions of dollars to lend
to home buyers with credit scores as low as 500, this product is
turning into a gold mine for those who refer buyers to them. They
actually pay you 1% of any loan funded up to $300,000
It is often preached to find a need and fill it, well, this no bank
qualifying program does just that. Email the site to some realtors,
investors, builders and buyers, and you'll be bringing some nice
checks with a good chance of repeat business!
Larry
http://www.fastsellerloans.com
http://www.webuyfastnow.com
guidelines, getting a mortgage is now even harder than ever.
This presents a great opportunity for a business if you have
a product that can fill that void and that is what HSA, better
known as Home Seller Assist, does.
Created by a pool of investors with billions of dollars to lend
to home buyers with credit scores as low as 500, this product is
turning into a gold mine for those who refer buyers to them. They
actually pay you 1% of any loan funded up to $300,000
It is often preached to find a need and fill it, well, this no bank
qualifying program does just that. Email the site to some realtors,
investors, builders and buyers, and you'll be bringing some nice
checks with a good chance of repeat business!
Larry
http://www.fastsellerloans.com
http://www.webuyfastnow.com
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