PSR

Because there is a conflict of interest.   Escrow is supposed to be the neutral third party that owes an equal duty to all parties involved in a  transaction. Although an escrow company is not tasked with enforcing the law, it does have a responsibility to report obvious and egregious fraud. That...

The answer is quite simple. No amount of government involvement will really help, because the problem lies with income and that is it. In the past six years, consumer's incomes have been supplemented by rising home prices. People have used the rising equity in their homes, investment or not, to f...

What is our government trying to do? This isn't a rhetorical question or even some smart-ass commentary. I really want to know. This is like a chess match where the better player sees 1 or 2 more moves ahead of the weaker player. Just about anyone who has a most basic understanding of economics a...

I read that Fannie and Freddie may try to artificially lower home prices. I read this in another AR blog. I feel so strongly about this topic that I have decided to re-blog my response. Here it is:   This is another horrible idea that mirrors those same notions that got us into this mess. Many pe...

I recently read a brilliant article on the future of our industry by Marty Frame, General Manager of Cyberhomes. He really knows what he is talking about and he does in a most eloquent way.   Much of what he says resembles what I have been saying. I have been prophesying about the metamorphosis t...

...will resemble the current model very little.   Most of you are aware of the biggest change to our business model as you are AR members. The Internet is where it is at and where it will stay. Brick and mortar is still important but not nearly as neccessary as it used to be. Company name and bra...

The market is changing and so we are changing our pricing structure to be ahead of the curve. This article is not meant to be a plug for my company, CF escrow, inc. It is meant to forecast the future of escrow pricing. Pricing that we have already instituted.   Refi's are one flat fee of $500 Sal...

That is how much the government could give for the cost of these bailouts. My math is very rough and my numbers aren't perfect but here is how I arrived at that figure. I took the running total of all the bailout money that the government has pledged up until now. It is a staggering $7 + trillion...

I just bought a new house.   I had to furnish it so my wife and I splurged on furniture at the usual stores, Pottery Barn, Z Gallery, etc...   We spent a small fortune. After all that I thought to myself, "Self...., it's not 2003 anymore." With all that is happening right now, you'd think that I ...

So much has happened since my last blog, I don't even know where to begin.   So we have a new President and no matter how you lean, you can't help but recognize the new sense of optimism and hope, regardless of weather or not is it misplaced. I have often written on the power of perception over s...