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Services for Real Estate Pros - Business Attorney and Success Advisor
RECENT BLOG POSTS
I know sometimes I get hung up on the past...but it has irked me like nothing else to hear professionals and so-called experts say that the mortgage crisis is "contained".  These folks knew or should have known how bad this crisis was (and if they didn't know, they weren't really doing their jobs...
08/24/2007
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Holy cow (sorry...the Idaho in me comes out once in a while).  I was amazed when I saw this report that new home sales in the US "unexpectedly" rose for the second time this year "suggesting the housing market was stabilizing".  http://www.bloomberg.com/apps/news?pid=20601087&sid=aLdFv9P6imE8&ref...
08/24/2007
Toll Brothers reports that profits in 3Q fell 85%, but the results reportedly exceeded analysits' estimates.  Still, that's a HUGE drop to teh tume of about $150M in lost NET income over last year!  The "no duh!" quote of the day comes from CEO Robert Toll who reportedly said that the company had...
08/22/2007
If you're not familiar with the Mortgage Lender Implode-O-Meter (http://ml-implode.com/), you should be.  It's an interesting blog providing centralized access to a growing list of failing lenders.  Obviously there's nothing great about failing lenders (but there are some who, arguable, are getti...
08/22/2007
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One of the funniest things about "experts" and journalists is their propensity for speculation couched as certainty.  For example, the numerous references to "containment" of the mortgage crisis and the certainty that there would be "no spillover".  Take, for example, the amazingly ignorant state...
08/21/2007
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It's been a rough few weeks for employees of certain mortgage lenders.  The latest report is that Capital One is cutting 1,900 jobs and will no longer make mortgage loans through brokers.  Earlier, SunTrust announced plans to cut 2,400 jobs by the end of next year (although they don't attribute c...
08/20/2007
I thought this well written article from the AP contained some very good perspective about current market conditions and the Dow's rather eratic performance.  While there has been some hope (something I see as an exceptionally fragile silver lining), this quote seemed rather appropriate: "What th...
08/17/2007
On 8/14 I wrote this little ditty (http://activerain.com/blogsview/174089/More-Genius-From-the) in which I said "I'll bet as soon as the Dow goes up again, some savvy reporter will be telling us that the markets have rebounded on easing fears with the mortgage and credit markets. "I'm dying with ...
08/16/2007
My earlier post had some bad news about First Magnus possibly closing its doors (they're not funding loans today...but that's not necessarily a total shutdown...yet).In light of this news and yesterday's Wall Street freefall, the Londoners are predicting the Dow will open down 125 points.  It cou...
08/16/2007
Here's the story on First Magnus (I just saw them at a trade show...seemed like it was "business as usual"):  "An e-mail Wednesday evening told branch managers of Great Southwest Mortgage, the retail arm of First Magnus, that the parent company was no longer funding loans."  The full story can be...
08/16/2007
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Jason Romrell

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Business advice and useful information. Not always "on point" with mortgage lending or real estate...but that's BIG business, and knowing how to operate effectively is critical to success.