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With everything that is happening around us on a daily basis I talk to hundreds of people each week. It is no secret that almost everyone is worried and shaken by what is happening today in America. People are more worried today about their finances, their pensions and retirement than ever. Unfor...
09/28/2008
Four people have been indicted in connection with a mortgage-fraud scheme that federal prosecutors say landed more than $20 million in bogus loans used to control residential-care home facilities for the elderly in Contra Costa and San Mateo counties. Edith and Ronald Nelson; Nelda Asuncion; and ...
07/29/2008
WASHINGTON — Mortgage rates shot up this week with 30-year mortgages climbing to the highest level in nearly a year, reflecting concerns in financial markets about the troubles at corporate giants Fannie Mae and Freddie Mac. Freddie Mac reported Thursday that its nationwide survey showed rates on...
07/28/2008
Are you looking for investment property? You have got to check out this property in Pittsburg CA. This is a four plex with all units already rented out. Only asking $205k. It would be quite simple to get a monthly cash flow from this property so if you or your buyer clients would like to take a l...
07/28/2008
It has been a while since I blogged and took time to post something here on Active Rain. I have been very busy with quite a few Real Estate Investment endeavours and proud to say that I am have quite a bit of success in this arena of the market place. I would like to share this deal with any Inve...
06/19/2008
In another blow to brokers, it was announced last week that Countrywide closed 16 wholesale loan centers. This, of course, re-ignited the discussion of what Bank of America will do with Countrywide’s three business channels: retail, wholesale, and correspondent. Generally speaking, retail is view...
05/07/2008
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What recession? Not only is GDP still positive, but today's April payroll report, expected -75k, only showed a drop in Non-farm payroll of 20k, stronger than expected. The Unemployment Rate moved from 5.1% down to 5.0%, although Hourly Earnings were -.1%. During the last recessionary period, the ...
05/02/2008
They both need/needed at least $7 billion in additional capital to stay afloat. Wachovia, the fourth-largest U.S. bank, reported an unexpected loss because of subprime- infected mortgage holdings, cut its dividend, and said it will raise about $7 billion in a share sale to replenish capital. The ...
04/14/2008
The University of Michigan’s Index of Consumer Sentiment will be posted later today, giving us an indication of consumer confidence which hints at consumers' willingness to spend. As one would expect, if confidence is rising an average person might be more likely to make large purchases, but if t...
04/11/2008
What’s the difference between the federal government and the mafia? One of them is organized. Last Friday Countrywide changed their conforming Fast & Easy, limiting it to 90% LTV and 80% CLTV where subordinate financing is used, and entirely eliminated their Equity Programs and House America prog...
03/24/2008
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Jason Wheeler

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