Archive for the 'Lenders' Category

Don’t Worry – The FDIC Insures Your Money! Except Of Course When It Doesn’t Actually HAVE Enough Money…

This is frightening on many levels. People are slowly slipping back into complacency as gas prices settle, the US Dollar seems to be doing slightly better, and Bush has declared a “soft end” to the war in Iraq.
But don’t get too excited. With the recent mortgage loan crisis and massive shutdown of many [...]

A Bright Light Among The Gloom: A Foreclosure Story That Actually Worked Out

We’ve been hearing a lot of news about loan modification programs coming from the government. At first the idea of helping struggling homeowners sounds great, like a new chance for so many who fell behind for one reason or another. But then you read the details and you find that only a small [...]

Ever Wonder Who Caused The Housing Bubble To Be As Bad As It Was? It Was Mortgage Brokers Like This…

I’ve worked in real estate for several years during the boom as a side hobby. I was introduced to some of the kindest and most sincere people I’ve ever met in addition to the kind of filth that you’d imagine would occupy the bottom of an industrial septic tank. An old coworker sent [...]

Are Credit Unions Better Than Banks? Perhaps, But Even Credit Unions Are Being Hit By Delinquent Auto, Credit Card, and Home Equity Real Estate Loans

Growing up, I always heard, “Go with a credit union. Credit Unions are better than banks“. After getting pinched with one too many fees due to money being IN my account, but not posted yet, I began to agree with this. The little things that credit unions in Arizona like Arizona Federal [...]