Opinion

Taylor, Bean & Whitaker, one of the top 10 wholesale lenders in America has exited the scene. What this means to Realtors is simply that you will have one less channel to get your customers the interest rate and terms they most qualify for and one more big plus for all the banks, especially the [Read More]

There’s a new game on Wall Street— high-speed trading—and it’s rewarding the usual suspects; those traders with the ‘biggest guns,” in other words, with the fastest computers. At the head of this list is Citigroup, the recipient of $45 billion in TARP funds from [Read More]

Henry Paulson worked for Goldman/Sachs for 32 years and was the primary culprit who bailed them and AIG, the two biggest bankrupt companies who have led us into this financial ruin America is presently in and so I thought I might see what a typical Goldman/Sachs high-powered attorney's day migh [Read More]

A bank accepts your money as a deposit, pays you a very low interest rate, and then loans that money out, at a much higher interest rate and this is a form of deposit creation that works almost like one bank, because a good percentage of the money loaned out usually makes its way back to another ba [Read More]

America is China’s number 1 trading partner for China’s exports. I know this from all the research and reading I have done on China but I could have foregone all that and just made a trip to Wal-Mart or Target or, fill in the blank, because China’s name is on everything we buy. Ch [Read More]

During the boom developers thought Hernando County (encompassing Brooksville, Spring Hill and Weeki Wachee) would bring millionaires from the Tampa area. They developed Southern Hills and Hickory Hill with amenities in a super high ened gated community. They added beautiful golf courses, fitness ce [Read More]

The answer is supposed to be easy because it should always be about basic economics but, not this time, because this time all the banks, all the bankers, all the Wall Street wise-guys, all the mortgage brokers, all the economists and all the “experts” were greedy. How else can you expla [Read More]

Competition, yeah man. Boxing, basketball, baseball, football, soccer, tennis, you name it baby, we love it, right? Wait a minute what about real estate? That’s right real estate we compete against one another, don’t we? How about mortgages don’t the mortgage companies and the mo [Read More]

Today I received word that the bank has refused an offer on a short sale I have listed. Was the price to low? No, the home is priced at fair market value and a full price offer was tendered. The bank cited the fact that the air conditioner had been stolen and the home spray painted as the reason fo [Read More]

According the Mortgage Bankers Associaction, FHA loans, which are government backed loans made up 36% of loan application which is the largest amount since 1990. FHA loans require only 3.5% down payment and it is affordable to most homebuyers and first time homebuyers, if they CLOSE by November 30 [Read More]