A little off base but then agian maybe not…
I have been on the media a bit here of late due to misinformation. This mortgage meltdown, Oil, Congress, Stimulus Package and the Presidential Election is like watching an episode of the Twilight Zone. I am in complete amazement on why some of our Senators [...]
July 24, 2008
The Economy needs real leaders, is anyone going to step up?
July 24, 2008
Emerald Coast Investment News
Mortgage Options for Nevada, North Carolina and Hawaii residents is coming…
Emerald Coast Investments, the mortgage company that has been helping California and Florida residents with restructured home mortgages is currently setting up operations in Nevada, North Carolina and Hawaii. They are planning to open up operations in Arizona in early 2009.
Emerald Coast Investments website - www.emeraldcoastinv.com
July 24, 2008
FDIC Chairman Sheila Bair Is Out Of Control
In a sad twist of irony Sheila Bair is accusing blogs of being “out of control”.
Sadder still is the fact that San Francisco Business Times writer Mark Calvey agrees. Please consider the incredibly inane article FDIC learns it ignores bloggers at its peril.
The federal agency insuring bank deposits learned that it can’t afford to ignore [...]
July 24, 2008
Suntrust Wholesale Bulletin
Information for Wholesale Customers of SunTrust Mortgage, Inc.
July 24, 2008
BRO 08-192
IMPORTANT INFORMATION REGARDING THE FLEX EQUITY LINE PROGRAM
Effective July 25, 2008
Although the Equity Wholesale lending products have served the business line well in the past, the
Wholesale Line of Business at SunTrust has determined that going forward, equity lending through
this channel does not meet strategic objectives. [...]
July 24, 2008
Mortgage woes hit Downey Savings & Loan
When banks were failing in the 1980s, federal regulators turned to Downey Savings & Loan, a quietly successful, conservative Orange County institution, for help.
Butterfield Savings & Loan of Costa Mesa was one of hundreds of thrifts that fell apart after growing too fast and playing too loose in a newly deregulated market. When [...]
July 24, 2008
Dodd Plans To Release More Mortgage Info
Sen. Chris Dodd said he intends to release more information on his home loans from Countrywide — the giant mortgage company now owned by Bank of America — as soon as he gets his foreclosure rescue bill passed in the Senate this week and signed by President Bush.
Dodd admitted last month that he participated in [...]
July 24, 2008
Countrywide Bondholders Are Not Happy
While Bank of America Corp. (BAC) has closed its purchase of Countrywide Financial Corp., the case may just be opening for some of the acquired mortgage giant’s bondholders.
Adam Cohen, founder of Covenant Review, an independent researcher into corporate bond covenants, argues that two issues of Countrywide convertible bonds, with a par value of [...]
July 24, 2008
WaMu shares fall as credit concerns grow
Washington Mutual Inc shares fell as much as 23.4 percent and the cost to insure its debt against default rose after an analyst said some creditors reduced their exposure to the largest U.S. savings and loan.
Citing the Seattle-based thrift’s financial statements for the period ending June 30, Gimme Credit analyst Kathleen Shanley wrote [...]
July 24, 2008
Florida Home Owners still have mortgage options
Florida has got to be near the top of the list for hard hit property values. I have found a broker that can do loans in the state of Florida and at reasonable rates. I spoke with the broker of Emerald Coast Investments Mr. Michael O’Brien and he went over some of the loan [...]
July 24, 2008
WaMu stocks drops again; Liquidity Concern
Washington Mutual Inc. tumbled more than 20 percent for a second day as Gimme Credit LLC said unsecured creditors were “pulling funds” from the biggest U.S. savings and loan.
Gimme Credit analyst Kathleen Shanley cited the decline in federal funds purchased and commercial paper to $75 million from $2 billion at year-end, which Washington Mutual [...]
D Fragoso