RB Blog

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Mortgage and Lending

ARCHIVED BLOG POSTS

I just posted a report stating another bank failed today in Georgia called.. Integrity Bank of Georgia Fails Today The FDIC closed the Alpaharetta region bank with 1.1 Billion still on the books as assets.  The bank has over $900 million in deposits which will go over to Regions Bank. Read the wh...
08/29/2008
I just posted an article on my outside mortgage on the first time home buyer tax credit and how Congress got it wrong called... First-Time Home Buyer Tax Credit Offers Little Housing Stimulus I propose a different tax credit that would have really motivated buyers to step back into the market now...
08/29/2008
A New York real estate investor, Adam Hochfelder was arrested today on charges he allegedly used misinformation to acquired $17 million in loans to keep his sinking real estate empire afloat.  Bank of America was named as one of the banks ripped-off by Mr. Hochfelder. Read the post here...  Adam ...
08/28/2008
I just finished an article on the Hope Now Alliance who Bush hailed as the savior of the foreclosure crisis since they trotted out their unbelievable "foreclosures prevented" number today... The Hope Now Alliance is a glorified collection agency for the big lenders and servicers...opting for repa...
08/27/2008
I just finished an article on our mortgage blog about the Hope Now Alliance that Bush hailed as the savior of the foreclosure crisis since they trotted out their unbelievable "foreclosures prevented" number today... The Hope Now Alliance is a glorified collection agency for the big lenders and se...
08/27/2008
I just finished an article about National City Corp...a big regional bank and former big player in the wholesale mortgage market.  I personally never brokered loans to National City, but I know many who did.  They are now in some hot water with the OCC and their own shareholders who filed a lawsu...
08/27/2008
With foreclosures in full swing across the country, I decided to research and review mortgage servicing companies.  This is the first phone call to be made once it appears a foreclosure is likely.  Mortgage servicing companies are the companies consumers make their payment to...and they, even if ...
08/25/2008
I just finished a post on my mortgage website about a Korean Development Bank buying Lehman Brothers...the US's fourth largest securities firm.  This is a Korean government run bank that wants to privatize in a few years...it sounds fishy... I'm sure Korea thinks they are stealing an "american in...
08/22/2008
I just finished an article on our mortgage website a gaff McCain made about how many houses he owns...you gotta read.. McCain Houses - Obama Calls Opponent Out of Touch Not knowing the number of houses you own...or the appearance you are out of touch with economic issues will be the kiss of death...
08/21/2008
I recently created a Glossary of mortgage terms written in "common man's language".  In other words and easy to under set of mortgage term definitions which we will add to on a regular basis.  Surprisingly, I decided to create this mortgage glossary due to the fact everywhere I went on the web to...
08/20/2008
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