Category Archive

Government

If You’re in the Short Sale Business Most of the Banks Are About to Take a Giant Dump on You and Your Clients

Posted on September 28, 2010 by Russell Shaw

It is no secret that Fannie Mae and Freddie Mac are tightening the reins on delinquent  borrowers.  What is looks like to me is Fannie is now going WAY out of their way to "find errors" and "mistakes" so they can can shove the foreclosure back on the originating bank and not have the loss belong to them.  FNMA has a long history of when making loads of money any profits belong to them (for their ultra-bright management) and the stockholders.  When they lose money – well yes, that’s on the taxpayers. Now industry giant, Wells Fargo had the following

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What Turns Your Dial?

Posted on October 1, 2008 by Russell Shaw

The emotion of fear is a gradient scale that starts at simple, garden variety “worry”, at the lowest level and goes up to a high level of terror.  At the highest levels of fear the body will literally shut down.   The emotion of fear is built-in to the body from a long time back as a survival mechanism (the fight-or-flight response).  If you have a mental fear the body will respond.  Any real or imagined threat to survival can produce this response.  However, possibly having less money (which is a survival point in the current society) is not likely to

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Listings. Listings. Listings. Still.

Posted on September 23, 2008 by Russell Shaw

From the Department of Homeland Stupidity comes the newly formed Department of Bailouts.  Is there now a sufficient level of converting the United States into a socialist economy for the New Regime President (aka, Treasury Secretary Paulson) to feel that his work is done? But the above isn’t my special area of expertise.  Showing fellow agents how to have a truly successful business is what I am known for.  And I find it funny (odd?) when I read something that directly contradicts what I know to be true on that particular subject.  It certainly isn’t the first time I’ve seen,

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The Homeowner Rescue Bill Rescues Fannie and Freddie Investors.

Posted on August 12, 2008 by Russell Shaw

  The Homeowner Rescue Bill Rescues Fannie and Freddie Investors.  I don’t see any other groups being rescued. Normally I don’t find it difficult to disagree with President George W. Bush about pretty much everything (save the curvature of the earth and that humans should breathe oxygen).  This time it is different.  Bush had to have been ashamed to have signed it.  Just look at how it is buried on this page.  Arizona Senator John Kyl was one of the 13 dissenting votes.  Kyl even called a close Realtor friend of mine here in Arizona to explain why he could

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