You can’t win everyday

Vincent Farrell, Jr. is Chief Investment Officer of Scotsman Capital Management LLC., a New York based investment management company ... factories and laying off 1,300 people. Texas Instruments and National Semiconductor issued warnings ... had an article that some credit unions need help due to unwise investments in mortgage backed securities [more...]

Date: 2008-12-10 11:02:29

Blog posts (7) | Videos (5)
 

Interview with Jillayne Schlicke - Part 1: LO’s Are You Ready for 2009?

I recently contacted Jillayne to see if she would be open to an “interview” geared to Loan Originators who plan to sticking around beyond the end ... series with the next post addressing the SAFE Act (national licensing). My questions to Jillayne ... such as mortgage broker LOs and CLA correspondent lenders, credit union and consumer loan  LOs [more...]

Date: 2008-11-05 20:31:30

Center For Responsible Lending Burning, Payday Loans Unscathed

The CRL is burning… With each passing day, payday loans become more popular with consumers in need of a temporary cash bump ... higher. Witness this recent story from the Credit Union Times‘ David Morrison. He reports in “Sandler Mortgage Lending Controversy ... [more...]

Date: 2009-01-16 22:12:37

Rising Default Risk In Pro-Forma Commercial Loans

The bond market is reeling from rising default risk in Pro-Forma Commercial Mortgages ... to Standard & Poor’s. In southern California, the owner of the Promenade Shops at Dos Lagos missed two ... Federal Credit Union in New York. “They were underwritten with outlandish expectations on rents [more...]

Date: 2008-11-21 03:34:00

And, in other news ...

I posted a few weeks ago that I decided to refinance my house. Last week, I received the unfortunate news that the refinance with my credit union wasn't going ... tax assessment.$33,000!! When combining the outstanding balance of my first mortgage and the home [more...]

Date: 2009-01-14 02:48:00

Operation HOPE Founder and U.S. President's Advisory Council on Financial Literacy Vice Chairman John Hope Bryant Issues Public Statement Commending HUD Action to Simplify HUD Mortgage "Good Faith Estimate"

Bryant Is Also Chairman of the President's Council Committee on the Under-Served LOS ANGELES, CA--( ... agencies, non-profit organizations, academics, foundations and private sector bankers and credit union executives, was a Committee-approved report which outlined several "make sense" recommendations [more...]

Date: 2008-11-29 02:09:20

Man Feels Opportunities Credit Union Screwed Him Over For $125 []

This will come as a serious blow to a number of our commenters, but we have a bad story about a credit union. Gasp, shock, horror, it's true. Opportunities Credit Union of Vermont, where reader Rick has his mortgage, told Rick ... Credit Union accessed the bill. Whoopsies. Here's Rick's letter to the Credit Union president, asking [more...]

Date: 2008-09-12 20:47:02

7 Results