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Mortgage Mania 26 - ?And Henry Giveth Again
by Chris Iverson, Realtor
25 Nov 2008 at 9:30pm
You would have to be living under a rock to have missed this today, so here is a newsflash for all you subterranian dwellers. Henry Paulson’s latest bailout plan now consists of borrowing $800 Billion from The Fed to buy up mortgage assets, consumer credit card debt and car loans.
In his article, “Fed bets $800 billion [...]

Mortgage Mania 25 - Now What?
by Chris Iverson, Realtor
14 Nov 2008 at 5:53pm
Henry giveth, and Henry taketh away . . .
When Treasury Secretary, Henry Paulson asked Congress for $750 Billion (yes, that’s with a B) financial bailout package, the justification was to buy up distressed mortgage assets so that banks would start lending again, and hopefully the epidemic of foreclosures sweeping the nation would be stalled.
The new [...]

McCain?s debate night bombshell
by Bart Marchioni, Certified Foreclosure & Short Sale Specialist
8 Oct 2008 at 10:01pm
Did you see the debate last night?
During one of the questions about the economy and the financial crisis, McCain dropped a bombshell!
When Tom Brokaw asked about what needs to be done to help the housing market, McCain suggested that Government should buy back all these defaulted loans and then give these people new loans at the current market value of [...]

Let?s End The Housing Crisis Here And Now ? A Modest Proposal For How To Spen…
by Kevin
7 Oct 2008 at 6:12pm
Even us “glass half-full” types have to admit the news these days is bad.  Any day Congress passes a $700BN and has to tag on only another couple billion or so of Christmas ornaments to get it passed, well, on that day, you know things were urgent, and they had to act fast.  Wooden arrow [...]

And Another One Bites The Dust?
by Kevin
25 Sep 2008 at 8:54pm
Apparently at least a handful of government financial regulatory employees were doing something today other than figuring out how much money Wall Street needs to keep from further imploding…
The New York Times reports that JP Morgan Chase has taken over troubled lender Wamu.
What next?
No tag for this post.

What?s Happening In This Market? A Liberal Dose Of Mixed Metaphors To Help Us…
by Kevin
18 Sep 2008 at 8:44pm
Movies.  Shoes.  Phases.  What do they have in common?  All have been recently used as metaphors describing the economy or predictions of where the economy is going.
On the day that the Fannie and Freddie s$#@ hit the fan, Sherry Chris of Better Homes and Gardens Real Estate quoted Realogy CEO Alex Perriello, ?I feel like [...]

Attention All You Crazy Drivers In The Fair Oaks Neighborhood: Those Traffic…
by Kevin
10 Sep 2008 at 10:15pm
Having spent much of my life in former British colonies, I am well versed in various British-isms:  marmite (yuck), lifts (not elevators), sprinkling my words with extraneous u’s … and the correct use of roundabouts — or “traffic circles” as they’re commonly known on this side of the Atlantic.  Sadly, many of the folks here [...]

Mortgage Mania 19 - The Jumbo Strikes Back
by Chris Iverson, Realtor
9 Sep 2008 at 1:08pm
Amid all the celebration and hullabaloo associated with the recent drop in conforming interest rates as a result of the Treasury Department taking over management of GSE’s Fannie May and Freddie Mac, there has been scant analysis of the elephant in the room, namely Jumbo (aka non-conforming) loans that are part and parcel of home [...]

Mortgage Mania 18 - Can You Say Taxpayer Bailout?
by Chris Iverson, Realtor
9 Sep 2008 at 10:28am
What The Government Seizure of Fannie Mae and Freddie Mac Means To You
Unless you have been hiding under a rock the past couple of days, you couldn’t miss the announcement that the U.S. Department of the Treasury has placed government backed mortgage companies Fannie Mae and Freddie Mac into a conservatorship. Under the terms of [...]

Good News About Real Estate in the Mercury? Well Sort Of
by Chris Iverson, Realtor
2 Sep 2008 at 7:47pm
Long-time readers know that I do my newspaper reading online via the New York Times. In a throwback to a quieter time, I do subscribe to the San Jose Mercury News on Sundays as we like to peruse the articles and share witty banter about the headlines over morning coffee. In an interesting twist, I [...]

Timing the Market, A Banker?s Viewpoint
by Chris Iverson, Realtor
1 Sep 2008 at 12:22pm
Credit for this post really goes to 3 Oceans contributor Eric Trailer who sent me this content in a letter this week. My clients got it last week, and the blogoshpere can now benefit. We can assume that Eric has better things to do on Labor Day than blog. I’m guessing something involving his lovely [...]

A Housing Rebound? - Looking for the bounce
by Chris Iverson, Realtor
23 Jul 2008 at 11:00am
CNN Money is a favorite consumer source for news and sensationalism about issues affecting us financially. A friend uses it as his homepage, and sent me this article on indications that the housing market is pulling out of its downward spiral. Judging by the commentary on the Yahoo news service that picked it up, most [...]

Geeks Of The World Rejoice! Behold The First-Ever Twitter-MLS!
by Kevin
22 Jul 2008 at 11:59pm
I’ve been accused — rightly, I might add — of being a geek. I also happen to be in real estate. You put the two together, plus a keen interest in using new social media tools like Twitter, and what do you get? The Twitter-MLS!
For a long time, MLS searches have been [...]

?I?m Sorry, I?m Twittering? ? A Shameless Parody Of An Old Classic
by Kevin
21 Jul 2008 at 9:39pm
Sorry I'm Twittering

Tags: Humor

Wine Country Agent One-ups Us
by Kevin
20 Jul 2008 at 4:46pm
About a year ago we did what may have been the world’s first virtual open house.  Alas, we’ve been one-uped by Pam Buda, a Coldwell Banker agent in the wine country north of San Francisco.  In conjunction with Trulia, she’s live-web-casting her open house in Healdsburg today.
As video becomes more mainstream and more accessible via [...]

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