IT’S AMERICA’S TIME TO SHINE
If you’ve been noticing the headlines recently, you’ve seen that some European countries are going through extremely difficult economics problems. The headlines you’ve probably seen the most have been about Greece. Their government spending was way out of whack, and their economy is paying the price.
BELIEVE by Rick Soukoulis
If there’s one thing I’ve seen over and over again, it’s the cycle where housing soars, corrects, and then soars again.
At its low periods, like today, many, many people think real estate values will never come back. And certainly they’ll never go up again like they did in the past.
I don’t know about other parts of the country, but this is California where the American Dream thrives. I am eternally optimistic about California housing values, and most optimistic about values in the Bay Area.
A MORTGAGE IS NOT A COMMODITY by Rick Soukoulis
From time to time I hear people saying that the mortgage loan officer is a dinosaur. The reasoning is that a mortgage is commodity, that every mortgage has the same criteria, and that they are, therefore, mere commodities.
Happy New Year from the US Government by Rick Soukoulis
When I first got in the Business in 1981 I met someone wearing a little button on his lapel with these letters, EGBAR. He told me it stood for “Everything’s Going to Be All Right”. At the time interest rates were 18.5 % and 4 points... That’s how I feel about the government’s latest policy pronouncements about Fannie Mae and Freddie Mac.
What if the Speculators Go Away? by Rick Soukoulis
If you’re in real estate or mortgage lending, you’re always getting inundated with data and statistics. Among the many statistics I’ve seen lately, one kind of jumped out at me.
I read recently that something like 70% of all buyers of foreclosed home are speculators. Wow.