Monthly Archives: May 2012

Contempt For Banks

On his radio show today, Dennis Prager said: “You know how much fear I have for big government. My contempt for most banks in the world is deep as it is for big government.” “The profession of banking has soiled … Continue reading

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Could A Mortgage Settlement Help CA’s Budget Deficit?

We’re looking at gangster government under President Obama and the Democrats over the past three years. Big government has teamed up with big bureaucrats to shake down big business and to decide which bond holders get paid and how much … Continue reading

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Big Mortgage Losses Cause FDIC To Sue Banks

When many people stopped paying their mortgages beginning in 2006 and accelerating over the next few years, the world economy went south. Wall Street gets blamed for inadequately pricing risk. Now big banks are getting sued over mortgage losses. REUTERS … Continue reading

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Daphne Panagotacos – A Great Skin Doctor In Westlake Village

If you Google her name, you’ll find many good reviews, and for good reason I hear. I have a friend who swears by her work. According to DaphneMD.com: “Dr. Daphne I. Panagotacos, M.D., specializes in dermatology. A dermatologist is a … Continue reading

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California’s Housing Market Improves

The improvement in home sales and prices goes along with solid improvement in employment in the state over the past year. Much of the good news is centered in Silicon Valley and coastal parts of Los Angeles. The Facebook effect … Continue reading

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How To Create Wealth

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Banks Are Stronger, But Mortgage Demand Is Weak

I was not a big fan of the President Bush’s $700 billion plan to bail out Wall Street and the banks but virtually all of this money has been repaid to the U.S. Treasury so on balance, the move probably … Continue reading

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Mortgage Rates At Record Lows

Why are mortgage rates so low? Because demand is so weak for mortgages. With economic prospects uncertain, fewer Americans than is normal are in the market for a mortgage, so it is in lender’s interest to make their mortgages as … Continue reading

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New Limits On Mortgage Fees

Mortgage pros make their money from the ignorance of those who aren’t in the mortgage industry. It is in the pros interest to keep mortgages as complicated as possible and filled with as many mysterious fees as possible. I’m a … Continue reading

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How Good is your Good Credit Score?

If you’re getting ready to apply for a home loan for either a purchase or refinanced, the best way to get the best rate is to make sure your credit score is as high as they can be. The most … Continue reading

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