Doc Loans News Today

so im not worried about it. over the long-term, it will be okay. >> i dont want to look. bye, bye, bye, i guess. i feel bad for anyone that is 65. >> i have good financial advisers. im sure theyll manage it. >> keep those things in mind. for someone like me, my time runs out 25 years from now. so more or less be patient. short term, you know, its not great. long-term its going to go up and down like it always does. >> it will be back eventually. weve been burning long and hot for a lon...

Planet Home’s Michael B. reminds me, “I miss every shot I don’t take.” The topics here in Orlando at the FAMP convention include not only prospecting, prospecting, and… prospecting, but also not missing a shot by offering clients more than a couple products. Freddie, Fannie, FHA, and VA are fine, but every client and referral source is precious, and what happens if someone walks through the door and needs a loan for a renovation (remodel), or a condotel, or a n...

If you were a w-2 employee. >> you know, you really have to take a look at your overall plan, if you will. because the process has changed quite a bit. one of the things that you need to know, this isnt the refi days of old with no doc and stated doc loans and things like that. you have to have your documentation in place. and you will have to show at least two years verification of employment. they want to see that you are consistent employment. that makes it very difficult in this job market w...

Inventory on the market. thats the reason the drag on prices has been so low. prices were down. its dragging down prices. but as the inventory gets soaked up and price starts to turn around people come out of the woodwork to buy. martha: im curious about something you said. a will the of the early foreclosures were people who overextended. they were in houses they shouldnt have been in in the first place. but you are saying the foreclosures we are seeing are bus people lost their jobs. the sad d...

Mortgages. immediately the mortgages they bought, mortgage-backed securities on the market, they allowed lenders to lend -- we call them ninja loans. no income, no job applications. those went bad almost overnight in 2005. >> let me stop you there. the legislation allowed them to buy and permitted these loans to go forward. absolutely. >> no job loans, no nothing. it was incredible. we have not begun to deal with the issue yet in financial regulation. its a complicated process. >> it is complica...

Get clarity. >> neil: youre right. these are some of the wrong to say write. my issue is while we get better police, what about the people who police the system itself? what about congress? it is making villains out of these guys. some might deserve it but i remember barney frank saying everything was honkey dorey with freddie mac and fannie mae. >> the more people that exaggerate a threat of safety and soundness, the more that conjure the possibility of serious financial losses, which i do not ...