Apr 21st 2010 4:15PM
In my last post, I began to lay the groundwork for the argument as to why the mortgage (and real estate) markets need radical transparency to restore consumer and investor confidence. I described my experiences working in the industries and my resulting opinions -- most specifically about a little-known fee called the... Continue Reading »
Apr 9th 2010 9:00AM
During Times of Universal Deceit, Telling The Truth is a Revolutionary Act - George Orwell. One of my favorite quotes. It brings me back to an epiphany I had in my former life as the owner of a mortgage brokerage, real estate brokerage and construction firm. The epiphany was about transparency -- or the lack thereof -- in... Continue Reading »
Dec 14th 2009 9:45AM
After months of delay, on Friday the House of Representatives passed its "Wall Street Reform and Consumer Protection Act," 223-202. That fairly tight vote should tell you something: this reform is a 1279-page tissue of compromise. Let's leave the first part to others to dissect, for now, and focus on what "consumer... Continue Reading »
