Next week's Webinars:
Monday 9/17/07 @ 8pm (Central)
Introduction to the Money Merge Account
Video: www.GoToWebinar.com/register/130866991
Audio: (605) 772-3434 Access Code 426-430-817
Wednesday 9/19/07 @ 11am (Central)
Introduction to the Money Merge Account
Video: www.GoToWebinar.com/register/861111015
Audio: (605) 772-3434 Access Code 189-641-654
Wednesday 9/19/07 @ 7pm (Central)
Agent Training
Video: www.GoToWebinar.com/register/560660328
Audio: (605) 772-3434 Access Code 157-142-188
While we are on the subject of mortgages...
Investors Await the Numbers
It's going to be bad. The question on every trader's lips: just how bad?
Tuesday, the same day Wall Street is hoping the Federal Reserve will cut rates, brokerage house Lehman Brothers Holdings Inc. will kick off the third-quarter earnings season for the major investment banks. Lehman will be followed by Morgan Stanley, Bear Stearns Cos. and Goldman Sachs Group Inc. later in the week.
For years, the big firms have been minting money thanks to a strong stock market and aggressive expansion into areas such as hedge funds, leveraged buyouts and trading.
(rest of the story at:http://online.wsj.com/article/SB118982219244628387.html?mod=googlenews_wsj
From The Oakland Tribune:
TINA BRYSON was nine months pregnant when she leased an apartment in April on Congress Avenue in East Oakland. Little did she know the apartment she rented was in foreclosure.
Two months after her baby was born, Bryson received an eviction notice from the lender taking over the building, telling her she had 30 days to move out. By then, her landlord — with Bryson's...
http://origin.insidebayarea.com/oaklandtribune/localnews/ci_6903797
UH OH- Merrill Lynch is "adjusting" Those dadgummed derivatives!
The New York-based firm said in a regulatory filing today that it made ``fair value adjustments'' for potential losses to date on unspecified holdings and financing commitments. Merrill fell 49 cents ..
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Merrill, which reports next month, is at risk because it participates as an investor, lender, counterparty and guarantor in markets tied to subprime mortgages. They include structured credit products, such as CDOs, and leveraged loans, according to the filing....http://www.scoopit.co.nz/story.php?title=Merrill-adjusts-subprime-derivative-losses
Now more than ever before, your clients need you to help them achieve financial freedom and peace of mind. They need your undivided attention, your expertise, and your guidance to help them through these tough times (getting tougher..)
Take care!Tammy
2 comments:
I both own and just recently started selling the Money Merge Account (MMA). Like many of the Acid (Uh, Active) Rain folks I too started out thinking "This is too good to be true." What is clearly too good to be true (for a lender) is that the average homeowner will pay for their house x 2.5 times. So I understand the knee-jerk reaction of people pontificating without knowledge. I attended a webinar with the full intent of exposing "The Scam" as I termed it. I came away very impressed and humbled: the presenters were knowledgeable and handled my accusatory remarks with deft aplomb. Yes, I was mildly embarrassed but not from anything they said. I realized that my accusations--as you alluded to in your post--said far more about me than it did about the MMA because I had NO knowledge of it yet I was willing to spout silly allegations during my 5 minutes of questioning. So I'm willing to cut these nay-sayers some slack...but only if they get educated and then come back with serious questions.
steve@yourhousepaidoff.com
It's good to speculate...make sure you know it is the right venture.
This sounds interesting, where do we find further info on this?
Cheers,
David
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