Quicken Loans Chairman comments on the bailout.

With all the political talk of the Bush Doctrine or how many Bush Doctrines there are. I thought I would write out the Lenderama Doctrine. Don’t worry, I’ll be brief. Move Forward You’re not seeing a whole lot of coverage from us concerning the financial markets. If you’ve been around here for a while, you didn’t see a whole lot of coverage on the Lender Implosion. Lenderama contributors are free to write just about anything they want, but I picked these folks be... more

It happens to the best of us… We live in the “information age” and true to the term,  every one of us is assaulted with a mind-blowing number of messages, advertisements, and potential distractions each day. Because of this, it’s a relatively simple matter to have your days, weeks, and even months bounce around like a pinball. It’s almost a tradition at this point for me to record my activities for a week when I see my sales start to slip. More often than not, w... more

For anyone following the financial news lately, these are nervous times. Last week the government stepped in and bailed out mortgage giants Fannie Mae and Freddie Mac. This weekend there was a new list of companies standing at the payout window looking for a helping hand from the Feds. And the government said no. Over the weekend Bank of America bought Wall Street titan Merrill Lynch, and Lehman brothers was forced into bankruptcy. This is sending tremors across the financial system. We all k... more

Greetings from Santiago, Chile this morning, though this post was actually written mostly over Cuba last night.  Speaking of Cuba, there is talk around the internet about the Fannie Mae/Freddie Mac takeover, excuse me, “conservatorship”, being another step toward socialism in America. Who could forget how the week got started with the news of another government bailout, this time making the government the lender of first choice for about 80% of all mortgages out there.  ... more