Last Monday, Sean Purcell and I hosted Top Dawg Greg Swann on Mortgage Mondays on Bloodhound Blog Radio. We discussed what real estate agents and lenders can do in a post-Bailout world.
The bailout bill passed today after the Senate signaled its support to the House. President Bush signed this bill into law and the world is safe, once again.
Interesting points in our conversation:
1- The Community Reinvestment Act (original sub-prime loans), conceived in 1977 and super-charged in 1995, was the actual starting point of the “toxic loan” revolution that took our economy down.
2-The Bailout may be an instrument to keep people into homes through the “loansharking collection” principle.
3-Greg talks about his strategy of working with investors (and why it works).
4- Predictions about the convergence of low-priced and mid-priced homes through financing caps.
5- Strategies for REALTORs to find ready, willing (and most importantly) and ABLE clients.
If you run an 8-minute mile, you can get a 10K in while you listen to this on your iPod. Mere mortals should just download the podcast and try to get 3 miles in on the treadmill whil listening to the three of us.
Listen to the podcast here.
