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Friday, October 03, 2008 --- 62 days ago
To say we are living in turbulent times is probably an understatement right now, today. The world is changing, the economy is changing right before our eyes. There is so much information out there - on the local news, on the cable stations, on the Internet and in print. Where do you go? Who do you believe? What does it all mean? I try to find a variety of sources to supplement my understanding of the issues. Blogs can be a great source of information. Below is a blog post by Donna Mitchell , a Home Loan Consultant with Countrywide Home Loans in Tennessee. I am re-posting here with Donna's permission. Donna is talking about how we got into the mess we are in and why a bail out plan is even on the table. I agree with Donna - Countrywide  has received a bad wrap in the press. I have had a Countrywide loan and personally, loved dealing with them. The issue goes beyond just one company or even two. Or as Donna would say, there is bailout baloney going on... The post: Bailout Baloney, Credit Crunch Crud, Foreclosure Fodder, Market Madness and YES YOU CAN STILL GET A LOAN!  .... Here's my take on the issues (its long but everyone needs to read this ): First everyone needs to know and should be communicating to their buyers and sellers that FORECLOSURES are not the problem that is creating the financial "crisis".  (I hesitate to use the word "crisis" because it is not a crisis yet, but will quickly become one if things don't change).  I'll giv ...




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