Posts Tagged ‘ jp morgan chase ’

Real Estate 360 Live With Louis Cammarosano 6/18/12

On Monday June 18, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:42)

Louis discusses the situation in Greece. Louis noted that the Greeks voted to keep the pub open well passed happy hour. Louis discusses the United States’ debt levels vs Greek debt levels. Ryan notes that the winning New Democracy party in the Greek elections said they are committed to a $300 billion bailout.

Louis notes that its like a person who is extremely drunk at a bar pronouncing that he is committed to doing 12 more shooters. Louis discussed how the Federal Reserve debases the currency.

Ryan notes that the Federal Reserve provided $4 trillion in loans to banks whose executives served as directors for the Federal reserve. Louis discusses fractional reserve banking.
Continue reading this post


Posted by: Louis Cammarosano on June 21st, 2012 under HomeGain Radio, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio


National Mortgage Rates Report- March 21, 2008

Financial markets are taking pause today in honor of Good Friday. It was another dramatic week with Ben Bernanke playing John Wayne.

Last weekend, Bernanke brokered a deal that handed Bear Stearns over to Jamie Dimon and JP Morgan Chase.

Last week, a share of Bear Stearns traded for thrice the price of the monthly HomeGain AgentEvaluator subscription, this week, it trades around the price of a Starbucks cup of coffee.

Fannie Mae and Freddie Mac agreed to buy a lot of mortgages, $200 billion worth to be precise. This buoyed up the mortgage bonds market and had a positive effect on most mortgage rates.

Let’s lock those rates, now.

I don’t see a whole lot more reward on the horizon and the risk of higher rates will increase next week.

ARM rates are out of whack, again, and the fixed-rate mortgages are the best priced. Continue reading this post


Posted by: Brian Brady on March 21st, 2008 under Financing, Mortgage and Home Loans


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