AGBeat Columnist: Jeff Corbett
Jeff started TheXBroker.com in August of 2006 to express his industry knowledge and provocative opinion. He’s been an adversary of traditional real estate and mortgage business since running his own brokerages. Formally educated in the biological sciences at Syracuse University and Barton College, once Jeff discovered how little entry level research science paid, he started his post collegiate career working for Branch Banking and Trust in The Triad area of North Carolina. He learned about the worlds of finance and real estate and began to personally purchase property at the courthouse steps. Today, Jeff is VP Operations and Business Development of ActiveRain Corp and still The XBroker
Economic Diffusion Works
The more things change, the more they stay the same- Alphonse Karr I’ve been writing and/or speaking about the need for major mortgage reform and the industry’s pending demise for well over 3 years. There’s really little left for me to say or bitch about. Most of all that was wrong with the industry has been eradicated. Really? Really. ...
Reading Between The Lines
Crazy Times Remind Me of… There’s a common and disturbing thread behind these volatile economic times and its akin to inside investing. A little background… back in July, I stroked a post insinuating that Fannie Mae and Freddie Mac’s falling stock prices were the result of the Financial Accounting Standards Board (FASB) implementing an accounting standard that required mortgage loans ...
Wall Street Hyperbole and the Real Estate Markets
Black Monday Black Monday: The end of the financial world as we know it…. If you watch any of the financial TV shows one would think that we are on the verge of an epic economic implosion… Well, the world didn’t end, though you wouldn’t have known it by watching TV or reading the paper. Pessimistic, drama laced hyperbole sells ...
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The Fannie and Freddie Government Makeover
Conventional Wisdom Conventional wisdom would seem to indicate that Fannie Mae and Freddie Mac being put into conservatorship by the government is an ominous sign and ‘bad’ for shareholders, taxpayers and the overall economy. Lets see, Fannie and Freddie’s (remaining) shareholders now own stock that is worth as much as a copy of the New York Times Sunday edition (check) ...
Surveying The Shifting Mortgage Landscape
image courtesy of Lone Black Rider And during the few moments that we have left, we want to have just an off-the-cuff chat between you and me — us. We want to talk right down to earth in a language that everybody here can easily understand. -Malcolm X Although the term transparency is uttered ad nauseum and comes in more ...
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