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Rick Meyers's Blog (4)

RED ALERT, Warning Historical Wars of Oppression

The inspiration behind this video was due to a conversation i was having with a good friend. About Socialism and Capitalism. After the conversation i had to do some research and go into it a little bit deeper. I found this video which is on youtube, and it was an interview which resonated the concerns, which took place in the conversation. Looking at current history and events this interview was really a… Continue

Added by Rick Meyers on December 21, 2010 at 8:20pm — No Comments

Immigration, World Poverty and Gumballs - Updated 2010

If any of us, no matter what our race, creed or color might be, refuse to engage our U.S. Congress as we have not for 30 years as to the population/immigration equation-our children will find themselves living in a terribly degraded America where the American Dream will be described by the history books as a 'fleeting fantasy' from the era of 1930 to… Continue

Added by Rick Meyers on November 4, 2010 at 2:00pm — No Comments

OOOPPS! THE MAJOR BANK BULK FIRE SALE APPEARS TO BE MEETING IT'S END SAYS FDIC.

FDIC Changes Loss-Sharing on Failed Bank P&As

Started March 2010 to began on June 4th, 2010.

The FDIC is changing the terms of its whole bank purchase and assumption ("P&A") with loss-sharing transactions. The following is a summary of changes we are seeing as the FDIC seeks to reduce the cost to its Deposit Insurance Fund ("DIF") of loss-sharing. These are based in part on the FDIC’s experience with the pricing realized on…

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Added by Rick Meyers on June 5, 2010 at 9:20pm — No Comments

BULK REO PROCESS RED FLAGS

I 1. Current State of The Bulk REO Industry

If you're an intermediary, the Bulk REO sector is a minefield.

These are large dollar transactions. You will run into unscrupulous players on the buyers side, sellers side and intermediary side. In addition, the profits to be made from these securitized packages is tremendous. The economy is stagnating, banks are being forced to unload inventory, and the stock…

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Added by Rick Meyers on May 21, 2010 at 12:00am — 7 Comments