Prudential Real Estate Knowledge Base
Fees and assistance for new Prudential real estate agent.? I am considering getting my real estate license and working for Prudential Realty. Is there anyonw who can tell me what their fees ( desk, copies, supplies, etc. ) are? If they are generally a good company to work for? Do they provide good support for new agents? I have a meeting with them on Monday, I just want to have some information before hand. Thanks.
Interview at Prudential Commercial Real Estate? This is for an internship position. Do you guys recommend Prudential? They told me after I complete the intership program they'll pay me to get my license and for all the classes - is this typical of real estate firms? Any other advice or input would be appreciated! Thanks
Coldwell banker real estate vs Prudential? I just passed my real estate sales person exam. I am looking for a good company to work for one that will provide hands on training and the tools for me to succeed in my real estate career. Which company should I go with.
Prudential California Real Estate? I am interviewing and interested in working for Prudential California Real Estate. Can you tell me if this is a good choice? I have been in the auto business for 2 years. Realistically am I going to be able to make some decent money after getting trained and getting my license? Is this the right time?I don't want to get out of the auto business which is decent but exhausting and get into Real Estate and make NO money.Please help.
I want a take a course in Real Estate? Prudential Real Estate is offering a FREE session on how to become a Real Estate agent. I have an Associate Degree in Marketing and Management..should I even bother with real estate with the way the housing industry is right now?
Something is missing on yahoo real estate, where's my portfolio? I used to have a "portfolio" of houses I liked on yahoo real estate. It was through Prudential real estate. When you went into yahoo real estate, there was a tab that said "my portfolio". All of a sudden the tab is missing and I don't see the typical search stuff that was there before. What's going on?
Is this how all real estate brokerages operate? Hey guys, I was recently hired by Prudential Real Estate but I was curious about the actual process. What Prudential has hired me to be is a Real Estate Agent. The position is commission based only. Is this how it is for all real estate agencies? Are there any position which offer stable salary with commission as a bonus? They also want me to front money for classes, business cards, and etc. which seemed some what awkward and if I wanted to call and talk to a manager, there were only two ladies which I am permitted to speak with. I am asking this question because this seems skeptical and may be a M.L.M. of some sort. Could anyone who is in real estate tell me about how most agent position operate and which company would be best to start with? I currently do not have my DRE but I do plan on taking the crash course Prudential offers or doing it through another brokerage. Prudential has selected me as one of the 20 candidates they were hiring due to a quick exam I took and they believe I scored as high as agents whom make $125,000+ annually. Any information is appreciated! Warm Regards, Jason Xiao I was actually taking classes to become an real estate agent anyways. I am already doing classes but I may do the crash course just to get it over with quickly. Not really suckered in to me, more like a door opened so I didn't have to really spend a lot of effort applying. I actually own a couple personal businesses also in retail sales and I have worked as a sales agent at target and Best Buy when I was younger. I have a "charm" according to all my previous employers. Hopefully my interest in cars and real estate would land me a higher paying job, thanks for all the replies.
Real Estate Law/Mortgage Attorney Bad Home Loans!!!? I was given a very bad loan with a reputable bank "Wells Fargo" that is. They NEVER gave me Disclosures Good Faith,TIL Borrowers Authorization etc! They sold my loan to EMC and they changed my Interest rate from a FIXED rate when i signed my loan docs to an ADJUSTABLE rate of a 10% on my FIRST and a 12% ADJUSTABLE on my second WITHOUT even telling me! I am pretty sure i have aREALLY good case! That is what EVERYONE is telling me! I was workingfor a company Prudential Real Estate when the wells fargo "Lender" that worked with me he had his own branch in my office told me i could get a home loan even though i was making COMMISSION only and probably only $1,000 a month. My Mortgage is $2,200 a month for a very small condo here in Modesto that was built in 1980 and is only worth $200k and they sold it to me for $235K. What i am upset about is what they told me and not disclosing ANYTHING to me i have ALL of my documents and no good faith etc was given to me and my Interest rate changed 3 points when they sol my loan to EMC. The Lender from Wells Fargo told me to write a letter saying i made $4,000 a month doing Notaries a month and that would get me the home loan! Well it Did and with a Hefty Price and a Mortgage I cannot afford and nobody will refinance me because i had to file bankruptcy because i could not afford the payments anymore at 27 years old on my own and only making $2k a month, and a Mortgage of $2,200 a month which is more than i make not including money i need to eat!!!!! Please call me ASAP and i will explain in detail. I am afraid i will lose my home and i am frustrated because i keep getting the wrong answers from my NEW lender and my interest rate changed without my consent! I can be reached at 209-380-1004. Thank You!!!! Sincerely, Krissy Sutton 209-380-1004
What is the best real estate company to work for in California? I am a licensed real estate agent. The small office I previously worked for has closed down and I need to put my license with a new office. I am thinking of going with a larger company this time that has a good reputation. I am looking for an office with no desk fees, a good commission split, ongoing education, and good resources. I am basically thinking of Century 21, Prudential, Keller Williams, and other big ones of that sort. What have been your experiences as an agent with these companies?
How do I cancel my real estate account without cancel my Yahoo account? I just read from "home buying for dummies" that the condition of using Yahoo real estate account is rediculous. From my understanding, you essentially just have to buy from Prudential. Obviously I did not read the term of service carefully when I signed up. But from what I read in that book, it's like Prudential buys Ad space from Yahoo, and people who use the site to look up in their Ad will have to buy from them. I am not sure their terms (wishlist) is legal. Anyway, please help cancel my account with Yahoo real estate. Dan Cai
I want to work in Real Estate Finance but how do I get started? I am a recent graduate from the University of Connecticut, completing a finance degree with a concentration in Real Estate & Urban Economics. I graduated with honors, I did an internship at Prudential Financial, and have references from previous managers, professors and personal friends. I can't find a job. I have been on a handful of interviews that are begun with the explanation that their is not an open position but they would like to meet me now in case something opens up. I am running out of time to wait. My apartment lease is up on Monday and I don't have any family in the area. My friends have offered to help me out for awhile but I would feel terrible having to live off their charity for very long. I started about a month ago to look for bill-paying jobs such as a bartender, or waiter, even a retail job but have been met with resistance. I am running out of option and am not sure what to do. Any advice would be greatly appreciated. Cheers, Greg
how do i decide where to go to become a real estate agent? I have two full time jobs and would like to get my real estate license what is the best way to go community college, vocational, online, via mail or email, or with a company ex prudential? what is the best way to go and i still NEED to work
What is the easiest way to get your real estate license? I live in New York and I already have a job line dup at Prudential, now I need to get my license? What is the easiest/fastest way, I would prefer to take the class online and not have to travel as I do not have time to take off during the day or nights because I work alot as it is. What do I need to do? Please someone send me a link or something so I can get the ball rolling on this one.
As a new real estate agent i need some help? Serioulsy!? I just got my license as a real estate agent in New york from Prudential rand, how can i contact people willing to send there house? Plese let me know the best idea, should i start telemarketing for the smae? is there anyone you know want to sell there house in NY. pLease help.
Commercial Real Estate Interview? I have a commercial real estate agent trainee interview tomorrow with a Prudential Senior agent. I'm looking for a few pointers to help me ace it, as well as maybe 1 or 2 good questions to ask.
Which Real Estate Company would be best to work for? From the perspective of the best training, the option of the best commission split(90 or 100%), and the most visibility to the customer, who would you recommend? We are starting our real estate practice in the Phoenix area and have plenty of backing to get off the ground in a reasonable amount of time with no "part time jobs" or other distractions. I was thinking between Keller Williams, Prudential, or Coldwell Banker......any ideas from those with experience?
How do real estate companies get mortages? I was wondering if I should go to a mortage lender company, and have them help me because the way I understand it they are connected to many different lenders. However, if I go through a real estate company, century 21, prudential, do they have financing with only one company, or 2..or do they have a larger network? I don't want to have to pull my credit a dozen times. I figured I should go to someone who can pull my credit once and run it but with a large group of lenders..does this make sense? Like when I went to get my car they pulled it and ran it through 30 different auto loan companies..does anyone have any idea as to what I should do? I will shop around, I just don't want to shop to every person in my town. Thanks!
Which Real Estate Broker would be best to work for? From the perspective of the best training, the option of the best commission split(90 or 100%), and the most visibility to the customer, who would you recommend? We are starting our real estate practice in the Phoenix area and have plenty of backing to get off the ground in a reasonable amount of time with no "part time jobs" or other distractions. I was thinking between Keller Williams, Prudential, or Coldwell Banker......any ideas from those with experience?
I'm working on becoming a real estate agent in CA. Any tips? I have taken some classes through Prudential and I am studying for my state exam. The study guide is over 2,000 questions long. Do you have any tips on how to study this? Once I pass what are the best ways to start and get things going? Thanks, much appreciated.
Ranking of Real Estate companies? what are the rankings of the best real estate companies, up to 5? Such as Prudential, Remax, Coldwell Banker, Century 21, etc? Any answers will help! all around ranking, largest profit? TOTAL SALES VOLUME??
Starting a career in real estate.? I am thinking about starting a career in real estate. I just left my job due to too much time being spent away from home (4 days at a time). I don't need medical benefits and I really don't have many bills (probably around $1200 or so). So I guess my question is, is this something I can realistically do full time right out of the gate. I would be working with Prudential Realty.
Real Estate License, becoming sales person? I want to become a real estate "sales person" but I have lot of questions... Should I get it through a community college, or is there a way I can go to a real estate company like century 21, Cold well Banker, Prudential, or first team, and have them train me for free, or pay but be able to automatically become an agent there, and is it HARD to get into a company?? I KNOW it is a crappy market, but it is really what I want to do, and I live in a very dense area so I don't think it would be as hard, but I don't know much about it... HELP!!!
difference between real estate classified and MLS? we are very interested in a house initially listed on yahoo/prudential MLS and other MLS websites about 15 days ago. then the house disappeared from several of MLS listing, including Yahoo, and became a real estate classifed on yahoo. I was wondering why, has it been sold? or what, thank you
How to start my own real estate company? I'm considering a career in real estate. I'm looking at maybe getting into flipping properties too. I'm a first year college student and next semester I'm taking the basic real estate principles class so I can get my basic license. I'm hoping to get an internship with a real estate office to learn more of the business from the inside. However, after college, I don't want to work for a company (Prudential, Remax, etc.) It seems as though these companies basically monopolize the real estate industry where I live (San Diego). With like 50 offices in the city, and 100+ agents/brokers at each office. It seems like every real estate agent has to work for these companies to be successful. I want to start my own business, be my own broker, and eventually hire agents, etc. Sell homes, buy bank owned homes and flip them. How do I get to this point? And how would I purchase homes if all of them are owned by Prudential or RE/Max? Thanks
Real Estate job in NYC ? Is anyone in NYC looking for a real estate agent. I am a young motivated real estate agent looking to work with a large firm. Willing to do commercial, residential, sales or rentals. I was thinking Massey Knakal, or Prudential Douglas Elliman. Can someone please help me and find me a job. Thank You
Real Estate Agent v.s. Broker? I recently lost my great job of 10yrs in Human Resources and I am not looking to get into a new career. I have always been fascinated with Real Estate and I love to help people (honestly). California is a great state to live in and there are beautiful homes. How exactly is a "Real Estate Broker" different than a "Real Estate Agent"? Why are they considered more prestigious than agents? How much more money do they make on average than an agent? How much more stressful is it? I noticed the education requirements are not that much more than required of an agent. If I become a Broker do I have to lease my own place and run my own staff of agents? Like basically running my own business and competing with all of the major realtors like Century 21, Prudential, First Team, etc...? My wife makes about $70k a year and I just want to get into something that I will love doing (like this) and at least be able to contribute my share. Do most agents and or brokers in the state of california make at least $30k a year working full time hours? Thanks so much!
Real estate question. Please only answer if you know anything about it, especially the territory of New York? Guys, i had a question regarding real estate in New York. I know you start out being a real estate sales person, and then a broker. I m considering a career in it. It requires over 75 hours in classroom sessions, and fee that nyrei.com requires is somewhere around $350-$400. I want to be the agent that sells top dollar houses in the future.And around the same time, i know it requires severe butt kissing. Agents can quickly see a turn around, if there is down market like of september, 2008 last year. I want someone to steer me in the right direction regarding the ups and downs, how this works, and what shall i expect in the future. My dream is to work for prudential Douglas Eilman. This question is open for experienced people only in this particular field.
How does one get a real estate license? My son is currently in college and does not have much time for a job with set hours but he says he wants to do this in his spare time to help pay his college loans off faster. What i dont understand is how hard this process is i mean is it like a school he has to go to on the side, how long would it take and do online schools really issue real estate licenses as that is what he wants to do atm go tru a online course as he claims its faster and does not take as long as franchises like century 21, prudential ect but idk does anyone know if online schools are any good for this and what kind of commitment this is BTW we live in California as i know it tends to vary.
im having trouble searching for real estate online? im trying to find a specific property i saw, but trying to find it online is a nightmare. The sign said it was listed with prudential, so i decided to look there with no luck. I also tried looking at realtor.com with no luck. heres what im looking for: one family ranch (i believe it was a ranch), somerset terrace bedminster, new jersey. the house recently suffered a fire, and is now for sale. anyone know any online good real-estate websites? or any advice on how to help me find it? thanks.
i am a real estate agent in nj and am looking to change office.? Does anyone know what the fees are to be an agent in either remax, c21, weichert, coldwell or prudential. and what the splits are. I am part time because i have family, but I dont have another job. I get referrals on my own, not many with this market but hoping to do better if i change office
Regarding real estate agent.? Does anyone have any idea.? Guys, i m interested in pursuing a career in Real estate. I know its tough, but around the same time i love the market.. Around the same time, i m totally dumped out of cash, and always need around $1200-1300/ month for my rent and pocket expenses. I work in a retail store, which covers all my expenses, but at the same time, i don't really like my job that much. I work from 5-9 pm 4 days/ week at my retail job. So i felt, around my free time which is in the mornings, why not pursue a career in a field that i most passionate about. Learn the ups and downs, take classes in it, and get certified, and work at a top company like Prudential Douglas or blackstone properties of Nyc. This is where i have no clue, i got a call from Blackstone properties this morning, and asked me to come in for an interview for an Agent position. I don't really know of what to expect, it says they will help the agents get certified and help them obtain their license. Any clue of what to expect from them in the future. Any help will help me deeply. Thank you very much.
Which broker in Phoenix is better to work fir:Prudential or Keller Williams? I have been in mortgage for about 8 years now, and am looking to go into real estate full time, both as an agent and investor. Since I am in the Phoenix area, I know there are many choices, but these two look the best so far. (KW-training and growth, Prudfential-Yahoo! Real Estate coverage and visibility) Any ideas or details regarding these? Especially fees, training, etc. Keep in mind I may be new to the business, but plan on dedicating myself to this absolutely and do NOT want to change companies! This would be for the long term! And we have an eye to doing commercial development in the future, so is there an edge there between these two?
What do you think about this real estate add. A friend asked me if I thought it was a good deal.? I have never bought any property but my gut tells me this seems too good to be true. No bank quailfications If you have a stable income, You are approved! $813.06 monthly - move in a week! Easy qualifying. INTEREST RATE FIXED AT 5.25% FOR 30 YEARS! NO PREPAYMENT PENALTY! $139,900 PURCHASE PRICE $813. Is your payment No Down Payment! All you need is $750 for closing costs. First payment not due until September 2008 Call now, You will be so glad you did. I promise Call Nema Lankarani ###-###-#### Prudential Arizona Properties
I can't check my hotmail-states page can't be displayed.? Anytime I try to go to hotmail or a site like prudential real estate and click on the link to the site it states that the page can't be displayed. All of the other internet pages are working. I reset all of my internet options and called yahoo att dsl. It worked a couple of days ago and now it won't.
Who is better to work for, Prudential or Keller Williams? I am currently enrolled in Allied school to get my real estate license, its a home study thing I dont go to any class room things and its taking me forever to get through 1 book. I see that Prudential can get you a real estate license within 2 1/2 weeks. I originally wanted to get my license through a school so i could choose who i wanted to work for instead and having to sign a contract for them sending me to their schooling. I had talked to an agent at Keller Williams and she was talking about how they had the best deal with starting there and commission. Has anyone worked for either one or both, and what do they prefer?
yahoo gone prudential? when checking into the yahoo real estate site i have noticed that now all listings are prudential and you have to register to see each property and or tour. i liked the old system better does anyone else like the old system better
What is the Percentages that Realtors make in Nassau County NY? What is usually the minmum, to the max rate that a realtor, such as Prudential, or Century 21 makes off of the selling of your home? Is 3-6% higher? Just curious before I start selling. Also, how much do they usually sell a house for in those locations of Nassau County NY? Please only answer if your a professional, or know about NY Real Estate. Serious replies only.
Who is the best brokerage to work for in the Seattle-Burien area? I just got my license about a month ago, but have been going back and forth about which broker to work with. I have interviewed with John L. Scott and Prudential. I have also looked at the Century 21 ads, but was not impressed, same with Re/Max. I have another job, so want to work part-time initially. Both JLS and Prudential said that was okay. I like the JLS training method and the technology website, etc, but the broker of the office closest where I live I was lukewarm on-- The Prudential office has been totally trying to "woo" me to their office, but I feel like they just want warm bodies to fill their desks, but the broker was awesome!! There are also some other local places that looked interesting and that were hiring: Premier Real Estate Group, Skyline, and Ewing & Clark. I am not sure if I will be transitioning into full-time in the near future. A consideration for me is that I may be purchasing my own home shortly and want to take more of my commission to put towards it.
Title Search - What is the Process? (especially in NC)? Ok, the first question I asked was a little ambiguous. I know I can get a title search done, that is NOT the question. The question is HOW, or even better, what are the STEPS involved in the process. I know we start at the courthouse real estate division and I even know where it is, but what I'd like to know is what are the locations of ALL LIENS (including IRS liens and mechanics liens) on a property. Is there a central repository? We took a class of our Prudential agents there when I was a new agent, but it went by so quickly, I think I missed parts. I frequently represent buyers in MLS and FSBO-listed properties, but I've also represented some on the courthouse steps and I want to be armed with the liens before we bid. Bill Martin, Realtor/Broker/MBA Accredited Buyer's Representative Prudential Carolinas Realty http://www.CharlotteForeclosureExpert.com 704 227-3296
Please Help!!!!? Any idea which company is more applealing. NW Prudential or Centurty 21... for a new real estate agent. How about floor time. Is it a raw deal when you have to do floor time? Thanks
There are 177 lobbyist working in the McCain campiagn; does that concern you about his policies? Phil Anderson: American Council of Life Insurers, Aetna, AIG, New York Life, MassMutual, VISA Rebecca Anderson: Aegon, American Council of Life Insurers, Cigna, Barclays, Credit Suisse First Boston, HSBC Stanton Anderson: The Debt Exchange David Beightol: Allstate, Amerigroup, Charles Schwab, HSBC Rhonda Bentz: VISA Wayne Berman: American Council of Life Insurers, AIG, Americhoice, Shinsei Bank, Blackstone, Carlyle Group, Broidy Capital Management, Credit Suisse Securities, Highstar Capital, VISA, Ameriquest Mortgage, Fannie Mae, Freddie Mac, Fitch Ratings Charlie Black: JP Morgan, Washington Mutual Bank, Freddie Mac, Mortgage Bankers Association of America, National Association of Mortgage Brokers Judy Black: Colorado Credit Union League, Genworth Financial, Bay Harbour Management, Merrill Lynch Kirk Blalock: Credit Union National Association, Financial Executives International, American Insurance Association, Mutual of Omaha, Zurich Financial Service Group, Fannie Mae, Federal Home Loan Bank of San Francisco Carlos Bonilla: Financial Services Roundtable, Freddie Mac Christine Burgeson: Citigroup Mark Buse: Freddie Mac, Goldman Sachs, Manufacturers Life Insurance Company Nicholas Calio: Citigroup, Managed Fund Association, Fannie Mae, Merrill Lynch, The Investment Company Institute, TIAA-CRE, Securities Industry and Financial Markets Association Ben Nighthorse Campbell: Amscot Financial Corporation, Community Financial Services Association, Fidelity National Financial Andrew Cantor: American Insurance Association, Merrill Lynch Alberto Cardenas: Fannie Mae James Courter: Goldman Sachs, Donaldson Lufkin & Jenrette, Investment Company Institute, Merrill Lynch David Crane: Financial Services Roundtable, PriceWaterhouseCoopers, Deloitte & Touche, KPMG, Ernst & Young, Bank of America, Association of Corporate Credit Unions, Freddie Mac Dan Crippen: Merrill Lynch, National Multi-Housing Council Arthur Culvahouse: Fannie Mae Bryan Cunningham: Arch Capital Group Alfonse D'Amato: AIG, Freddie Mac Doug Davenport: Federal Home Loan Bank of San Francisco, Goldman Sachs, VISA Ashley Davis: Prudential Financial, American Financial Group, American Premier Underwriters, Great American Insurance Company Mimi Dawson: MassMutual Melissa Edwards: Freddie Mac, National Association of Real Estate Investment Trusts, Access to Capital Coalition Chris Fidler: American Bankers Association, Milcom Venture Partners, National Association Real Estate Investment Trusts Samuel Geduldig: American Bankers Association, American Institute of CPAs, America Gains, Berkshire Hathaway, Consumer Bankers Association, Ernst & Young, Financial Services Roundtable, Investment Company Institute, PriceWaterhouseCoopers, Prudential Financial, Sovereign Investment Council, Fidelity Investments, FMR Corp. Benjamin Ginsberg: Massachusetts Mutual Life Insurance, AIG Technical Services David Girard-Dicarlo: American Financial Group, American Premier Underwriters Juleanna Glover Weiss: RJI Capital, American Institute of CPAs, BNP Paribas, Ernst & Young, PriceWaterhouseCoopers Slade Gorton: Allstate Insurance, Hannan Armstrong Capital Phil Gramm: UBS Americas John Green: Laredo National Bank, Alternative Investment Management Association, AIG, Blackstone Group, Carlyle Group, Citigroup, Credit Suisse Group, Fannie Mae, Icahn Associates, FMR Corp., AFLAC, VISA Janet Grissom: American Institute of CPAs, NYSE, Merrill Lynch Kristen Gullott: San Diego Credit Union Kent Hance: Stanford Financial Group, Municipal Capital Markets Group, Inc. http://www.motherjones.com/mojoblog/archives/2008/09/9753_mccain_campaign_lobbyists_wall_street_aig.html
which real estate company is the best? so im doing some research about which company to work for. i recently just got my real estate license and now im not quite sure which real estate company to work for. so i wanted to know what the top 5 real estate companies are in the Seattle area? and of these four which is the top company; john l scott, coldwell banker, century 21, prudential northwest.
Want to become a Financial Advisor? 100k+ opportunity? Location: bay area, CA The company is one of the fortune 100 companies in the world. They are seeking to hire financial advisors to service clients in the banking, investment, and insurance industry. The reason that they are looking for a financial advisors is because there is great need in the east bay area. They are looking to open a new office in Piedmont. As a financial advisor, You will be able to work in 3 sectors. Real estate, Insurance, and Investments. You will be working with about 2000 provider companies like ING, Fidelity, and Prudential. Your core business as a financial advisor is help people plan for their retirement, plan for their kids' education, investments, and insurance. Requirement: 1. Self-motivated 2. Willing to learn 3. Want to retire in 10 years or less. Are you interested in hearing more about this opportunity? Please shoot me an email with your resume. We'll talk!
Costs of buying a house? So, I'm contemplating buying a house/other real estate sometime in the relatively near future. I'm not looking for anything amazing at all, but it would be nice to own a place rather than continue to rent. Just out of curiosity, I've been looking at local properties available.. if someone can help me figure out what I'm reading, that'd be awesome. For instance, this house: http://www.gtimpke.prunw.com/prudential_nw/modules/internet/search/includes/mapsearch/listingpopup.asp?mlsid=266&mlsnumber=8086085&lwsaccountid=113532&detail=gallery looks like it's priced at $7900 TOTAL. With only $47 a month payments (if I were to take out a 30 year loan) and a $395 down payment. How is this possible? I mean, the house is really small and in a small town that's pretty far away from anything.. but still, that is really cheap!! Are there hidden expenses not mentioned? And on that note, what expenses should I expect to pay when I first look to buy a place? I'm really ignorant on this issue, and all the advice I could get would be appreciated. Thank you!!
Did the Democrats & Barney Frank cause the financial mess? Was Bush too green to forcefully stop the LIBERALs? http://www.kfor.com/global/story.asp?s=9080306 Excerpt: ------------- The Bush Administration, in April of 2001 warned congress of a potential financial crisis. In their 2002 budget requests they declared the size of Fannie Mae and Freddie Mac "A potential problem... and can cause strong repercussions in the financial markets." In 2003, the White House upgraded the warning on real estate mortgage loans. Their experts said that the way loans were being handled could spread beyond the housing sector. In fall of 2003 the Bush Administration was pushing congress hard to create a new federal agency that would monitor and supervise Fannie Mae and Freddie Mac; both are Government Sponsored Enterprises (GSE). John Snow, Treasury Secretary at the time called for regulations and supervision of GSEs. He said in September 2003 "We need a strong world-class regulatory agency to oversee the prudential operations of the GSEs and the safety and the soundness of their financial activities." Snow was pushed back from this position, by then ranking member, but the eventual Chairman of the Senate Banking Committee, Barney Frank (D) from Massachusetts. Frank denied there was any problem and was quoted as saying, "Fannie Mae and Freddie Mac are not in crisis." In fact, Barney Frank was encouraging the government to do more to get low income families into homes. "The more people, in my judgment, exaggerate the threat of safety and soundness, the more people conjure up the potential for serious financial losses.... [a problem] I do not see. We see entities that are fundamentally sound financially and would stand some of the disastrous scenarios. But, even if there were a problem the government wont bails them out. The more pressure we see there then there is less, I think, we see in terms of affordable housing," Barney Frank said in September of 2003. The creation of a regulatory agency to oversee GSEs was ultimately blocked.
Is this a sign that I should not work for this company? I interviewed with a very well known real estate company for a sales agent position. When it came time for me to ask questions, I received no answers. Everytime I asked a question from my list, the broker said "you don't have to worry about that. Just worry about training." I got no answers. I had to ask a few times for the commission split, because he said that I should not worry about that either. THis is a popular company and it is right next to my home. Even the start up costs are so low I am just concerned that I received no answers to my questions. Would you pass on this company. If it helps with your response, it Prudential Fox and Roach.
$700 Billion Bailout crisis? Bush's fault for not standing up to see-no-evil Barney Frank (link included)? Did Barney Frank help Obama collect more money from Fannie Mae & Freddie Mac in only 3 years in the Senate? http://www.kfor.com/global/story.asp?s=9080306 Excerpt: ------------- The Bush Administration, in April of 2001 warned congress of a potential financial crisis. In their 2002 budget requests they declared the size of Fannie Mae and Freddie Mac "A potential problem... and can cause strong repercussions in the financial markets." In 2003, the White House upgraded the warning on real estate mortgage loans. Their experts said that the way loans were being handled could spread beyond the housing sector. In fall of 2003 the Bush Administration was pushing congress hard to create a new federal agency that would monitor and supervise Fannie Mae and Freddie Mac; both are Government Sponsored Enterprises (GSE). John Snow, Treasury Secretary at the time called for regulations and supervision of GSEs. He said in September 2003 "We need a strong world-class regulatory agency to oversee the prudential operations of the GSEs and the safety and the soundness of their financial activities." Snow was pushed back from this position, by then ranking member, but the eventual Chairman of the Senate Banking Committee, Barney Frank (D) from Massachusetts. Frank denied there was any problem and was quoted as saying, "Fannie Mae and Freddie Mac are not in crisis." In fact, Barney Frank was encouraging the government to do more to get low income families into homes. "The more people, in my judgment, exaggerate the threat of safety and soundness, the more people conjure up the potential for serious financial losses.... [a problem] I do not see. We see entities that are fundamentally sound financially and would stand some of the disastrous scenarios. But, even if there were a problem the government wont bails them out. The more pressure we see there then there is less, I think, we see in terms of affordable housing," Barney Frank said in September of 2003. The creation of a regulatory agency to oversee GSEs was ultimately blocked. http://www.foxnews.com/story/0,2933,423701,00.html Excerpt: ------------ A group called the Center for Responsive Politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. senators getting big Fannie and Freddie political bucks were Democrats and No. 2 is Sen. Barack Obama. http://www.youtube.com/watch?v=H-_HlpZ8azA
Real Estate Law/Mortgage Attorney Bad Home Loans!!!? I was given a very bad loan with a reputable bank "Wells Fargo" that is. They NEVER gave me Disclosures Good Faith,TIL Borrowers Authorization etc! They sold my loan to EMC and they changed my Interest rate from a FIXED rate when i signed my loan docs to an ADJUSTABLE rate of a 10% on my FIRST and a 12% ADJUSTABLE on my second WITHOUT even telling me! I am pretty sure i have aREALLY good case! That is what EVERYONE is telling me! I was workingfor a company Prudential Real Estate when the wells fargo "Lender" that worked with me he had his own branch in my office told me i could get a home loan even though i was making COMMISSION only and probably only $1,000 a month. My Mortgage is $2,200 a month for a very small condo here in Modesto that was built in 1980 and is only worth $200k and they sold it to me for $235K. What i am upset about is what they told me and not disclosing ANYTHING to me i have ALL of my documents and no good faith etc was given to me and my Interest rate changed 3 points when they sol my loan to EMC. The Lender from Wells Fargo told me to write a letter saying i made $4,000 a month doing Notaries a month and that would get me the home loan! Well it Did and with a Hefty Price and a Mortgage I cannot afford and nobody will refinance me because i had to file bankruptcy because i could not afford the payments anymore at 27 years old on my own and only making $2k a month, and a Mortgage of $2,200 a month which is more than i make not including money i need to eat!!!!! Please call me ASAP and i will explain in detail. I am afraid i will lose my home and i am frustrated because i keep getting the wrong answers from my NEW lender and my interest rate changed without my consent! I can be reached at 209-380-1004. Thank You!!!! Sincerely, Krissy Sutton 209-380-1004
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