If you think it is almost over - think again - the other shoe is about to drop. It is said that “ignorance is bliss” but WHAT YOU DON’T KNOW about this credit crisis WILL HURT YOU in more ways than you can imagine. Your financial life is at stake.
Your home equity is deflated. Your investment and retirement accounts are but a pittance of what they once were. We, the American people, have been victims of a crime that has landed us in a major recession. Are we headed into a full scale depression? Do you know that our politicians, with knee-jerk reactions, are passing bills into law that are delivering death blows to the barely breathing housing market?
This book will reveal insider secrets. You will discover the fallacy of the credit scoring system and why the unjust closing of our credit is going to further destroy our recovery. You will see actual rate sheets that lenders forbid brokers from showing you, and you will be outraged by the recent pricing additions imposed by our government sponsored enterprises. Is this a secret tax to pay back the billions of dollars in bailout money?
We have witnessed century-old institutions come crashing down. But what was behind the crash? As we sit here Stunned in America, we are looking for answers. Who did it? How did it happen? Who is to blame? How do we fix it? The facts behind this crisis will anger you –and rightly so! Should we be planning another “tea party”?
This book exposes what the media is not telling you and what the banks don’t want you to know.
Also included is a workbook that will allow you the opportunity to measure your own ability to get – or not get – a mortgage loan.
Mary Tootikian has underwritten and processed thousands of loans during her thirty year tenure in the mortgage lending industry. She pioneered the first independent loan processing company in San Diego, California and then grew the company to a multi-state presence in the early 90’s. Her clientele list, both with the borrowing public and lenders, is extremely impressive. Mary entered the world of mortgage banking in 1980 when the lending industry was respected and underwriters were still valued in the decision making process. She refused to participate in the subprime lending of the past decade and predicted the current economic crisis based on her personal knowledge that loaning 100% financing to unqualified borrowers could only result in disaster. Mary continues to offer her professional consulting services to a small exclusive client base, but mostly enjoys the company of her grandchildren from her southern California home.