tag:blogger.com,1999:blog-32131062007-11-15T13:27:06.109-08:00the epiclecticBlogger239125tag:blogger.com,1999:blog-3213106.post-20342762830970958422007-09-10T12:02:00.001-07:002007-09-10T12:13:07.864-07:00

Is it just me, or is the juxtaposition of the random sponsor add on this newstory about Country wide cutting staff a serious comment about the state of the entire mortgage and housing industry. You KNOW the displaced, unscrupulous mortgage loan 'officers' and brokers that had been selling over-extended homeowners new loans they really couldn't afford, are going to be jumping this new bandwagon

the epiclectictag:blogger.com,1999:blog-3213106.post-87765310267291954262007-05-16T16:56:00.000-07:002007-05-16T17:09:16.308-07:00

Ever watch A&E's reality real estate show "Flip This House"? Under the guise of being both educational and entertaining, they inspire the viewer to begin asking "Gee, that looks easy. What if we quit our jobs and get into this house flipping business big time. Imagine all the money we could make!" Well, this afternoon, I came across a story about Sam Leccima, the "star" from a series of FTH

the epiclectictag:blogger.com,1999:blog-3213106.post-67566445952560272382007-05-03T16:45:00.000-07:002007-05-03T16:59:47.717-07:00

New Century to lay off 2,000 workers as unit goes unsold Associated Press Article Launched: 05/03/2007 11:54:49 AM PDT LOS ANGELES - Financially strapped subprime mortgage lender New Century Financial Corp., failed to receive any bids for its mortgage loan origination business, forcing it to shut down the unit and lay off around 2,000 employees, the company told employees Thursday. The

the epiclectictag:blogger.com,1999:blog-3213106.post-52678554827981071112007-03-13T19:46:00.000-07:002007-03-13T19:47:49.473-07:00

Asia dives on US subprime woe Losses on Wall Street sets sell dominos falling in Japan and other Far East markets. March 13 2007: 10:20 PM EDT SINGAPORE (Reuters) -- Asian share markets on Wednesday tracked heavy losses on Wall Street on fears about an intensifying crisis in U.S. mortgage lending, spooking investors nursing losses from a sharp sell-off two weeks ago. Japanese stocks fell more

the epiclectictag:blogger.com,1999:blog-3213106.post-57397775373259082612007-03-13T10:00:00.000-07:002007-03-13T22:59:40.993-07:00

"As of March 9, 2007, all of the Company's lenders under its short-term repurchase agreements and aggregation credit facilities had discontinued their financing with the Company or had notified the Company of their intent to do so." Just desserts.

the epiclectictag:blogger.com,1999:blog-3213106.post-51609456421599505272007-03-05T22:53:00.000-08:002007-03-13T22:54:37.470-07:00

"Tracking the housing finance breakdown: a saga of corruption, stupidity, and government complicity." Oh what a tangled web we weave, when we practice to deceive. Just because you've heard of the big names in the mortgage business, doesn't necessarily imply integrity and ethics. Here's one guy that is helping put together a list of "who's who in the zoo".

the epiclectictag:blogger.com,1999:blog-3213106.post-58876616233846025182007-01-10T15:20:00.000-08:002007-01-10T17:07:33.336-08:00

I received a call from a sales rep for MortgageLenders.cc a few minutes ago. A year ago, we had an "unpleasant" experience with the company, so I decided to do a quick Google search to see what new dirt I might discover. Interestingly enough, I came across this recently posted video on YouTube. What goes around may come around...

the epiclectictag:blogger.com,1999:blog-3213106.post-1151091226531697482006-06-23T12:29:00.000-07:002006-06-23T12:33:49.533-07:00

Ralph Hake Ran Maytag: June 2001-March 2006 Was chief financial officer and executive vice president at Fluor Corp., but he spent 12 years at Whirlpool Corp., one of Maytag's chief competitors and the company that ended up buying Maytag in March 2006. The company stock value, market share and profitability waned to the point that it began entertaining buyout offers in 2005. Contractual

the epiclectictag:blogger.com,1999:blog-3213106.post-1146701236828643142006-05-03T17:03:00.000-07:002006-05-03T19:06:59.030-07:00

From a story in today’s LA Times: Ameriquest closes 229 offices, lays off 3,800 The parent company of Ameriquest Mortgage Co. and Town and Country Credit retail mortgage subsidiaries said Tuesday it will launch a new business model that will result in the closing of 229 retail branch offices and the layoffs of about 3,800 workers, effective immediately. This week's announcement comes on the

the epiclectictag:blogger.com,1999:blog-3213106.post-1141634238459038162006-03-06T00:37:00.000-08:002006-03-06T00:38:41.980-08:00

I guess, nothing has changed... Aug. 8, 2003 - There wouldn't be spam if there wasn't money in spam. So to understand what primes the spam economy, MSNBC.com answered a single unsolicited commercial e-mail. Read the entire article

the epiclectictag:blogger.com,1999:blog-3213106.post-1141631909117024572006-03-05T23:58:00.000-08:002006-03-06T00:11:40.893-08:00

You know I have a strong opinion about ethics in the mortgage business. So when I find a site like this, I smile and get the feeling that there is hope. Chock full of lessons-learned, and NOT the ranting of some wacko like you might think on first glance. - The Fight Back forum has a few threads that are recommended reading for anyone that owns a home, or is considering refinancing. Ameriquest

the epiclectictag:blogger.com,1999:blog-3213106.post-1139560808549573292006-02-10T00:40:00.000-08:002006-02-13T14:01:53.600-08:00

As you can probably guess by now, I've some strong opinions about the current state of the mortgage business - or rather all of the unproductive static that permeates the mortgage business. I'm a mortgage professional trying to make an honest living, and I have to differentiate myself - a real challenge considering the current pothole-ridden landscape. At this point, the specific thing that is a

the epiclectictag:blogger.com,1999:blog-3213106.post-1139365958511405872006-02-07T18:25:00.000-08:002006-02-08T08:56:18.096-08:00

In a little over a year, I have developed an extreme contempt for ANYONE involved in the business of gathering or selling "information" related to connecting people who are interested in refinancing with the investors or brokers that can provide them the money they are looking for. These "lead companies" make their money in a Ponzi scheme fueled only by the existence of email, the internet, and

the epiclectictag:blogger.com,1999:blog-3213106.post-1138931549647284982006-02-02T17:52:00.000-08:002006-02-02T18:39:37.223-08:00

ONCE UPON A TIME, there lived a young teeny tiny man, with his teeny tiny wife, in a teeny tiny house, with his teeny tiny family. His teeny tiny relatives and their teeny tiny friends constantly surrounded him. They spent all their time talking about teeny tiny things and teeny tiny people. One day, the teeny tiny man, who we will call Tiny, woke up from his teeny tiny sleep with a not-so teeny

the epiclectictag:blogger.com,1999:blog-3213106.post-1138266565258773502006-01-26T01:09:00.000-08:002006-01-26T01:09:25.330-08:00

Welcome to Pen Island, the best place to get custom made pens on the internet! Don't be fooled by those imposters at www.penisland.org, or www.pen-island.net, we're the real deal! Many companies specialize in custom pens in bulk orders of 500+, but where do you go if you want just one or two customized pens for that special gift? You come to Pen Island, where we exist to make sure you get the

the epiclectictag:blogger.com,1999:blog-3213106.post-1137286457804352482006-01-14T16:54:00.000-08:002006-01-14T16:54:17.856-08:00

"Our goal is to make sure corporateness is woven into the fabric of our company - into all our processes, into day-to-day business practices, creating a mindset within every employee and manager that will allow them to consciously think about corporate massiveness in everything that they do. No other organization can outperform us at what we do best: being not just another massive corporation,

the epiclectictag:blogger.com,1999:blog-3213106.post-1134699462452090282005-12-15T18:17:00.000-08:002005-12-15T18:17:42.456-08:00

He knows when you are sleeping. He knows when you're awake. He knows if you've been bad or good. But it really doesn't matter if your name is on the list for staff reductions and the "gift" must be delivered before the end of the year and there is nothing you can do to stop the inevitable - so don't even think about trying to protest or challenge decisions that are outside of the control

the epiclectictag:blogger.com,1999:blog-3213106.post-1131180909968979242005-11-05T00:55:00.000-08:002005-11-05T00:55:10.010-08:00

Austin law firm Lawrence Arenella & Satija LLP secured a $12.5 million settlement against Fluor Corp. on behalf of Cosby Coleman, a 15-year employee who worked in the company's Sugar Land government contracting office. The settlement, entered in federal court in Santa Ana, Calif., goes to the federal government and the whistleblower. Coleman and his attorney will receive $2.75 million of the

the epiclectictag:blogger.com,1999:blog-3213106.post-1125588182585216502005-09-01T08:23:00.000-07:002005-09-01T08:23:02.646-07:00

ALISO VIEJO, Calif., Aug. 31 /PRNewswire-FirstCall/ -- Fluor Corporation (NYSE: FLR - News) announced today that it will donate $100,000 to Hurricane Katrina relief efforts supervised by the American Red Cross and United Way. This gift will be supplemented by contributions from Fluor employees worldwide. The company will match employee contributions at the rate of 50 cents to the dollar. They

the epiclectictag:blogger.com,1999:blog-3213106.post-1125441847012682522005-08-30T15:44:00.000-07:002005-08-30T15:44:07.073-07:00

...always an asshole.

the epiclectictag:blogger.com,1999:blog-3213106.post-1123779836769691712005-08-11T10:03:00.000-07:002005-08-11T10:03:56.803-07:00

"Great spirits have always encountered violent opposition from mediocre minds." Albert Einstein (1879-1955) German physicist, Nobel Prize winner

the epiclectictag:blogger.com,1999:blog-3213106.post-1121207073527541802005-07-12T15:23:00.000-07:002005-07-12T15:24:33.536-07:00

NORTH AMERICA'S MOST ADMIRED KNOWLEDGE ENTERPRISES ANNOUNCED Date Added 7/12/2005 The winners of the 2005 North American Most Admired Knowledge Enterprises (MAKE) study, conducted by Teleos in association with The KNOW Network, are (in alphabetical order): Buckman Laboratories, Dell, Fluor, General Electric, Google, Hewlett-Packard, IBM, McKinsey & Company, Microsoft, Raytheon, SAIC,

the epiclectictag:blogger.com,1999:blog-3213106.post-1115795561188768022005-05-11T00:12:00.000-07:002005-05-11T00:12:41.196-07:00

Thanks to one of my close colleagues for sending me a copy of this: Dear Employees, Earlier this morning, I met with employees at our Aliso Viejo corporate headquarters to discuss an important announcement being made today. After much consideration, we've decided to relocate our corporate headquarters from Southern California to the Dallas/Ft. Worth metropolitan area. This move reflects the

the epiclectictag:blogger.com,1999:blog-3213106.post-1111615379866532662005-03-23T14:02:00.000-08:002005-03-23T14:02:59.866-08:00

US News Article | Reuters.com: TEXAS CITY, Texas (Reuters) - An explosion rocked BP's huge refinery in Texas City, Texas, on Wednesday, the company said, and local television reported that four people were killed in the blast. Another 10 people were rushed to the University of Texas Medical Branch (UTMB) in Galveston, according to the televised report. The BP refinery, the third largest

the epiclectictag:blogger.com,1999:blog-3213106.post-1110661899361791542005-03-12T13:11:00.000-08:002005-03-12T13:14:37.963-08:00

"With the utmost of all good intentions and increasingly innovative tactics, we are to serve, firstly and foremostly, the utter well-being of those few most worthy of profit-sharing, without the use of illegal maneuvers, or otherwise governmentally frowned-upon, sleight-of-hand tricks, at least to the best of knowledge of those who may have the power to alter our manner of business conduct or

the epiclectic