10 Reasons We Should Create the Texas Mortgage Guaranty Corporation – by Rick Baron

If you’re a mortgage lender of any type, or a Realtor, a builder, a homeowner, an elected state official, a school teacher, or if you have anything to do with the Texas housing and real estate industry in any way, listen up. This has something to do with you and you need to know about [...]

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A Better Way for Mortgage Lending – by Rick Baron

The Fed guys have made their intent clear – Frannie is going away and they intend to push the entire mortgage industry over to the private markets. Attempting to get them to change course this late in the game is an exercise in futility. They’re trying to bury the fact that they caused Frannie to [...]

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GSE Reform – A Fast, Practical Solution – By Rick Baron

We don’t need to re-create the wheel nor do we want throw the baby out with the bath water. We only need to change and repair the business model. It’s as if we spent 25 years building a state-of-the-art computer to connect lenders to investors and enhance market liquidity. But like most folks in the [...]

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Why Texas is in better shape than just about every other state – by Rick Baron

Yes, this economic climate is difficult. The news is mostly gloom and doom, Uncle Sam continues to pile on new mortgage rules and regulations, and underwriting requirements continue to tighten to the point of absurdity. I find myself thinking we’re all just having a bad dream. But for those of us who are still left [...]

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What Uncle Sam Could Have/ Should Have Done in the 2008 Financial Crisis – by Rick Baron

In 2002, shortly after the Enron, Worldcom and other corporate debacles, our political leaders passed the Sarbanes-Oxley Act to try to prevent another Enron-type scenario from happening again. A critical component of the Act was the “Mark-To-Market Rule” which required that any publicly held corporation that had marketable securities (assets) on its books must value [...]

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The Point of This Blog

Quite frankly, I’ve decided to start this blog because I can’t keep my mouth shut anymore. I’m fed up with every solution offered up for every problem being a big government, socialistic, anti-capitalist one. Capitalism and constitutionally guaranteed rights and freedoms are what have enabled us to become the richest, most advanced, and most powerful [...]

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