The Lending Crisis!

What's happening to the market? Whay hasn't my house sold? Why do priced keep going down?

These are a few of the questions that I will be addressing in the coming days. We are certainly going through a volatile time in the RE market. I will begin by showing you what we are up against, then how to prosper in the current market!

To date, subprime mortgages have been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren't enough, subprime mortgages are also blamed for massive volatility in the stock, bond, credit, futures, and real estate markets here in the US. And it's this volatility that is now spreading like a virus into other major financial sectors around the globe. Some say losses in the mortgage securities market alone could reach hundreds of billions of dollars this year.

This means that, for any American looking to buy, sell, or refinance their home, they are confronting a very different market from the one that existed just 6-12 months ago. The US Federal Reserve has already begun pumping billions of dollars into the US banking system in order to address what is clearly a credit crisis that will change how we borrow money for years to come!

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For more information on the current market, and everything you need to capitalize on current conditions, go to my website: http://www.MarcVonMusser.com\

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