Daniel Wexler's (wexler) Blog

The Fed is going to send a very strong signal that they will do whatever it takes to restore stability to the economy," predicted Mark Zandi, chief economist at Moody's Economy.com. Fed does fulfill the desires of investors with its action Wednesday, it is not likely to end the turbulence on Wall...

The White House told banks to quit hoarding billions of dollars flowing into their vaults from Washington and start making more loans. Wall Street soared nearly 900 points on bargain-hunting and hopes of a hefty interest rate cut by the Federal Reserve. Hoping to thaw the credit freeze that has c...

In today's market you can even buy homes for less than builder cost. This may never happen again in our lifetime. However, understanding the buying process with a new home builder is critical. I recommend you follow these 10 steps. Find the City - virtually every town and city has new home constr...

NEW STOCK MARKET TERMS CEO --Chief Embezzlement Officer. CFO -- Corporate Fraud Officer. BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the h...

The Federal Regulators, including the Treasury Department have swooped in to offer unprecedented guarantees to mortgage lenders Fannie Mae and Freddie Mac to stave off possible financial collapse of the United States banking system. I applauded and had previously argued that the FED should move q...

teh FED needs to cut rates. And cut sharply. Cutting to Zero is not out of the questions As the economic wreckage piles dangerously higher, the Federal Reserve is prepared to ratchet down interest rates -- perhaps to their lowest point in more than four years -- with the hope of relieving some of...

Stocks are up more than 100 points today as investors were cheered after .. sales of new homes last showed an unexpected increase in September. While median home prices have dropped to the lowest level in four years, investors appeared pleased that the market was beginning to chip away at an inve...

Who really is to blame?? Borrowers - The vast majority of borrowers where honest in their loan applications. These are the neighbors that are hardest hit as unqualified buyers walk away from next-door homes as prices fall and interest rates adjust higher. Though, remember, Buyer Beware! We are qu...

In another sign of a deteriorating economy, mortgage applications continue to decline sharply. This is not a good sign of the real estate market, the economy and avoiding a depression Mortgage application fell to an 8 year low Mortgage applications rell to an 8-year low caused mainly by a sharp d...

The FED rescue plan did not work. The banking system all but collapsed and housing continues to decline. The FED bailout, although new and may take time to work, gave a short-tem boost of confidence, but no visible new credit to consumers. Now, Wall street after the exuberance of the bailout is t...