I cannot say that I am ready to start a mortgage company, but I certainly have a very good idea of where it has been and where we might expect it to go. He does not look at the persons past credit only but rather that along with his future belief in their ability to make a payment, the one lender that wants and believes that people are basically good and that delinquencies are basically extenuating circumstances. How can current homeowners under water get the help they need? Well, I received just that with this book, and in a very easy-to-understand format. I reluctantly started it, and frankly found it fascinating. It is well written and gives a very enlightned look at the business with a number of simple suggestions, that if implemented may have in many ways, at least made the meltdown for individual borrowers not so horrific.
Things as simple as asking the borrowers to provide a personal budget to see if they were really capable of meeting all of their debt demands with their new mortgage demands. A friend gave me Meltdown by Kenneth Clark and I just finished reading it. Sometimes it seems that their only goal is to sell periodicals, get ratings, and get re-elected. It was a complex melding of events and opportunities, an economic perfect storm that came within a hair's breadth of toppling the American financial system and the economies of numerous other countries. In this book, Kenneth Clark, a longtime mortgage banker and financial industry insider, talks about the real root causes of the mortgage and housing meltdown and how the government's failures and Wall Street's greed enabled the collapse. Minds I Cinema is aiming to produce two fully financed films per year. The informative approach that only someone in his position can give way to really helped educate me to the natural cause of the downturn and what really was the catalyst for it.
Kind of like the Titanic's sinking wasn't just the captain's fault. It involves a contempt for convenience and a sacrifice of all those pleasures that contribute to what we call a civilised life. In learning the reproach from big banking and the government that has the trickle down affect to those on Main Street was more astonishing and a completely different view than what has been portrayed over and over again on the news. . I highly recommend this book to all readers - whether you are a homeowner, or someone wants to buy a home, this book is for you. This book is very easy to read and understand. I read with some amazement Ken Clark's book Meltdown.
He takes great price in accomplishing this goal and looks forward to the time when the American Dream of home ownership is a reality again for every person in this country. Many people think that greedy lenders intent on victimizing unsuspecting borrowers caused the mortgage crisis, saddling them with loans they couldn't afford and taking their houses through foreclosure for later sale at a profit. The seeds of destruction were sown decades ago by individuals and entities that had no idea of what they would ultimately be helping to bring about. But are the powers-that-be listening or reading this book?! Anyone interested in finance or gaining more knowledge about the complex workings of how our economic industry is built from the ground up should read this book. Highland Film Group is handling international sales, with the Gersh Agency representing the domestic sale. His parents had several entrepreneurial ventures, including real estate and restaurants, where Ken and his siblings worked as children. Fannie Mae and Freddie Mac.
Clark founded and served as chairman of indie First Guarantee Mortgage Company and wrote the books The Story Behind The Mortgage And Housing Meltdown: The Legacy Of Greed and the novel Deadly Instinct. During this period of uncertainty with mortgages and housing, Ken along with a large group of employees that work with him, spend numerous hours working daily to create, change and come up with ideas that help people that are caught in a mortgage and housing debacle that certainly he after 30 years in the business and most people living today have never seen. After buying out his father and adding a Virginia state chartered bank to his lending portfolio, he grew Sentry Mortgage Bankers while maintaining a small broker shop called First Guaranty Mortgage. In 1979, he came back to the East Coast to join his father in his first mortgage company venture. Rick Shreves' review was the most on point when he referred to Clark as having been in the trenches and not simply an academician with no real hands on experience. But they were by no means alone. Writer-director-producer and financier Ken Clark have partnered to form Minds I Cinema, an indie film production company that has already set up its first project: demonic love story The Other, which Bieber wrote and will direct.
I wanted the real story so that I could make an informed opinion. I feel more knowledgeable about the state of the economy and the reasons why it is as such after reading this book. Now that the finger-pointing has subsided somewhat, how can we restore our economy to its previous healthy level? I read this book from cover-to-cover, and I was amazed at all of the information I did not know about mortgages and the housing market. Legendary acquired the feature film rights in December and have quickly made the project a high priority at the studio. In this book, Kenneth Clark, a longtime mortgage banker and financial industry insider, talks about the real root causes of the mortgage and housing meltdown and how the government's failures and Wall Street's greed enabled the collapse. In less than 165 pages you come away with a real grasp of what happened, why it happened and some preventive medicine for preventing it in the future.
Clark's insight from within the halls of the mortgage industry has a resonance that echoes far beyond the reaches of the mortgage industry. Sounds so foolish, but it is never been a real underwriting requirement. It said it has a slate of completed screenplays with upcoming production commitments which it plans to announce in the coming months. I have had a very keen interest in our mortgage market despite having no involvement other than having had a number of mortgages over my lifetime. Senior staff is expected to be among the first to be impacted.
Is there any way to get this book on the desk of every government representative, every mortgage lender, and every prospective home buyer? We are confident that this is a combination guaranteed to produce creative product, which also secures responsible financial investments and return for our partners. Clark founded and served as chairman of First Guarantee Mortgage Co. I see too many things in the government being handled by bureaucrats who have had no real practical experience in the field that they are overseeing. How can we prevent this type of meltdown in the future? It is a must read for anyone with any interest in where we are now and what we can expect in the future with regard to our nations finances. If that's what you think, you're dead wrong. And it didn't have to happen. After graduating, Ken set off to California to open and run a Nutrition shop.