Busta Hustle
Beach Fanatic
wonder if the donald has written any contacts or has any holdings in sowal or any other nwf gulf coast?
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Love him or hate him
- Thread starter Bobby J
- Start date
Miss Kitty
Meow
wonder if the donald has written any contacts or has any holdings in sowal or any other nwf gulf coast?
Well, he does know how to flip hair.
seacrestkristi
Beach Fanatic
Even the baby's a flipper. I may not be a huge fan of the Don but his advice sounds grayt to me. Now hopefully my townhouse will sell so I can go buy a sowal house. 
I really would 
a sowal yard to plant stuff in.
I really would a sowal yard to plant stuff in.
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Bob
SoWal Insider
he likes those real tall buildings.wonder if the donald has written any contacts or has any holdings in sowal or any other nwf gulf coast?
Busta Hustle
Beach Fanatic
yup...don' think he would be welcomed here in "we got height restrictions land"...i wonder though...he could get a real good deal on chateau de paris...
SHELLY
SoWal Insider
DATELINE: APRIL 2006
You're Approved: Donald Trump Presents His Own Mortgage Firm
Donald Trump wants to lend you money.
Seeking to leverage exposure from his television show "The Apprentice," the real-estate developer and entrepreneur thinks it's the right time to get into the mortgage business -- even as some others head for the exits.
Mr. Trump, due to formally introduce Trump Mortgage today (it actually opened for business, with little fanfare, in November), expects that his high-profile name and white-glove treatment of borrowers will win market share in a fragmented mortgage-broker business with a reputation for spotty service. In addition to linking home buyers to lenders -- the backbone of the business -- he is also talking to Wall Street firms about starting his own mortgage bank. His goal: a broad-based company serving borrowers ranging from $100,000 home buyers to $200 million commercial developers.
"The brand has never been stronger," says the 59-year-old executive. "This was just a good time to utilize the name and have a really good mortgage company."
---------------------------------------------------------
DATELINE: DEC 2006
Trump mortgage chief inflated resume
Donald Trump said his new mortgage-brokerage unit would inject honesty into an industry with a bad reputation. But his lieutenant's resume raises credibility issues.
To head the mortgage broker, Trump hired E.J. Ridings, who the company's Web site touts as a seasoned pro. "Trump Mortgage is going to take better care of people than anyone in the mortgage industry ever has," Trump said at the time.
Ridings, of course, agrees. "The housing boom has attracted a variety of people into this business, not all of them honest," he told Money Magazine in September. "I really believe that the public needs and wants a safe place to get a mortgage."
But if Trump is trying to build a mortgage brand on honesty, he seems to have said 'You're hired' to the wrong executive.
In interviews with Money and on his company's Web site, Ridings has made a number of false or misleading claims about his professional experience. Last week, following inquiries by Money into Ridings' background, Trump Mortgage altered its Web site, removing some of the claims it contained about Ridings' past employment.
First, Ridings' initial bio stated that before joining the company he was "a top executive at one of Wall Street's most prestigious investment banks."
Second, the bio had said that Ridings was an "established leader" at one of New York's leading mortgage boutiques.
Third, the bio said he had 15 years of experience in the financial industry.
All three claims appear to be false, according to regulatory documents obtained by Money and interviews with former colleagues of Ridings.
Where Ridings does have a fair amount of experience is in the nutritional supplement business. In the mid-1990s, he founded a company that sold a variety of vitamins and health drinks. Before that, Ridings owned a cleaning service. Ridings, through a spokesperson, says his 15 years of experience includes the "financial industry experience within his own companies that he founded earlier in his career."
Where Ridings does have a fair amount of experience is in the nutritional supplement business. In the mid-1990s, he founded a company that sold a variety of vitamins and health drinks. Before that, Ridings owned a cleaning service. Ridings, through a spokesperson, says his 15 years of experience includes the "financial industry experience within his own companies that he founded earlier in his career."
And Trump Mortgage has fallen short of Ridings' earlier forecasts. At the time of the company's launch, Ridings predicted the company would complete $3 billion in loans in 2006, much of it in residential lending. Now Ridings says, "Trump Mortgage anticipated doing close to $1 billion in residential mortgages, but that figure may not be reached by the end of this year."
-------------------------------------------------------------------
DATELINE: AUG 13, 2007
Trump Mortgage, "You're foreclosed"
Weak market, bad timing, exec's troubles doom firm
Donald Trump has pulled the plug on Trump Mortgage less than two years after its launch.
Plagued by bad timing and the disclosure that the firm's chief executive had inflated his credentials, the mortgage brokerage never came close to reaching its financial goals. Another reason the company stumbled is that it expanded too quickly, instead of taking the time to build relationships with brokers and lenders.
Mr. Trump down-played his role in Trump Mortgage. He said that he didn't have an ownership stake in what amounted to a mere licensing deal. "The mortgage business is not a business I particularly liked or wanted to be part of in a very big way," he said.
That's a different tune than the one he was singing a year ago. After a quiet opening in late 2005 at Mr. Trump's headquarters at 40 Wall St., he officially launched the company in April 2006 at a gala at Trump Tower. Also onstage was chief executive E.J. Ridings, an acquaintance of Donald Trump Jr. who came up with the idea for the company.
Shortly thereafter, Mr. Trump told CNBC's Maria Bartiromo: "I think it's a great time to start a mortgage company. [And] who knows about financing better than I do?"
Riding a wave of popularity thanks to his TV show, The Apprentice, he joked that if the company wasn't a big success, Mr. Ridings would be "fired."
Those words came back to haunt Mr. Trump late last year when Money magazine exposed exaggerations in Mr. Ridings’ company biography. While he claimed to have been "a top professional at one of Wall Street's most prestigious investment banks," his tenure consisted of a three-month stint at Morgan Stanley, including six days as a broker. Mr. Ridings could not be reached for comment for this story.
-----------------------------------------------
Yeah, I can see this Trump guy has his finger on the pulse of Real Estate.
.
You're Approved: Donald Trump Presents His Own Mortgage Firm
Donald Trump wants to lend you money.
Seeking to leverage exposure from his television show "The Apprentice," the real-estate developer and entrepreneur thinks it's the right time to get into the mortgage business -- even as some others head for the exits.
Mr. Trump, due to formally introduce Trump Mortgage today (it actually opened for business, with little fanfare, in November), expects that his high-profile name and white-glove treatment of borrowers will win market share in a fragmented mortgage-broker business with a reputation for spotty service. In addition to linking home buyers to lenders -- the backbone of the business -- he is also talking to Wall Street firms about starting his own mortgage bank. His goal: a broad-based company serving borrowers ranging from $100,000 home buyers to $200 million commercial developers.
"The brand has never been stronger," says the 59-year-old executive. "This was just a good time to utilize the name and have a really good mortgage company."
---------------------------------------------------------
DATELINE: DEC 2006
Trump mortgage chief inflated resume
Donald Trump said his new mortgage-brokerage unit would inject honesty into an industry with a bad reputation. But his lieutenant's resume raises credibility issues.
To head the mortgage broker, Trump hired E.J. Ridings, who the company's Web site touts as a seasoned pro. "Trump Mortgage is going to take better care of people than anyone in the mortgage industry ever has," Trump said at the time.
Ridings, of course, agrees. "The housing boom has attracted a variety of people into this business, not all of them honest," he told Money Magazine in September. "I really believe that the public needs and wants a safe place to get a mortgage."
But if Trump is trying to build a mortgage brand on honesty, he seems to have said 'You're hired' to the wrong executive.
In interviews with Money and on his company's Web site, Ridings has made a number of false or misleading claims about his professional experience. Last week, following inquiries by Money into Ridings' background, Trump Mortgage altered its Web site, removing some of the claims it contained about Ridings' past employment.
First, Ridings' initial bio stated that before joining the company he was "a top executive at one of Wall Street's most prestigious investment banks."
Second, the bio had said that Ridings was an "established leader" at one of New York's leading mortgage boutiques.
Third, the bio said he had 15 years of experience in the financial industry.
All three claims appear to be false, according to regulatory documents obtained by Money and interviews with former colleagues of Ridings.
Where Ridings does have a fair amount of experience is in the nutritional supplement business. In the mid-1990s, he founded a company that sold a variety of vitamins and health drinks. Before that, Ridings owned a cleaning service. Ridings, through a spokesperson, says his 15 years of experience includes the "financial industry experience within his own companies that he founded earlier in his career."
Where Ridings does have a fair amount of experience is in the nutritional supplement business. In the mid-1990s, he founded a company that sold a variety of vitamins and health drinks. Before that, Ridings owned a cleaning service. Ridings, through a spokesperson, says his 15 years of experience includes the "financial industry experience within his own companies that he founded earlier in his career."
And Trump Mortgage has fallen short of Ridings' earlier forecasts. At the time of the company's launch, Ridings predicted the company would complete $3 billion in loans in 2006, much of it in residential lending. Now Ridings says, "Trump Mortgage anticipated doing close to $1 billion in residential mortgages, but that figure may not be reached by the end of this year."
-------------------------------------------------------------------
DATELINE: AUG 13, 2007
Trump Mortgage, "You're foreclosed"
Weak market, bad timing, exec's troubles doom firm
Donald Trump has pulled the plug on Trump Mortgage less than two years after its launch.
Plagued by bad timing and the disclosure that the firm's chief executive had inflated his credentials, the mortgage brokerage never came close to reaching its financial goals. Another reason the company stumbled is that it expanded too quickly, instead of taking the time to build relationships with brokers and lenders.
Mr. Trump down-played his role in Trump Mortgage. He said that he didn't have an ownership stake in what amounted to a mere licensing deal. "The mortgage business is not a business I particularly liked or wanted to be part of in a very big way," he said.
That's a different tune than the one he was singing a year ago. After a quiet opening in late 2005 at Mr. Trump's headquarters at 40 Wall St., he officially launched the company in April 2006 at a gala at Trump Tower. Also onstage was chief executive E.J. Ridings, an acquaintance of Donald Trump Jr. who came up with the idea for the company.
Shortly thereafter, Mr. Trump told CNBC's Maria Bartiromo: "I think it's a great time to start a mortgage company. [And] who knows about financing better than I do?"
Riding a wave of popularity thanks to his TV show, The Apprentice, he joked that if the company wasn't a big success, Mr. Ridings would be "fired."
Those words came back to haunt Mr. Trump late last year when Money magazine exposed exaggerations in Mr. Ridings’ company biography. While he claimed to have been "a top professional at one of Wall Street's most prestigious investment banks," his tenure consisted of a three-month stint at Morgan Stanley, including six days as a broker. Mr. Ridings could not be reached for comment for this story.
-----------------------------------------------
Yeah, I can see this Trump guy has his finger on the pulse of Real Estate.
.
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SHELLY
SoWal Insider
Last edited:
Miss Kitty
Meow
Bobby J
Beach Fanatic
No, all RE is LOCO!
I will second that.