There can be no doubt about MYEC.
Pumping and Bashing aside. Look, MYEC is on it's way.
The latest news is that housing prices are up 10% over last year, and house flipping has started again. People are selling their homes quickly, it's a sellers market again.
In light of the past housing fiasco, banks, mortgage brokers, etc, want to eliminate financial risks. MYEC has the solution by clearing checks directly and instantaneously through federal reserve. Banks don't even trust other banks (they won't admit it because it's their industry but..) let alone the buyers themselves. Think about those downpayment checks, escrow checks, closing fees, etc etc etc. The banks want the MYEC system whether they are conscious of it or not. I dont' care if it's JP Morgan, Bank of Kentucky, or your local credit union.
Ed Starrs could charge double the going rate (rather than 1% vs 2.9%) and he would still be OK, the risk elimination is worth more to the banks than the silly fee.
Someone buy Ed Starrs a drink. He's not going to let this company go down, he is close to retirement age himself, do you really think he wants to spend his golden years being a CEO of a worthless company...Hail no. He is quite motivated to make this work.
MYEC MYEC MYEC my precious.
