ARCHIVED BLOG POSTS
This is one of the funniest parodies of Barbara Streisand's memory. This utube has had 4,675,538 hits. YouTube - Memory-a spoof by Pam Peterson
My definition of luck is where preparation meets opportunity. I have been called a lucky person though out most of my career. The harder I work the luckier I get. You have to define experience. Does somebody who has been in the real estate business ten years have ten years experience or one ye...
Men Are Just Happier People -- What do you expect from such simple creatures? Your last name stays put. The garage is all yours. Wedding plans take care of themselves. Chocolate is just another snack. You can be President. You can never be pregnant. You can wear a white T-shirt to a water park. Y...
Merino Pond aka High Pond gives the owners of waterfront property year round pleasure. You can boat, swim and fish when the ice is gone. The frozen ice in the winter gives way to ice skating, ice fishing, etc. There are 15 named ponds in the Town of Dudley. Dudley is located about 18 miles sou...
I can't think of a lender who doesn't use MI (mortgage insurance) on all loans with less than 20% down. The borrower pays the insurance premium on a monthly basis. The lender's equity position is 80%. That means it is the mortgage insurance company that is taking the big hits. If the property...
A funeral director asked a young minister to hold a grave side service for a homeless man with no family or friends. The funeral was to be at a cemetery way out in the country. This was a new cemetery, and this man was the first to be laid to rest there. The minister was not familiar with the a...
Tell Congress: 20% Down Payments Put the American Dream Out of Reach Could your clients afford a 20% down payment? Could you? Can you envision what your prospective client pool will look like if new regulations governing Qualified Residential Mortgages (QRM) take effect this year?Neither can we....
Imagine a mortgage market where all conventional buyers must have 20% down to obtain a mortgage. No 30 year terms to be had. Far fetched you say. Not really if the Campbell/Peters plan becomes law. This plan would phase out Freddie Mac and Fannie Mae within five years. It would be replaced by...
That doesn't seem to make a lot of sense on the surface. I hear people are waiting for the prices to drop even lower. I have a chart that was prepared by Bill Murphy of Fairway Mortgage. It fully shows the fallacy of that strategy. IMPACT OF RATES ON PAYMENT The chart illustrates how a change ...
The US Home builder's outlook is bleak proclaims an article in my local newspaper. Builders are asked to measure the economy numerically. Any number below 50 is considered negative. It has been below 50 since April 2006. The current level is stuck at 16. The same number for 6 out of the last...