It is With Great Sadness That I am Writing This - 09/17/08 08:21 AM
If you have been reading the Florida Mortgage Report for a while, you undoubtedly have read some of the posts about home equity and how easily it can be wiped out in a disaster. Every year as hurricane season approaches, I inform readers to make sure their home equity is prepared and protected, something that is not on any other emergency preparedness list out there.
Yesterday, just prior to jumping on the airplane to return to Miami, Florida, I learned that a Captain I flew with last month lost his home to Hurricane Ike. His home WAS located in Galveston, Texas. … (3 comments)

Black Sunday? Financial Markets Get Pounded Again As Mortgage rates Drop - 09/15/08 04:13 PM
Unless you have been asleep or not paying attention to the news today, you have undoubtedly heard about Lehman, Bank of America (B of A), Merrill and AIG. With the news sending the DJIA down over 500 points today, traders are comparing the move to Black Monday of 1987, dubbing this as Black Sunday.
The good news for homeowners, or homeowner wannabes, is that mortgage rates drop when bad things happen in the stock market, or bad news develops surrounding the economy. That is, except for news of higher inflation, which causes mortgage rates to climb. Today is a good day … (3 comments)

Fannie Mae and Freddie Mac: Doomsday of the Financial World? - 09/12/08 11:06 AM
Many have inquired about my take on the government's takeover of Fannie Mae and Freddie Mac, even some in the media.  I had been sitting be the wayside, actually taking care of business, and had set the issue on the back burner, until now.
Just why in the heck did the government take over Freddie Mac and Fannie Mae?  And is it all for the better,or worse?
The obvious reason the government wanted to take over these two mortgage behemoths was to calm the markets, even to indirectly send mortgage rates lower in another feeble attempt to spur the housing market.  … (9 comments)

Mortgage Pro Week in Review for 9/1/2008 - 9/7/2008 - 09/08/08 07:58 PM
I was honored when Jeff Belonger asked me to write this week's Mortgage Pro Week in Review (Sept. 1-7, 2008).  With the week selected drawing to a close, the biggest news to hit the airwaves was released as Fannie Mae and Freddie Mac were essentially taken over by the government, a move long time coming, I am going to leave those posts for Tom Burris to handle in next week's week in review as there should be plenty of good ones if you mortgage pros are up to it.
I did a mortgage week in review a long time ago and … (14 comments)

 
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Robert D. Ashby

Miramar, FL

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Address: 11758 SW 26th CT, Miramar, FL, 33025

Office Phone: (954) 674-6864

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Florida Mortgage Specialist provides "thought provoking" topics and strategies for proper mortgage planning. MEDS™ is a unique mortgage process that properly integrates your mortgage into your financial plan.

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