dave woodson: A new Series - 07/25/08 09:21 AM
I have been hearing that the Savings rate in America is the lowest it has ever been.
Let me REPEAT that
The Savings Rate in America is the LOWEST it has ever been. It is ever so close being negative. We are spending more than we take in. SPENDING MORE vs. … (3 comments)
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dave woodson: Daily Quote - 100,000 in points and other things I have learned on AR - 07/25/08 07:38 AM
"Every morning in Africa a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn't matter whether you are a lion … (12 comments)
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dave woodson: Another Short Sale Success - 07/18/08 02:46 PM
I was able to close a short sale in nearly record time after the bank approved the sale and the good news was that the bank broke even after my negotiating skills. So, the seller did not get a short sale on their credit report.
My clients got into the home … (3 comments)
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dave woodson: Identity Theft - 07/18/08 11:17 AM
Identity Theft
This week on the Mad Mortgage Machine show and podcast I cover a growing epidemic in the world of ID Theft and the fact that it is just not about credit cards and money anymore.
My special guest this week is Dave Mons from Dave Mons and Associates. … (8 comments)
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dave woodson: Communication is the Lubrication in every well run Organization - 07/18/08 11:01 AM
“Communication is the Lubrication in every well run Organization"
I think that statement is the most important thing I have read this week. I have been going through rough and tumble times here in the month of July, and my one constant has been the ability for me to communicate … (2 comments)
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dave woodson: 300th blog - WOW - 07/14/08 04:32 PM
I guess I could not have picked a better day to do my 300th blog.
The bond market is way up over 62 bps and we have had a couple reprices for the better. So, I am floating almost all of my loans today. Here is a short clip from my … (5 comments)
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dave woodson: Mad Mortgage Machine Podcast - 07/12/08 11:02 AM
I am Dave Woodson with Indigo Financial Group and I am the Mad Mortgage Machine.
You can listen to me weekly show on WIMS-am 1420 every Saturday morning at 10:30am cst or you can listen online at WIMSRadio.com or you can download my shows here. This week I … (3 comments)
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dave woodson: Not as young as I used to be...I am Lucky - 07/10/08 11:34 PM
In my life, I have been hit by a car, been hit by an all-American guard, fell 18 feet on my back, played rugby, football without pads, and fell off not one but two cars hood surfing (think teen wolf).
Last night, I was at a friends house to grab … (1 comments)
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dave woodson: New Rules = Bad Ideas and Higher Rates - 07/09/08 09:53 AM
New Rules = Bad Ideas and Higher Rates
Amy Le wrote a blog this morning and I just wanted to expand my answers a little on my own blog. you can read her blog here.
The new rules Under the proposal unveiled last December, the rules would:
Restrict lenders … (2 comments)
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dave woodson: Welcome Home - 07/05/08 10:11 PM
Isn"t vacation wonderful, bit isn't being home that much better.
I just had a had a great week in Kentucky along Lake Cumberland with family, enjoying two family reunions, and spending time with my wife and lovely daugther. We same, laid out by the pool, had some great down home cooking … (1 comments)
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dave woodson: Mad Mortgage Machine Show #2 - 07/04/08 01:06 PM
I have lost my notes, I really cannot remember what I talked about this week. Since, I recorded the show early this week. I know I answered a question from a "Jane Doe" on a possible foreclosure of her home. I will figure out when I back from vacation on how … (0 comments)
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dave woodson: Have a Happy Fourth - 07/04/08 12:39 PM
I am sitting here in the rain in Kentucky at my families reunion. We have been meeting here since 1982. We will have nearly 100 direct descendants of John and Grace Woodson attending the dinner this afternoon. They had 11 children and from there things got crazy. I have more cousins … (2 comments)
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dave woodson: Mad Mortgage Machine Radio Show - Tune in tomorrow - 06/27/08 12:54 PM
Tune in tomorrow, Saturday June 28th at 10:30am CST or 1130am EST for the “Mad Mortgage Machine” radio show.
This week, I will be answering a question that I received out of Highland, IN from a first time home buyer and her frustration with banks and other lending institutions. … (5 comments)
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dave woodson: Just got done - 06/25/08 11:29 PM
I just got done doing my first ever radio show by myself for the "Mad Mortgage Machine" It was exhausting. I started and restarted a dozen times. I hate the way I sounded, did I repeat myself, did I say that twice or should I just scrap this whole thing.
I … (3 comments)
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dave woodson: New Home Sales - 06/25/08 09:51 AM
Good news today. New home sales came in as expected. Hey, we are not down for the month. We are pulling ourselves out of this hole that we find ourselves in. I have been seeing more action on the phones and closings. I am getting some great attention for my website.
… (2 comments)
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dave woodson: Countryside Church - LaPorte County's Largest Church - 06/22/08 12:23 PM
I have never hidden the fact that I am Christian. I will tell you now that I am not perfect. So, if you expect me to be perfect, I am not, but if it had not been for this church. I am not sure where I would be. I had lived … (3 comments)
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dave woodson: FHA vs. The Flipper - 06/20/08 04:42 PM
Well, we had some good news this week from FHA and HUD concering the relaxed guidelines concerning Flippep properties. You would have to wait 90 days after you bought the property to let someone with FHA financing to buy your home. Well, good news, that is gone for at least one … (2 comments)
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dave woodson: Big Anouncement - Mad Mortgage Machine and WIMS-AM 1420 - 06/19/08 08:07 AM
"Give me a stock clerk with a goal and I'll give you a man who will make history."James Cash Penney (1875-1971)Founder of J.C. Penney stores
I was going to wait till next week to do this but it was let out of the bag this morning on the air.
I will … (1 comments)
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dave woodson: Breaking Through Hurdles - 06/18/08 08:07 AM
"You have to find something that you love enough to be able to take risks, jump over the hurdles and break through the brick walls that are always going to be placed in front of you."George Lucas (1944 - )Creator of the epic "Star Wars" series
This has been one of … (2 comments)
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dave woodson: A Whooping this week - 06/14/08 10:27 AM
Well, we took some serious hits this week in the bond market. We have switched our focus from the FNMA 5.5 Bond to the FNMA 6.0 Bond that really is how much we fell this week. the talk about inflation and oil has hurt both the stock and the bond market.
… (0 comments)
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dave woodson: Perceived Obsolescence - 06/13/08 09:01 AM
Perceived Obsolescence
Do you crave the latest greatest toy? Do you buy the newest phone every time a new one comes out for your carrier? What about your computer? Do you feel that every time you turn around you need to replace it since there is a better on the market? Oh, … (2 comments)
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dave woodson: Planned Obsolescence – “designed for the dump” - 06/13/08 07:43 AM
Planned Obsolescence - "designed for the dump"
Are you tired of things breaking down? Are you tired of having to replace things? Did you know that they are designed to break or not last as long as they could, and that there is a whole economic theory behind it? That if … (0 comments)
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dave woodson: Home Buyer Seminar - June 10th @ 630pm - 06/07/08 11:29 AM
Education has always been my mainstay here in this industry and it is more important now more than ever. I was holding monthly seminars, but got side tracked a little, but I am reviving them and they will always be on the 2nd Tuesday each and every month. We have a … (1 comments)
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dave woodson: D-Day - MMM Style - 06/06/08 10:03 AM
"There ain't no rules around here. We're trying to accomplish something."Thomas Edison (1847-1931)Inventor and businessman
Well, the above is not true in a sense. We do have rules that we must abide by, but we are accomplishing many great things in the Northwest Indiana Real Estate Market. We are approving a … (0 comments)
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dave woodson: Sunsine, shining on me now - 06/05/08 11:42 AM
"A problem is a chance for you to do your best."Duke Ellington (1899-1974)Composer, jazz musician
Well, the FNMA 5.5 bond fell through the 200 day moving average floor of support and bounced off the next floor of support. We are still down, but not down enough to warrant a lock her, … (0 comments)
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dave woodson: When Big Ben Speaks everyone listens - SHUT UP - 06/04/08 03:11 PM
Big Ben - Parliment
I wish it was that easy, but when Big Ben Bernake opens his mouth everyone listens. He spoke today on inflation worries and boom the bond market goes down, stocks are going down and the only good news is that oil is going down.
ADP had some … (0 comments)
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dave woodson: I finally have been super Me-Me'd - The Big 8 - 06/03/08 11:06 PM
Well, it finally happened - the Super 8 Me-Me
Who is your favorite musical artist? I have two - Johnny Cash, I cried the day he died, and Tom Petty is the other one.
Who is your favorite artist? Gosh, I have never really been known as an art guy. So, really, … (0 comments)
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dave woodson: Rates, Homes, and Automobiles - 06/03/08 06:58 PM
I am working a killer post for later this week to show what nonsense this foreclosure mess is. Oh, don't me wrong it is a mess, but there is a level of whatever behind it all, and if you do not buy now or at least soon, You are going to … (0 comments)
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dave woodson: Health vs. Wealth - 05/31/08 12:19 PM
I was watching WNIT this morning it is the local public television channel, and they were highlighting Rich Dad, Poor Dad author Robert Kiyosaki. He made an interesting statement that floored me.
He said people spend their Health gaining Wealth, and then spend their Wealth gaining back their Health. The sad … (15 comments)
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dave woodson: FHA and the Single Woman - 05/31/08 11:00 AM
I cannot think of a better loan for a single person be it man or woman with the low downpayment, exceptional rates, and low upfront mortgage insurance premium. Many people can buy a home for just as much as they are renting for now and with the tax savings many times it … (3 comments)
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dave woodson: Rocky and the Bonds - 05/30/08 02:43 PM
I am sure that we all have seen Rocky. You know the movies with Stallone. Where the main character is a flawed but very human guy that boxes. In the movies, he gives a beating, takes a beating then comes back to win.
Well, welcome to the mortgage backed bond market this … (2 comments)
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dave woodson: The Sky is Falling - 05/29/08 12:55 PM
If you have not been paying attention the mortgage backed bonds. You are going to be in for a rude awakening this is no time to have clients on the fence. We have fallen beneath the floor of support of the 200 day moving average. Bonds have failed to rally and … (1 comments)
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dave woodson: Comfort Zone - 05/28/08 10:04 PM
"I only want people around me who can do the impossible."Elizabeth Arden (1878-1966)Canadian businesswoman, style mogul
I do not have time for people who spend all their time in the Comfort Zone, if all we ever did was be in our Zone. We would still be living in our parents basement. I … (2 comments)
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dave woodson: Solutions... - 05/27/08 04:32 PM
"Don't find fault, find a remedy."Henry Ford (1863-1947) Founder of the Ford Motor Company
I once knew a guy that boastfully claimed that he could find fault in anything. Notice, that I said "once". I could not be friends with him anymore. Nothing was ever good enough. I have had employees … (3 comments)
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dave woodson: Powerful Marketing Words Part 1 - 05/24/08 10:35 PM
According to the WSJonline.com Podcast here are the words that are powerful marketing words. I have written several blogs on the power of my iPod and the education that I get from it. I hardly ever mindlessly listen to my radio anymore unless I just want to unplug and not think … (4 comments)
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dave woodson: Mad Mortgage Machine Week Recap - 05/24/08 09:25 PM
The 5.5% FNMA bond gained 16bp to close at
$100.34. The stock market continue to struggle that higher oil prices may
continue as demand may be out growing supplies and production. Oil closed higher
at the end of the day over $132 per barrel, and gas here in
Northwest Indiana … (0 comments)
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dave woodson: The Power of a BCC: - 05/24/08 08:50 PM
I do a weekly Mortgage Market Recap and What's Ahed for the Week, and I email it to roughly 600 Agents and Brokers across Northwest Indiana Real Estatelandscape. I blind copy everyone on the list. So, no one knows who else is getting it. I think it is courtesy to everyone … (2 comments)
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dave woodson: Bonds higher, Stocks lower and Thank you - 05/23/08 10:18 AM
The economy is showing more signs of recession as high energy and gas costs are hitting the consumer. Oil is trading at $132 after hitting $135 a barrel yesterday. Stocks open lower and mortgage bonds are trading higher this morning in a shortened session - the market will close a t 2:00pm ET today.
I want to take this … (1 comments)
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dave woodson: LifeLock ID Protection Fails - 05/22/08 08:53 AM
WE all have seen the commercial where the guy offers up his own social security number to would be ID thieves. Well, they won. In a story posted on Yahoo this morning, the CEO acknowledges 87 attepts on his social security and 1 guy getting away with it. His excuse is … (5 comments)
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dave woodson: The Farmer's Market - 05/18/08 06:25 PM
Michigan City had a lot to offer on the weekends. I used to be one of those people that would whine and moan that there was nothing to do on the weekends here in Michigan City. Oh sure, we got the beach, but the water is pretty cold, and have you ever … (0 comments)
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dave woodson: Bite into a Legend - 05/15/08 03:06 PM
I was struck the other day when I red the blog by the great Jeff and Grace Safrin about the great Tony's Saddle Shop just outside of Valparaiso here in Northwest Indiana. What could I write about was nearly as equal or greater than that. Then it hit me, like a ton … (1 comments)
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dave woodson: We Mock - 05/13/08 03:10 PM
What we don't understand.
I just got a call from one of my "no downpayment" signs. Yes, I can still do No Downpayment and they are not the fast track into foreclosure. It is a viable tool to help people who want to buy a house with little or no money … (9 comments)
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dave woodson: Making the sausage - 05/13/08 10:00 AM
"Do or do not. There is no try."YodaJedi master, from the "Star Wars" series
Core Retail Sales has come in much better than what was expected, and the mortgage backed bonds drop on the news. Stock futures are going from negative up to positive levels. Gas and Oil are remaining quiet. I hate think of the … (0 comments)
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dave woodson: Happy Late Mothers Day - 05/12/08 09:22 AM
I just saw this and I think they took that from my brother and I. You would think 6 years apart would calm us down. LoL, I am just kidding.
Just enjoy the video and I am sure most of us with siblings can relate. I hope all of you Mothers … (1 comments)
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dave woodson: What Do You Listen to... - 05/09/08 09:35 PM
I have been toying with the idea of video. So, I made my first one this week and I spend my first hour of the day deleting the bad scenes.
I want to coach and be a motivational speaker someday. I love to teach and educate my first time home buyers. I hold … (5 comments)
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dave woodson: Mad Mortgage Machine Minute - 04/22/08 10:14 AM
"Unless a man undertakes more than he possibly can do, he will never do all that he can."Henry Drummond (1851-1897)Scottish theologist and scientist
McDonald's 1st quarter earnings have beat estimates, and AT&T, the largest US phone company, is inline with 1st quarter expectations.
Oil hits yet another record high of $118.05. Are we ever going to get … (0 comments)
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dave woodson: A day of firsts for my daughter - 04/18/08 10:30 PM
You know that little blonde in my profile. She is my daugher she is going to be five on September 2nd and she reminds me everyday. She has brought me much joy in her short life thus far. Her name is Abigail which means "a fathers joy", and she has brought … (1 comments)
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dave woodson: Advantages of My BlackBerry and how I use it - 04/12/08 08:37 PM
8703eTM by BlackBerry®
As Sprint says, Everything you need, faster!
Highlights:
GPS Enabled- this is great for google map
Broad-band speeds where available- here in NW Indiana, that covers about everything but the City of LaPorte area. I can plug my phone in my laptop and use it as PAM(phone as a modem). It … (7 comments)
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dave woodson: Retirement Savings Down - 04/11/08 11:40 AM
Retirement Savings Down
A new study was released this week by the Employee Benefit Research Institute, and it reports that 18% of American workers are "very confident" about having enough money for a comfortable retirement. That number has decreased from 27 percent in 2007 - and that is the biggest one-year drop!
However, that lack of confidence in … (1 comments)
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dave woodson: Why can't we all just get along - 04/10/08 12:34 PM
Check out this short cute video:This is an amazing video of one of the homeless in Santa Barbara and his pets. They work State Street every week for donations. The animals are pretty well fed and are mellow. They are a family. The man who owns them rigged a harness up … (1 comments)
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dave woodson: Mad Mortgage Machine Minute - April 10, 2008 - 04/10/08 12:21 PM
Well, today, I am working and watching. We are watching the stocks pick up some steam with Wal-Mart and Costco showing some positive earnings. Intel showing a slight decline and since we are in the earnings season. Stocks are going to be a little more volatile. The Trade deficit was wider … (1 comments)
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dave woodson: JawBone - the new purchase - 04/08/08 06:05 PM
I am a huge cell phone user. I am on my phone a couple hours every day. I use an old Blackbery 8703 from Sprint. I love it I can do so many things with it. But, and there is always a but, I have a hard time using it when … (0 comments)
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dave woodson: Mad Mortgage Machine Minute - 04/07/08 06:23 PM
The benchmark FNMA 5.5% mortgage bonds did claw back from an earlier nearly 60bp deficit to close with a meager loss of just 12bp at $101.19. Earlier gains in the stock market weighed heavily on bond pricing, although a spike in commodity pricing was responsible for most of the day's downward pace.
The bleak Jobs Report continues to … (1 comments)
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dave woodson: She has my sense of humor and get ready for the week - 04/06/08 10:42 PM
I was making a test video the other day with my daughter. When she decided to take over. I am sure there are pictures of me out there doing this in my day. It is Sunday, so, I thought I would share the practice lap to brighten up your week.
… (1 comments)
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dave woodson: Mad Mortgage Machine Minute - April 04, 2008 - 04/04/08 10:38 AM
With the jobs market coming in at the worst levels since September 2005, and the largest once month decline since March of 05. We are seeing bonds go higher this morning. Stock futures were higher this morning, but have opened at unchanged.
I know we are all fearing what Big Ben may … (4 comments)
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dave woodson: Mad Mortgage Machine Minute - April 03, 2008 - 04/03/08 09:31 AM
We are seeing some good gains in the bond market as initial jobless claims came in higher then September 2005 levels. Big Ben Bernake is back on Capitol Hill this morning to testify before the Senate Banking Committee.
Stocks have opened lower, but are trying to put together some good numbers and rally … (0 comments)
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dave woodson: Mad Mortgage Machine Minute - 04/02/08 08:30 AM
Big Ben goes to the hill today to answer for the Bear Stearns meltdown/buyout. Bonds are down this morning on the news of ADP employment report that was up 8k vs. expectations that they were going to be down 45k. Stock futures are trading higher this morning. So, we can … (2 comments)
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dave woodson: Tonight Only - 04/01/08 02:54 PM
This is still very tentative, but at this time, Neal Smith, former drummer for Alice Cooper and quite successful Realtor from the New York area is going to be a guest on the Jim and Dave Show on WEFM 95.9 out of Michigan City. He is travelling through the area and … (1 comments)
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dave woodson: Opening Day - 03/31/08 10:44 AM
I was not a good baseball player as a kid. I slowly came into my own in high school. I played a solid second base. I was no hoover out there, but I was a good back stop. I was never afraid to sacrifice my body.
As a baserunner, I could steal second … (3 comments)
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dave woodson: Daring Ideas with Video - 03/31/08 09:42 AM
"Daring ideas are like chessmen moved forward. They may be beaten, but they may start a winning game."Johann Wolfgang von Goethe (1749-1832)German poet and dramatist
I had a good idea last week, but then i forgot about it. Only to have it come to me again a few hours later. I jotted … (1 comments)
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dave woodson: Mad Mortgage Machine Minute - 03/24/08 09:18 AM
Stocks are opening higher on the news that JP Morgan Chase is going to up their price from $2 to $10 a share in order to pacify upset shareholders. The shareholders should not be upset at JP Morgan but at Bear Stearns for putting them in this situation. I am … (0 comments)
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dave woodson: Special Mad Mortgage Machine Minute Update - 03/19/08 10:39 AM
The Office of Federal Housing Enterprise Oversight(OFHEO), I wonder if these guys get a a cool badge, They have lifted the special capital restrictions that had been put into place against Freddie and Fannie allowing them to put in $200 billion dollars into the mortgage bond market not the 10 … (0 comments)
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dave woodson: Can you say "Spring is in the air..." - 03/19/08 09:23 AM
After losing a whopping 88bps yesterday, the bond has rallied back to high of 72bps as of 9:05 this morning. Visa is set for it's IPO which is expected to be the largest ever in the USA. Morgan Stanely's quarterly profit is down, but still beat the estimates. Who are … (1 comments)
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dave woodson: Mad Mortgage Machine Minute - 03/18/08 10:59 AM
I am not going to use the word "volatile". I think it is has been overused in recent post. We had a nice run up in pricing yesterday as investors pulled out of stocks and dumped it all into bonds. However, this morning there was some profit taking and we are … (2 comments)
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dave woodson: A Crisis of Confidence - Bears Stearns Bail Out - Fed cuts rate - 03/17/08 08:10 AM
JP Morgan buys Bear at $2 a share, it was valued at $171 in January 07, and one investor will lose $1.16billion at least on paper. You know a billion here and a billion here and sooner or later you are talking real money. Stocks Futures are opening down sharply … (1 comments)
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dave woodson: H2O OK! - 03/14/08 04:44 PM
We all love to drink water, some in our scotch, out of a bottle bought at the local market for more than $12 a gallon or straight from the tap. I am tap guy, grew up on well water, still drink from the tap today. There has been a scare here … (2 comments)
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dave woodson: Carlyle Group Nears Bankruptcy - 03/13/08 10:29 AM
The Carlyle Capital, a mortgage bond fund, nears bankruptcy when it failed to reach agreement with lenders who demanded more than $400 million for margin call. Mortgage bonds fall as they flood the market with bonds, but I am watching the market as it is still very volatile and has come up quite a bit … (1 comments)
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dave woodson: Drew Estates Cigars - 03/12/08 09:47 PM
I have never been shy for my love of cigars, Now, Monica and Bill jokes aside. I have smoked cigars since I was in college and more since I have become gainfully employed.
So, this Saturday, March 15th from noon to 8pm in the great city of Merrillville, IN come out … (3 comments)
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dave woodson: The Mad Mortgage Machine Minute - 03/12/08 01:23 PM
We are seeing a nice run up in the bonds as they enjoy the infusion of cash from the new gov't program or as they call it liquidity crunch management tool. The Term Securities Lending Facility (TSLF) will give banks access to $200 billion dollars and take less than desirable … (1 comments)
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dave woodson: 9 Primary Elements of Self-Leadership - Self-Observation - 03/09/08 09:01 PM
I know it has been a while since I have done these. I had a real hard time with this one. I have never been one to look at myself with a critical eye until recently. I had let myself skate too long letting my success or failure be on someone … (0 comments)
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dave woodson: The Penny Must Die - NOW - 03/08/08 08:15 AM
I just read an article about the penny and the drag that is has on our US economy.
1. it cost more to make than it is worth
before 1983 the penny cost about .08 cents to make, but since 1983 it cost about 1.2 cents to make and at times it … (12 comments)
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dave woodson: All over the place it is...Volatile Part 2 - 03/07/08 08:23 AM
As you may have read in yesterdays Mad Mortgage Minute the FNMA 30 year 5.5 bond was down 103bps. I said that we could see a reversal today. Well, I am the MAN...as of right now and this is right now, it all could come crashing back down to earth in … (1 comments)
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dave woodson: NEW FHA Loan Limits - 03/06/08 12:26 PM
This is nationwide, but I am only focusing on my back yard. If you want information for your area please visit HUD.
LaPorte & Starke Counties - One Family Two-Family Three-Family Four-Family
FHA Loan Limit $271,050 $347,000 $419,400 $521,250
Porter & Lake Counties - One Family Two-Family Three-Family Four-Family
FHA Loan Limit $410,000 $524,850 $634,450 $788,450
The new loan limits … (7 comments)
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dave woodson: In the kitchen with...Me - 03/05/08 09:21 PM
I love to cook and this week I get to show it off to everyone who reads the Herald-Argus. I am the Chef of the Week. It is called Boboli Dave Style.
Dave Woodson of Michigan CityDave e-mailed to share this recipe favorite of his from college days.
."Not for the weak or … (2 comments)
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dave woodson: Referral from a National Lender - 03/04/08 11:45 AM
I was in my office yesterday with my sick girl before we came home and got her into bed and some hot soup. I was trying to get out of the office when I received a call from a manufactured home builder that is about 45 miles from me. she … (5 comments)
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dave woodson: DownPayment Wins - 03/03/08 07:06 PM
To be clear, the U.S. Department of Housing and Urban Development's (HUD) rule to ban private downpayment assistance as proposed in the "Standards for Mortgagor's Investment in Mortgaged Property" regulation published October 1, 2007, is permanently set aside.
This is a great victory for all of us that rely on the Down … (1 comments)
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dave woodson: FHA Loan Limit for NW Indiana - 02/29/08 11:38 AM
I am getting this out early and I am about 99% sure this will affect us all in NW Indiana.
In the areas where the median home price is above $583,800, the maximum FHA loan limit will be $729,750. HUD has indicated. In areas where the median price is below $216,840, … (3 comments)
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dave woodson: Mad Mortgage Minute - 02/28/08 09:12 AM
Weak data will push the mortgage bonds up and over the 100 Day Moving Average - currently up 50 bps. Some other data today:
Sprint Nextel posts a $29.5 billion Nextel writedown. - I do wish they would have handled the merger better with these two companies
GDP comes in at 0.6% - slightly less … (0 comments)
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dave woodson: Daily Quote - By Example - 02/27/08 03:36 PM
"I don't know any other way to lead but by example."Don Shula (1930 - ) winningest coach in NFL historyI never really thought of this till I had a child. Well, my wife had her, I was just in the room for support. But, when I misbehave and do things unbecoming … (0 comments)
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dave woodson: Up and down round and round - 02/27/08 03:12 PM
Volatility
Well, if you like volatility this week you must be loving the bond market (rates). Yesterday, we had not one but two alerts that there may be a intra-day reprice for the worst and today we have had one for the better. Isn't it nice to know that there is a Mortgage … (0 comments)
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dave woodson: Evidence of Success - 02/25/08 03:27 PM
I think we all need a refresher course on what each of us does. Here is what I do and if you respond. I would like to know what you do!
I took a loan application 3 weeks ago on an aged couple that their ARM was about to adjust. That a … (1 comments)
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dave woodson: This week in rates - TWIR - 02/22/08 07:41 PM
If you are the kind of person that like volatility then the past couple weeks have been all you. I have seen dramatic swings this week that remind me of a playground with kids swinging back and forth on the swingset. Yesterday, we saw the bonds get back what it lost … (1 comments)
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dave woodson: Daily Quote - Creative Effort - 02/21/08 08:42 AM
"Happiness lies not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort."Franklin Delano Roosevelt (1882-1945)32nd president of the United States
I saw this quote and I just loved it. I like it when my creative juices are just flowing and then to … (3 comments)
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dave woodson: Daily Quote - Investing in Knowledge - 02/20/08 04:45 PM
"An investment in knowledge pays the best interest."Benjamin Franklin (1706-1790)American statesman, writer & scientist
How much do you spend on your knowledge? Last year, I spend nearly $2,000 in hotel, books and seminars. I made that much back in the lessons that I learned. There is more than investing, there is implementing. … (3 comments)
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dave woodson: 9 Primary Elements of Self-Leadership - Self-Talk - 02/20/08 10:35 AM
I love this one and I thank God every day for Bluetooth technology. So, it does not look like I am talkig to myself. But, I am a great self-talker. I talk myself through situations and my daughter will sit in the backseat and ask me who I am talking to … (0 comments)
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dave woodson: Moment of Clarity - 02/20/08 10:23 AM
I was lying in bed this morning next to my daughter. She sneaks in during the night and I am such a heavy sleeper. I thought of my day and then in a moment I thought of all the people that I have come into contact in this business. The talkers, … (0 comments)
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dave woodson: Financial Intelligence - 02/19/08 12:40 PM
FINANCIAL INTELLIGENCE Are you keeping up with the Joneses?We really hope not! Read why...
"Keeping up with the Joneses" is a popular catchphrase in many parts of the English-speaking world. It refers to the desire to be seen as being as good as one's friends' and neighbours and is associated with the … (0 comments)
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dave woodson: 9 Primary Elements of Self-Leadership - Self-Direction - 02/19/08 11:58 AM
I started and stopped this part 4 times. I just could not focus on the task at hand. I think I have a handle on it now and I am sure that I am headed in the right direction. Funny, how this is on Self-Direction.
You can lead others, or better … (0 comments)
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dave woodson: My Why... - 02/17/08 12:49 PM
this week on vacation. I got sick I was in bed for nearly two and half days and slept for 36 of 48 hours. But, as i laid there in bed tween the grunts and the groans. I began thinking on my why. Why do I do what I do? Why … (2 comments)
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dave woodson: America is a Service Nation... - 02/17/08 12:29 PM
with Poor Service!
I heard that on the radio this morning from a guy in Chicago. I would tend to agree with his statement until I look at the Real Estate Industry. Well, most of it, anyway. Now, I am sure we all have been at a restaurant where we ask and … (1 comments)
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dave woodson: Daily Quote - Principles - 02/05/08 11:53 PM
"Circumstances should neveralter principles."Oscar Wilde (1854-1900)Irish writer & critic
I have been reading a lot of articles lately of people who have been swept up in the heat of the moment only to have their world come crashing down. They make a call in momentary lapse of judgement for the sake of … (2 comments)
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dave woodson: Transfer of Trust - 02/05/08 10:49 AM
I was struck the other day at this notion of "Transfer of Trust". We market ourselves, we blog, we do a lot of things to drive people to us and our business and business philosophies. We get clients or better yet create clients, but when do they trust us?
We are … (0 comments)
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dave woodson: Daily Quote - Opportunity - 02/04/08 11:26 PM
"Opportunity is missed by most people, because it is dressed in overalls and looks like work."Thomas Edison (1847-1931)American inventor, salesmanfrequently worked more than 40 hours straight
I missed my calling by 7 years. I was first introduced to the mortgage world when I met a LO when he called on my buddy … (4 comments)
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dave woodson: 9 Primary Elements of Self-Leadership - Self-Ambition - 02/04/08 10:21 PM
This is the 3rd part of a 9 part series of Elements of Self-Leadership - Self-Ambition
A desire to achieve. A desire to succeed. A desire for personal achievement. This is a little more than self-motivation more than your why it is the end all be all. It is the "What"! What … (1 comments)
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dave woodson: 9 Primary Elements of Self-Leadership - Self-Motivation - 02/01/08 05:41 PM
This is the second part of the The Nine Primary Elements of Self-Leadership and the second part is - Self-Motivation.
I used to be hard to get up and going in the morning. I dreaded going to class, and after I graduated I dreaded going to work. I was never motivated. I … (3 comments)
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dave woodson: 9 Primary Elements of Self-Leadership - 01/31/08 10:59 AM
I am going to do a 9-part of blog series on the elements that I believe you need for Self-Leadership.
The top of the list of is Self-Imagery
How do you see yourself. I have heard people refer to themselves as fat or as a loser. I hear them refer to themselves … (2 comments)
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dave woodson: Effective Steps to a Great Credit Score - 01/29/08 10:25 AM
I pull credit it is a part of my job and I hear all of the excuses on why people's credit is the way it is. Often times, I feel like a priest as people confess to me their financial woes. I think my disclosures notices are stronger than a priests at … (1 comments)
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dave woodson: Ben Franklin - Much Ado by Reading - 01/27/08 10:46 PM
I was listening to the weekending show of Paul Harvey and he was talking about Ben Franklin and his many accomplishments with just two years of formal education. I decided to do a little research and here is what I found out.
INVENTOR - Stove, lightning rod, bifocals and many others...
MEDICINE … (2 comments)
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dave woodson: Your Mumbo Jumbo Jargon Confuses Me - 01/17/08 01:53 PM
Last year, I was working with what I thought to be a seasoned Real Estate Agent. We had a less than honest client who was telling her one thing and me quite the other. I have said this more than once that I have the most intrusive job in America. But, … (6 comments)
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dave woodson: Beyond - Daily Quote - 01/17/08 06:57 AM
"Give of yourself. Be of service to others. Only what you give can be multiplied back into your own life."Mary Kay Ash (1918-2001)American businesspersonfounder of Mary Kay Inc.
Recently my wife joined Mary Kay as a representative. I always understood MK to be a MLM and I am not opposed to those, … (0 comments)
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