Daily TBWS Market Report - 1/31/11 - 01/31/11 09:12 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  Today the boys talk about the Double Dip Home prices that is occuring.  According to Standard & Poor's monthly Case-Shiller Price Index there is a deceleration in the annual growth rate with 19 of 20 cities showing a decline in housing prices (Miami - 0.2% and Tampa 0.8%) over the last two months.  They also discuss using your Gym as a Social Networking tool to increase your business.
Have a great day! 
Think Big Work Small
Disclaimer:  If you prefer reading your news over a cup of coffee in a … (1 comments)

Daily TBWS Morning Report - 01/25/11 07:03 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.   This morning the boys talk about the possible come back of procecution of subprime lenders such as Morgage Lenders Network USA and American Home Lenders; these lenders have been paying a document storage company $16,000 a month to store 18,000 boxes of documents, which they now want to destroy without storing on a hard drive - The speculation is up to interpretation. Chase has overcharged some military families by not lowering their mortgage rate, which is the law.  Bank Of America cutting back, by 6 days, the grace period to make your payment in … (1 comments)

Daily TBWS Market Report - 1/21/11 - 01/21/11 04:37 AM
 Good Morning...Here is today's market update from the Think Big Work Small Guys. Today the boys have a very interesting discussion on new lenders compensation rule.  On December 16th the Mortgage Banking Association sent a letter to Ben Bernanke and the Sandra Bronstein, of the Federal Reserve, asking for clarification on the Loan Officers Compensation Rule which is open to blurred interpretations in many areas.  This is forcing lenders to be very conservative in their actions, and will lead to higher fees for consumer.  This rule leaves lenders fearful to move forward since they don't know what the tolerance threshold is, and is hindering home … (3 comments)

Daily TBWS Market Report - 1/20/11 - 01/20/11 07:19 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  Today the boys have several comments concerning Citi posting a profit of 1.3 billion dollars in the 4th quarter of 2010, this is their first posted profit since 2007 and a positive sign after their 7.6 billion in losses in 2009.  At the same time Citi announced these profits Freddie Mac (who sold their state in Citi) now says Citi sold them loans (in the 2nd half of 2009 and 1st half of 2010) that violated quality standards and had flaws.  It appears the government may go after Citi's profit like it did BOA. 
Video:  … (0 comments)

Daily TBWS Market Report - 1/19/11 - 01/19/11 07:27 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys. Today the boys talk about hang ups with 4506T Tax Return Verification, FHA - extending through to next January - the suspension of the Anti Flipping Rule, 30% of people from the ages of 18 to 34 are living with their parents - the highest percentage since 1981, and the Negative report from CNN Money predicting very lengthy recoveries in the real estate market in certain areas (Naples, Fl 27 yrs and Punta Gorda, Fl 26 yrs) and the self fulfilling prophecy continuous reporting like this can produce.  
Video: Think Big Work Small
Disclaimer:  … (0 comments)

Dail TBWS Market Report - 1/13/11 - 01/13/11 10:14 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  Today the boys focus on the loss of our Collective Household Equity which has dropped from 2007 to 2009, from 13.5 trilion to 5.6 trillion; a loss of 7.9 trillion, and the lack of reporting on the subject.  Some of the factors in this drop have been: Bad Appraisals, Underwriting Standards, and Freddie Mac accounting for 75% of funded loans.  There needs to be a meaningful discussion on how to bring our Collective Household Equity back up.  Their opinion us that the Frank Dodd Bill is not the answer. 
Think Big … (0 comments)

Dail TBWS Market Report - 1/12/11 - 01/13/11 09:07 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  Today the boys are having a discussion on the home builder Lennar and their earnings increase.  Lennar bought into a portfolio of loans auctioned by the FDIC with a share agreement. Since then Lennars stocks have increased even while new home ownership has fallen.  They also give a list of States having the longest and shortest foreclosure procedure; and they recommend that consumer's looking for mortgage brokers check to make sure the loan officer has a license. 
Video:  Think Big Work Small  
Disclaimer:  If you prefer reading your news … (0 comments)

Dail TBWS Market Report - 1/11/11 - 01/11/11 09:35 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  This morning discussion is concerning higher fees being imposed on loans by Fannie and Freddie.  Even with an 800 credit score Conventional mortages will be having Risk Based Mark-ups, no longer is there an incentive for good credit, everyone pays more.  Check out the Video embedded in the Think Big Work Small video on the Tuk Tuk - it is really cute.
Think Big Work Small 
Disclaimer:  If you prefer reading your news over a cup of coffee in a relaxed atmosphere or your family's sense of humor gene skipped … (0 comments)

Daily TBWS Market Report - 1/10/11 - 01/10/11 07:04 PM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  Today the boys talk about Wells Fargo loosing a case in the Massachusetts State Supreme Court who sided with two home owners in getting their homes back after Foreclosure.  How is this going to effect doing business in a state where the high court decides in favor of home owners?  Is this going to effect the future of lending in this state.  The usual sentiment is "What is bad for banks is good for us", but the bottom line is We Need Band, they are the bloodline of our … (0 comments)

Daily TBWS Market Report - 1/7/11 - 01/07/11 07:26 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.   Today the boys are all over the place in their discussions:  Mortgage Loan Modifications outpaced foreclosures last month, foreclosures at 1.6 million - foreclosures at 1 million, these figures may not be correct due to the foreclosure freeze a few months ago; Michelle Bauchman introducing a bill to repeal the Frank-Dodd bill; Home Insurance prices increased from 2000 to 2007 67% while improvement cost did not have the same increase - if insurance increases were based on home values than why have their cost not gone down since home … (0 comments)

Daily TBWS Market Report - 1/6/11 - 01/06/11 07:39 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  Today the boys discuss Wikileaks getting ready to release documents showing and eco system of Corporate corruption in America with BOA's actions being an indictment in itself (where there's smoke there's fire), and the Feds over stepping their boundaries during the Countrywide & BOA acquisition (Feds and Treasury department forcing BOA into this acquisition); Top 5 Mortgage servicers cutting a deal with the Attorney Generals of 50 states to pay fines - Where is the money going?; and Britain changing there Pint (20 oz) to the Australian size (13 oz). 
Think Big Work Small
… (0 comments)

Daily TBWS Market Report - 1/4/11 - 01/04/11 06:55 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  Today the boys bring up an interesting subject on whether the NAR should impliment Sellers Disclosure paperwork concerning Divorce.  Since a divorce could potentially cause problems in the transaction, hold up a closing, cost the Buyer money, and make the Agent liable - a safeguard should be put in place.  They also touch on BOA thinking they have resolved their issues by paying Freddie and Fannie $2.8 billion for bad loans.
Poll question:  Should the lising agent have to disclose if the sellers are divorced? 
Video:  Think Big Work S
Disclaimer:  If you prefer reading your … (3 comments)

Dail TBWS Market Report - 1/3/11 - 01/03/11 09:57 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  This morning the boys discuss Hank Paulson - his work history - and the sale of him home (@ $3.25 million) for well under list price.  They also discuss Non Profit organizations having first shot a purchasing property a discounted prices and reselling them at discounted prices along with the effect on our home values, They feel this is Politically correct Sub Prime Lending. 
Poll question:  Do you think non-profits should have first crack at foreclosures? 
Think Big Work Small
Disclaimer:  If you prefer reading your news over a cup of coffee … (1 comments)

Festival of the Arts - 01/02/11 08:03 AM
The 26th Annual Cape Coral Festival of the Arts will be held January 8th & 9th - 10 am to 5 pm.  Both sides of the downtown median will be lined with artists and craftspeople displaying their goods.  The Rotary Club of Cape Coral is presenting this event.  There will also be food and activities for the kids.
My husband an I look forward to this art festival every year, there is always some great local art to buy.
… (2 comments)

 
George-lois-palm_tree_2 Rainmaker_large

Lois Davies, Cape Coral & SW Florida

Cape Coral, FL

More about me…

Century 21 Birchwood Realty, Inc.

Address: Cape Coral, Fl, 33914

Office Phone: (239) 542-0065

Cell Phone: (239) 357-5558

Email Me

A full time agent serving all of Lee County.


Listings

Links

Archives

RSS 2.0 Feed for this blog