TBWS Market Report - 2/17/11 - 02/17/11 09:18 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  Today the boys cover the Fannie and Freddie issue as to whether they should be done away with, remove the government tag, or make them an agency with in the government.  Since Freddie and Fannie are iimplicit guaranteed loans what are the repercussions to privatizing them?  Higher risk rates with a drastic drop in lending would be one outcome.  As the boys are saying, you can want reform but be careful what you wish for.
Think Big Work Small  
Disclaimer:  If you prefer reading your news over a cup … (3 comments)

Daily TBWS Market Report - 2/10/11 - 02/10/11 06:56 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.   The main topics today are:  Federal Regulators said Chinese Drywall, which was installed in several states, still has problems; it can make you sick butit does not kill people.  Loan Officer Compensation for Mortgage Brokers and Wholesalers will become a guaranteed income.  Loan officers will no longer be allowed to contribute money out of their own pockets; the new rate sheet will have two columns for fees, one for consumer paying and one for banks paying. 
Think Big Work Small
Disclaimer:  If you prefer reading your news over a cup of coffee in a relaxed atmosphere or your family's … (0 comments)

Daily TBWS Market Report - 2/9/11 - 02/09/11 07:49 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  The boys are having two main discussions today: One is on the advertising campaign for Red Rock Island, located in the San Fransisco Bay area, and the other is the FDIC getting ready to charge more for risk based loans by having banks not make their assesment based on debt issue ratings; this could lead to the FDIC having agents police banks.  Somehow the FDIC feels this is Forward Thinking. 
Think Big Work Small
Disclaimer:  If you prefer reading your news over a cup of coffee in a relaxed atmosphere or your family's … (0 comments)

Daily TBWS Market Report - 2/8/11 - 02/08/11 07:04 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys. Today the boys hit several issues:  Fannie and Freddie are going to charge more for loans with Risk Bases Pricing being put into place, making them have a Financial Interest in the terms and conditions of the loan - which is what the Fed Rule is preventing Loan Originators from doing (double standard anyone).  Customers need to have a 740, or higher, credit score and put 25% down or they fall into this category.  Bank Of America not going to do Reverse Mortgages any longer.  HUS says "Worse Case … (1 comments)

Daily TBWS Market Report - 2/7/11 - 02/07/11 06:18 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys.  Today the boys comment on a few Actions being taken.  The Special Inspector General for the Bailout calling the Mortgage Servicesrecord abismal and Mortgage Modifications a total Failure; NAIHP has a campaign to overturn the Federal Rule - The Board of Governors for the Federal Reserve System (along with others) is spelling out the flaws of the Fed Rule - the NMLS requires all Loan Officers to have a registration number (so they can be tracked) unless you work for a Federal Bank, Trift, Credit Union or due less than 5 loans a year; VA loans … (0 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