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chapel hill: What Obama Needs To Do To Fix The Economy - OPINIONS - 01/13/09 09:55 AM
Obama recently said he wanted to hear the ideas "out there" for a better stimulus package.  Paul Krugman, who recently won a Noble Prize for his Economic Genius, has some ideas... and he recently shared those with Rolling Stones!
In his post, Krugman notes... "One more thing: even with the Obama plan, the Romer-Bernstein report predicts an average unemployment rate of 7.3 percent over the next three years. That's a scary number, big enough to pose a real risk that the U.S. economy will get stuck in a Japan-type deflationary trap."
This doesn't sound good...
According to Krugman.. "There's nothing to … (11 comments)

chapel hill: NAHB Wants to Keep Their In House Lender? WOW! - 01/12/09 01:00 PM
National Association of HomeBuilders is suing to retain the ability to control mortgage lending!  WOW!  Who's surprised by that?? 
According to Inman News: "Federal housing regulators have agreed to delay for 90 days implementation of a rule change that would bar home builders from offering consumers incentives when they agree to use builders' affiliated mortgage and title insurance companies."
We've seen first hand how well the affiliated mortgage companies work!  We were told last month by a CTX onsite agent that it was AGAINST THE LAW for the buyer to use someone other than THEIR mortgage Company!
We have builders here … (9 comments)

chapel hill: If Your Score is Less than 620 - Interest Rates Are Going UP! - 01/09/09 01:44 PM
Just received an update from a MAJOR investor that credit scores less than 620 are going to be priced SIGNIFICANTLY higher beginning Monday, January 12, 2009.
This is significant for folks who are purchasing, and using USDA or FHA/VA financing tools.  The "hits" for scores between 600 and 620 today are .25.  Meaning that it costs us almost a quarter of a discount point more to do a loan with those scores. In most cases, this means we can still get a rate of 5% for these folks.
According to the news bulletin, the new cost for doing a government loan … (12 comments)

chapel hill: Top Places to Work in Raleigh, NC and the Triangle - 11/07/08 07:36 AM
With the jobs numbers coming out today (highlighting the fact that many people have lost their jobs in the last quarter), I thought it was a good idea to remind folks that WE HAVE JOBS in the Triangle!  I think it's one of the reasons we are considered one of the countries top "Recession Proof" areas in the Country!

Via Stanton Homes - Penny Hull: Raleigh Area Custom Home Builder:
Best Places to Work in Raleigh, NC and the Triangle Top Family Friendly Companies with On Site or Near Site Child Care For the last 10 years, Parenting Magazine has put … (5 comments)

 
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