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economy: Did NC Dodge a Bullet? - 09/29/08 11:02 AM
Wachovia is the second largest employer in the LARGEST CITY in North Carolina.  So news that it is being sold to Citi is BIG NEWS here in the Tarheel State!
According to the Charlotte Observer:
"Wachovia will remain headquartered in Charlotte,
while Wachovia Securities will continue to be based in St. … (6 comments)

economy: When Mortgages Get Sold - 09/21/08 01:48 PM
In details released Saturday night of the Paulson Plan, the Treasury intends for us to bailout anyone who purchased "bad" loans.  So if you purchased mortgages backed by real estate in the United States, but you live in Dubai, or Spain - our govenrment will include you in the bailout too? 
According … (9 comments)

economy: Do YOU Feel More Secure? - 09/19/08 02:18 PM
Sec. Paulson has been busy!  And my gut feeling is that I don't fully grasp a good part of what is being done, what the implications are for mortgage rates, housing affordability, job creation and increased taxes.  This is kinda' frustrating to me - because I genuinely work to understand our complicated … (14 comments)

economy: Mortgage Bankers Of America 08 Forecast - 01/25/08 09:43 AM

 
 
 
 
 
 
 
The Mortgage Bankers of America posted an Executive Podcast Forecasting 2008.  The comments started with comments addressing how many of our collegues are out of the business, but also points to borrowers who acted in ways that created the current issues we all feel in the Economy.  Get a couple of extra cups … (10 comments)

economy: Recession and Countrywide - 01/09/08 09:14 AM
Well, I've said for weeks that I think we are in a recession.  This morning Goldman Sacks agreed.  They feel that the GDP will continue to fall during the First and Second Quarter of 2008 - forcing the Fed to lower it's rates by 1.75%.
Could COUNTRYWIDE be to blame for this??  … (6 comments)

 
Loan Officer: Eleanor Thorne, Cary Mortgage Loans (Meridian Residential)
Eleanor Thorne, Cary Mortgage Loans
Cary, NC
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Meridian Residential

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