Presidential Poll: Vote Now!!! - 10/31/08 08:01 AM
Vote now at The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
Presidential Poll: Vote Here Now!!! Cast Your Vote Now
I am conducting this poll through Monday afternoon in order to get a feel for how the ordinary American as well as the exceptional American that reads this blog feels about the candidates going into Tuesday's critical election.
… (2 comments)

Some Quick Economic Statistics To Use At Cocktail Parties - 10/31/08 06:04 AM
From The Political and Financial Markets Commentary at http://politicsandfinance.blogspot.com Some Quick Economic Statistics To Use At Cocktail Parties Just Days Before The Election, What's Going On?In about 5 days we are going to know who our new president is, and have a better idea of the direction that our fiscal policy is going to head in. Higher taxes, lower taxes, higher taxes for the rich (if earning above $250 K is considered rich), more drilling, less drilling, more green, less green, more government, less government, etc.How the markets will react to the eventual winner will start to be apparent on Wednesday … (0 comments)

Headline: Federal Reserve Cuts Rates 50 basis points and more - 10/30/08 05:42 AM
Read the entire story at The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
Thursday, October 30, 2008
Headline: Federal Reserve Cuts Rates 50 basis points and more  
The Two Day Fed Meeting Ends With A Cut Of 50bp.The Fed lowered its' overnight lending rate to 1.00% and the discount rate to 1.25%. Along with this was the statement that downside risk to the economy remains that would seem to leave open the window for further rate cuts. We are chasing Japan which is rumored to be lowering its' key rate to .25%.This move is somewhat symbolic in nature since actual … (0 comments)

It's Beginning To Look A Lot Like Christman? - 10/29/08 08:43 AM
Reprinted from The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
Are You Confident?When I first started writing the Politics and Finance blog at the beginning of the summer, in my wildest imagination I would not have expected that my daily rant would be so consistently negative. The goal, which has morphed slightly since the inception was to provide commentary on the ever changing political and financial landscapes that affect us all. The goal has not yet been attained, because the landscape has not been ever changing, but going in one direction.While I have been accused in the past of having … (0 comments)

Exeter Commercial Is Announcing The Formation Of Our Mortgage Modification and FHA Lending Groups - 10/28/08 01:11 PM
Exeter Commercial Is Announcing The Formation Of Our Mortgage Modification and FHA Lending Groups
The Mortgage Modification Group will work with borrowers of both residential and commercial mortgage loans who have fallen behind, or who are about to fall behind on their payments due to an unforeseen hardship. This can include an ARM rate adjustment, illness, loss of job, failure of a business etc. The FHA Group will work with borrowers that are seeking to purchase a home and who may not qualify under the now strict underwriting standards of many lenders.
Jericho, NY (PRWEB) October 28, 2008 -- Exeter Commercial … (0 comments)

Promoting Your Outside Blog - 10/28/08 12:56 PM
If your blog has been in existence for an extended period of time, and you want to achieve maximum exposure, blog syndication is a key component in the process. 
BlogRush is one of the top blog syndication sites, and works in the following way.  You first send your blog URL in so that they can take a look at how long it has been around and in the quality of the content.  Once approved you add their HTML onto your blog, and your readers will be able to click on the five listed blogs that are consistent with your content.
Those bloggers … (2 comments)

Do Not Give Up On The Dream Of Owning A Home!!! - 10/28/08 10:57 AM
Do Not Give Up On The Dream Of Owning A Home!!!
We all know the stories about banks not lending and if they do, about only the most pristine buyers qualifying.
There Is Still A Way: Through FHA or Federal Housing Authority loans.  These loans are made by a bank but insured by the FHA with terms that are much more affordable and with much lower minimum credit score requirements.
Consider:
The FHA is fairly lenient with credit (even below FICO 600), though requirements may vary by state. You can apply even if you have no credit history if you can … (2 comments)

Where Do The Markets Go From Here? - 10/27/08 09:48 AM
Where Do The Markets Go From Here? What Market Am I Talking About?The answer to that question is really that it is the readers choice to decide. Whether we are talking about housing, mortgages, commodities, stocks, bonds, currencies or commercial real estate, we are at what can only be called an extremely elevated state of flux and angst in all of them.Some good news came out of the the housing sector on Friday with a greater than expected number for existing home sales from September. While good news, the reality is that the housing sector remains stalled and borrowers that want … (0 comments)

If You Don't Subscribe, This Is What You Missed This Week! - 10/25/08 08:18 AM
What You Missed This Week
If you don't subscribe to The Political and Financial Markets Commentator blog by either feed or by email, these are the stories that you missed this week.
The Commentator is written by me for the purpose of addressing key topics in the financial markets, mortgage and housing markets and in the political arena that affect or potentially affect us all.
There is no cost, and if I must say so myself it is concise and to the point.  Check it out, and if you like what you see sign-up.  The address is http://politicsandfinance.blogspot.com.
Mortgage Modifications: What … (2 comments)

Mortgage Modifications: What Are They? - 10/24/08 07:45 AM
Friday, October 24, 2008
Mortgage Modifications: What Are They? Watching Stock Market FuturesI had been asked to write a piece on mortgage modifications that I was not going to post on my blog, but watching what could be a Black Friday in the markets has inspired me to submit it.If You Are Late On Your Mortgage Payments Or About To Face A Foreclosure Action: You Do Have Options!Do Not Just Assume That Your Lender Holds The Upper HandMortgage Loan Modifications:
Why It Is Critical To Use An Experienced Professional
What Happens To Your Home When You Can No Longer Afford Your … (1 comments)

Have You Fallen Behind On Commercial or Residential Mortgage Payments? You Do Have Options! - 10/22/08 08:34 AM
Have You Fallen Behind On Your Mortgage Payments?  
Mortgage Modifications: You Do Have Options!
 If You Have Fallen Behind On Your Mortgage, We Can Help You Restructure Your Loan Into A Payment That You Can Afford!
 Your loan will be re-negotiated by an attorney that is not only familiar with the laws of your state, but with the banks that they negotiate with.
 Nobody wants foreclosure, because it is a lose-lose proposition for the homeowner as well as the lender.
 •·        Does Everyone Qualify For A Modification?  No.  But if your initial pre-application is accepted, there is typically a high degree … (0 comments)

Get My Blog Delivered To Your In-Box - 10/22/08 07:32 AM
Blog Feeds On Active Rain
I received an ActiveRain email that included a post by Jason Crouch, Broker - Austin Texas Real Estate, that took me to the instructions on adding an email subscribe box to my outside blog within my ActiveRain blog.  Thanks Jason.
I would like to take this opportunity to invite anyone that reads my outside blog on ActiveRain, or who maybe has not to take a look, and if you like what you read to use the box on the right side of the page to sign-up for emails of my blog sent right to you.
I have … (1 comments)

And The Scapegoats Are? - 10/21/08 07:49 PM
And The Scapegoats Are? Today's Market ActionBefore we get into the discussion of who is going to be the fall guy(s) and gal(s) for the debacle that we now refer to as the Financial Crisis of 2008, let's take a quick look at the continued improvement in the indicators of credit market liquidity.The Ted SpreadThe LIBOR rate continues to show improvement by dropping to the lowest level we have seen in weeks at 3.8%. The 3-month bill is at a level of approximately 1.06%, bringing the spread to the neighborhood of 2.7%, still extremely wide but well below the close to … (4 comments)

Mortgage Modifications Opportunity - 10/16/08 01:53 PM
Mortgage Modifications Opportunity
Michael Haltman: Commercial Capital Alliance/Exeter Commercial LLC
  
Who am I?
 
Many of you know me either through mortgage deals that we have done together, my blog The Political and Financial Markets Commentator or my Yahoo group, CommercialCapitalAlliance1.
  
For those of you not familiar with me or my firm, let me give you a little background.  Commercial Capital Alliance and Exeter Commercial LLC are commercial mortgage lenders and brokers, as well as providers of training on the commercial mortgage and real estate markets.  We have been in the commercial mortgage business, and ONLY this business since1990. … (0 comments)

From Exuberance To Business As Usual - 10/15/08 08:01 AM
From The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
Wednesday, October 15, 2008 (7:10 AM EST)
From Exuberance To Business As Usual
Back To Business As UsualMonday we had the huge stock market rally on the heels of the news coming out of Europe over the weekend, which took us into the pre-open announcements in the US on Tuesday, which led into a continuation rally, at least at the open of trading on Tuesday (the open was the high). We are now back to the basics of the market, trading on uncertainty, prospects for a recession of undetermined length that will … (2 comments)

Stocks, Credit Markets and the Man - 10/13/08 01:33 PM
Monday, October 13, 2008
Stocks, Credit Markets and the Man
Who Is The Man?I am watching and listening, trying to figure it out. Watching the markets and the news flow. Listening to the politicians, government spokespeople and the talking heads of business news. If I can figure this puzzle out, it will tell me where we are going. Then I will tell you.LIBORWatching LIBOR, the indicator of banks willingness to lend to each other, I see a 7 bp move down to approximately 4.75. This is the largest move down in many months, but I would have hoped for a little … (2 comments)

It's A New Week: Pleasure Or Pain? - 10/13/08 09:37 AM
It's A New Week: Pleasure Or Pain? We Got Through The Weekend... AlmostI am watching a little football, doing a little work around the house, and at the same time keeping my eye on the business wires to see if there are any new developments around the world that could impact the stock markets, but more importantly the credit markets and the willingness of the banks to lend to each other as well as to us, the rank and file citizens currently paying the price.I was not happy on Friday night listening to Chairman Paulson, or Saturday morning listening to President … (0 comments)

What's In A Name? Turns Out A Lot - 10/11/08 04:14 PM
Saturday, October 11, 2008
 
What's In A Name? Turns Out A Lot The Commercial Mortgage and Political Hotline: The Name Is ObsoleteWhen I first decided to write a blog, I initially wanted to provide a forum to discuss the commercial mortgage and real estate markets, and provide insights to training and market trends.As I am sure that you have noticed, the nature of the blog has taken a detour, and has become more of a discussion of politics, the world and the financial marketplace. Part of this has been a function of the incredible amount of flux in the world, … (0 comments)

Good Thing I Work On The First Floor? - 10/10/08 03:51 AM
Thursday, October 9, 2008
Good Thing I Work On The First Floor?
Anyone can take a look at the action today, yesterday, the day before...well you get the idea, and say that there is no end in sight and that gloom and pessimism will rule the day. Very logical, and I will get to that after I begin with the fact that I believe the global governments will get this right. After all, even a broken clock is right twice a day.First, Is There A Light At The End Of The Tunnel?On the bright side, the solution to loosening up the … (1 comments)

The Financial Crisis Welcomes The World! - 10/09/08 05:41 AM
Another Day, Another Move To Save The Financial SystemToday we got the news that many in the markets have been waiting for. They have been waiting for what seems to be a very long time. That was the coordinated global rate cut by the central banks of the US, Canada, EU, England as well as a few other countries. EU rates have been to high and still remain that way even post cut.As I discussed yesterday morning, we had an immediate strong move up in the stock futures, a quick and severe fade and several other moves all before the market … (8 comments)

Hallelujah: Coordinated Global Rate Cut - 10/08/08 06:36 AM
Hallelujah: Coordinated Global Rate Cut Coordinated Rate Cut Move By The Central BankersAs I said as my closing line to my blog yesterday, if only we could get the EU to cooperate with the global financial crisis that we are going through. This morning as I write this (7:00 AM EST), the U.S., Canada, Britain and the EU cut rates 50 bp in a coordinated move to loosen the flow of credit around the world.This came on the heels of close to double digit drops in the stock markets in Asia (10%+ in some and close to 20% in some of … (2 comments)

The Fed Gets Involved: Commercial Paper - 10/07/08 02:24 PM
The Commercial Mortgage and Political Hotline The Fed Gets Involved: Commercial Paper The Commercial Paper MarketThe Fed came in this morning and said that they would create a facility which would buy short-term, high quality and unsecured highly rated debt in a step which will hopefully grease some of the wheels in this critically important market that has has been stagnant.Liquidity and Volatility IndicatorsAs an indication of the fact that the market s like this move, the TED Spread has narrowed to as low as 3.29 and is now at 3.46. Still high, but an improvement in this indicator of credit … (0 comments)

Let's Lose This Line: What Inning Are We In? - 10/07/08 07:54 AM
Monday, October 6, 2008
 
Let's Lose This Line: What Inning Are We In? What Inning Is The Financial (Mortgage) Crisis In?Nicasio Baseball ScoreboardOriginally uploaded by ed100
Over the past months I have been watching both the prognosticators and experts giving their opinion on the financial crisis, and when we would be coming out of it. The typical opinion some months back was that we were in the late innings of this "game", and that the light would soon be seen at the end of the tunnel.
Still more were positive that we might test the stock market lows set earlier … (2 comments)

Survival Tips: Managing Your Business During A Down Market - 10/06/08 02:09 PM
Monday, October 6, 2008
 
Survival Tips: Managing Your Business During A Down Market The stock market is down 700+, the VIX is close to 60, and I figurured that this would be a great time to reprint an article from a blog that I read every day, The Mortgage Cicerone. The article refers to belt tightening practices and the ways of running your business, particularly in bad times.I came up out of my bomb shelter to write it.The information, if you are not already thinking in this direction, is some good food for thought, and a lot of it can … (5 comments)

Fannie Mae: Plain Vanilla or Chocolate Sundae? - 10/06/08 06:11 AM
Monday, October 6, 2008
Fannie Mae: Plain Vanilla or Chocolate Sundae? Market Update: Things are not looking great post Bill passage. I have a funny feeling in the pit of my stomach.VIX: Not yet open. Closed Friday at 45.14, and speculate we will see 50+ today.The Ted Spread: 3.89 this morning, up from Friday (higher is not better)Overseas stock markets are down fairly large, and S&P futures are down large."In A System Designed For Plain Vailla, Like Trying To Push A Chocolate Sundae Through Its' Gears"
To see the rest of the story, please go to http://commercialmortgagehotline.blogspot.com .
… (4 comments)

The Bailout Bill Passed: Why Are People So Glum? - 10/04/08 12:17 PM
Saturday, October 4, 2008
 
The Bailout Bill: Why So Glum? The Bailout Bill Passed: Why Are People So Glum?OK. Arms were twisted, some pork was added, the potential ramifications of doing nothing were averted, Main Street was saved (even if Wall Street also benefited), the middle class was rescued and the Bailout Bill was passed in the House after passage earlier in the week in the Senate.In anticipation of passage, the stock market was up over 200 points early in the day, despite the economic news on jobs that showed a decline for the ninth month in a row. The … (4 comments)

The Message Of The Markets: Stock, Credit and Mortgage - 10/02/08 07:16 AM
Read the rest of the story at The Commercial Mortgage and Political Hotline at http://commercialmortgagehotline.blogspot.com
Thursday, October 2, 2008
The Message Of The Markets: Stock,Credit and Mortgage
The Message Of The MarketsThe Senate passed the Bailout Bill 75-25 last night, in a fairly strong showing of bi-partisan support. Amendments were added to gain votes, and more importantly to entice some of the House members to vote yes without losing too many that had already voted yes and might now vote no.True to form, some Senators got some minor cuts and bruises on the stampede to the microphone to trumpet the "great … (4 comments)

The Mortgage Crisis: Enough Blame To Go Around - 10/01/08 06:37 AM
Read the entire story at The Commercial Mortgage, Real Estate and Political Hotline at http://commercialmortgagehotline.blogspot.com
Wednesday, October 1, 2008
The Mortgage Crisis: Enough Blame To Go Around Is This Mess Solely A Creation Of The Current Administration, Or Is There Enough Blame To Spread Around?Some politicians and some pundits would like everyone to believe that the current mortgage mess was born, invented, encouraged, started, etc. when the Bush administration came into office. In a continuing effort to try and spread the blame to both parties and to both the current and previous administrations (bi-partisan blame which is choice number 2 in … (0 comments)

 
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Michael Haltman

Jericho, NY

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Hallmark Abstract Service LLC

Address: 131 Jericho Turnpike, Suite 205, Jericho, NY, 11753

Office Phone: (516) 741-4723

Cell Phone: (516) 521-3499

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The Hallmark Abstract Sentinel is written for the purpose of keeping our clients and subscribers current on any issues that may have the potential to impact the real estate, mortgage or title insurance markets. Examples of these issues include the current foreclosure crisis and the potential that foreclosures already completed could be overturned due to a variety of legal issues.


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