HOW MANY WAYS ARE THERE TO ORIGINATE MORTGAGES?!?! - 05/31/07 09:08 AM
Let's all REALLY help each other by counting and listing how many different ways that we can originate mortgages!!
I bet we get some GREAT ones that nobody has ever heard of!
...At the very least, this should prove to be rather inspirational! Just blogging this right now makes me want to get … (4 comments)
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HOW MANY WAYS ARE THERE TO ORIGINATE MORTGAGES?!?! - 05/30/07 09:43 AM
Let's all REALLY help each other by counting and listing how many different ways that we can originate mortgages!!
I bet we get some GREAT ones that nobody has ever heard of!
...At the very least, this should prove to be rather inspirational! Just blogging this right now makes me want to get … (5 comments)
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Treasuries Gain After May Job Growth Is Less Than Forecast - 05/30/07 09:36 AM
U.S. Treasuries rose the most in almost four weeks after a report showed private-sector job growth was less than forecast this month. Lehman Brothers Holdings Inc. and Action Economics are among firms that lowered expectations for job growth two days before the Labor Department's employment report for May.
Gains in Treasuries … (0 comments)
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Fed sets key topics for mortgage abuse hearing - 05/29/07 10:36 PM
The Federal Reserve said on Tuesday a public hearing on potential new rules to curb abusive home mortgage lending practices would cover prepayment penalties, low documentation loans and consideration of borrowers' repayment abilities. The four key topics for the June 14 public hearing on how it might formulate new rules to … (1 comments)
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Investors appear to be betting against any rapid rebound in home prices. - 05/29/07 10:35 PM
Home prices fell over the last 12 months for the first time in 16 years, according to a survey released Tuesday, and investors seem to believe that prospects for a quick recovery are poor. The S&P/Case-Shiller national home price index revealed that in 13 of 20 metro areas surveyed, home prices … (0 comments)
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Fed Minutes to Stress Inflation Bias - 05/29/07 10:32 PM
Treasuries were little changed before minutes from the Federal Reserve's May meeting, which are expected to reiterate that inflation remains the biggest concern. U.S. reports on consumer confidence and housing led interest-rate futures traders to scale back bets for a cut in borrowing costs this year. Yields on 10-year notes rose … (0 comments)
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Subprime Mortgage Bond Risk Rises - 05/29/07 10:31 PM
The perceived risk of owning low- rated subprime-mortgage bonds created last year increased after reports showed that more borrowers are late in their payments and U.S. home-price declines may be accelerating. The reports, along with housing sales data released last week, have ``reinvigorated some bearish players who have been somewhat less … (0 comments)
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Treasuries Fall Before Report Likely to Show Rising Confidence - 05/29/07 07:56 AM
Treasuries fell, pushing 10-year note yields toward the highest since January, before a report expected to show confidence among U.S. consumers rebounded in May. Ten-year yields have risen more than a quarter percentage point this month on expectations a resilient housing market and signs of economic growth will deter the Federal … (1 comments)
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Refinance Considerations - 05/28/07 11:49 AM
When you're making your decision, there are several things to keep in mind.
First, even a small rate cut can pay off quickly. That's because you can easily find mortgage companies willing to waive routine refinancing charges such as application, appraisal and legal fees (which can add up to $1,500 to … (0 comments)
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Consider Other Mortgage Refinance Programs - 05/28/07 11:47 AM
If you are thinking about a mortgage refinance, you might want to consider many types of mortgage refinance programs. For example, you might want to look into a 15-year fixed rate mortgage refinance. In this plan, your mortgage payments are somewhat higher than a longer-term loan, but you pay substantially less … (0 comments)
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15 Year Refinance - Build Home Equity Faster - 05/28/07 11:36 AM
Many borrowers use a refinance to shorten the term of the mortgage. And brace yourself, even at low rates, a shorter term means a higher monthly payment. The benefit is that you'll build up equity faster and pay far less in total interest over the life of the loan.
Consider Jim … (3 comments)
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The Huntley, IL Area Public Library - 05/28/07 11:28 AM
The Huntley Area Public Library Offers Two Red Cross Babysitting Boot Camp Sessions This SummerYoung Adults ages 11-14 can learn to be a successful babysitter in one day! Attend one of the Huntley Area Public Library's two Red Cross Babysitting Boot Camp sessions! The $45 class fee includes a workbook along … (0 comments)
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Huntley, IL Chamber Golf Classic - 05/28/07 11:26 AM
JUNE 27, 2007
12:00pm Shotgun Start
Randall Oaks Golf Club
37W361 Binnie Road.
West Dundee, IL 60118
This year's event is full of golf, fun, prizes and sponsorship opportunities. The following are some of the
highlights of this year's annual outing:
· 18 holes of tournament golf at the beautiful redesigned Randall Oaks
· Unlimited use of driving range … (0 comments)
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Treasury 10-Year Yield Rises to Highest Since January on Rates - 05/26/07 02:41 PM
Treasuries fell, pushing yields on benchmark 10-year notes to the highest level since January, on a sign of housing strength and comments from Federal Reserve policy makers that inflation remains their primary concern. Futures traders pared bets this week that the central bank will lower interest rates after a government report … (0 comments)
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CREDIT BUREAUS PHONE NUMBERS! - 05/25/07 05:22 PM
You'd be surprised how many people do not know this!
Equifax: (800) 685-1111 TransUnion: (800) 916-8800 Experian: (888) EXPERIAN (397-3742)
Hope it helps!!
:-)
… (2 comments)
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Three Types of Reverse Mortgages - 05/25/07 05:01 PM
The three basic types of reverse mortgage are: single-purpose reverse mortgages, which are offered by some state and local government agencies and nonprofit organizations; federally-insured reverse mortgages, which are known as Home Equity Conversion Mortgages (HECMs), and are backed by the U. S. Department of Housing and Urban Development (HUD); and … (2 comments)
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Move quickly before your loan program disappears! - 05/25/07 04:31 PM
I know I do not have to point out to anyone that the industry is changing daily. Program guidelines and pricing are changing so fast and unfortunately without notice and effective immediately.
The Alt A Programs are being scrutinized by the investors as they are having problems securitizing them on the … (1 comments)
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Treasuries Head for 3rd Weekly Decline on Signs of U.S. Growth - 05/25/07 10:16 AM
Treasuries headed for a third straight week of declines as signs of recovering economic growth reduced traders' bets on a cut in borrowing costs by the Federal Reserve later this year. The notes pared their weekly drop after an industry report today showed sales of previously owned homes in the U.S. … (0 comments)
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New Home Sales Soared 16%!!! - 05/24/07 01:27 PM
New-home sales soared in April, an unexpected surge marking the biggest climb in 14 years, according to a report that showed declining inventories and signaled hope for the long-suffering housing sector. Separately, demand for expensive goods rose mildly in April, according to a government report Thursday that also showed capital spending … (1 comments)
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Treasuries Drop as Sales of New Homes Exceed Forecast in April - 05/24/07 10:19 AM
Treasuries dropped, pushing yields to the highest in almost four months, after a government report showed sales of new homes in April rose the most in 14 years. ``It's a foot on the neck of the market,'' said William O'Donnell, U.S. government bond strategist in Stamford, Connecticut, at UBS Securities LLC. … (0 comments)
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U.S. Note Yields Near Highest Since February on Growth Outlook - 05/22/07 11:22 PM
U.S. 10-year yields held near their highest since February on expectations a government report tomorrow will show orders for durable goods rose for a third month in April. Ten-year yields have increased by a third of a percentage point in 11 weeks on speculation signs of growth in the economy will … (3 comments)
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Treasury 2-Year Yield Trades Near 3-Month High on U.S. Economy - 05/22/07 10:46 AM
Treasury two-year yields traded near a three-month high on expectations reports this week will show the U.S. economy is gathering momentum. Yields on the notes, the most sensitive to changes in interest-rate expectations, have risen 8 basis points in the past week as traders reduced bets the Federal Reserve will cut … (0 comments)
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New laws aim to stem subprime defaults - 05/18/07 10:32 AM
Willis Blackshear combs through Ohio mortgage filings looking for time bombs to defuse. The Montgomery County recorder, who oversees real estate filings in Dayton, searches for loans with balloon payments, or interest rates that may soon rise to unaffordable levels. He has found more than 3,100 in Montgomery where 540,000 residents … (0 comments)
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U.S. Consumer Confidence Fell in May on Gas Costs-even Home Depot is Suffering! - 05/17/07 11:31 PM
Confidence among U.S. consumers probably fell in May to the lowest level in eight months, sapped by a jump in gasoline prices and a wave of mortgage defaults, economists said before a report today. The University of Michigan's preliminary index of consumer sentiment likely declined to 86.2 this month from a … (1 comments)
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Canada's Dollar Rises, Bonds Tumble as Inflation Accelerates - 05/17/07 10:49 AM
Canada's dollar rose and bonds tumbled after a government report showed a measure of inflation accelerated to a more-than-four-year high in April. The yield on the government's two-year benchmark bond climbed to the highest in more than 10 months on speculation the Bank of Canada will raise the benchmark lending rate … (0 comments)
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Treasuries Fall to One-Month Low as U.S. Jobless Claims Decline - 05/17/07 09:53 AM
Treasuries fell to a one-month low after a government report showed initial jobless claims in the U.S. unexpectedly declined last week. Yields on two-year notes, the most sensitive to changes in interest rates, gained as evidence of a strong labor market led traders to lower bets that the Federal Reserve will … (0 comments)
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U.S. Leading Indicators Index Weakened in April - 05/17/07 01:08 AM
An index of leading U.S. economic indicators weakened last month with a slowdown in the job market, economists said before a private report today. The Conference Board's index was unchanged in April after a 0.1 percent increase in March, according to the median estimate in a Bloomberg News survey of 59 … (0 comments)
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Foreclosures Spur Ohio-Led States to Rescue Homes From Default - 05/17/07 12:37 AM
Willis Blackshear combs through Ohio mortgage filings looking for time bombs to defuse. The Montgomery County recorder, who oversees real estate filings in Dayton, is searching for loans with balloon payments, or interest rates that may soon rise to unaffordable levels. He has found more than 3,100 in Montgomery where 540,000 … (2 comments)
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Treasuries Fall as Inflation Data Leaves Central Bank on Hold - 05/11/07 12:54 PM
Treasuries fell the most in more than two weeks after a government report showed a measure of inflation was flat for a second consecutive month, adding to speculation the Federal Reserve may not change interest rates for the rest of the year. Producer prices excluding food and fuel were unchanged in … (0 comments)
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Greenspan Says 2-to-1 Chance U.S to Avoid Recession - 05/11/07 09:37 AM
By Shamim Adam
Former Federal Reserve chairman Alan Greenspan said he sees a 2-to-1 chance that the U.S. will avoid a recession even as the economy slows.
``At the moment, I still say as I said before, by algebraic implications, the odds are 2 to 1 we won't have a recession,'' Greenspan … (4 comments)
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Economy Is Clawing Back, but Not Much... - 05/11/07 09:32 AM
The worst of the economic slowdown has passed, private economists said in the latest WSJ.com forecasting survey. But they don't see any reason to expect a significant acceleration.
By a more than 5-to-1 margin, the economists said they believe the first quarter's 1.3% growth -- the weakest in four years -- marked … (0 comments)
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Get smart about business credit cards... - 05/08/07 03:28 PM
… (1 comments)
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REAL ESTATE....The BEST Industry There Is??? - 05/08/07 03:25 PM
… (2 comments)
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Foreclosure Filings Take Double-Digit Drop in April - 05/07/07 11:43 AM
Foreclosures filings dropped significantly across the country last month. Just under 100,000 pre-foreclosures and notices of pending foreclosure auctions were filed nationwide in April, down 14.3 percent from the almost 115,700 filings in the previous month, according to the latest numbers from ForeclosureS.com, a California-based real estate investment advisory firm and … (1 comments)
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REFERRALS ... The Key to our Business! - 05/03/07 09:46 AM
Networking MisconceptionsContrary to popular belief, you can network at any event, anywhere - provided you act professionally and honor the event. This is according to Dr. Ivan Misner, founder and chairman of BNI, a referral networking organization. In his book "Truth or Delusion," he tackles some common thoughts about networking and … (0 comments)
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