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treasury department: Oh I’m Outraged Over the AIG Bonuses—But Not Over Them Being Paid - 03/22/09 01:09 PM
As the news this week unfolded over the retention bonuses being paid to AIG executives I found myself becoming increasingly outraged. My outrage however, has not been directed over the bonuses being paid. This post is not about the merits of paying the bonuses.
 
No, rather my outrage is over:
The government has known about these bonuses all along This week, they have lied through their teeth about not knowing That Congress would seek an unconstitutional measure to correct their incompetence   
The Bonuses Were Known
 
There is no way I believe the powers that be did not know … (14 comments)

treasury department: Homeowner Affordability And Stability Plan—Part 2—Stability - 02/22/09 12:53 PM
This week President Obama announced the Homeowner Affordability and Stability Plan. You can view a summary of this plan on the White House web site. Additional details are to be forthcoming on March 4th.
 
The three legs of this plan are:
Refinancing for up to 4 to 5 million responsible homeowners to make their mortgages more affordable A $75 billion homeowner initiative to reach up to 3 to 4 million at-risk homeowners Supporting low mortgage rates by strengthening confidence in Fannie and Freddie Mac  
Earlier I wrote a blog on the 1st leg, refinancing. Now I would like to … (4 comments)

treasury department: What The Fed Is The Treasury Department Doing? - 01/19/09 09:32 AM
Since December 2008 the Federal Reserve and the Treasury Department have been purchasing Mortgage Backed Securities on the secondary market. This has served to push mortgage interest rates down to historically low levels.
 
Why have they been doing this? What I’m about to say is strictly my musing. This is based on sheer speculation. I have no proof. Just my opinion, if you will.
 
To put this in context we need to look back to the September-October 2008 timeframe. You remember, about the time we suffered a near financial collapse.
 
There is an accounting principle called “mark … (11 comments)

 

Jay Williams, Mortgage Loan Officer Getting You The Right Loan

Greenville, NC

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Greenville, NC

Address: 218 E. Arlington Blvd, Greenville, NC, 27858

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