a paper: "... know that I am here, backed by Countrywide" - 08/20/07 09:51 AM
That's how the email ends. The exact same email I have received over and over again, seemingly written by individual loan officers. In truth, it's a propaganda piece sent out by the corporate office straight to the front lines. The Loan Officers. They are supposed to cut and paste the … (9 comments)
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a paper: Feel the Pain - 08/08/07 09:13 AM
At first I was just going to let this slide off into obscurity. I can't.
On Friday, I watched Jim Cramer of CNBC have his own personal on camera meltdown. I'm not a big fan of Cramer, but I certainly can feel his pain.
Cramer was upset by the Fed's not paying attention … (17 comments)
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a paper: Please Fasten Your Seatbelts... - 08/07/07 12:09 PM
In the Wall St Journal today is an article, "Mortgage Fears Drive Up Rates On Jumbo Loans".
I want to draw your attention to the chart that's included. In particular, it shows the 10 Yr Treasury Bond Yield and both the Conforming and Jumbo Rates since last January.
Let me make this … (6 comments)
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a paper: Zillow LOVES Me! - 07/25/07 08:10 PM
Ok, so the truth may be closer to...
Zillow liked something I wrote and decided to feature it.
LINK
Diane Tuman wrote that,
"I spend a lot of time in the Real Estate Guide, editing content, organizing content, and “redirecting” spam when I see it. Lots of similarly-themed titles flow one after … (5 comments)
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a paper: Of Pools and Puddles... - 06/22/07 11:18 AM
Long term mortgages and the rates and terms they carry are determined by a couple of different factors.While many people mistakenly think the Fed's control mortgage rates they are in fact determined by Mortgage-backed securities (M.B.S.).M.B.S.'s are created by pooling loans and selling bonds with coupons based on the mortgage … (0 comments)
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a paper: Neg Am Disclosures - a little too late? - 06/20/07 03:11 PM
I read an article the other day and was struck by the following quote.
"The Federal Reserve Board is considering potential revisions to Reg Z, including: (a) simplifying and clarifying Regulation Z's adjustable rate mortgage disclosures, to make them easier for consumers to understand and use; (b) requiring a "worst-case" payment … (3 comments)
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a paper: Floors & Ceilings - 05/21/07 06:25 PM
I wanted to show an interesting chart as of today.If you are familiar with stocks and stock charts you know that the prices of those stocks tend to fluctuate between specific ranges.Over a period of time it is easy to see what traders call a Floor or a Ceiling.For a stock … (0 comments)
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a paper: The Foreclosure Crunch - 05/07/07 10:14 AM
This is part Three in a Four part series of articles detailing the changing mortgage market.The Foreclosure CrunchThe Foreclosure Crunch is closely related to the LTV Crunch.In fact, both crunches fuel on each other.I would suggest you first read the LTV Crunch before you dive into this easy concept.Now where to … (2 comments)
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a paper: The Credit Crunch - 05/01/07 03:50 PM
You may hear from time to time about the Transparency of Real Estate.There are people and companies marketing this term daily.It refers to the general idea of the borrower or clients ability to see and know what is happening "behind the scenes".I'm all for that!In the broader sense, I like … (3 comments)
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a paper: Commercial is Different - 03/19/07 10:14 AM
My main project today is to get to started on a 6 Unit Complex refinance. (Obviously this isn't the property)This is a new client. We met and discussed ideas last week and very late on Friday she bought in the paperwork I requested.Since she is a new client, I'm starting from … (7 comments)
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a paper: Volatility Kills - 03/05/07 10:42 AM
Volatility.In Chem class we learned volatility was about how fast something went from liquid to vapor."The higher the volatility the faster our beaker of blue stuff evaporated."I know that because that's exactly what Susie D. (my lab partner) wrote down for Problem 17 on the big test.
And that's exactly what I … (2 comments)
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a paper: The Lead Gen Biz - Part One - 02/13/07 07:11 AM
So I caught a little flak over my explanation of the LTree and it's business model.LINKNo biggee.If I get this right, I am the "Flak-er", and they would be the "Flak-ees".The Flak-ees reactions ranged from the standard issue knee jerk "Duh", to eye opening wild disbelief.Let's do this in two parts:
Part … (8 comments)
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a paper: FOMC Meeting today and tomorrow - 01/30/07 10:12 AM
As you may know, the Fed's are meeting today.It's a two day meeting, where they'll announce tomorrow.The statement will be released at 11:15 Pacific time.So there's a pause in the markets today.We've seen the 10 yr. react in a general upwards direction.It opened this morning at 4.87%It's still a matter of … (0 comments)
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