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money: Bail out issue... - 12/03/08 01:27 PM
I was watching a special on WW1last night and it kind of triggered me to think about this whole financial mess were in...I am not an economist but I have definitely been paying attention.  What caught my eye specifically in the special about WW1was the type of economy Germany had after the first war when they were forced to pay6 back reparations to the Allied powers for the cost of the war.  Well the result was Germany did not have the funds so in order to comply they just printed money for the reparations and handed it over the the Allied powers...While … (0 comments)

money: Rates are going up... - 10/27/08 04:32 PM
FHA @ 7% today
30 YR Fixed just priced one out @ 6.75 and the credit was excellent
A little forwarning trying and warm your clients up to the idea that rates are going to get worse and will continue to for some unkown amount of time.  This idea of low rates spurring growth is way to late in the game to make a difference so the long postiton on rates is that once we realize growth will no longer be fueled by low rates, they will begin to rise as the market starts to stabilize the right way...Rewarding risk with return … (7 comments)

money: Hope for Home Owners...New way to bail out poeple who should not be bailed out! - 09/30/08 03:36 PM
HOPE FOR HOMEOWNERS1) Purpose- The purpose of the HOPE for Homeowners Program is--a) to create an FHA program, participation in which is voluntary on the part of homeowners and existing loan holders to insure refinanced loans for distressed borrowers to support long-term, sustainable homeownership;b) to allow homeowners to avoid foreclosure by reducing the principle balance outstanding, and interest rate charged, on their mortgages;c) to help stabilize and provide confidence in mortgage markets by bringing transparency to the value of assets based on mortgage assets;d) to target mortgage assistance under this section to homeowners for their principalresidence;` 2) Requirements of Insured Mortgages- … (4 comments)

money: A better solution than the bailout... - 09/30/08 03:23 PM
Hi Folks, I'm against the $85,000,000,000.00 bailout of AIG. Instead, I'm in favor of giving $85,000,000,000 to America in a WeDeserve It Dividend.To make the math simple, let's assume there are 200,000,000bonafide U.S. Citizens 18+.Our population is about 301,000,000 +/- counting every man,woman and child. So 200,000,000 might be a fair stab at adults 18 andup.. So divide 200 million adults 18+ into $85 billion that equals$425,000.00.My plan is to give $425,000 to every person 18+ as a WeDeserve It Dividend.Of course, it would NOT be tax free. So let's assume a taxrate of 30%.Every individual 18+ has to pay $127,500.00 … (1 comments)

money: Spell Checked Version - Sorry forgot to do it... - 09/30/08 12:24 PM
I believe that getting front of the financial crisis will only drag the Federal Government further into the red.  Historically the government is a reactive measure to combat private sector issues when the free market was unable to solve the problem.  I fear that this time we are only stepping out in front of a speeding train that is eventually going to wreck.  Accept this time the Federal Government is a passenger instead of a on looker of the financial tragedy.  The plan can stop the inevitable so just let it happen rather than delay it until the winter or early … (0 comments)

 

Nathan Goodman

Bozeman, MT

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Guild Mortgage Company

Address: 1925 N. 22nd Ave. Ste. 103, Bozeman, MT, 59715

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