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The good, the bad and the ugly of the pest world
ARCHIVED BLOG POSTS
2007
Good morning! It's an absolutely gorgeous day up here in the Pacific Northwest and I was thinking yesterday what a wonderful opportunity it is for consumers to buy a home right now.In Seattle, we've been largely immune from the real estate ills affecting other parts of our nation. Still, we cur...
10/28/2007
Just so all of you don't think I'm a downer I thought I'd share with you all the great reasons we do what we do.1) We get to work with great borrowers, realtors, title companies, appraisers, and escrow agents.2) We're allowed to build our business the way we see fit. Where else can we inject our...
10/26/2007
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Hello all: I read today that Countrywide has 19% of its loan portfolio in Pay Option ARM's set to adjust until 2011. This is in addition to the billions it owes, the thousands of real estate owned properties it owns, and the prospect of up to $2 billion in losses in the most recent reporting pe...
10/24/2007
Good morning: I was reading my local paper the Seattle Times (www.seattletimes.com) this morning and saw a national release that stated that mortgage originations would fall by 18% in 2008. The prediction was that the market wouldn't start to correct until 2009 at the earliest. I think they're...
10/17/2007
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A colleague and I recently were invited to my Church to give a presentation to twenty five seniors on the benefits of a reverse mortgage. The last statistics I saw indicated this is a $7 billion dollar business and, in my opinion, the numbers will greatly increase as our population continues to ...
10/11/2007
A friend of mine today told me about the "mortgage accelerator program" where a homeowner has a large line of credit to pay their bills as opposed to carrying a traditional mortgage. He asked me what I thought of this concept and my first thought was it sounded fishy. I commented to my friend, ...
10/10/2007
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Hello everyone: Last Friday, the newspapers in the Seattle, WA. area reported that the median sale price of a home decreased for the first time in years. Granted it was only $500 but this is significant in an area where we've generally been immune to what's going on around the rest of the natio...
10/08/2007
Good morning: The September jobs report showed a gain of 110,000 jobs nationally. That's great news coming on the heels of August's job report where there was a net 4,000 job loss. This means that mortgage rates may stay the same until the Federal Reserve decides what they want to do with the b...
10/05/2007
Rainmaker
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818,095
Paul McFadden
Pest Control, Seattle, WA.