The Recap! - 11/26/08 07:20 AM
We finally have some good news to talk about! If your an avid reader of this blog you will recall that I made it known that the U.S. Government needed and wanted to help mortgage rates become "more attractive" (see blog dated 10/15/08). Well yesterday we finally saw "the hustle behind the muscle" with an unprecedented $800 billion dollar commitment to consumer borrowing costs.They (U.S. Govt.) created the Term Asset-Backed Securities Loan Facility (officially known as TALF). This entity (not operational until February 09) will purchase $100 billion in direct debt from Fannie Mae, Freddie Mac and the Federal Home Loan … (0 comments)

Typical Monday.....Another Bailout - 11/24/08 08:33 AM
Over the weekend the U.S. Government again opened its hand to another failing financial institution otherwise known as Citigroup. It received a $20 billion capital injection (on top of the $25 billion it has already received) plus a collaboration among the Treasury Department, Federal Reserve and Federal Insurance Deposit Corporation to absorb $306 billion in "troubled assets", although Citi is responsible for the first $29 billion in losses and possibly more.On another note GM said that the board is not opposed to considering Chapter 11 bankruptcy to help itself through the global credit crisis. Congress rejected the auto makers "begging" for … (0 comments)

More of the Same......Shockwaves! - 11/19/08 07:13 AM
What to talk about.....there is so much happening so fast that this post cannot keep up! Let's start with Treasury Secretary Paulson deciding that the $700B appropriated by the government for the specific use of "purchasing toxic assets from financial corporations" thus freeing up their capital to lend has essentially been thrown out the window! He stated yesterday that by the time TARP was approved and passed the global situation had deteriorated to such a degree that he believed the asset purchase program would not be effective enough. "Therefore we exercised the authority granted by Congress to develop and quickly deploy … (0 comments)

Shockwaves Keep Coming Part II - 11/17/08 08:22 AM
Well, I finally get one day out of the office (Friday) and what has changed....nothing! In fact this morning Citi announced it would cut 52,000 jobs in the very near term. Citi, who employs around 352,000 as of the end of September also said it would try and reduce expenses by 20% although I have to believe the job cuts will be where the blunt of that expenditure will lie.The bottom line in all of this economic windfall is we (you, I and the U.S. economy) are hurting! That may be the understatement of the year. Are we at the bottom, … (0 comments)

That's Right......Shockwaves Keep Coming - 11/12/08 09:09 AM
Where do I start we have already been in uncharted waters for quite some time. But it seems that simply isn't enough these days as history seems to happen every day! American Express is now operating under a bank charter so it can have access to the discount window operated and controlled by the Federal Government. Otherwise, god knows what would have happened to that company. Folks this is just the beginning when it comes to these huge credit card companies that seem to do everything imaginable to keep individuals and families in debt. When families stop paying their mortgage, guess … (1 comments)

Thank You - 11/10/08 08:23 AM
I wanted to take the time to thank some of our very loyal and valued business partners. Our business, industry and company model completely revolve around the realtor and the clients they refer to us. In a time when clients/buyers are hard to come by I feel extremely grateful that we have such loyal business partners/friends. We truly value your business and friendship and will continue to do everything possible to earn your referral. A special thanks to....1) Mikki & Karl Starmer: Re/Max Fulton / Fulton, Missouri2) Mike Hill: Weichert Realtors-First Tier / Columbia, Missouri3) Jason Thornhill: Weichert Realtors-First Tier / … (0 comments)

Tips in avoiding foreclosure - 11/05/08 08:21 AM
If you are facing problems making your mortgage payments there are options available to you. To help avoid losing your home to foreclosure the following highlight some important steps that you should take.1) Call your mortgage company right away to talk about your situation.- It's important to act quickly because if you fall further behind in your payment,there are fewer options to avoid foreclosure.2) Understand your options.- Repayment Plan: If you have missed some monthly payments, you may be ableto catch up by creating a schedule for repaying the past-due amount.- Advance (Home Saver Advance): If your mortgage company tells you … (0 comments)

Your Mortgage Loan....Be Prepared - 11/03/08 09:21 AM
We have touched on a lot of different topics on this blog but I recently thought of a topic that we have yet to address in detail. What should you be doing in order to prepare yourself for what lies ahead when applying for a mortgage loan? The following points will hopefully make the process easier to understand and help you index the items that you will need to consider.1) Know your credit score and what's on your credit: This should be the first item you look into when considering to apply for a mortgage loan. Are there any reporting errors, … (0 comments)

 

Shawn Von Talge

Columbia, MO

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Flat Branch Mortgage, Inc.

Address: 3610 Buttonwood Drive, Ste. 200, Columbia, MO, 65201

Office Phone: (573) 442-3850 x 205

Cell Phone: (573) 424-0162

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