northwest indiana mortgage: FHA vs. The Flipper - 06/20/08 04:42 PM
Well, we had some good news this week from FHA and HUD concering the relaxed guidelines concerning Flippep properties. You would have to wait 90 days after you bought the property to let someone with FHA financing to buy your home. Well, good news, that is gone for at least one … (2 comments)
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northwest indiana mortgage: A Whooping this week - 06/14/08 10:27 AM
Well, we took some serious hits this week in the bond market. We have switched our focus from the FNMA 5.5 Bond to the FNMA 6.0 Bond that really is how much we fell this week. the talk about inflation and oil has hurt both the stock and the bond market.
… (0 comments)
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northwest indiana mortgage: I finally have been super Me-Me'd - The Big 8 - 06/03/08 11:06 PM
Well, it finally happened - the Super 8 Me-Me
Who is your favorite musical artist? I have two - Johnny Cash, I cried the day he died, and Tom Petty is the other one.
Who is your favorite artist? Gosh, I have never really been known as an art guy. So, really, … (0 comments)
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northwest indiana mortgage: Rates, Homes, and Automobiles - 06/03/08 06:58 PM
I am working a killer post for later this week to show what nonsense this foreclosure mess is. Oh, don't me wrong it is a mess, but there is a level of whatever behind it all, and if you do not buy now or at least soon, You are going to … (0 comments)
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northwest indiana mortgage: Another one, Another one, Another one bites the dust - 06/02/08 11:49 AM
Wachovia ousts CEO for a dismal year laying the blame on his for their sub-prime woes. The board of directors fired CEO Ken Thompson for a string of loses and bad decsions to buy a home lender at the height of the housing boom. I guess we all make bad decisions to … (0 comments)
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northwest indiana mortgage: Rocky and the Bonds - 05/30/08 02:43 PM
I am sure that we all have seen Rocky. You know the movies with Stallone. Where the main character is a flawed but very human guy that boxes. In the movies, he gives a beating, takes a beating then comes back to win.
Well, welcome to the mortgage backed bond market this … (2 comments)
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northwest indiana mortgage: The Sky is Falling - 05/29/08 12:55 PM
If you have not been paying attention the mortgage backed bonds. You are going to be in for a rude awakening this is no time to have clients on the fence. We have fallen beneath the floor of support of the 200 day moving average. Bonds have failed to rally and … (1 comments)
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northwest indiana mortgage: Comfort Zone - 05/28/08 10:04 PM
"I only want people around me who can do the impossible."Elizabeth Arden (1878-1966)Canadian businesswoman, style mogul
I do not have time for people who spend all their time in the Comfort Zone, if all we ever did was be in our Zone. We would still be living in our parents basement. I … (2 comments)
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northwest indiana mortgage: Solutions... - 05/27/08 04:32 PM
"Don't find fault, find a remedy."Henry Ford (1863-1947) Founder of the Ford Motor Company
I once knew a guy that boastfully claimed that he could find fault in anything. Notice, that I said "once". I could not be friends with him anymore. Nothing was ever good enough. I have had employees … (3 comments)
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northwest indiana mortgage: ID Theft: Who can you trust? - 05/26/08 11:40 AM
I had been sitting on this type of blog for sometime, but here recently this subject has been weighing on me. I have always taken steps to protect my clients privacy. Several years ago, we hired a private company from Valparaiso (that was recently featured on ABC 7 in Chicago) to come in and shred all of … (2 comments)
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northwest indiana mortgage: Powerful Marketing Words Part 1 - 05/24/08 10:35 PM
According to the WSJonline.com Podcast here are the words that are powerful marketing words. I have written several blogs on the power of my iPod and the education that I get from it. I hardly ever mindlessly listen to my radio anymore unless I just want to unplug and not think … (4 comments)
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northwest indiana mortgage: Mad Mortgage Machine Week Recap - 05/24/08 09:25 PM
The 5.5% FNMA bond gained 16bp to close at
$100.34. The stock market continue to struggle that higher oil prices may
continue as demand may be out growing supplies and production. Oil closed higher
at the end of the day over $132 per barrel, and gas here in
Northwest Indiana … (0 comments)
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northwest indiana mortgage: The Power of a BCC: - 05/24/08 08:50 PM
I do a weekly Mortgage Market Recap and What's Ahed for the Week, and I email it to roughly 600 Agents and Brokers across Northwest Indiana Real Estatelandscape. I blind copy everyone on the list. So, no one knows who else is getting it. I think it is courtesy to everyone … (2 comments)
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northwest indiana mortgage: Bonds higher, Stocks lower and Thank you - 05/23/08 10:18 AM
The economy is showing more signs of recession as high energy and gas costs are hitting the consumer. Oil is trading at $132 after hitting $135 a barrel yesterday. Stocks open lower and mortgage bonds are trading higher this morning in a shortened session - the market will close a t 2:00pm ET today.
I want to take this … (1 comments)
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northwest indiana mortgage: LifeLock ID Protection Fails - 05/22/08 08:53 AM
WE all have seen the commercial where the guy offers up his own social security number to would be ID thieves. Well, they won. In a story posted on Yahoo this morning, the CEO acknowledges 87 attepts on his social security and 1 guy getting away with it. His excuse is … (5 comments)
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northwest indiana mortgage: The Farmer's Market - 05/18/08 06:25 PM
Michigan City had a lot to offer on the weekends. I used to be one of those people that would whine and moan that there was nothing to do on the weekends here in Michigan City. Oh sure, we got the beach, but the water is pretty cold, and have you ever … (0 comments)
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northwest indiana mortgage: Housing Starts and Bonds - Oh my - 05/16/08 10:47 AM
Housing starts and building permits come in better than expected. A l;ot of the starts were for apartment complexs, and new home starts were still lower for the month of April, but this could really be the turn around we were looking for.
Mortgage Bonds opened lower but have ganined a little since. … (2 comments)
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northwest indiana mortgage: We Mock - 05/13/08 03:10 PM
What we don't understand.
I just got a call from one of my "no downpayment" signs. Yes, I can still do No Downpayment and they are not the fast track into foreclosure. It is a viable tool to help people who want to buy a house with little or no money … (9 comments)
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northwest indiana mortgage: Making the sausage - 05/13/08 10:00 AM
"Do or do not. There is no try."YodaJedi master, from the "Star Wars" series
Core Retail Sales has come in much better than what was expected, and the mortgage backed bonds drop on the news. Stock futures are going from negative up to positive levels. Gas and Oil are remaining quiet. I hate think of the … (0 comments)
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northwest indiana mortgage: The Bank vs. ME - 05/11/08 06:37 PM
I worked with this couple for 6 months helping them clean up their credit and get their life back in check and we closed on their loan last Thursday. She has sent me several emails thanking God and Heaven for sending me. Do you know what the local bank did? Told … (0 comments)
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northwest indiana mortgage: What Do You Listen to... - 05/09/08 09:35 PM
I have been toying with the idea of video. So, I made my first one this week and I spend my first hour of the day deleting the bad scenes.
I want to coach and be a motivational speaker someday. I love to teach and educate my first time home buyers. I hold … (5 comments)
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northwest indiana mortgage: Mad Mortgage Machine Minute - Cinco de Mayo - 05/05/08 08:42 AM
Microsoft pulled back it's offer for Yahoo and of course Yahoo stock is retreating. The mortgage backed bonds are opening higher already up 19bps points from the time that I did the morning video.
It was a great weekend, I noticed that there are a lot more open houses in … (0 comments)
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northwest indiana mortgage: The Power of Your Score - 04/30/08 11:45 AM
Yesterday was a great day for me. I was able to buy the wife a new car. She is the exact opposite of me. I like a new car every couple of years and she drove her Explorer for 8 years. I hate to lease and no one has ever been … (5 comments)
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northwest indiana mortgage: Mad Mortgage Machine: WIR & upcoming economic events - 04/26/08 09:16 PM
Week in Review: We had a heck of a week in bonds, we got 3 or 4 repricing alerts for the worse, but they ended the week unchanged or up slightly. That has been our week in the mortgage bond market.
After last week's relatively slow economic news, somethings will heat … (1 comments)
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northwest indiana mortgage: Strange place to blog - 04/22/08 11:12 PM
I am here in Portage, just got done with my average guy radio show. I am meeting friends at a local mainstream pub. I just got the calls that both friends are going to be late. My luck. So, I jetted out to the truck and grabbed the laptop and now I … (4 comments)
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northwest indiana mortgage: Google and the Mortgage Backed Securities - 04/18/08 11:13 AM
Wow, Google is heating up the market jumping $80/share on reports that earnings are up 31% in the first quarter. Citigroup is up after reporting a loss that could have been worse. There are several more that up and stock futures soar this morning and that puts pressure on mortgage … (0 comments)
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northwest indiana mortgage: Inflation and Earnings - 04/15/08 10:01 AM
With good earnings news and a higher inflation report means stocks start the day on the upside and bonds get pushed lower this morning. Obviously, if you know anything about the relationship between rates and bonds you know we are going to have some worse pricing coming out here soon.
Oil has … (2 comments)
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northwest indiana mortgage: Advantages of My BlackBerry and how I use it - 04/12/08 08:37 PM
8703eTM by BlackBerry®
As Sprint says, Everything you need, faster!
Highlights:
GPS Enabled- this is great for google map
Broad-band speeds where available- here in NW Indiana, that covers about everything but the City of LaPorte area. I can plug my phone in my laptop and use it as PAM(phone as a modem). It … (7 comments)
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northwest indiana mortgage: 5 Common Myths About Your Credit - 02/21/08 03:07 PM
5 Common Myths About Your Credit
Credit Myth #1: Checking your own credit can lower your credit score. This is probably one of the most common credit myths out there. When you or someone else accesses your credit file, it is referred to as an inquiry. Your own requests for your credit report, … (4 comments)
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northwest indiana mortgage: "Your Credit is Unique Like Your Fingerprint and Hard to Read Without Expert Help" - 02/20/08 01:26 PM
"Your Credit is Unique Like Your Fingerprint and Hard to Read Without Expert Help"
One thing you should know about credit is that your credit is unique -- much like a finger print. It takes a competitant credit professional to analyze and optimize. That's one thing that sets me apart and can work to … (0 comments)
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