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What's wrong with me? I'm just not angry with anyone.

By
Mortgage and Lending with Christensen Financial Mortgage 385907

Caution! This is not a rant. Well maybe a reverse rant, if you know what I mean. A rant according to Webster's is talking wildly, I do do that sometimes, I guess, after all I'm an excitable boy, when properly motivated. Angry is defined as being enraged. Maybe I am angry, and just don't know it.

For example I saw a post about the predictions of NAR economist, Lawrence Yun. Apparently he's not real good at predictions, or at least not lately, and I can understand that many Realtors believe it's not in their best interests to follow NAR'S lead and paint to rosy a picture, especially based on Yun's opinions. I have an option for you.

Just ignore him.

Beware though, what happens if he turns out to be right?

I think the Banks and the banking industry, in general, act mighty peculiar. We all know or many of us feel that they just flat out don't care about their clients/customers. But that goes on in many industry's including ours. But the Banks are the worst you may say, and I will agree, particuarly at this time. BUT, they are not going to change their behavior, and I'm not sure we will be able to make them. So, I have an option for you. Yep,

Just ignore them!

Those new lending guidelines are just killing my buyers. When are the mortgage lenders going to lighten up? Not soon, I'm afraid. Fannie's about to release their new approval engine and the total back end ratio will be 45%, 50% with compensating factors, whatever those are? There, that one hits me right in the kisser! I can't change this though, and I'm not sure that I don't agree with the change. Actually I do agree, even though buyers will qualify for less, and not be able to stretch as far as they use to. That didn't seem to work that well anyways. I do have an option for you. Nope, it's not ignore it.

Live with it!

I've found that I don't work as well when I'm all fired up over something that I find irritating. I also don't believe I do my best work serving my clients when I'm all lathered up over an issue that's annoying me.

So, what's wrong with me? There's plenty of things going on in today's market which are extremely annoying, but right now;

I'm just not angry with anyone! 

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Jay....when qualifying ratios were 28/36 we did not go through this mess.....you either qualified or you didn't.....but if you did qualify then and did not refinance to the max, you probably still own your house!!!  not everyone should be a homeowner....great job, Bill Clinton.

Nov 22, 2009 11:28 PM
Anne Hensel
South Beaches Real Estate Professionals - Saint Petersburg, FL
Realtor - Broker - St. Pete Beach, Treasure Island

I hear you and I have adopted the same attitude. With all the things going on I would be angry all he time and that is just a huge waste of energy.

Nov 22, 2009 11:43 PM
Jay Beckingham
Christensen Financial Mortgage - Port St Lucie, FL
Seniors ROCK!

Barbara,

Amen to that! do you remeber the first ARM's 25/33, no exceptions.

Anne,

now isn't that the truth, but do you think there's anyone out there that read the post and is still grumbling about all that's wrong. maybe making a list

jay

Nov 22, 2009 11:51 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

yes, I certainly do remember those ratios and we put plenty of deals together with them.

Nov 23, 2009 03:06 AM
Aaron Vaughn 830-358-0455
Conifer Builders LLC - Canyon Lake, TX

You really need to work on that. Being angry with somebody is how most people get through the day. And how can you truly appreciate the quiet times if you don't have a little consternation during the day?

Nov 23, 2009 03:44 AM
Jay Beckingham
Christensen Financial Mortgage - Port St Lucie, FL
Seniors ROCK!

Barbara,

and i'm willing to bet that the homeowners could actually afford the homes. what a concept.

Kyle,

i hope it's not how most of the people get through the day. after being stented i don't have any problems enjoying the quiet times.

jay

Nov 23, 2009 04:50 AM