dave woodson: Communication is the Lubrication in every well run Organization
- 07/18/08 04:01 AM
“Communication is the Lubrication in every well run Organization"
I think that statement is the most important thing I have read this week. I have been going through rough and tumble times here in the month of July, and my one constant has been the ability for me to communicate with my associates, my Realtor referral partners, my friends and my radio audience what is going on in the mortgage world.
I heard talk of the failure of Fannie and Freddie and other companies. How some people are comparing this to this 1930’s with runs on banks to pull … (2 comments)
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dave woodson: 300th blog - WOW
- 07/14/08 09:32 AM
I guess I could not have picked a better day to do my 300th blog.
The bond market is way up over 62 bps and we have had a couple reprices for the better. So, I am floating almost all of my loans today. Here is a short clip from my videocast.
The Fannie and Freddie has me a little freaked out. I will not voice my opinion on it quite yet until I get a little more reading done on it, but I am sure the FED and the Tresuary will not let them fall it would be instant … (5 comments)
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dave woodson: Mad Mortgage Machine Podcast
- 07/12/08 04:02 AM
I am Dave Woodson with Indigo Financial Group and I am the Mad Mortgage Machine.
You can listen to me weekly show on WIMS-am 1420 every Saturday morning at 10:30am cst or you can listen online at WIMSRadio.com or you can download my shows here. This week I talk about short sales, credit reports and short sales. I ask a trivia question for a prize.
I am looking for some constructive crisicsm. I know this week I was really really off. I was dealing with a head wound after a tumble off of my friends back deck and … (3 comments)
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dave woodson: Not as young as I used to be...I am Lucky
- 07/10/08 04:34 PM
In my life, I have been hit by a car, been hit by an all-American guard, fell 18 feet on my back, played rugby, football without pads, and fell off not one but two cars hood surfing (think teen wolf).
Last night, I was at a friends house to grab my computer that we has fixing for me. As I was leaving completely sober, by the way, I took one misstep and I went tumbling head over heals over the his handrail. I clanked my head off of the pavement as I was trying to protect my external hard drive, … (1 comments)
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dave woodson: New Rules = Bad Ideas and Higher Rates
- 07/09/08 02:53 AM
New Rules = Bad Ideas and Higher Rates
Amy Le wrote a blog this morning and I just wanted to expand my answers a little on my own blog. you can read her blog here.
The new rules Under the proposal unveiled last December, the rules would:
Restrict lenders from penalizing risky borrowers who pay loans off early Bad Idea: The Pre-Payment Penalty, I disagree with a 2 year ARM with a 3 year PPP. I avoided this scenario at all costs. That just sounded like an opportunity for gouging to me, but a 2 year ARM and 2 … (2 comments)
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dave woodson: Welcome Home
- 07/05/08 03:11 PM
Isn"t vacation wonderful, bit isn't being home that much better.
I just had a had a great week in Kentucky along Lake Cumberland with family, enjoying two family reunions, and spending time with my wife and lovely daugther. We same, laid out by the pool, had some great down home cooking and tall tales from aunts and uncles alike.
But...
It is great to be home. We cut everything a day short to drive home and rest at home before hitting the office on Monday. It is great to have a team at the office that took care of my loans … (1 comments)
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dave woodson: Mad Mortgage Machine Show #2
- 07/04/08 06:06 AM
I have lost my notes, I really cannot remember what I talked about this week. Since, I recorded the show early this week. I know I answered a question from a "Jane Doe" on a possible foreclosure of her home. I will figure out when I back from vacation on how to post the podcast here in the meantime you can go to wimsradio and you can listen to this week's show or download last weeks show as well.
I am still looking for some sponsors of the show. I will be hitting some local businesses for sponsorship opportunities that … (0 comments)
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dave woodson: Have a Happy Fourth
- 07/04/08 05:39 AM
I am sitting here in the rain in Kentucky at my families reunion. We have been meeting here since 1982. We will have nearly 100 direct descendants of John and Grace Woodson attending the dinner this afternoon. They had 11 children and from there things got crazy. I have more cousins than I can count and lets not get into their children or even their children's children. I am one of the youngest cousins and I will be forty next year.
We do this every two years and our plans are to keep doing for years to come.
I wish more … (2 comments)
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dave woodson: Mad Mortgage Machine Radio Show - Tune in tomorrow
- 06/27/08 05:54 AM
Tune in tomorrow, Saturday June 28th at 10:30am CST or 1130am EST for the “Mad Mortgage Machine” radio show.
This week, I will be answering a question that I received out of Highland, IN from a first time home buyer and her frustration with banks and other lending institutions.
I, also, lay out my ideas and goals for the show and the direction that I want it to go. This is not designed to be a 30-minute commercial for just me or Indigo Financial Group or even my referral partners.
But, I truly want the listener to walk … (4 comments)
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dave woodson: Just got done
- 06/25/08 04:29 PM
I just got done doing my first ever radio show by myself for the "Mad Mortgage Machine" It was exhausting. I started and restarted a dozen times. I hate the way I sounded, did I repeat myself, did I say that twice or should I just scrap this whole thing.
I will post it as soon as it goes through prodcution. I hate recording anything. I am better shooting from the hip and feeling the pressure of doing a life show. The postcast will be available sometime Saturday afternoon and I am working on show #2 as we speak getting ready … (3 comments)
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dave woodson: New Home Sales
- 06/25/08 02:51 AM
Good news today. New home sales came in as expected. Hey, we are not down for the month. We are pulling ourselves out of this hole that we find ourselves in. I have been seeing more action on the phones and closings. I am getting some great attention for my website.
I was on the new show today for the Mad Mortgage Machine. I will be back on this evening at 5ish on WIMS-am 1420 and the weekly show will hit this weekend. I am headed out to some local Realtor shops in the area to drop off some great … (2 comments)
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dave woodson: Countryside Church - LaPorte County's Largest Church
- 06/22/08 05:23 AM
I have never hidden the fact that I am Christian. I will tell you now that I am not perfect. So, if you expect me to be perfect, I am not, but if it had not been for this church. I am not sure where I would be. I had lived in Northern Illinois for 3 years after college and I was less than perfect. When I made the decsion to move back to Indiana. I made up my mind to attend Coutryside Church,
It is similiar to Willowcreek in Barrington, Il., but very much has its own identity. It has … (3 comments)
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dave woodson: FHA vs. The Flipper
- 06/20/08 09:42 AM
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 year.
Granted, you will still have to prove the worth of your "flipped" home, but if it there it is good to go. I am not sure how much flipping is still going on. I know I have read more than a few blogs and posts on forums that … (2 comments)
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dave woodson: Big Anouncement - Mad Mortgage Machine and WIMS-AM 1420
- 06/19/08 01:07 AM
"Give me a stock clerk with a goal and I'll give you a man who will make history."James Cash Penney (1875-1971)Founder of J.C. Penney stores
I was going to wait till next week to do this but it was let out of the bag this morning on the air.
I will be joining the on-air staff of WIMS 1420 as the Mortgage, Investment and Real Estate Expert. My first show will be on June 28th @ 10:30am and it will be featured as a podcast on the Mad Mortgage Machine. I will be featuring both local and national guests. I am going … (1 comments)
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dave woodson: Breaking Through Hurdles
- 06/18/08 01:07 AM
"You have to find something that you love enough to be able to take risks, jump over the hurdles and break through the brick walls that are always going to be placed in front of you."George Lucas (1944 - )Creator of the epic "Star Wars" series
This has been one of those weeks, I feel like I am hitting hurdle after hurdle in my business this week. You want to know the good news. I am breaking through them. Yeah, I am. If anyone has ever run track you wold notice that the hurdles that are there are very brittle and … (2 comments)
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dave woodson: A Whooping this week
- 06/14/08 03:27 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.
It was nice to see the Saudis come out and say that they this oil is too expensive. Really, a little late there guys. BiG Ben is doing all that he can to help stave off inflation, but he can only do so much.
I still have some great news … (0 comments)
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dave woodson: Planned Obsolescence – “designed for the dump”
- 06/13/08 12:43 AM
Planned Obsolescence - "designed for the dump"
Are you tired of things breaking down? Are you tired of having to replace things? Did you know that they are designed to break or not last as long as they could, and that there is a whole economic theory behind it? That if we have to replace the items that break down or just wear down then we will have to consume more therefore keep more people in jobs and help our economy grow.
But, darn, it is just so irritating to expect something to work and when you grab it and try … (1 comments)
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dave woodson: Home Buyer Seminar - June 10th @ 630pm
- 06/07/08 04:29 AM
Education has always been my mainstay here in this industry and it is more important now more than ever. I was holding monthly seminars, but got side tracked a little, but I am reviving them and they will always be on the 2nd Tuesday each and every month. We have a great facility here at Indigo Financial Groupwith access to some of the leading industry experts in Mortgages, Credit and Real Estate.
This Tuesday and every second Tuesday of the month, I will be conducting my Home Buyer Seminar at my conference center in my my office located at 705 Franklin … (1 comments)
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dave woodson: D-Day - MMM Style
- 06/06/08 03:03 AM
"There ain't no rules around here. We're trying to accomplish something."Thomas Edison (1847-1931)Inventor and businessman
Well, the above is not true in a sense. We do have rules that we must abide by, but we are accomplishing many great things in the Northwest Indiana Real Estate Market. We are approving a record number of loans as we are not afraid to go out on the limb to get things done.
The bonds opened very low this morning have erased all of those losses as when the Labor Department announced that unemployment was at its worst level since October 2004. But, do not be lulled asleep … (0 comments)
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dave woodson: Sunsine, shining on me now
- 06/05/08 04:42 AM
"A problem is a chance for you to do your best."Duke Ellington (1899-1974)Composer, jazz musician
Well, the FNMA 5.5 bond fell through the 200 day moving average floor of support and bounced off the next floor of support. We are still down, but not down enough to warrant a lock her, since the Jobs Report has already came out.
With the jobs report being better than expected, oil still doing some retreating and Wal-Mart coming out with some great sales numbers. We still have a strong and growing economy, homes are still being sold and now is the time more than … (0 comments)
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