Jason Sardi, an intelligent, many times off the wall, never boring, always thought provoking, loan officer in PA got an very interesting explanation of derivatives, just what I know everyone talks about round the dinner table. Take a moment and see where we may have gone wrong on this transaction
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10/13/2008
I have a simple question today. Do you know the difference between a pigeon and a stock broker? The difference is that pigeons can still make a deposit on a new Mercedes. I kind of guess that maybe loan officers and Realtors may be in close to the same category but truth to tell, I
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10/13/2008
Lenn has a lot to say about the mortgage mess and very good information along the way. I suggest you check out what Lenn says here. The discussion following her original post is also excellent. You can read it here: http://activerain.com/blogsview/729270/LENN-HAD-AN-EPIPHANY Via Lenn Harley:
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10/13/2008
OK, I am going to make some assumptions as to what may happen in relation to the Hope for Homeowners (H4H) vs. a negotiated adjustment in a current mortgage. For this exercise, let's assume the following: •1. Home was purchased in October 2006 on a 2 year ARM •2. Price of home was $20
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10/13/2008
HUD had delivered the basic brushstrokes for the new Hope for Homeowners program that came into effect Oct. 1 with the Housing Bill of 2008. Interestingly, apparently there is no list of lenders available yet as to who will be doing these loans. However, the following is very interesting: List of
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10/12/2008
"If you had purchased $1,000 of shares in Delta Airlines one year ago, you will have $49 today. If you had purchased $1,000 of shares in AIG one year ago, you will have $33 today. If you had purchased $1,000 of shares in Lehman Brothers one year ago, you will have $0 today. "But, if you had pur
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10/11/2008
Any of you that have been reading my blog posts in the past, know that I am pretty eclectic in my taste in food. If you have met me, you probably can figure out that I like to eat. There may be those that are surprised that one of my favorite things to eat is raw fish, but not just any raw fish.
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10/11/2008
I have just heard that there has been a great interest in stock of Serta, Seely and Englander. Apparently people are taking their money out of the stock market and looking for a safe place to put it. At the top of their list, mattresses. Well, I guess it is better than setting fire to it. Who w
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10/10/2008
Investment tips for 2008 With all the turmoil in the market today and the collapse of Lehman Bros and Acquisition of Merrill Lynch by Bank of America this might be some good advice. For all of you with any money left, be aware of the next expected mergers so that you can get in on the
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10/09/2008
If you don't here it is: The VIX index, also called the fear index, is the market volatility index. A reading of 20 or below is a very complacent market and things are in pretty good shape, overall. A reading of 30 is a very volatile market as a result of investor fear or uncertainty and there is
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10/08/2008
