ARCHIVED BLOG POSTS
2014
This is a reblog of Jon Kolsky's blog. Time to get a little spring in our step...you know that a spring is always one boing away from turning loose. Great time to wind up and move forward. I encourage you to order your free annual credit report. Three reasons: (1) refresh your memory of what...
03/24/2014
4 C's of Credit Risk Consideration--Part 5B--CREDIT HISTORY part B Credit information is compiled and retained in Credit Repositories. There may be other repositories, but the three major repositories provide almost all credit data found on mortgage credit reports: Equifax Uses ab...
03/23/2014
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BANKING AT THE PINK PANTHER In 1967, I was in the US Air Force, completing Tech School training at Chanute AFB in Rantoul, Illinois. Upon graduation, I returned to my home, north of Nashville. I married my sweetheart, and we honeymooned on our way to my new duty station: Seymour Johnson AF...
03/23/2014
4 C's of Credit Risk Consideration--Part 5--CREDIT HISTORY LET’S LOOK AT RISK EVALUATION THROUGH THE 4 C’s of Credit Consideration We have completed the first four installment of a six part series. This is the fifth installment. It covers the last of the 4 C’s of Credit Consideration...
03/22/2014
4 C’s OF CREDIT RISK Evaluation:COLLATERAL COLLATERAL is the third of the 4 C’s. Collateral refers to things of value which may be offered as assurance that a loan will be repaid. It may be liquid assets such as cash, stocks or bonds; it may be assets such as automobiles, ...
03/21/2014
THE 4C's of CREDIT EVALUATION, Part Three: CAPACITY LET’S LOOK AT RISK EVALUATION THROUGH THE 4 C’s of Credit Consideration We have completed the first two installments of a five part series. We discussed the Circumstances Beyond One’s Control and Compensating Factors in Part One to set a b...
03/20/2014
4 C’s of CREDIT RISK EVALUATION PART ONE: CHARACTER (first of the 4 C’s) Not something we purchase in a department store, nor do we get it via mail order. CHARACTER IS WHO WE ARE. Character is something we gain from the teaching and example of parents, teachers and ot...
03/19/2014
4 c's of CREDIT RISK VALUATION: Circumstances Beyond One's Control Good people can have bad credit, and they do: call it bad luck, misfortune, or setbacks—it results in derogatory information on the credit report and lower credit scores. This will need to be addressed prior to shopping for ...
03/18/2014
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IT IS THAT TIME AGAIN Tomorrow will get here an hour sooner than you like. Yes, its TIME to roll those clocks forward. Many people will drag into church services late. Why? "Forgot to reset my clock." And so goes the remainder of the day. While thinking about TIME, lets consider a few thin...
03/08/2014
Rainmaker
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Fred Cope
Looking For Homes With A Smile