mortgag: Forced to Listen!!!
- 09/30/08 02:08 AM
If the elections weren't so close the bailout would have passed. There's little doubt in my mind. Fortune reports that calls to Congressional offices are running overwhelmingly against the bailout plan. Because of the upcoming elections our elected reperesentatives were; Forced to Listen! That's if they would like to continue to be our representatives. I was especially entertained by the whinning of Barney Frank. That would be the Chairman of the House Financial Services Committee. Congressman Frank has bailed us out previously twice that I can recall. We have FHA secure, a plan that didn't/doesn't work, and our new improved FHA bailout … (9 comments)
mortgag: Hey Sec Paulson, WHO'S gettin the Dough???
- 09/28/08 03:52 AM
Okay, you've gotta know. You hopefully didn't just pull this number, 700 Bil, out of thin air, or did you? So who gets what? How about a little breakdown. Let's just start with the top 5. You know, like 5 Bil to ______? 25 Bil to _______? Share this info with us please. We'd like to see if any of this is payback for previous loyalties or favors. You know a little somethin before you and Georgie leave office. So give us a breakdown, okay. Because, well because; It's OUR $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ By the way, I pity the poor sucker, I mean candidate, … (7 comments)
mortgag: The Federal Reserve, Our New Subprime Lender!
- 09/27/08 02:05 PM
Okay, you've got a customer who needs a loan BIG TIME! I mean that they're on their last leg. They've made some really, really bad financial decisions, so they won't qualify for a loan through conventional/traditional sources. They're defaulting or soon will be defaulting on their financial responsibilities. It's questionable as to if they have the capacity to repay the loan. So they accept a loan which is priced 8 points above the 3 month Libor. Doesn't that look like a subprime rate? Actually doesn't the borrower look like a subprime borrower? Meet their lender, The Fed, or maybe it's the … (4 comments)
mortgag: What Happened to the American ATTITUDE(S)!!!
- 08/20/08 01:37 AM
Okay, so I'm reading the latest CNNMoney.com article about Fannie & Freddie and all of this negative stuff is starting to get on my nerves. Let's see if this makes an sense to you. I am an American with an ATTITUDE! I believe that there are not any problems that exist in our country today that we cannot solve. I base this on the fact that we have a history of solving any/all problems which confront us. Recently one of our leaders called the country a bunch of whiners. The problem is that there was way too much truth to this. The … (1 comments)
mortgag: Freddie's Woe's Overstated!
- 08/06/08 03:29 AM
Okay Freddie slashed it's dividend 80% or more. GOOD MOVE! They shouldn't be paying a dividend at this time. In the big picture the dividend cut is prudent behavior. The cut should produce an annual savings of $500 million. Net interest income "soared," CNNMoney.com reported, to $1.5 billion from $793 million. That's a good thing! Here's a revelation for you, Freddie Mac is involved in the mortgage lending business and will continue to experience adjustments and losses due to foreclosures at least for the foreseeable future. Isn't that an insightful piece of information. BUT, Freddie will not fail, won't happen, not now, … (6 comments)
mortgag: Things are happening in Southwest Florida!
- 06/24/08 12:55 PM
I don't care about the doom and gloom being perpetuated in the national media, cause I've got to tell ya; Things are really happening in Southwest Florida! No bout a dout it! We've got first time homebuyers; They're baaaaaaaack! and they're extremely happy, you've got to see the smiles at the closing table, it's very cool. We've got buyers calling from all over the good olde USA! They're smiling too! We've got buyers, literally from all over the world. Yup, more smiles! The bus driver, Jay Lagace of C21 (my active rain sponsor), might have trouble totalling up his sales … (6 comments)
mortgag: Applying Pressure or CRYING OUT FOR HELP!
- 01/30/08 01:08 AM
Recently CNNMoney.com's editor Paul R. La Monica wrote an article stating that it was time for Chairman Bernanke to "Man Up." The article's content centered around the premiss that the chairman was not tough enough and was giving in to market pressures to lower rates, and provide more, easier, and less expensive money. At the time I also had been wondering the same, but I'm always curious about; What does he know, Chairman Bernanke that is, that we don't? Well here's some fresh data that will have many saying, I told you so! Headline; Economy much weaker than expected: Gross Domestic Product slows to 0.6% growth rate … (4 comments)
If the elections weren't so close the bailout would have passed. There's little doubt in my mind. 
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