mortgage: Say Cheese - A Snapshot of Where We Are Today
- 10/21/09 07:00 AM
We've all read plenty of articles discussing where we were, what happened and who is to blame. Every pundit has predictions as to where we are going and when we will get there. But as Stephen Covey, Tony Robbins and the rest of the "life lessons" crew would say, we must live in, and understand, the present. Here is a snapshot of where we are today. Deficit The U.S. government ended its 2009 fiscal year with a deficit of $1.4 trillion according to the Congressional Budget Office. This is the largest since 1945. FHA FHA volume has soared over … (0 comments)
mortgage: Lights Camera Action
- 06/26/09 01:35 AM
We all have been working very hard. We all have been dealing with an unprecedented economy. We all have been reading negative news stories. We all have been trying to sort out new programs and guidelines. We all need a break. That is what summer is all about; let's kick back and relax with the latest offerings from the entertainment industry.
Let's look at "CSI: Crime Scene Investigation." Here is an episode from Las Vegas. The plot features a mysteriously deceased real estate agent and her husband, who happens to be a mortgage broker. What else do we know about … (4 comments)
mortgage: 10 Names You Need to Know - A Who's Who In The Ever Changing Mortgage World
- 05/18/09 05:46 AM
We all know that changes are occurring in our industry every single day. But do you know who the top governmental players are that create and implement change? Here is a bit of cheat sheet to help you know who is who. Timothy Geithner Secretary of the Department of Treasury The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth and fostering improved governance in financial … (1 comments)
mortgage: 27 Facts You Need to Know (Reposted From Yesterday - Computer Issues)
- 03/03/09 04:18 AM
Here are 27 fun-filled stats you can use to impress your friends - 1 in five adults said they suffer from health problems because of financial worries, and 22 percent said they have delayed seeing a doctor because of cost concerns. Source: Workforce Management, Dec. 31, 2008 2.0 trillion dollars of originations (refinances and purchases) are expected in 2009, according to February 2009 forecasts from Fannie Mae, Freddie Mac and the MBA. That's a double-digit percentage increase over 2008 and about a triple-digit percentage increase over 2000. Source: http://www.mbaa.org/files/Bulletin/InternalResource/67594_.pdf 3.1 million existing single-family homes available for sale. If you are looking to … (1 comments)
mortgage: 27 Numbers You Need To Know
- 03/02/09 01:48 AM
Here are 27 fun-filled stats you can use to impress your friends - 1 in five adults said they suffer from health problems because of financial worries, and 22 percent said they have delayed seeing a doctor because of cost concerns. Source: Workforce Management, Dec. 31, 2008 2.0 trillion dollars of originations (refinances and purchases) are expected in 2009, according to February 2009 forecasts from Fannie Mae, Freddie Mac and the MBA. That's a double-digit percentage increase over 2008 and about a triple-digit percentage increase over 2000. Source: http://www.mbaa.org/files/Bulletin/InternalResource/67594_.pdf 3.1 million existing single-family homes available for sale. If you are looking to … (6 comments)
mortgage: What Have We Learned to Prevent This From Happening Again?
- 02/12/09 11:39 PM
Not to sound to ex-Presidential, but it all depends on what the definition of "this" is. Is the question how do we prevent the mortgage environment from seeing these types of losses again? Is it, how do we avoid the overall economic turmoil we are facing across all industry? Let's talk mortgages first. We, as an industry, got away from sound and prudent underwriting principles and now we, as a country, are facing the consequences. It has always been said that the American Dream is to own your own home. That dream has been distorted to everyone should own their own … (7 comments)
mortgage: Good News - Finally - First Time Homebuyers on the Rise
- 11/10/08 06:12 AM
Tired of all the negative news? Well check out this site - http://www.msnbc.msn.com/id/27631021/from/ET/. MSNBC ran a story yesterday that the number of first time homebuyers is on the rise. Last year, the numbers were at 39% of all transactions and this year we are at 41%. Is that a huge gain? No. Is it finally some good news? ABSOLUTELY. The median age of first-time homebuyers is 30. There is some other great information on the site, so click in and enjoy the good news. I am not saying that everything is sunshine and rainbows, but at least this has a positive … (7 comments)
We've all read plenty of articles discussing where we were, what happened and who is to blame. Every pundit has predictions as to where we are going and when we will get there. But as Stephen Covey, Tony Robbins and the rest of the "life lessons" crew would say, we must live in, and understand, the present. Here is a snapshot of where we are today.
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