north topsail beach nc: Who Caused the Housing Crisis?
- 08/18/12 06:32 AM
Most blame for today's housing market is rightly assigned to lenders. It's true, their low standards and poor qualification practices contributed mightily to where we are today. Yes, they could not have lowered standards on government secured loans without political complicity but lobbyists worked hard to create a wider market for lending. Further, there were unscrupulous firms offering loan products that made no sense. Recently I read a homeowners deed of trust several times attempting to understand their Option Arm mortgage. I gave up and cursed the mess we're in today. But, being the thoughtful and curious type, I keep coming back to … (9 comments)
north topsail beach nc: They Breached Their Contract!
- 10/28/11 08:17 AM
When the financial industry chose self-interest over the nation’s financial stability, they breached their contract with America. These institutions, guardians of the nation’s wealth, chose deceptive business practices as their prevalent business model. They chose the wrong path as clearly as any other bank robber and are, as surely, felons. That their greed was so self-consuming they were clueless to the national ramifications of their actions is both astonishing and frightening! How can we ever regain America’s financial security if a core industry already acknowledged as “Too Big To Fail,” is so out of touch with reality they no longer recognize … (6 comments)
north topsail beach nc: Wilmington, NC Area Ranks High as Place to Live, Play!
- 10/25/11 03:38 PM
The Wilmington Business Journal says Wilmington is enjoying positive press from several sources in national media outlets like Orbitz, Bloomberg Businessweek, and Outside magazine. Orbitz named Wilmington area beaches their top pick as a late-summer beach bargain. Bloomberg Businessweek ranked Wilmington, NC as the 7th most fun, affordable city in the US while Outside magazine ranks Wilmington 6 in their “Best Towns” list in the October issue. Such accolades provide great value to restaurants, hotels and a wide variety of retailers serving Wilmington area travelers. Best of all, they represent free advertising from credible unbiased sources and the value … (3 comments)
north topsail beach nc: We Love Our Ship – The USS North Carolina at Wilmington, NC
- 10/23/11 02:59 PM
Oct 14 was the 50th anniversary of the day The USS North Carolina came up the Cape Fear River to berth in Wilmington, NC. She’s across the river from downtown and visible to all just as she might have looked when launched from the New York Naval Shipyard in 1940 nicknamed “Showboat!” She went to Pearl Harbor In 1942 and fought in every major battle in the World War II Pacific theater. She earned 15 battle stars downing 24 Japanese planes and bombarding Japanese strongholds 9 times. Of the 2195 enlisted men and 144 officers, only 67 were injured and … (1 comments)
“Supersize me” has applications beyond fast food. Recently, I shopped for dining room furniture and found chairs bigger. In the armed “Captains” chair, I felt a bit like Lily Tomlin’s “Edith Ann.” It set me thinking about the trend toward larger in everything from fast food meals to homes.
Here in the Wilmington and Hampstead, NC area, our market is a long way from recovery but new construction is readily available. Our local production builders survived and, today, have their pick of large blocks of developed lots in failed neighborhoods. Builders build what buyer’s want and, today, in … (5 comments)
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Beverly Femia
Broker Realtor Stager - Greater Wilmington, NC Are
Most blame for today's housing market is rightly assigned to lenders. It's true, their low standards and poor qualification practices contributed mightily to where we are today. Yes, they could not have lowered standards on government secured loans without political complicity but lobbyists worked hard to create a wider market for lending. Further, there were unscrupulous firms offering loan products that made no sense. Recently I read a homeowners deed of trust several times attempting to understand their Option Arm mortgage. I gave up and cursed the mess we're in today. 
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