Market Updates:
Volatility is still the name of the game. The Senate passed a new version of the $700 Billion rescue plan last night by a wide 74-25 margin. This Bill has a few tweaks from the old one that was shot down in the House, including raising the FDIC insured limit to $250,000 from the $100,000. This is designed to stop the run on banks that has caused so much of a problem in the banking industry. Even with the bill in the Senate passed, stocks are down heavily. Why? This Bill is far from being passed, right now the Bill is on its way back to the House for a vote tomorrow and there is still a lot of uncertainty whether the House will approve it as is. If they don't pass the Bill or they want to make changes, the Bill will have to be bounced back to the Senate as both the House and Senate have to approve the exact same Bill. Meanwhile, the clock is ticking, pressuring more possible bank failures.
Look, our credit institutions are just about locked up, and until we get a Bill signed on the books, this will continue. Student loans, Auto loans, and even loans from one bank to another will come to a standstill.
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With 7 years of experience working with Realtors, Investors, and most importantly BUYERS. The client always comes first. As a Broker, I can provide the best rates, and fair closing cost. My GFE's usually are spot on, and never are to be exceeded without written notice to the buyer usually weeks in advance of closing.
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My staff is fully licenced and highly trained to support my demanding requirments to provide excellent customer experiences.
First time home buyer classes held monthly my office. FHA, VA, USDA, Fannie Mae, Freddie Mac conforming, and Commercial lending with 30 yr fixed terms.
Member of KAMB. Completed education in Fair Credit and Credit Scoring. Fraud detection, Guaranteed Rural Housing Programs.
Served two years on the Lawrence Board of Realtors committee's: Education (2 yrs) and Community Relations (2 yrs)
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