Home Mortgage Guide

 
To Our Clients, Colleagues and Friends,

We went on college tours this past week, and a couple of quick impressions:  (1) An overly-big part of your first impression has to do with the personality of the tour guide, (2) all tours sound pretty much the same, (3) you need to resist the temptation to judge a school by the beauty of its campus, and (4) most of the kids seemed very normal, but boy, there are sure some neurotic parents out there.  We also learned that the main criteria for giving …
Read Rest of The Garrett, Watts Report (August 31, 2009)

 
When I was growing up, no one that I knew of wanted to be a “purchasing manager”. (Or, for that matter, a mortgage banker, but look where that got us!) Anyway, purchasing managers are surveyed, and the results can make the financial markets move. What exactly is a purchasing manager? Whether for use by their own company, or for re-sale, purchasing managers, buyers, and purchasing agents purchase goods for a job. They are considered experts at price, quality, availability, reliability, and technical support when choosing …
Read Rest of Float down policies of interest again; Fannie’s stance on TBW loans

by NYCityBoy
This is the latest in the series of the “Regular Guy” interviews. This is my attempt to hear from people in a way that the MSM would never allow.
We talk about FBs all the time. Most of the time, we talk about them with laughter and ridicule. I do not claim to be above that fray. But I think we have also admitted that many of the people that find themselves upside down, underwater, whatever you want to call it, are also just good, honest people. They bought houses thinking that …
Read Rest of Doing The Right Thing?

Fixing a bad credit report is not a pleasant experience. There are basically two ways of going about the credit repair process.
Many people decide first to fix their own credit only to discover the process is much more involved than they expected. This is because they are trying to save a few dollars by going the inexpensive route.
Unfortunately you may discover that repairing bad credit is one of those projects that only appears easy. There is so much to the process including legal research and writing, and negotiation skills which is challenging even for credit lawyers at times.
If …
Read Rest of Credit Repair Attorneys: The Things You Must Look for to Avoid Getting Scammed

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Read Rest of Bits Bucket For August 31, 2009

Racketeering 101: Bailed Out Banks Threaten Systemic Collapse If Fed Discloses Information - by Tyler Durden - And so the guns come out blazing. The Clearing House Association, another name for all the banks that were bailed out over the past year with the generous contributions from all of you, dear taxpayers, are now threatening with another instance of complete systemic collapse if Bloomberg’s lawsuit is allowed to proceed unchallenged, let alone if any of the …
Read Rest of Fed Disclosing Data: Barney’s Fed Audit and Ron Paul Bill

by the Mysterious Flying MisoR™
From the Reason Foundation, October 2001:
Older Suburbs: Crabgrass Slums or New Urban Frontier?
“Since the 1950s, suburbia has represented middle-class success and the fulfillment of the ‘American Dream.’ More than three-quarters of America’s new population growth has occurred in the suburbs. Indeed, more than half of all Americans now live in suburbs, a higher proportion than any other industrialized nation. More than 80 percent of all demand for office space and new jobs occurs in the suburbs. Between 1988 and 1998, office space in suburbia grew 120 percent, eight times the rate in traditional …
Read Rest of In The Suburbs

by James Duncan
Roofing is a large job that requires a lot of time and effort. If you’re considering taking this task on yourself, it’s crucial that you have the knowledge you need to do the job right. Mistakes in roofing can be very expensive.
Installing roofing felt properly is absolutely critical for getting the job done well. While metal roofing materials don’t require a layer of felt, more conventional materials like shingles, asphalt, and wood need roofing felt to be complete.
Roofing felt is the asphalt saturated cardboard paper that’s rolled onto a roof before the roofing material is laid down. Its …
Read Rest of Helpful Tips For Installing Roofing Felt

 
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Fed May Not Need to Buy All Authorized MBS, Two Officials Say - By Vivien Lou Chen and Steve Matthews - The Federal Reserve may not need to buy the full .25 trillion in mortgage-backed securities the central bank has authorized by year-end, two regional Fed bank chiefs said.  Richmond Fed President Jeffrey Lacker said yesterday in a speech in Danville, Virginia, that he’ll evaluate “whether we …
Read Rest of Government Hijinks Affecting You: Fed Buying MBS, Mohamed El-Erian, FDIC, TBT Fail, Louis Kaden, Bury in Debt, Tax Cuts?, Ben, Recoveries, GNMA Reverses

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Read Rest of Bits Bucket For August 30, 2009