Archive for February, 2010

The Garrett, Watts Report (Chinese New Year Issue)

Sunday, February 28th, 2010

 

To Our Clients, Colleagues and Friends, 

Overwhelmed managing your 40-50 employees?  Let’s look at the number of employees at the biggest banks.

300,057

Citigroup

271,863

Bank of America

265,100

Wells Fargo

209,854

JPMorgan Chase

  62,004

Morgan Stanley

  55,346

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Mortgages, Homes, and Lending: Price To Rent,Strategic Defaults, New Home Sales, Pay Day Loans, Reduced Lending, Underwater, FICO Score Trends, Freddie, MBS Purchases, Upside Down, 4 more

Sunday, February 28th, 2010

 

Housing: Price-to-Rent Ratio – by CalculatedRisk – … This graph shows the price to rent ratio …
Read Rest of Mortgages, Homes, and Lending: Price To Rent,Strategic Defaults, New Home Sales, Pay Day Loans, Reduced Lending, Underwater, FICO Score Trends, Freddie, MBS Purchases, Upside Down, 4 more

The Perfect Storm Of Stupid In California

Sunday, February 28th, 2010

The Sacramento Bee reports from California. “Hundreds of area homeowners poured into the Sacramento Convention Center on Friday with tales of financial distress, worry, fear and anger. They were looking for hope at an eight-hour foreclosure prevention workshop. One of those in line, Peggy Tripp, a mother of three, said she has no financial reserves remaining to save her home. ‘I just don’t know who else to turn to. Nobody else will talk with me. So I’m hoping I can get some satisfaction here today.’”
“Mary Pendleton, who said she lives in the Rosemont area east of downtown …
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Most Financial Problems Are Easily Solved Using Debt Settlement Help

Sunday, February 28th, 2010

The global economic down turn has had a serious impact on people all over the globe. Bankruptcies are at an all time high and the increase on loan and credit card defaults are causing lenders to tighten lending procedures. A vast majority of consumers are suffering and fighting to make ends meet. Debt settlement help may be a realistic solution.
Most of the global financial problems are a result of wide spread job loss. When one family member gets the dreaded news, it will not be long before making ends meet will be a struggle. Every week you hear about a …
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Bits Bucket For February 28, 2010

Sunday, February 28th, 2010

Post off-topic ideas, links and Craigslist finds here. Please visit the HBB Forum.
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2010 Hurt-Moran Mortgage Banker Ski Trip Agenda

Sunday, February 28th, 2010

 
This ski trip, now in its 24th year is a legend in the mortgage banking community.  It is also a premier networking opportunity, and I always post this as many people are always interested.  – BC
  <<< CLICK TO VIEW

2010 Ski Trip Agenda 24 Years of Behavioral Modifications 2-24-10dhFinal

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Economic: Inflation, UK Lose AAA?, Fundamentals, Durable Goods, Comstock on Deflation, Doomsday Cycle, MS on Tightening

Saturday, February 27th, 2010

 
 
The International Monetary Fund Calls for Higher Inflation – Paco Ahlgren – When the IMF starts screaming for higher inflation, you know the movement is afoot. Don’t worry IMF! Ben and Barack have committed $24 …
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Tourist Paradise - Tanger Villa And Resorts

Saturday, February 27th, 2010

With a population of around 700,000 tangier is one of the most popular tourist destinations which have gained a lot of popularity in recent years. It lies in the North African coast with topographic beauty that is very mesmerizing. Due to its geographical location the place has been a source of inspiration for many creative people. It is one of the most popular tourist places in Morocco. The sea beaches and sunset is a spectacular picturesque view that most of the people are enthralled to see.
Due to its demand being so high it has also become a hotspot place for …
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Bits Bucket For February 27, 2010

Saturday, February 27th, 2010

Post off-topic ideas, links and Craigslist finds here. Please visit the HBB Forum.
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Why the aggressive pricing? Jumbo loan news, FDIC providing services; GFE advice from Wells

Friday, February 26th, 2010

 

 
“Talk is cheap, because supply always exceeds demand”.
For the week that just ended for the Fed, their MBS purchases totaled $17.6 billion, and they sold $6.6 billion, netting out that magical $11 billion weekly total. They are right on target to end this in about a month. After March 31st, the program ceases. People will still buy homes, mortgages will continue to be originated, …
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