I saw this article this morning, and found it interesting that Atlanta was named one of the Top 10 Places to live on Yahoo Real Estate. And, it is! This article appealed more to the singles crowd, and that is very attractive now for all ...
Monthly Archives: November 2008
The Magic Number 7
How the $700B Bailout Turned Into $7.7 Trillion Bloomberg reported that the Federal Government has now committed to throwing even more money at the economic crisis, to try to unfreeze the credit markets. And that's equal to half the GDP from last year. It's a big number.
Hope for Homeowners Who’ve Hit Hard Times
I posted this first on a national blog that I have been asked to participate in. I thought you would enjoy it as well. Can anybody remember when the times were not hard, and money not scarce? - Ralph Waldo Emerson I am nowhere near old enough to have lived through the Great Depression. In ...
No More Foreclosures for the Holidays
Freddie Mac and Fannie Mae announced today that they would stop foreclosures altogether from November 26 - January 9. That is the day before Thanksgiving through the end of the week of Epiphany. So, a little present to be thankful for. The reason that Fannie ...
To All Veterans: A Gift
We have a lot of military bases scattered across Georgia. Fort Benning down in Columbus and Fort McPherson here near Atlanta come to mind immediately; but there are more. Even more than several bases is the great tradition of young Georgians volunteering to serve in ...
The Credit Crisis: A Real Life Example
The paragraph below is from RateLink, the service I subscribe to that feeds real-time Mortgage Backed Securities (MBS) trading, so that I can keep an eye on interest rate movement. Interesting. Just like mortgage-backed securities, financial firms bundle car and student loans and credit card receivables into bonds for sale in the open market. The market ...
Refinance Your FHA Loan in Uncertain Times
You already have an FHA loan on your home, and maybe you are in a fixed rate at 6.5%, or 7% or even a bit higher interest rate. The good news for you is that you can refinance your loan into a lower rate, ...
The TARP that Didn’t Cover
The TARP (Troubled Asset Relief Program) was part of the bailout bill. You may remember the one, that paultry $700B taxpayer dollars set aside to purchase troubled bank assets, or loan ...
The Ease of Borrowing Today
A lot of talk is swirling around the difficulty of getting a loan today. Most of that information is actually dis-information. Let me give you an example or two. Yesterday I spoke with someone who emphatically told me that to buy a foreclosed home, he would ...
American Express…Bank!
The Federal Reserve approved American Express to become a bank holding company tonight. With their new status, they now have access to the low cost loans that banks around the country have gained access to for months now. And that's a twist I did not ...