The Presidential Candidates are on their way back to Washington to help form a consensus on the bailout bill. Listen to any talk show on the radio, and you will hear how angry American are about the bailout. For that matter, sit down next to anyone in your neighborhood Starbucks or at the corner bar,… Continue Reading
Over the past 5 days, I have been watching the news the same as the rest of you, and, on any given news outlet at any given time, a mixture of anger and fright fill the commentary, and spew over to my – our – livingroom. Then, a client and friend of mine, Howard, sent… Continue Reading
I know. You read the title and you eyeballs bulged out of your skull, and you probably screamed “What!! Where has this guy been??!!” Truth be told, I have been right here, with you, weathering the same drop in home values and number of homes on the market that you have. And, now that we… Continue Reading
Okay, I predicted that it might happen last weekend, and I was off by a week. Of course, the Fed and Treasury Dept. had bigger fish to fry a week ago with the take-over of Fannie Mae and Freddie Mac. So, Lehman was left to languish another week. This weekend, while most of us were… Continue Reading
When big investment banks are about to fall, Bernanke and co. tend to make things happen on the weekend. Like Bear Stearns bailout – and their cheap acquisition by JPMorgan Chase. I would not be surprised at all if Monday morning we wake to the news that something major has happened… Continue Reading
On October 1, as you may have heard, the beloved Down Payment Assistance Programs are going away, due to the H.R. 3221 bill signed into law last month. Well, fully 70% of the loans that I have structured over the years for First Time Homebuyers were either 100% financing, or were FHA loans that utilized… Continue Reading
I saw this article from a Dallas paper, and thought it worth comment. The same is possible right here, in Atlanta. I mentioned in a previous post that credit scoring systems have no memory. So, a change to a credit report today has an immediate effect. Well, just like the loan officer in the story… Continue Reading
Now more than ever. Do you know your score? If you buy a house now, will you be amoung the many who will be paying points under the new Fannie and Freddie FICO score adjustments? You just might. In fact, if you are an average Atlanta resident, then you will be paying .75% discount to… Continue Reading