Build and Destroy – It’s About Time
It is about time! Kudos Guaranty Bank. The simplest way to limit the supply is to eliminate it. Not only does it limit the supply, it detours future dilapidation and possible degradation. Thanks to Vision Victory Manifesto for the...Allen Greenspan Supporting His FED Cuts
Clip of former FED Chairman Allen Greenspan supporting his FED Cuts, from David Faber’s documentary House of...The Ice Just Broke – Credit Crisis Starting To Thaw, 4% Mortgage Rates?
Posted by yourmortgageplanner on Mar 19, 2009 in Credit Crisis TARP, Featured Articles, Financial Awareness | 0 comments
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today, within the target range of 0.000-0.250 percent. This doesn’t mean the Fed stood pat, however.
On plan to resurrect the economy using “all available tools”, today, the Fed announced a new, $1.5 trillion...
What Is A FICO Score
Posted by yourmortgageplanner on Mar 11, 2009 in Credit Crisis TARP, Financial Awareness | 0 comments
The basis of most mortgage lending is credit scoring. In general, the higher a person’s credit score, the lower his offered mortgage interest rate.
Despite the many credit scoring models in use today, however, just 3 are relevant to American homeowners:
The Equifax BEACON® score
The Experian Fair...
Am I Eligible For Making Home Affordable Government Plan
Posted by yourmortgageplanner on Mar 5, 2009 in Credit Crisis TARP, Economy, Featured Articles, Financial Awareness, One Step Ahead, Random/Old BlOgS | 7 comments
When the White House first introduced the Making Home Affordable program in February, it was positioned as a mortgage program with two goals:
To help financially-needy homeowners get mortgage relief
To help homeowners who’ve lose equity qualify for today’s low rates
Wednesday, in a...
Cuba Used To Have Mansions – 2009 Chicago Tea Party
Posted by yourmortgageplanner on Feb 20, 2009 in Credit Crisis TARP, Economy, Featured Articles, Financial Awareness, Investors, Say What? | 0 comments
In Mesa, Arizona, Wednesday, the President presented the Homeowner Affordability and Stability plan, a multi-pronged effort to support the housing market.
The story made the front page of nearly every newspaper in the country.
The president’s plan is worrisome:
Incent mortgage servicers to work with...
