Friday, October 31, 2008

Hauntingly Familiar Pattern of Discontinuation Notices from Lenders

The interest only payment loan appears to be on it's way to the graveyard. Sure, they are scary but have their perks if you are educated and disciplined. Also trickling in this week are memos about Non-Conforming and FHA Jumbo products being discontinued. Don't panic the Economic Stabilization Act (cough, bailout) temporarily increased the conforming loan limits depending on your area, but so far I have only seen one reference to a Super Jumbo product to supplement it. Either way it is reminiscent of the imploding sub-prime lenders.
Happy Halloween!

Tuesday, October 7, 2008

Opportunist at Work

I do my best to educate myself on issues that matter most to me. I discuss these issues with my family, my friends, and my coworkers. I bite my tongue in line at the grocery store. I vote therefore I have the right to bitch. However, I struggle posting my personal views and "issues" here as this blog was intended to be a resource for my clients and other consumers looking for information. When bill 965 was on the table I used my blog to "lobby" against it as had the bill passed it would have affected my livelihood and consumers alike. Since this bailout package was introduced it has become a hot-button for me and I let my emotions get involved with my work. In the past it has bitten me in the ass, it might very well do so again, but I don't care. Why? Because I am a real person. I don't always tell people what they want to hear. I feel that doing so compromises my principals. I may not agree with the bailout being passed but I question the consequences if not. I do not like being fleeced. I do not like how we got here. I do not like the finger pointing and back pedaling. The more the bailout was talked about and the more I read the more it started to stink. Obviously IMO the bailout is a turd. However, I will keep doing my job in spite and because of it. I will look to the current market to afford a lower rates for my clients who need to afford their mortgage payment. I will become an opportunist. I hate the thought, but I love my job. I love helping people...
I love you. You Know?!

*Contains Adult Language

Sunday, October 5, 2008

Yep, It Floats!

Boy, I never thought that this picture would ever find another use. I emailed it to my girlfriend who fell out of her chair at work from laughing so hard after she had been dubbed the floater in my bunko group. I know, I am a disturbed individual, but I am so irritated with this whole bailout thing and if I can't find a way to laugh off the stress it will take valuable years off my life. Follow the link to the 1424 bill history and text. If I didn't care to kill a tree I would print it out and keep it next to the toilet, where it really belongs.

Wednesday, October 1, 2008

I turned off CNBC and tuned into YouTube

I can't bear to watch the news any longer but I imagine I will tune in later to see if shit will float. Sorry for my candid unprofessionalism. Warning: it gets better... This cartoon circulated via email a while back but as a .pps file and I couldn't post it here. Fortunately there's YouTube.

It is hard to read but I would be happy to shoot you the email, just ask!