Posts from ‘May, 2007’

This is obviously not a political blog but I just couldn’t resist commenting on the recent USA Today story about the US government’s outstanding debt. My economics professor in college always said not to worry about the government deficit as long as it was less than 5% of GDP. I guess it always depends on who [...]

If you’re in the market for a home loan and have not locked your rate in – then today is the day to lock. Mortgage bonds have been falling the past few days and this morning’s strong consumer confidence caused bond prices to fall further. When bond prices fall rates increase.
I was just looking over the performance [...]

I will be speaking on Tuesday May 29th at Simply Success. This is a bi-weekly morning breakfast roundtable of small business owners in Scottsdale. This event is sponsored by SWC Business Enterprise.
My presentation will cover the following:

Mortgage Mechanics: The acronyms of the trade 
FICO: Creditworthiness unplugged 
Creative financing even Michelangelo would be proud of  

This is a free [...]

I guess credit card companies are “fighting back”. People have been using home equity to pay off credit card debt, so now they want to get a little piece of that equity again. They couldn’t wait for the borrower to rack up big balances again, they want to now help borrowers rack up mortgage payment [...]

What is the essence of blogging? Why do I blog? There are many answers to this question. One of the reasons for my blogging is to network with other bloggers. Contrary to popular opinion, I think bloggers are cool, intelligent and smart people - at least the serious bloggers anyway. I had an opportunity last [...]

You remember the Segway don’t you? The machine that was supposed to change the way we built our cities, read our news and took our vacations. Well here is a picture you’ve got to see.
Have a great Memorial Day weekend!

Most homebuyers make their purchase decision based on the monthly mortgage payment. For many this is where the rubber meets the road if you will. For lenders too, monthly payment is very important. They use this amount to calculate the important Debt-to-Income ratio (DTI). Stocks have P/E ratios and mathematics has pi, which is the [...]

Here are two top blogger profiles from India - part of the Bloggers Face-Off - Indian edition. Young, dedicated and amazing bloggers. You can even vote - think American Idol.
By the way, if you’re serious about blogging then you need to make sure you’re subscribed to Dailyblogtips.com.

I was just going over the the National Association of Realtors survey of its members. It was quite revealing. As a Mortgage professional I’m very interested in learning more about Realtors. Here are some of the interesting highlights from the survey:
The demographics:
The typical member is 51 years old, works 40 hours per week and has been in [...]

Jim Duncan solicits some debate on Cooperative Compensation, where the seller’s agent pays the buyers agent in a purchase transaction. Greg Swan (Bloodhoundrealty) wants the lenders to take the lead instead of a more legislative approach.
Here is part of what Jim says:
As a profession, we need to rid ourselves of Cooperative Compensation and the practice of [...]