ARCHIVED BLOG POSTS

2007 

Ok, so maybe this doesn't have anything to do with Real Estate...in fact, the only Real Estate related point here is that Realtors made the cut coming in at number 6.  The following is a list compiled by recent compensation experts in a recent Market Watch Report. "Almost no one in America would...
12/13/2007
In much anticipation, the Federal Open Market Committee met today to discuss monetary policy and the outcome was yet another Fed Funds Rate cut; 25 basis points (.25%) down to 4.25%. From the Press Release: Incoming information suggests that economic growth is slowing, reflecting the intensifica...
12/11/2007
Washington Mutual "is the latest lender to get out of the subprime mortgage business" and rightly so! With the market being the way it is, frankly they can't afford to hold such a portfolio. The unfortunate news for us and for employees is Job Cuts and tighter lending standards! From MarketWatch:...
12/11/2007
We connect with each other daily through our blogs! Comments back and forth...emails...and occasionally, we pick up the phone and call the person behind the computer on the other end! That last action is a pretty unique experience. It's always great to meet a fellow blogger in person. If you're n...
12/10/2007
The Budget Constraint: it's what the consumer can afford! Let's think of it from the buyer's perspective...We all want to increase both the quality and quantity of the goods that we purchase/consume. We want: Exotic vacationsExpensive carsTo eat at the most expensive restaurantsWe only consume l...
12/10/2007
Let's Recap: The 30 Year Fixed Mortgage averaged 5.96%, down from 6.10% just last week. The 15 Year Fixed Mortgage averaged 5.65%, down from 5.73% just last week. The 1 Year Adjustable Rate Mortgage averaged 5.46%, up from 5.43% just last week. The Week Ahead: The biggest news on the Economic Ca...
12/09/2007
That's right! We have some loan-to-value reductions, limited coverage with respect to Mortgage Insurance and some increased prices to go along with it all.  MGIC Investment Corp. is the nation's largest mortgage insurer. On Friday, they announced plans of raising prices and limiting their coverag...
12/08/2007
President Bush & Secretary of the Treasury Hank Paulson announced our government's plan to Freeze ARM Interest Rates yesterday afternoon. You can read the proposal here. Though many call it a Subprime "bail-out" plan, President Bush said that it is everything but for investors. It is estimated t...
12/06/2007
This has got to be the most sophisticated explanation of our subprime mess and the ensuing credit crisis...and I say this with a hint of sarcasm!Watch...laugh or cry (whatever your pleasure)...and enjoy!   
12/06/2007
I've experienced this scenario one too many times...Borrower: Mr. Bueno I'd like to refinance out of my current loan. You hear all the news today about low 6% and I'm holding 7.5%. So you must understand, something doesn't quite fit. Or am I missing something here? Me: Well mam...Borrower: But wa...
12/05/2007
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Ricardo Bueno

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I work for Diverse Solutions, Inc. a real estate technology firm based in Irvine, CA. We offer Mapping IDX Solutions and a WordPress IDX Plugin to make real estate agents more successful. Overall, I'm passionate about marketing and technology for the real estate industry!