RECENT BLOG POSTS
My youngest son will be 8th on August 20. He has been counting down for that last two weeks and the closer we come to the day the more excited he gets.Four days later his oldest brother will be 17th. I have promised to take them to Minado's for lunch to celebrate. Chudi will be going for the 2nd ...
08/19/2007
Yesterday at a barbecue a friend told me had had seen my 20 second commercial at the Wharton Shoprite. His comment was that he had no idea what the commercial was saying. All he knew was that the ad was me.In my opinion that 20 second spot is doing its job. He saw and recognized me. I will share ...
08/19/2007
UPDATE: NovaStar Financial To Fire 500 Workers On New Loan Drop August 17, 2007: 01:24 PM ESTDOW JONES NEWSWIRES Subprime mortgage lender Novastar Financial Inc. (NFI) said it plans to cut 500 employees, or about 37% of its work force, and close wholesale loan operations in California and Ohio be...
08/17/2007
The federal reserve made a surprise decision and cut the discount rate by half a percent. At the last meeting they did not give any indications of a rate cost. The sudden move shows that they are really concerned about what is happening in the housing market. (the discount rate is the rate the fe...
08/17/2007
I got a new device to replace my Treo 650. It is set up to check my email every 20 minutes and it starts from 6:00am. At 8:17am an email came in from my First Magnus AE. He has only been with the company for less than 45 days. His email said First Magnus was no longer funding loans and or taking ...
08/16/2007
Back to Story - Help Countrywide taps $11.5 billion credit line By Jonathan Stempel1 hour, 11 minutes ago Countrywide Financial Corp. (CFC.N), the largest U.S. mortgage lender, said on Thursday it drew down an entire $11.5 billion bank credit line as a global credit shortage limits its access to...
08/16/2007
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It is with deep regret that I must send you this email.  Unfortunately, due to the upheaval in the credit markets, First Magnus will no longer be accepting applications or funding loans as of today.  I will do all that I can to assist you in placing your loan applications with other investors.  I...
08/16/2007
Yesterday I went to visit with a friend that works for Wells Fargo and he asked who I placed my loans with. I told him some names and I included Wells Fargo and he told me that Wells had exited the Wholesale business. I guess no one bothered to tell me whole sale rep because I got rate sheets tod...
08/15/2007
Welcome to the New Jersey Home Sales Tax "Action Center" - a space dedicated to helping you stay up-to-date on, and expressing yourself about, the New Jersey Home Sales Tax.   Efforts are underway in Trenton to further increase the Realty Transfer Fee, which we call the New Jersey Home Sales Tax,...
08/13/2007
During the last few weeks Option One and the mortgage industry has gone through a huge rough patch. We like many other lenders out there have determined that with the current market in place we can no longer offer Stated and Non - Owner Occupied loans. Option One will now concentrate its great ef...
08/09/2007
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Christopher Onwuasoanya

local_phone(973) 200-8397
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I use this as an opportunity to educate my business partners and clients. The more informed they are the easier it is for all to understand what our roles are.