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        May your stuffing be tastyMay your turkey plump,May your potatoes and gravy Have never a lump. May your yams be deliciousAnd your pies take the prize,And may your Thanksgiving dinnerStay off your thighs! Happy Thanksgiving Everyone! Thanks,Greg AdelmanMidwest Home Center LLC.715-483-00126...
11/26/2008
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Stocks are trading higher on news that Citigroup is set to receive a $306 Billion lifeline from the US Government, and an additional $20B in cash from the Treasury Department. In exchange, the Government will receive $27B of preferred shares, paying an 8% dividend. This is an enormous financial c...
11/24/2008
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Over the years, MMG has continued to help the mortgage community discover and understand the disconnect between the 10-year Note and Mortgage Bonds. In recent times that disconnect has been very clear to anyone in our world - but in the past 24 hours, the disconnect has been dramatic. Since yeste...
11/20/2008
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Mortgage backed securities were off about 40 bps this morning, but are only off 9 bps currently.  I would continue to float and see if they continue to improve throughout the day.  Risks favor: Floating into Jobs Report Current Price of FNMA 6% Bond: $101.31, -34bp Mortgage Bonds are down sharply...
11/06/2008
Risks favor: Floating, with a finger on lock trigger Current Price of FNMA 6% Bond: $100.12, +19bp Mortgage Bonds are trading a bit higher, but already far off the best levels of the day. In a speech this morning, Richmond Fed President Jeffrey "The Dissenter" Lacker, said the US economy was defi...
11/03/2008
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  Here is a new update for agents and customers:   -- Fannie Mae (NYSE: FNM - News) today announced that it will reinstate a requirement for homeownership counseling and education for first-time homebuyers obtaining a MyCommunityMortgage® loan or a loan that relies on nontraditional credit to qua...
10/30/2008
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To all:   I know it's scary out there, but just a note to wish all a Happy and safe Halloween! The markets are very volatile out there but with this uncertanty there is opportunity.  I have found that in times like this that it only makes us stronger for the next challange that may arrive.   Than...
10/30/2008
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The first phase of the Troubled Asset Relief Program is being put in place.  The first $250 billion will be used to provide a voluntary capital purchase program to rebuild bank capital. Citibank, JP Morgan, Bank of America and Wells Fargo will all receive $25 billion. Second the treasury announce...
10/19/2008
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Fall is hands down my favorite time of the year. It is sunny here in St Croix Falls, Wisconsin this afternoon. Crimson, rust, gold, bright yellow, evergreen all blend to create an incredible palate of color! The changing colors of the leaves is set off by the shadowy, dark grey stone and rock th...
10/12/2008
  The fourth in our series highlighting American Dream homes for under $500,000 takes us to sweet homesteads in the nation's heartland Writing about the Midwest of his boyhood in Life on the Mississippi, Mark Twain famously observed: "This region is new, so new that it may be said to be still in ...
10/08/2008
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GregAdelman

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