Jay Beckingham's (jayb) Blog

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Mortgage and Lending - Christensen Financial Mortgage - 385907

ARCHIVED BLOG POSTS

2008 

Recently CNNMoney.com's editor Paul R. La Monica wrote an article stating that it was time for Chairman Bernanke to "Man Up."  The article's content centered around the premiss that the chairman was not tough enough and was giving in to market pressures to lower rates, and provide more, easier, a...
01/30/2008
AREN'T THEY?CNNMoney.com editor Paul R. La Monica writes it's "Time for Bernacke to 'man up.' "I don't believe he's actually challenging the Fed Chairman's manhood, but rather his toughness. The gist of Editor La Monica's comments are that the markets are pushing the Fed hard for lower rates and ...
01/28/2008
7 Comments
Actually, I'm interested in mortgage extremism, and does, or when does, extremism create balance? Sounds like heavy philosophical stuff. Not Really!Webster's again;Extremism going to an extreme (oh really-my addition); very great, excessive.Okay, we've gone from mortgages, which were exremely eas...
01/25/2008
I was just reading a blog which mentioned that money had gotten tougher to get. I thought about that for a moment.WHY WOULD THAT BE?DA!It couldn't have possibly gotten any easier!!!If you were a loan officer/broker you didn't need to have a great deal of knowledge. You really just needed to be a ...
01/25/2008
Please excuse me for using a technique that I've learned from the national media. That is, get that headline that draws attention, even if it isn't supported by the articles content. I was reading an article from Fortune posted on CNNMoney.com entitled "Banks are down, but not yet out,"  and it m...
01/22/2008
Okay, I thought we might need a shock to the system and here it is. A 3/4% intermeeting rate cut IS a Big deal. This is the first intermeeting cut since 2001. BUT is it a good thing? or is it a bad thing?Initially the stock market opened with a big sell off, but as they have had a chance to diges...
01/22/2008
5 Comments
Emotion; strong feeling as of love,fear,anger, etc.I've always wondered how much "emotion" played in the purchase and/or sale of a piece of property. I'm sure most experienced Realtors can tell you about sellers who thought their home had a certain value, well because it was theirs. The old it's ...
01/21/2008
We're in a recession, we're not in a recession, we are going into recession, we might go into a recession. So where are we, and where are we headed?I saw Chairman Bernanke on TV the other night and he said that we are headed for a period of reduced growth. Okay, that doesn't sound so bad. I can l...
01/18/2008
9 Comments
There's a new field in the real estate industry, it's the "head shakers." They used to be called appraisers, but that was a while ago. I had one in my office yesterday, he's a great guy, and I've known him for years.I asked him how business was, and he just shook his head and smiled.I then asked ...
01/17/2008
7 Comments
I'm in Southwest Florida, an area which has been hit hard by declining market values, and I basically don't do refinances. Not because I wouldn't, mind you, but because many/most homeowners don't have any equity.There are two basic groups who have a problem. The first I don't have any sympathy fo...
01/17/2008
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Jay Beckingham

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