ARCHIVED BLOG POSTS
2008
4
Comments
Yes, I've been reading CNNMoney.com again. Boy, I love them. If our economic situation wasn't so serious, some of the info might be comical.Try this one; the headline reads, "Washington's hard case: How to Juice the Economy." Apparently Congress has schedule hearings to evaluate stimilus packages...
01/16/2008
7
Comments
A CNNMoney.com article yesterday screamed, " Wall Street to Fed, Cut rates now!" The biggest problem with this, is that after reading the article, I don't see anything that supports the headline. My meaning is that the headline and the content don't go together. So what else is new?It did, howeve...
01/16/2008
9
Comments
Okay, most of the conventional lenders are going to price up the loans for what are their riskiest clients. That would be those with scores in the 620 to 679 range. And upon further review, it's still football season, the markup for scores from 620-639 is fairly substantial. I believe I saw up to...
01/10/2008
4
Comments
When I read the articles written by the national media and by many bloggers, who continue to whine about our current markets, and our economy, I can only reach one conclusion.CHESSE sales must be at an all time high!With all that whining, it has to be true. Everybody looking for a hot stock tip, ...
01/10/2008
6
Comments
For close to 12 months or more all I ever heard was the term "subprime meltdown." It was and to a degree still is blamed for almost every economic problem in the world today. But it must have worn out its BUZZ effect because it seems to have been replaced by the term "credit crisis."I always felt...
01/09/2008
7
Comments
I was in New Hampshire when the banking crisis hit. You youngsters in the industry may not remember that.We use to talk about how we still had the same amount of employees in the bank, but that all the loan officers and their support staffs were now part of the work out department. They were esse...
01/08/2008
Wow, what a time to be a mortgage lender, particularly in Southwest Florida. In case you're wondering why Southwest Florida is so special, well first it is because it's just so beautiful, but as a mortgage lender it's also considered an area of declining market values. Because of the values, it's...
01/08/2008
6
Comments
If it wasn't so real it would be comical.All of these came from CNNMoney.com and the articles were published yesterday. "Jobs Weak, Unemployment Soars."Well, I've said this before but it's worth mentioning again and this article certainly reinforces it. The job reporting system is flawed at best....
01/05/2008
6
Comments
It seems to me that whenever we have a Fed rate cut the national media always has some sort of comment on the fact that the cut has an effect over the rates you pay for credit cards, home equity lines, auto loans, and other forms of credit. I especially like the undefined other forms of credit (t...
01/02/2008
7
Comments
It's January 2nd, do you have your written, clearly defined, business marketing plan for 2008?If you don't, don't waste your time (and $$$) going to any of the production seminars, because the first thing that they will ask is, "how many people have a written, clearly defined, marketing plan. Rai...
01/02/2008
Rainmaker
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Jay Beckingham
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