Jay Beckingham's (jayb) Blog

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Mortgage and Lending - Christensen Financial Mortgage - 385907

ARCHIVED BLOG POSTS

2010 

Hey East Coasters...Come on Down Escape Earl Come on, you don't really want to start your holiday weekend with this storm, and you surely don't want to spend the rest of the weekend on cleanup. Why risk it-Visit Southwest Florida this weekend. Try out Cape Coral, Fort Myers, Fort Myers Beach, San...
08/30/2010
I heard this term for the first time today, maybe I'm just out of the loop, from the guys at TBWS, you know Brian & Frank baby. Okay if you don't know them give them a try at TBWSDaily.com. So Strategic NON Foreclosure Yup, we don't want to foreclose, or we don't want to foreclose now. We don't c...
08/30/2010
I thought I'd say BIG, but with what we've been through I really believe HUGE is more appropriate. So what's the BIG, I mean HUGE deal? It reminds me of the old days when I first started in the mortgage business, 30 some odd years ago. We were very happy to have 5% downpayment Conventional Loans....
08/29/2010
Ya , I know I've heard it all before. I'm an out of state lender, and I've been doing loans effectively in Florida for years. I'm really on top of things when it comes to Florida loans. Really??? Let me pose a few questions and/or comments here. Are you aware that a seller may be advised or may d...
08/28/2010
I attended a seminar yesterday for instruction on how to qualify the self employed borrower. I live in Southwest Florida and it was sponsered by one of the local/regional banks, and do I owe them a big thank you. The instructor was from one of the active major MI companies, and boy was she good! ...
08/27/2010
I was watching TBWS this morning and they were talking about the HAMP program and the HAMP funds, specifically those funds not yet allocated. They did some fancy calculations based on what they said is a total of 421,804 modifications which have been put in place for qualified homeowners. Accordi...
08/24/2010
Back in 1906, I believe, I wasn't actually there, no matter what anyone says, an Italian economist named Vilfredo Pareto developed a theory, or principle saying 20% of the people owned 80% of the wealth, or so he felt in his country, I believe. Later, somewhere around the 30's or 40's Dr. Joseph ...
08/23/2010
The Journel's James Hagerty recently wrote an article about the Vultures The article entitled, "Vultures Save Troubled Homeowners," essentially focus' on Lewis Ranieri, "the Godfather of mortgage backed securities" and his Selene Residential Mortgage Opportunity Fund. Hagerty refers to this fund ...
08/21/2010
Back in December (2009) I wrote a couple of blogs about Lewis Ranieri, the "Godfather of mortgage backed securities." One of the blogs was entitled Fixing the mortgage mess, "The Ranieri Plan" I made a suggestion at that time that you remember "Lewie." Well it appears that the Wall Street Journal...
08/20/2010
That's yesterday's headline from a CNNMoney.com article written by senior writer Tami Luhby. Two points; First, If you feel comfortable that the FED'S got you covered take a looooong, haaaaard look at their recent track record and draw your own conclusions. Second, WHAT ABUSIVE MORTGAGES! Today, ...
08/18/2010
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Jay Beckingham

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