Professor X's (jplummer7) Blog

By
Mortgage and Lending - NONE
RECENT BLOG POSTS
I usually try not to add fuel to the pessimistic fire that has engulfed the housing market over the last year and a half, but some stories need to be told.  According to a February 13 article in the Detroit News, by Louis Aguilar, Wayne County posted the highest rate of home foreclosures among ma...
03/21/2007
Olympia Development has been selected to refurbish and renovate the long-mothballed Grand Army of the Republic building in downtown Detroit. In 1866 Benjamin Franklin Stephenson and The Rev. W.J. Rutledge founded the first chapter of the Grand Army of the Republic in Decatur, Ill., with 13 fellow...
02/18/2007
Stated Income Loans Gets Originator Indicted - That was the eye catching title of a December 20th 2006 article by a staff writer at the Originator Times.  Was I shocked, or I was appalled, and sick to my stomach... and just a little bit curious.  While the few kindred spirits of Active Rain who k...
01/24/2007
Who doesn't hate private mortgage insurance?  For years lenders have charged PMI fees to borrowers who couldn't afford to put 20% down when purchasing their home, and why not?  Private Mortgage Insurance or PMI makes complete sense from a lenders perspective.  When they agree to lend money to bor...
01/18/2007
Well it's that time of year again and if you grew up in the Motor City, then you should already know what I'm talking about.  Saturday marked the public opening of the 2007 North American International Auto Show at Cobo Hall in downtown Detroit, Michigan. The auto show is the premier annual event...
01/16/2007
Martin Luther King, Jr., an African-American clergyman, is considered a great American because of his tireless efforts to win civil rights for all people through nonviolent means. Since his assassination in 1968, memorial services have marked his birthday on January 15. In 1986, that day was repl...
01/15/2007
This weeks question for Just Ask Josh comes to us from Maureen Francis, Birmingham Michigan's leading Realtor and author of the mioaklandcounty blog.  We've been hanging onto this question for a while, waiting for a good week to post it. "Our mortgage bank just sent a letter that they will give u...
01/15/2007
I came across an article by the associated press in the MSNBC Real Estate Section, back in October entitled "First-time homebuyers being left out."  The article went on to quote a poll stating that "Eighty percent of Americans believe it is difficult for most first-time buyers to afford a home, a...
12/19/2006
"It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our necessities but of their advantages." Adam Smith The ...
12/13/2006
Designed in 1923 by architect Louis Kamper, the Book Cadillac Hotel is one of the most famous buildings in the city of Detroit.  The history of the Book Cadillac Hotel is almost as significant as its list of past guests.  Baseball greats like Joe DiMaggio and Babe Ruth have stayed in the hotel, a...
12/07/2006
Rainer
26,462

ProfessorX

Contact The Author
A