Archives for March 2007
It’s The Ice Cream People To Blame
The reason so many people are losing their homes cannot be more clear. The ice cream manufacturers have caused all the problems.
Well, not exactly. Though individual loan officers, who have had a seemingly unlimited availability of programs for just about any buyer’s qualifications and have presented these enticing programs with chocolate and cherries and placed buyers [...]
More Than Sloppy
When I was a kid I loved an overfilled Sloppy Joe. Part of the fun was licking the “stuff” off your hands.
Sloppy pre-qualifications (not to be confused with a true, legitimate pre-approval) are another matter. This blog post has it right, and everyone should pay attention.
High loan-to-value loans, especially 100% financing, are very tough to [...]
Why Not A Sexy ARM? Here’s Why
Everyone wants them. They are attractive, confidence-boosting, and something to talk about. Those who get them, talk about them to everyone. ARMs (adjustable rate mortgages). Why ARMs? In general they have lower interest rates than fixed rate products, and, sometimes, much lower rates.
Not too long ago borrowers with perfect risk factors were getting 3-year ARMs for [...]
Process Not Event
Picasso was famous for many things. Getting a mortgage, though, probably not one of them. He is well-quoted about his process for painting (creating), often explaining that he wanted challenges or subjects that he knew nothing about and had to find a way to express what he saw in his mind. He wouldn’t sit down [...]
Stream Of Thoughts
I was recently re-reading one of my favorite books, The Sound and the Fury, by William Faulkner. Though reading is not quite the word. When I first tried to read this book, when I was 14, I was entranced by the language and emotion, yet really didn’t understand what was going on.
This was my first [...]
Pi Day Devotion
I happened to see this post on the Yahoo page about Pi Day. If you haven’t seen Pi and enjoy small, independent films, this is a wonderful film about many things, but, to me, about the necessity to see and appreciate the whole world (big picture) rather than focus on minute details that can paralyze someone in [...]
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