MORTGAGE APPLICATIONS DOWN, HOME SALES PLUMMET

I predict you will see some form of this headline in the next week and over the next 4 months. Why? Because that is what the architects have designed. Fannie Mae and Freddie Mac changed their loan qualification guidelines several years ago. They declared that in order to get more qualified buyers into houses and diminish the distressed housing inventory, borrowers with a short[..]

FRIDAY THOUGHT…

“Nearly all men can stand adversity, but if you want to test a man’s character, give him power.” Abraham Lincoln – President of the United States 1861-1865 Share this:

FRIDAY THOUGHT…

“Want of foresight, unwillingness to act when action would be simple and effective, lack of clear thinking, confusion of counsel until the emergency comes, until self-preservation strikes its jarring gong-these are the features which constitute the endless repetition of history.” Winston Churchill – Prime Minister of England 1940-1945 and 1951-1955 Share this:

FRIDAY THOUGHT…

“Remember that there is nothing stable in human affairs; therefore avoid undue elation in prosperity, or undue depression in adversity.” Socrates – Greek philosopher 469 B.C.- 399 B.C. Share this:

Aesop’s Fable – THE YOUNG CRAB AND HIS MOTHER

“Why in the world do you walk sideways like that?” said a Mother Crab to her son. “You should always walk straight forward with your toes turned out.” “Show me how to walk, mother dear,” answered the little Crab obediently, “I want to learn.” So the old Crab tried and tried to walk straight forward. But she could walk sideways only,[..]

REO TO RENTAL 2012 TO 2014 -RENTALS ARE NOW SECURIZED WALL STREET COMMODITIES…AND WALL STREET IS YOUR LANDLORD

2010 – TwinRock Partners starts targeting distressed homeowners and REO’s to build a large rental portfolio. They join smaller, individual investors who had been building their portfolios of REO’s for buy and hold rentals since the initial crash. 2012 – The Federal Government was tired of all those REO and distressed homeowners. As you recall from the President on down the[..]

FRIDAY THOUGHT…

“Whenever you find that you are on the side of the majority, it is time to pause and reflect.” Mark Twain – American humorist 1835-1910 Share this:

Aesop’s Fable – THE TORTOISE AND THE DUCKS

The Tortoise, you know, carries his house on his back. No matter how hard he tries, he cannot leave home. They say that Jupiter punished him so, because he was such a lazy stay-at-home that he would not go to Jupiter’s wedding, even when especially invited. After many years, Tortoise began to wish he had gone to that wedding. When he saw how gaily the birds flew about and[..]
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