Hank Paulson, the secretary of the treasury unveiled a 218 page report overhauling the federal reserves role in oversight of mortgage lending, insurance and investment banking. While this is definitely needed, do not pop open the champagne just yet. The states have done a terrible job maintaining standards for any of these industries and continue to over legislate after the fact. We do need a federal oversight that is comprehensive and encompassing. But even if that is what Paulson is proposing, and after looking at it I am not sure it is, we will have little or no chance for anything that is presented by the Bush administration to be passed by congress.
Great new listing in High Plains Village. For additional information, including community virtual tours and a complete desciption, please go to Light & Bright End Unit in High Plains Village.
If you are feeling the stress of tax season or just from every day life, come and find relief at our Massage Parlor. Leslie Peppo is our Licenced Massage Therapist. A 1 hour massage is $45.00 and a one half hour massage is $30.00. Massage relieves fatigue, reduces tension and anxiety, calms the nervous system and promotes a sense of relaxation and well being. Call and schedule your massage today, 970-461-1100 or 720-532-3614. Park Regency is located at 1875 Fall River Drive in Loveland, just northwest behind the Target Shopping Center.
I came across some relavent stats that sellers should take refuge in. Buyers need a reason to buy. As the list below will attest, the buyers are out there, they have some reason(s) to buy, now it's up to us to find their reasons for buying yours.
Reasons For Leaving Previous Unit
Park Regency LLC is a new, luxury, Assisted Living Community for seniors located in the heart of Centerra . Park Regency provides a home for seniors in need of some assistance with activities of daily living. The community is located at 1875 Fall River Drive, Loveland, CO.
On one occasion, I had the miserable, unfortunate and truly disgusting experience to have eaten spam. On a daily basis, I get the miserable, unfortunate and huge time wasting opportunity to delete spam from my memory. This video sums up my hate dislike of spam in my inbox.
By Inman News, Monday, March 10, 2008.
RE/MAX Real Estate's remax.com http://remax.com/ Web site hopped into second place among the most popular real estate industry Web sites in February, up from its fourth-place ranking in January, Web metrics company Hitwise reported Friday, and real estate marketing company HomeGain http://www.homegain.com/ bumped from second place in January to fifth place in February.
On Friday Bear Stearns, one of the largest investment banking firms in America, became illiquid. They had over 7.7 billion dollars of assets but they could not find enough buyers of these assets to pay their margin calls. Even the discount window at the Federal Reserve didn't help enough. So in the end JP Morgan Chase will buy Bear Stearns for $2.00 a share. A total cost of $236 million dollars, only 80% of the value Bear had last week.
Yes, I am a bit surprised by this since I think we have a bunch of crazies on the road. I guess everyone has their share of bad drivers but this puts things in persepective.
The mortgage market is more volatile than it has ever been. In the fifteen years I have been in lending I have not seen a market quite as crazy as the one we have now. We have seen rates drop to a low of 5.25% in the last of January to 6.25% today. The reality is investors are very fearful to put money in mortgage backed securities. Even those held by institutions like Fannie Mae and Freddie Mac. To me this makes absolutely no sense. But these people have seen over 120 Billion dollars in write offs in mortgage backed securities.
