Aug

6

What happened to the mortgage industry?

Filed Under mortgage, rates | 2 Comments

I’ve never been a verbose writer. I took a high level Shakespeare class during my last semester in college and the professor wrote on my final paper - “You understand quickly, you write even quicker.” I asked him what his comments meant and he said, when you write, you get right to the point.

Here’s my view of what happened to the mortgage industry. (If you want a more verbose, simply google Mortgage Collapse.)

The subprime mortgage world has fallen flat on its face. Loaning money to people who have proven that they can’t pay back a credit card let alone a mortgage was bad business. These loans started off with a 2 year introductory rate and now we’re seeing those two years expiring and now we’re getting into the adjustment phase. The mortgage entities that bought these loans are filing bankruptcy en masse. As as a result, borrowers who need these loans can’t get them anymore. The effects of these loans are moving up the risk ladder with “ALT-A” companies (the risk level between PRIME and SUBPRIME) starting to close their doors as well. It’s a mess right now and it may take years for all this to get straightened out.

Here are two videos worth watching regarding the mortgage mess:

Jim Cramer (rather calm):

Jim Cramer (going ballistic):

Jan

12

Top Five Fridays - ESPN Personalities that don’t suck

Filed Under sports, top five | 2 Comments

Last week I listed my top five ESPN personalities that in my opinion and many others should get canned. Here are my top five that should get raises:

  1. Jim Rome: Says what every fan wants to say. This video of him calling Jim Everett “Chris” is a classic. Jim Rome went on to bigger and better things (Rome is Burning), Jim Everett didn’t.
  2. Stephen A. Smith: This is my house, but you’re welcome anytime! Leno and Letterman are snoozefests compared to Quite Frankly with Stephen A. Smith.
  3. Kenny Mayne: His trademark dry wit is well suited for his segment on Sportscenter called the Mayne Event. He’s also the pitchman for Progressive Insurance.
  4. Chris Berman: ESPN without Chris Berman is like the White House without a President. Three words: Curtis “My Favorite” Martin.
  5. Suzy Kolber: With all the grace in the world she handled Joe Namath’s infamous “I want to kiss you” pick up line. Sideline reporting at NFL games are ridiculous except for Monday Night Football when Suzy is around.

Dec

1

Musings on my search results

Filed Under blog | Leave a Comment

I’d like to think that my blog is unique, I don’t just blog about mortgages cause quite frankly mortgages isn’t the most exiting subject on the planet. Most mortgage brokers don’t blog (do they even know what a blog is?) so I thought blogging would separate me from the pack. Most of my traffic is derived via Google searches. When I started blogging I sent my url to my past clients, friends, etc. and over the past couple of months I’ve received links from other blogs and sites, but I still get more traffic from google than any other medium. It’s not even close.

Here are some of the search terms (in UPPER CASE) that were used to find my site:

  • NY PIZZA in DENVER: If there’s something I know, it’s NY Pizza. The site for Original New York Pizza is www.originalpizza.us and it’s located here: 1300 W Midway Blvd in Broomfield, CO 80020 to order a pie call (303) 469-9117. Pantaleone’s is another good NY Pizza joint despite the owners being from Soprano country (NJ) here’s their address: 2120 S Holly St # 6 Denver, CO 80222 and number (303) 757-3456.

  • My DENVER BLOG covers Denver real estate, Denver trends, Denver mortgages, and just about anything the gooey substance above my medulla oblongata comes up with.

  • TEDY BRUSCHI of the New England Patriots is one of my favorite NFL players because he plays the way the game should be played and yes, he’s HALF-FILIPINO and HALF-ITALIAN. DEAN CAIN and WILL FERRELL are not Filipino.

  • You can buy STARBURY SNEAKERS in DENVER, Colorado, you can go to Steve and Barry’s located at 8501 West Bowles Avenue in Littleton, CO 80123 call them at 303-904-7513 for directions.

  • FORECLOSURE is a hot topic in COLORADO and DENVER. Fellow Colorado bloggers have tried to minimize the problem. When 90% of the leads that I get from my websites is from Colorado Home Owners facing foreclosure, I’d say foreclosure is a problem. Any way you cut it, people don’t want to lose their homes and saying “sorry, I can’t help you” really sucks!

  • KOSI 101 plays CHRISTMAS MUSIC. Tune to 101.1 on your FM dial.

  • DENVER is not going through a HOUSING BUBBLE BURST. Denver may have flat lined in terms of property value over the past 4 to 5 years but Denver’s real estate hasn’t popped. Who in their right mind would want to move to a booming city that features 300 days of sunshine a year, skiing in our backyard, hiking, biking, great sports, light rail, international airport, great restaurants, and affordable housing? (sarcasm)

  • THE NEXT WASHINGTON PARK could very well be Stapleton, Lowry, Riverfront or anywhere near the Pedestrian Bridge. A realtor would probably be a better person to ask (now there’s an idea for a blog post) so if you need a realtor, just ask. I only work with realtors that won’t waste your time or mine.

  • The DIFFERENCE between a MORTGAGE PLANNER and a MORTGAGE BROKER: a mortgage planner actually gives a rats ass about you as a human being and your long term future. For the record, I consider myself a MORTGAGE PLANNER.

  • HGTV is scouting for new home buyers in the DENVER metro area for their show, MY FIRST PLACE. However, I think this train came and left.

  • REAL WORLD DENVER takes place in LoDo (Lower Downtown) and no I won’t be making any cameos on the show. I believe they filmed the show on Market Street a stone throw away from Coors Field. I’d actually like to see MTV show music videos like they did when I was a kid.

  • CASEY SERIN is facing FORECLOSURE and blogging (www.iamfacingforeclosure.com) about it. The guy is going through hell.

  • DENVER FIX and FLIP and FLIPPING HOUSES in DENVER, please refer to Casey Serin’s blog before you call me about a loan.

  • Yes, there are NY JETS FANS IN DENVER. I’m a die hard NY Jets fan but I don’t know what bar the NY Jets fans congregate. A few years ago it was the Sports Column but when I showed up in my Vinny Testaverde Jersey, there were more Pats fans in the house. Old Chicago on 14th and Market is always a good bet, they show all the games.

  • ALTUS HOME LOANS is not the most reputable mortgage company in Colorado. Their DECEIVING ADS are what they are that’s why they’re in trouble. What’s more concerning is that we want politicians to clean up the mortgage mess. What’s the difference between politicians and a mortgage company? They too make just about any promise necessary to get the deal (elected), then fall short of expectations time and time again.

  • You really need TITLE INSURANCE in Colorado it’s necessary and not a JUNK FEE.

  • WHAT IS WRONG WITH THE DENVER BRONCOS? I don’t have that line anywhere on any of my posts but here’s my answer is “Jake the Snake is not John Elway and neither is Jay Cutler!”

Jul

21

Oh Yeah! Youtube rules!

Filed Under humor, mortgage | Leave a Comment

FAVORITE VIDEO SITES

The top 10 online video sites, according to Hitwise, a technology research firm that ranks sites weekly:

  1. YouTube: youtube.com

  2. MySpace Videos: vids.myspace.com
  3. Yahoo! Video Search: video. yahoo.com
  4. MSN Video Search: video. msn.com
  5. Google Video Search: video.google.com
  6. AOL Video: video.aol.com
  7. iFilm: ifilm.com
  8. MetaCafe: metacafe.com
  9. Grouper: grouper.com
  10. GoFish: gofish.com