Rick Kellow's (dad4_2) Blog

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Mortgage and Lending - Cherry Creek Mortgage
RECENT BLOG POSTS
New regulatory filings show IndyMac Bancorp Inc. Chairman and Chief Executive Michael Perry's latest employment contract will pay him a base salary of at least $1 million a year through 2011. Perry stands to receive much more compensation in incentive bonuses tied to the mortgage lender's financi...
03/02/2008
The Federal Reserve is ready to lower interest rates again to brace the wobbly economy even as zooming oil prices spread inflation, Chairman Ben Bernanke signaled to Congress on Wednesday.He is fighting to keep the economy afloat after mighty blows from the housing and credit crises, while trying...
03/02/2008
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Everyone has a to-do list. Most people have more than one.Write a new sales letter Pick up the kids from gym Get the dry-cleaning Go to the bank And on and on We're so busy doing stuff that we don't take out time to decide what we should be doing and what we should not be doing. That's what the D...
03/02/2008
Countrywide Financial Corp. has been reaping profits from "inflated, unverifiable or false" charges in foreclosure actions that threaten hundreds of thousands of homeowners, according to a lawsuit filed in federal court in Delaware.The lawsuit, which seeks class-action status, takes aim at attorn...
03/01/2008
In more bad news for the beleaguered housing industry, sales of new homes fell in January for a third straight month, pushing activity down to the slowest pace in nearly 13 years. The median price of a new home dropped to the lowest level in more than three years.The Commerce Department reported ...
02/27/2008
Generally speaking, there are two ways to go when you are thinking about home improvements. Either you splurge for something purely for the sybaritic pleasure of having it -- that Italian marble bathroom you've dreamed about; that skylight that your spouse has been hinting at for the last six yea...
02/26/2008
1. "This Isn't the Right Loan for You."You've found your dream house and now all you need is a loan. Hold everything, even if you've been through this drill before. When interest rates are rising and lenders' business is slowing down, they often get desperate. The result: You may be pitched a loa...
02/26/2008
2007-12-18 : 1st Choice Mortgage2007-06-27 : ACT Mortgage2007-11-05 : AMC Lending2007-09-27 : Aapex Mortgage (Apex Financial Group)2007-08-22 : Accredited Home Lenders, Home Funds Direct2006-04-14 : Acoustic Home Loans2007-08-06 : Aegis2007-07-23 : Alera Financial (Wholesale)2007-09-07 : All Fund...
02/25/2008
The U.S. housing market weakened slightly in January, with sales slipping, prices falling and inventories rising, the National Association of Realtors reported Monday. Resales of U.S. homes and condos dropped 0.4% in January to a seasonally adjusted annualized rate of 4.89 million. It was the low...
02/25/2008
Sales of existing homes fell to the lowest level in nearly a decade in January while the median price for a home dropped for the fifth straight month. The National Association of Realtors said Monday that sales of single-family homes and condominiums dropped by 0.4 percent last month to a seasona...
02/25/2008
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Rick Kellow

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