Lois's Blog

Good Morning…Here is today’s  report from the Think Big Work Small Guys.  Today the boys are discussing Covered Bonds and the effect they could have on Freddie Mac and Fannie Mae.  As of now they are not wide spread in this Country but could become a force in the future. Think Big Work Small  Dis...

Good Morning…Here is today’s  report from the Think Big Work Small Guys.  Today's discussion is about HARP (Home Affordability Refinance Program), and their raising of the cap to exceed 125% Loan To Value.  Since this is a program that is ineffectual it remains to be seen if this increase will he...

Yesterday the Think Big Work Small Guys were talking about customers doing their due diligence and giving loan officers the information needed in order to get an accurate rate quote on a loan. Don't complain about not being able to get a quote if you don't, or refuse to give the loan officers wha...

The boys at the TBWS Daily show are on a rant about several issues; The United States Postal Service is broke and may go out of business, shredding a piece of our American fabric.  80% of their expenses go to payroll while USP (which is privately regulated) only has 30% going to payroll; so much ...

I asked this question, when answering a post yesterday, and so far have not received an answer.  I hope someone knows how to research the answer. While listening to the radio, on my way to the office the other day, there was a discussion on Mark Rubio running for President in the future.  A calle...

I am watching the President speak, boy is he on a roll; he is talking about tax cuts for the middle class with a $1,500 rebate for families next year, modifying Medicare & Medicaid, closing tax loop holes, and of course taxing the rich. He is going to help qualified people afford home loans and h...

This is just a personal observation and self analysis I seem to be going through.  After watching the debate last evening I have to say I still am on the fence about Romney & Perry; Romney brings experience and polish while Perry bring experience and roughness.  The perception and gut feeling rea...

Good Morning…Here is today’s  report from the Think Big Work Small Guys.  Today the boys are having a discussion on HUD giving the state Attorney Generals information on Robo Signers, and some reasons why they may have done this.  They also discuss Loan Officers not giving loan quotes to people l...

Good Morning…Here is today’s  report from the Think Big Work Small Guys.  Today the boys are discussing the FHFA suing Bank of America and several other financial institutes, for not disclosing the risk associated with those loans processed from 2005 to 2008.  It seems the amount BOA is being sue...

I found this information, posted by Glozal Social Media, very interesting.  It states that a regulator sued 17 large banks and financial institutions on Friday over losses on about $200 billion of subprime bonds, which may hamper a broader government settlement of the mortgage mess left over from...