Jake Planton's blog

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Mortgage and Lending - www.JakePlanton.com - 209327
RECENT BLOG POSTS
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I sent this email out yesterday to my realtor partners.  Lots of changes coming down the line.  If you want more info on the loan modification aspect of this, let me know! There are some changes coming down the pipeline that I wanted you all to be aware of.  Look below for information on debt-to-...
11/20/2008
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Here is my new ad: I am really excited about it, and my Internet traffic went up when I put it on the car. (it says jakeplanton.com, lending specialist).  We will see if this is just a strange phenom, or if it will be a lasting thing.  We will see. The reason for this post is not for the ad thoug...
10/28/2008
7 Comments
Watching CNBC, and they are saying credit cards could be the next big drop...here is a scary graph: This may get worse as people lose their jobs, and they can't wrap that debt into their home anymore. What do people think is going to happen?  Is this going to be the next big shoe to drop...and sq...
10/17/2008
Looks like guidelines are changing on us.  Here are some coming down the pipeline from Fannie Mae, set for December 13th: The actual guidelines 1) Bankruptcy and foreclosure need to be seasoned for 48 months now; used to be 24. 2) Authorized user accounts on credit are going to be scrutinized mor...
10/17/2008
I was browsing the 'Youtubes' and I found this great video about a former Lehman Brothers employee who had to make some 'accomidations' after getting laid off...best line of the whole thing?  I guess I will work at Starbucks, ya know, make a few extra hundred thousand dollars, to get by.  LOL!   ...
10/17/2008
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So, now that I have a website, I am working my butt off to not spend too much money, but still advertise.  I met a realtor last week that gets 100 pages views a day on his site, and gets 2-3 people to write to him a day.  I want to match that, and beat it, if I can.  I started a Google AdWords ac...
10/14/2008
7 Comments
I just found a great blogger from Seattle that posted an amazing article really summing up how this housing crisis is hurting the average American, or 'Joe Six Pack' as one of our candidates likes to call them...Read it here.
10/13/2008
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I am sick and tired of hearing people say that the reason we have all these subprime loans is because of Fannie Mae and Freddie Mac.  That is simply not true.  I used to work at a subprime lender (not the best job in the world, trust me).  But, I learned a lot.  Our main investor was Merrill Lync...
10/13/2008
Today, as many of you may know, is Columbus Day.  It is a federal holiday, and there are lots of people that have the day off.  My office is closed for the day, and as far as I can tell, people are actually taking the day off.  I do not think I have really had a day off in a couple of months.  An...
10/13/2008
I found this on a random joke website..no author was given.   Whether Democrat or Republican, you should get a kick out of this! A little boy goes to his dad and asks, 'What is Politics?' Dad says, 'Well son, let me try to explain it this way: I am the head of the family, so I am the President. Y...
10/09/2008
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