Toby's Blog

I recently refinaned a loan for a client of mine.  It was a rather easy deal until the end when we ordered the payoff.  When we ordered the payoff, we were told it would take up to 72 hours and was avialable by mail or fax (we chose the fax option).  That was fine becuase we ordered it 2 weeks be...

I FORGOT TO MENTION THAT THIS ARTICLE IS A FEW YEARS OLD, BUT STILL RELAVENT IN TODAYS ECONOMY I just finished reading the following article from Mortgage News Daily on the effects.  Good job MND What Do High Gas Prices Mean For The Housing Market?Just our opinion, but spiraling gas prices may pr...

With all the hub bub going on regarding whose fault it is that the subprime market imploded Senator Christopher Todd (D Connecticut) is suggesting that the Fed make up the new rules for sub prime guidelines.  I disagree.  The final decision still should be responsible underwriters and loan origin...

Manchester is a village in Washtenaw County in the U.S. state of Michigan. The population was 2,160 at the 2000 census. The village is located within Manchester Township.As of the census2 of 2000, there were 2,160 people, 900 households, and 584 families residing in the village. The population de...

This Saturday May 19, 2007 at the American Legion in Manchester, the Manchester Men's Club will present the 2nd annual Ribs & Blues Festival.  There will be live Blues music starting at 6:00 pm.  Please help support the Men's Club by attending this event.  All the money raised by the club goes ba...

The Federal Reserve bank of Chicago has issued a very good study on the tradeoffs between mortgage pre-payments and tax deferred savings.  Click here http://www.chicagofed.org/publications/workingpapers/wp2006_05.pdf to read the study.This article shows that mortgage arbitrage can still exist.  I...

The definition of a CMPS (Certified Mortgage Planning Specialist) is: to raising mortgage industry standards of practice, ethics and professionalism through individual membership, training and certification. to help clients achieve financial freedom, build wealth and experience their life dreams ...

The FOMC decided to leave short term interest rates the same (5.25%) for the 7th straight meeting.  Here is the Fed's statement:  Economic growth slowed in the first part of this year and the adjustment in the housing sector is ongoing. Nevertheless, the economy seems likely to expand at a modera...

I came across this article this morning http://www.marketoracle.co.uk/Article795.html  Please take some time to read it.Although I can't take credit for the content, I must say that the author of the article simply hits the nail on the head.  The Government is not entirely to blame for the curren...

I take the time to read up on the daily Real Estate / Mortgage buzz when I eat my lunch.  Today I came across this  http://money.cnn.com/2007/05/01/real_estate/bubble_buyers.moneymag/index.htm article.  It really "bunched my panties" as the saying goes.  At what point do consumers who enter into ...