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Gnomes, Dog Food and Debt Ceiling
Fri Jul 1, 2011 11:12 AM EDT
The looming deficit crisis and the fear of a government shutdown, forced our family to implement our own austerity program: We parked the SUV with the gnomes (that did not make the small creatures happy because they had to raise their height limit in their garden) …
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Fracking Banks
Sat Mar 12, 2011 12:30 PM EST
Fracking (noun, slang) – 1. the process of drilling with chemically treated water through the ground smashing through layers of rock, freeing oil or natural gas to flow to its rightful owners. 2. term used by the TV series Battlestar Galactica to replace expletive.
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Charlie Sheen and the U. S. Economy
Mon Mar 7, 2011 1:57 PM EST
Charlie Sheen, Muammar Gaddafi and Uncle Sam walk into a bar. Who will pay? The anti-American Gaddafi has all of his money frozen in U.S. banks and investments. Charlie ranted his way out of his billion dollar T.V.
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R.I.P. Arizona Housing Market
Fri Feb 25, 2011 4:19 PM EST
It's official. Our government is slowly killing the Arizona housing market.
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Goodbye Fannie and Freddie, Hello Wall Street
Fri Feb 25, 2011 11:19 AM EST
Discussions are under way to restructure the $11 trillion mortgage industry and wean Fannie Mae and Freddie Mac's dependence from Uncle Sam's battered pocketbook. Fannie was created in 1938 after the collapse of the housing market during the Great Depression.
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Fannie Mae and Foreclosures, Why is it their responsiblility?
Mon Jan 17, 2011 2:07 PM EST
Arizona neighborhoods are filled with foreclosed properties touted as Bank Owned. But that foreclosed property may be owned by Fannie Mae, not a bank. Why is Fannie Mae responsible for some foreclosures instead of the banks? The short answer is because they lost a bet.
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The Grinch Who Stole Our Interest Rates
Thu Dec 16, 2010 2:55 PM EST
All we want for Christmas, other than peace on Earth and the Cardinals to have a winning season in 2011 is for the interest rates to come back down and the economy to improve. Except.....the two don't necessarily go together.
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Getting Happy with QE2
Sat Nov 13, 2010 1:34 PM EST
Yesterday, I went to the Bank of Just Say No to apply for a loan. The soothsayers on the news report the institutions have more money to lend due to Quantum Easing 2 (QE2) and at a cheap interest rate.
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Really? Halting Foreclosures will help our Economy?
Sun Oct 10, 2010 5:13 PM EDT
Fore In their zeal to get homes on the foreclosure auction block, questionable practices were implemented by banks including forging documents and improper notarization. U. S.
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Short Sales and PMI: A Recipe for Foreclosure
Sat Oct 2, 2010 12:35 PM EDT
Are you a real estate a,ent working on short sale approval for your seller? Under the best of circumstances it can be a challenge. But there could be an additional twist on loans that were originated back in 2005 to 2007.
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Changes in Residential Appraisals and the effect on our Home Values
Mon Sep 13, 2010 7:22 PM EDT
The weapon of Arizona mass property devaluation is finally getting shot down a notch or two. Effective September 1st, Fannie Mae (conventional loans) issued a new directive to lenders addressing concerns on today's appraisals.
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FHA and the Changes to Come
Mon Aug 30, 2010 10:08 PM EDT
FHA, home buyer's go to mortgage of choice in today's lending environment, is changing their mortgage insurance effective October 4th. FHA was formed in 1934 by the government to help stabilize the housing market during the great depression.
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The men behind the economic curtain
Mon Aug 16, 2010 4:25 PM EDT
The man behind the curtain, Ben Bernanke, is quickly discovering that his Ivy league education, fraidy-cat advisors and bag of tricks are not enough to keep the economy propped up long enough to avoid the oncoming storm.
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Five Ways for Fannie Mae and the Banks to Help Stabilize the Housing Market*
Sat Jun 26, 2010 12:42 PM EDT
*without stimulus money. Fannie Mae's directive to freeze out home owners for seven years, who bail on their current mortgage, brought tears to the eyes of Arizona home owners with their tender concern for current customers.
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The threat of Deflation
Sun Jun 20, 2010 1:13 PM EDT
Last Saturday we watched the U. S. tie England in the World Cup Soccer match at a local bar. Skill and a lot of luck enabled the Americans to play for another day. The U. S. Economy is suffering from a type of malaise. We just can't get things started.
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How to dress like a pirate and still keep your job
Tue Jun 8, 2010 9:42 AM EDT
On our way back from Rocky Point over the weekend, the border patrol professionally handled irate Americans who were waiting in line to get across. When we asked our border guard how he was doing, he replied, "I'm standing and getting a paycheck.
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The Arizona Economy needs CPR
Wed Jun 2, 2010 8:15 PM EDT
If the Arizona economy were a patient, paramedics would be called to perform CPR. Our fragile state's once booming economy was in the midst of a recovery from the economic poison of residential overbuilding and the mortgage meltdown.
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Run to the Border
Fri May 14, 2010 10:18 AM EDT
Diego and his best friend were making their weekly run to the wine store to stock up on boxed wine when they were stopped. It turns out the five pound Chihuahua did not have the proper documentation. He had jumped into the car without bringing it with him.
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Dear Bank of America,
Sat Mar 27, 2010 2:42 PM EDT
Dear Bank of America,
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Stop! In the name of the economy
Sat Feb 27, 2010 1:13 PM EST
This past week the administration serenaded the American housing market with the same old songs and repetitive lyrics.
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We are the Olympians..
Sat Feb 20, 2010 7:44 PM EST
The American Economy should take lessons from our 2010 Olympic champions. The American athletes are playing with injuries that would put the rest of us in a hospital for an extended stay.
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It's all Greek...
Sat Feb 13, 2010 1:37 PM EST
Bail outs are taking on a new meaning in today's world. A few short years ago bail out meant contacting Dennis, the bail bondsman to borrow money to get my irresponsible brother out of jail.
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New Moon Rising
Sun Feb 7, 2010 2:43 PM EST
The new moon next week (no, not the one with beautiful blood sucking teenagers or ripped hairy guys) begins the Chinese New Year celebration of the Year of the Tiger. Fireworks are a tradition: a call for the Dragon to come ward off evil spirits.
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Running On Empty
Sat Jan 30, 2010 1:20 PM EST
One day after President Obama's State of the Union address with the promise of adding more jobs, the City of Phoenix announced they are cutting 1379 positions including police officers and firefighters to offset the $242 million deficit.
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Who'll Stop the Rain?
Sun Jan 24, 2010 1:09 PM EST
The housing market continues to cloud our economic recovery throughout the United States. The Obama administration has finally admitted its $75 billion program to stop foreclosures may need some more tweaking.
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