So the debt ceiling is all fixed? Too bad. What else will generate so much hyperbole from our politicians? There were stories of terrorism, global disaster, and economic meltdown. My favorite was this one from Nancy Pelosi who insisted the debt limit be raised massively, "We're trying to save life on this planet as we know it today." Rep. Michelle Bachmann worried that raising the debt limit at all would be "like saying we embrace being Greece." It was fun to watch. Rep. Maxine Waters said the final compromise bill "may be the single-worst piece of policy to ever come out of this institution." Maxine needs to brush up on her history, this comes nowhere close.
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Have you ever not thought ahead, and then found yourself marooned? I found myself thinking of this as a friend of mine was complaining about a roof leak he had that was causing massive damage to his bedroom. Not only Read the rest of this entry »

The Federal Reserve Controls Mortgage Rates? NO IT DOES NOT! There are many conspiracy theorists out there that think the Federal Reserve controls interest rates, and a lot of other things. As much as I dislike the Federal Reserve, for being arrogant enough to think Read the rest of this entry »

I barely know what "above par pricing" means, and I have been in the mortgage business for 25 years! I'll see if I can explain it, and why you need to know about it. Read the rest of this entry »