Kevin Hancock's Advice

Will, Will, Will... (shaking head)

The numbers in the CDS market are staggering.  I heard $53 Trillion at one point, which is close to the $57 Trillion net worth of all  US households.

Propping up the housing market = bad / artificialStabalizing the housing market = good / sustainable

Rather than driving rates down by purchasing securities, the feds should determine the criteria for qualification and then subsidize interest rate buy-downs.   This could move people off the sidelines and stabalize home prices, rather than creating a temporary spike in demand and subsequent correction. They should also work on tax incentives that motivate qualified buyers to take action.  As long as people think there is a benefit to waiting the market will continue to deflate.

It sounds like a personality conflict.  You should move on and try to find somebody who is willing to work with you, and who you enjoy working with.  Referrals from your friends, family, and co-workers are an excellent resource.  Good luck!

It seems to me that we have 2 choices right now: a quick and very painful correction accross the board, or a long, drawn-out and only slightly-less painful recession.  It seems like we are heading toward the latter right now, with bailouts and stimulus.

VA Borrowers are eligible for the credit. According the information released on July 30th regarding H.R. 3221, "If the financing is obtained by means of mortgage revenue bonds (i.e., through a tax-exempt bond-related financing program offered by a sate housing agency), then the purchaser is not eligible for the tax credit." There are also income limits to be aware of  - $75k for single filers and $150k for those filing jointly.

Great post Gregorio.  I have only made a couple of quotes since the system was adjusted.  I wasn't including the new fees because I noted that I would include them on the GFE and figured if it got to that point I could get accurate quotes rather than just estimating.  Now that I have jumped back on the threads and see that it's become such a hot issue, I will definately include them in the future. Take it easy on Steve... consumers don't always understand the business.  What?  He's an agent?  Oh, well a new agent can't be expected to know everything.  What?  He's been in the business 25 years?  He's a managing broker?  Yikes Oh well, at least he was able to let us know how great his rate is.

I clicked the link and read the first two sentences of his bio.  Wow!  Seems to contradict what he's doing to Linda.

The media rarely get's anything right when it comes to lending... they just don't get it.  I think that's why they allow all of the misleading advertising on their radio stations and in their papers.