Kazwell.com

Soak The Rich To Pay For Healthcare Print E-mail
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Saturday, 11 July 2009 07:06

 Here We Go Again - WASHINGTON  To pay for national healthcare, the politicians now want “rich” taxpayers to Congressman Charles B. Rangelpony-up $550 billion.  The income tax increases would be collected over the next 10 years to cover half of the foreseen cost says Representative Charles Rangel (D-NY.)  He is chairman of the powerful Ways and Means Committee charged with writing tax legislation.  According to The New York Times (07/10/09), Mr. Rangel believes the rest of the needed revenue would be derived by less spending on Medicare as well as reducing healthcare costs.  The ideas that the government could either, accurately project the cost of anything, or reduce the cost of anything else, are comical.  Putting my amusement aside, however, it is the “Robin

 
"Give Me Liberty Or At Least Give Me A Big Screen TV!" Print E-mail
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Saturday, 21 February 2009 06:31

Give me liberty or at least a big screen TV 

Funny, or maybe not.  Reading "Give me liberty or at least a big screen TV!" on my medium size, low definition television, made me laugh. . . and then put a bit of a knot in my stomach.  It is funny because it truly reflects the mindset of many.  The knot came from wondering how many share this mindset?  Has the American spirit of "can do" been permanently replaced with "What can you do to distract me?" 

There was a slightly different joke going around a few years ago.  It also made me laugh because of it's
 
Kazwell's Book "The Mortgage Meltdown" Published Print E-mail
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The Mortgage MeltdownStanley J. Kazwell, Jr. is the author of a new book, The Mortgage Meltdown:  The Mindsets That Got Us Here and What You Can Do About It. In it he offers a unique perspective on how our current economic situation evolved.  Then he offers solutions to help the reader to “take control.  Your individual life is yours to create.” 

 
Hey California, Can You Spare An IOU? Print E-mail
  
Friday, 03 July 2009 13:21

The Famous Hollywood Sign What does the most financially strapped state in the union do when they run out of money?  They pay their bills with IOU’s.
California is more than merely a microcosm of American style socialism, it is the big kahuna!  After all, it is the world’s 6th largest economy.  It is proclaimed as the richest, most populist, most socially conscious state, and yet it has the most debt.
As the state’s politicians refused to agree on which sacred cows (spending programs) to slaughter, the cash ran out.  On July 2nd, 2009, those doing business with the state, taxpayers who are owed tax refunds, and local governments all started receiving IOU’s (called warrants).
A story in the New York Times makes the following comparison.  “So California is now just like a family that spends more than it takes in and holds off on the cable bill while paying the mortgage: its expenses are greater than its revenues.”  

One has to wonder if the politicians in Washington will see it the same way.  Would you care to bet?

 

 
Stimulus , "No Quick Fix" - - Why Not? Print E-mail
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Saturday, 14 February 2009 00:00

Maybe It Is A St. Valentine Day Treat?

President Obama, Congressional leaders and most economists says that the stimulus package just passed byUnited States Capital Building Congress has no quick fixes.  I want to know “Why not?”
The proponents of the legislation say that the agreement will have some immediate effect.  The bill’s tax cuts, meager though they may be, are being touted to provide an immediate stimulating effect.  These cuts, says the Obama team, will spur a certain amount of economic activity by stimulating consumer spending, and creating (or at least preserving) some jobs.  If so, then why not have this stimulating effect the centerpiece of the stimulus package?

 
Notable & Quotable Print E-mail
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Tim Geithner, Secretary of Treasury designee“I used TurboTax to prepare my returns.” 

Tim Geithner, Secretary of the Treasury designee, told Congress during his confirmation hearing about his tax payment failures, January 21, 2009

 
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MortgageDaily.com News

  • Wells Adds 6,000 Servicing Jobs in 6 Months

    In August 2009, Wells Fargo Home Mortgage reported that its U.S.-based servicing staff stood at 11,500.

    At the time, the company noted that it was staffing up to handle a backlog of pending loan modifications.

    As of February, Well Fargo's servicing staff climbed to more than 14,500 employees, according to data reported by Moody's Investors Service.

  • Berkshire Unit Settles With NC

    A settlement with Vanderbilt Mortgage and Finance Inc. was announced by the North Carolina Office of Commissioner of Banks.

    The state alleged numerous violations of North Carolina law.

    Vanderbilt was included in the 2006 acquisition of Clayton Homes Inc. by Berkshire Hathaway.

  • AMCs, BPOs and Appraisal Compliance

    Coester Appraisal Group reported that its survey of more than 1,500 licensed and certified appraisers found that average turnaround on appraisals was two to three days regardless of whether the appraisal was ordered through a third party or not.

    An alternative to broker price opinions was released last month by Valligent.

    Global DMS announced its appraisal process management software is up-to-speed with the new Federal Housing Administration appraisal requirements and guidelines.

  • Risk of Default Drops

    A report announced by the University of Michigan's Ross School of Business indicated that the risk of mortgage defaults declined between the fourth-quarter 2009 and the first-quarter of this year.

    It was the lowest point for the index since 2005.

    The index reportedly measures the risk of default on newly originated mortgages by tracking local and national economic conditions.

  • Fifth Third Expanding in Tennessee

    Fifth Third announced plans to expand in Tennessee.

    The company said Geoff Hill was tapped to oversee the expansion as head of a new Tennessee mortgage division.

    A spokeswoman told MortgageDaily.com in an interview that the bank entered the market with its 2004 acquisition of another bank.

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