| Stimulus , "No Quick Fix" - - Why Not? |
|
|
| 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 by The legislation comes with a price tag equaling about $3,000 for every man, woman, and child in the United States. Wow! If that was how much tax relief were were talking about, it would be one heck of a stimulus! Instead, we are being told to expect a $13 weekly increase in our paychecks. What I want to know is, what is the other $2,987 per worker (not to mention the nonworking men, women, and children) being spent on? Unfortunately, most of the politicans who voted on it don't know either. They never read the 1080 page spending bill as it was printed just hours before the vote. This a fine example of fiscal responsibility set by our leaders. It makes one want to run home and say, "Hey honey, our finances are a mess. Take the credit card and buy what ever you want! We need a stimulus! What the heck, it's St. Valentine Day, Sweetie! Hey, why not? Stanley J. Kazwell, Jr's book. The Mortgage Meltdown: The Mindsets That Got Us Here and What You Can Do About It , is available at www.Amazon.com ; www.MortgageMeltdownBook.com ; www.CrystalConnectionOnline.com and other fine locations. Quote this article on your siteTo create link towards this article on your website, copy and paste the text below in your page. Preview :
Stimulus , "No Quick Fix" - - Why Not? Maybe It Is A St. Valentine Day Treat? President Obama, Congressional leaders and most economists says that the stimulus package just passed by... © 2010 - Kazwell.com Powered by QuoteThis © 2008 Related Articles
|
||||
Kazwell Newsletter
Mortgage Calculator
Real Estate News
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.


Congress has no quick fixes. I want to know “Why not?”