| Kazwell's Book "The Mortgage Meltdown" Published |
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Stan says that politicians are the problem, not the solution because they are promising “veiled versions of more of the same.” In The Mortgage Meltdown, Stan traces decades of governmental action preceding the meltdown. He explores market - cycles, mass psychologies and conventional wisdoms. He then offers practical advice on upside down mortgages, avoiding foreclosure, and the epidemic of credit driven lifestyles. Prior to publishing, the book was put through a peer review process with several authorities contributing their expertise. Authors, professors, bankers, mental health professionals, and other skilled practitioners gave their input. “It was important to me to get perspectives and guidance from people I respected.” Kazwell explains. “Hearing from these people was a great learning experience and confidence builder.” The Mortgage Meltdown explores the mindsets that created our modern financing system. The author’s constructs a framework in which an understanding can be reached to enable the reader to free himself from the psychologies that drive the masses. Kazwell says “Most people perceive nothing but opportunity when real estate prices, and thus risk, are high and getting higher. On the other hand, when prices and risks are low, most people can only see the problems. In either case, risk and opportunity always co-exist and they need to be properly assessed.” The book explores how these mindsets affect our personal saving and spending habits, as well. “We have become accustomed to living on fi The Mortgage Meltdown: The Mindsets That Got Us Here and What You Can Do About It by Stanley J. Kazwell, Jr. www.Amazon.com ; www.MortgageMeltdownBook.com : www.CrystalConnectionOnline.com Published by Business Management Institute, Inc. Stanley J. Kazwell, Jr is the president of Kazwell Fanancial Services, Inc,; host of the Southwest Florida radio show, "Real Estate Charlotte" heard on NewsRadio 1580, AM, WCCF; publisher of the Kazwell Newsletter ; public speaker: He can be reached at (941) 625-0015 or by clicking the "contact us" button. CONTRIBUTORS THE MORTGAGE MELTDOWN Kent Thune, CFP®, QPFC, blog author, “The Financial Philosopher” Kent offers insightful wisdom on money and life. www.thefinancialphilosopher.com OTHER VITAL CONTRIBUTIONS WERE MADE BY EACH OF THE FOLLOWING. . . Mary Kazwell, her painstaking manuscript evaluations were crucial to the book’s development, she brings incredible focus to the task at hand. - - Michael Kazwell, proofed and is our technical wizard/rescue squad, he keeps it all going. - - Kelly Kazwell, research - - Jean Marie Delacruz, proofreading - - Kevin Kazwell, final proofreading and editing with great dedication to get it right - - Janis E. Kazwell cheered and endured my passion. Her critiques irritated, and inspired me. She is the epitome of love, I am so blessed. - - Stanley Kazwell, Sr. is my mentor and role model. His lifetime influence is the essence of this book. He is a lifelong (and still active at 82) real estate investor, entrepreneur, generous human being, and loving father. Dad, I love you. 
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Kazwell's Book "The Mortgage Meltdown" Published Stanley 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... © 2010 - Kazwell.com Powered by QuoteThis © 2008 Related Articles
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Stanley 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.” 
nanced lifestyles.” Kazwell says. “We have been warned for a year that living on credit was a ticking time bomb, now it is exploding!” He points to Washington as well as state and local governments saying, “Politicians of both parties have set the example and we have followed. We want everything now; we are willing to borrow to have it, then, we are still paying for it long after we have thrown it away.” Kazwell Newsletter
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Serious Late Payments Deteriorate
Total mortgage delinquency of at least 90 days as of June 30 surged 82 basis points from May 31, LPS reported.
The foreclosure rate shot up 47 BPS, according to the report.
The delinquency rate, excluding foreclosures, was up 35 BPS. -
Mixed Performance at M.I. Firms
The Mortgage Insurance Companies of America reported that the number of policies issued in June were 9 percent higher than in May.
The number of new mortgage insurance applications has increased each month since January.
But primary insurance in force fell $10 billion from May.
In addition, primary insurance defaults increased 8 percent. -
Fannie Volume Tumbles, Lates Continue Improvement
New business acquisitions at Fannie Mae declined 31 percent between May and June, according to monthly operational data.
Compared to a year earlier, volume was down 45 percent.
Residential delinquency of at least 90 days improved for the third consecutive month.
Multifamily delinquency of at least 60 days fell for the second consecutive month. -
Rates Better, But Not New Activity
Again the average 30-year fixed-rate mortgage fell to a new record low, Freddie Mac reported.
The one-year adjustable-rate mortgage was down 6 basis points compared to a week ago.
But still, mortgage activity declined 7 percent this week based on the Mortgage Market Index. -
Business Deteriorates at LendingTree
LendingTree Loans closed 43 percent fewer loans during the second quarter than it did a year earlier, according to earnings data from its parent company.
Matched requests at the exchanges segment tumbled 19 percent during the same period.
The company reported 38 fewer exchange segment closings.