Bob Buchanan's (ahswizard) Blog

On Wednesday the 12th ,2008, the Department of Housing and Urban Development (HUD) issued a press release announcing the finalization of its changes to the Real Estate Settlement Procedures Act (RESPA).  HUD has released a Fact Sheet on the final Rule as well as a copy of the new GFE and HUD-1. F...

Rates are on the move, in a good way, DOWN.  Stocks are down, and investors are moving money back into bonds.  Lets hope this gains traction and rates get so low buyes can't help them selfs, but to get back in the market. Name: Bob Buchanan Company: First Assured Mortgage   Email: Contact First A...

Rates: With little or no news to effect rates today, watch the stock market.  If we get a big change in the stock market today, we can see a change in rates, moving the other direction. As of this posting, the stock market is up 290 points at 10:15 local time.  If this trend continues, expect a s...

Will the TV networks go off the air?   Now that the political ads have run us into TIVO mode while trying to watch our favorite TV shows, will there be enough advertizing to keep the networks afloat?  I sure hope so, because I miss shows like 24, and others.  How much work did the two senators ge...

The Bottom is near.  Bottom of what? Stock markets, housing prices, bond markets, commodities and the like are showing signs of being near the bottom of there current values.   Don't think of these markets are having a true bottom, think of this as a natural event taking time.  No one true moment...

Warren Buffett made a statement today that people who keep there hard earned cash under the mattress will fall behind in net worth.  The banks are safe, your cash is now protected and backed by our government.  If your not investing in the market, says Mr. Buffett, you will loose your net value i...

Market Updates:   Volatility is still the name of the game.  The Senate passed a new version of the $700 Billion rescue plan last night by a wide 74-25 margin.  This Bill has a few tweaks from the old one that was shot down in the House, including raising the FDIC insured limit to $250,000 from t...

Look I have been watching rates move up several times each day, since the house failed to pass the bail out plan.  This trend will continue.  It will only stop when our law makers get there act together and pass a plan to loosen up the liquidity paralysiswe are now experiencing.  If and when that...

Now that the house has failed to pass the bail out bill, stocks are down, bonds are up. oil is down, gold is up.  All on the figure pointing at the partisan vote of the house.  So your retirements being held in mutual funds, (that's about 50% of the US) keeps seeing the value drop more and more. ...

Washington Mutual, was seized by the federal Office of Thrift Supervision .  This is the largest bankfailure in US history.  The Assets of Washington Mutual were sold to JP Mprgan Chase for $1.9 Billion.  This story highlights the sense of urgence required to pass some sort of rescure plan quickl...