Lending and everything Midwest - Larry's blog

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Mortgage and Lending - Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - NMLS ID# 158606
Designed as an open forum that just allows people to talk about anything pertinent. Not politically correct...just facts, fun, advice, expertise and opinions expressed here.



Today's Market CommentaryThe past 48 hours have been among the most confusing in years as the Fed, by delaying its announcement of its liquidity facility for 18 hours after the FOMC meeting, created wild market swings and added to concerns that they are behind the curve. Bond prices plunged on We...
The chicago tribune said today that we are neck and neck with texas to be the next in alliance with the department of energy to get a coal power plant.  What makes this so unique that anyone would want to get back into the coal mining business?  Or even the coal burning business?  This plant burn...
After the brutal loss to Dallas 2 weeks ago, many thought that Green Bay was out.  Now their the number two team in the NFC and have about six of their injured players returning prior to the playoff run.  It'll be interesting to see what happens.  I'm curious as to whether or not they'll be able ...
Stock markets were disappointed in the Fed's Tuesday policy decision, mainly that the Discount rate (the rate the Fed lends to banks) wasn't trimmed by 0.5 percentage point. The takeaway was that the cut was insufficient given the worry over further damage to the financial sector. The gains in bo...
Borrowers Get Year-End Gift from Fed The Federal Reserve lowered interest rates today for the third straight meeting of the FOMC. What does this mean? Well, if you're looking to capture the best home loan rates, you need to act now. For those with an application already in process, you should pro...
Today's Market CommentaryYields rose again on Monday, bringing the rise over the past week (since Monday, December 3) to 30bp across the curve. Stocks were fairly strong and financial stocks enjoyed a continued recovery, partially in response to news of significant cash infusions, despite continu...
Today's Market CommentaryMarket focus is now on the Fed with a 70% plus chance of a 25bp cut at this weeks FOMC meeting based on CBOT futures trading. If the decision is not for a 25bp cut, a greater probability is assigned to a 50bp cut than to no change. A lack of liquidity and investor anxieti...
Yields rose rather sharply on Thursday for the third straight day, leaving the curve slightly higher than Friday's close. The Paulson plan to stave off some foreclosures found criticism from both sides, those saying it's not broad enough and those saying it goes too far (isn't that the definition...
Depending on the data you are looking at, national average home prices are down significantly. On average, this trend will continue, but consider three things. First, the hardest-hit markets drag down the average depreciation. Second, mid to high priced homes were more inflated than entry level h...
As reported in the Mortgage Daily News, Several hours before President Bush announced the details of his administrations plans to assist homeowners who are facing foreclosure the Mortgage Bankers Association released its delinquency survey for the third quarter.The survey showed that the number o...

Larry Bettag

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 1 “Let not your heart be troubled; you believe in God, believe also in Me. 2 In My Father’s house are many mansions; if it were not so, I would have told you. I go to prepare a place for you. 3 And if I go and prepare a place for you, I will come again and receive you to Myself; that where I am, there you may be also. 4 And where I go you know, and the way you know.”
(John 14:1-4, New King James Version) I review for BookSneeze

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Larry Bettag

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