Everyone knows that this market has decayed, and crumbled. Thus leaving only the strongest, the smartest or the dumbest? Seems to me to be like a forest that has been stripped of its trees. Why do I say that? Do you have ANY idea how many jobs where lost last month?
-In August, there were 79,459 mortgage jobs lost! CRAZY?! That is an 85% increase from the previous month of July. Layoffs, seem to be the next big thing. This week Citigroup, Lehman Brothers, and National City Corp are the big fat cutters.
Random Stats:
-Mortgage Rates improved AGAIN!
-Feds Predict in the next few months 1.5 MILLION homeowners cannot afford their mortgages
-Countrywide allows 65% DTI (debt to income ratio)
Questions? Comments?
Reply to my blogs or email me;
Corey.Mullin@gmail.com
http://mortgage-pro-opinion.blogspot.com
2 comments:
Thanks for mentioning my Colts. The turn around for Indianapolis is not just in football, our real estate market here is the most undervalued in the country according to USA Today, Wall Street Journal and Moody.
Give me a call Corey, and lets put your investors money to work in Indy and bypass the scammers that are feeding your California investors overpriced crap that won't appreciate. I love real estate and hate to see new investors taken advantage of just because its the trendy thing to do.
http://MyIndianapolisHome.com
That sounds good to me. I know what you mean regarding "taking advantage of investors". How about we setup a meeting for you and I for Monday around 1pm your time, 11 mine.
Sound good?
What is your phone number?
Corey
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