Archives for: July 2010, 19
Did You Evere Hear Why You REALLY Can't Get a Mortgage?
By James Raymond Reese on Jul 19, 2010 | In News | Send feedback »
Those of you who know me well know that I'm looking for more land in Texas. It just seems like a good time to take advantage of the low real estate prices.
Whenever I ask about the availability of mortgage money, I get the same few answers everywhere across the state. "The banks aren't lending." "Private investors aren't interested in real estate right now." "There's just no money out there." Over and over and over I heard the same things until a mortgage broker in Dallas told me the real story.` It is very true that no one is investing in mortgages...and for good reason.
It seems that Obama decided that mortgage investors are making to much money so he ordered a maximum percentage they could take of any deal.
That sounds good to the ignorant.
What really happened is the percentage he allows them to take isn't enough to cover the fixed costs associated with small mortgages. So they just won't even look at them.
So, now, when you find a great deal like the $175,000 house you can pick up for $60,000 in a short sale, you'd better have cash in your pocket because you're not going to get a mortgage.
Just another lesson in how to destroy the economy.
And now you know whom to thank.
Are You Overweight? You need to fear this!
By James Raymond Reese on Jul 19, 2010 | In News | Send feedback »
As the Obama administration sets its sights on overweight Americans, demanding obesity ratings for all citizens by 2014, the White House has just promoted Obama's personal cook to a senior advisory position.
Sam Kass, a 20-something Chicago chef who had the title "Food Initiative Coordinator," reportedly was upgraded last month to "Senior Policy Adviser for Health Food Initiatives."
This all happens as the Health and Human Services announced this week that, under the stimulus law, health care providers must establish "meaningful use" of electronic health records to qualify for federal subsidies or risk seeing their Medicare and Medicaid payments slashed. The electronic health records must include Americans' body mass index, or BMI, height and weight.
So, now your doctor won't get paid unless you lose weight? I'll bet you didn't know this was in that so-called "stimulus" package.
People, you need to fear what is happening.