NAR President Ron Phipps complained recently, “Banks needn’t be so stingy as to only lend to those with the highest credit scores..” Now that’s a laugh! Yes, standards have changed (thank God!) but we’re still lending down to a 620 credit score or sometimes even lower. It’s just that, and I know this sounds like a stretch but, well, the loan has to make some sense. You do need to be earning income and stuff…I know, so picky! If you think people aren’t going to do your deal or a friend’s deal, give me a call. Like Paul and John sang on the album, Day Tripper, “We Can Work It Out”!
Copyright © 2012 Jeff Koch (NMLS: 221501) an agent of Draper and Kramer Mortgage Corp. dba 1st Advantage Mortgage an Illinois Residential Mortgage Licensee (#MB.0004263 NMLS:2551) located at 701 E. 22nd St. Suite 125, Lombard, IL 60148. Telephone 630-376-2100. Regulated by IDFPR, 122 S Michigan Ave, Chicago, IL 60603. Telephone 312-793-3000. Disclaimer: Any and all commentary or opinions expressed on this site are the views of the individual agent and do not necessarily reflect the views and opinions of 1st Advantage Mortgage. All rights reserved.
A Tale Told by an Idiot (or “how the news organizations came up short…again”)
Have you noticed how often news organizations fall into the trap of being just plain silly? They keep recycling the same old material, or they state the obvious about a matter because they’ve got to say something, after all. They’re the news!
The latest and greatest thing I recently saw come off the financial wire was this: “Pent Up Refinance Demand Awaits Lower Rates”. In other words, refinances will increase as rates go down. Well, it’s a bit like stating that rain will come down when clouds absorb moisture- true enough but hardly worth pointing out!
That’s the beauty of blogging and posting versus official media. There’s no pressure to constantly blather- to say something even when there’s nothing to say. Of course, by creating this post I am vulnerable to a similar charge. After all, it’s bad enough that the news doesn’t say anything of substance. Why waste even more breath commenting on it?
Because by being mindful of mindlessness, we can perhaps avoid getting sucked in. We can recognize it quicker, waste less of our own time, and also demand something better.
News organizations seem to have only one mode of operation these days: find a spectacle, and cover it ad nauseum. Then repeat. How about some original thinking? How about instead of beating the same old drum of unseemly events and endless detail, journalists go out across this great land and find the great and good things people are doing everywhere. Now that would be a welcome change.
Then we wouldn’t have this sneaking suspicion (to borrow a phrase from Shakespeare) that the news “…is a tale told by an idiot, full of sound and fury, signifying nothing.”