FREE MORTGAGE NEWS 4U.COM by Brenda Jarvis

December 16, 2008

"And I love this idea. Congress wants to promote a car czar to oversee the auto industry. You know, even if he's half as successful as Bill Bennett was as the drug czar, oh, our problems will be solved. A car czar. What democracy has a czar?" --Jay Leno "Why is it every time we have a government crisis, we reverse to feudalism? We need a mortgage duke. A duke of mortgages. We need an energy ayatollah in this country." --       Jay Leno "Well, it looks like the automakers are going Read Full Article

November 25, 2008

• Talking about the economy over the weekend, Barack Obama said, “There are no quick, easy fixes.” To which Amy Winehouse said, “There are in my neighborhood.” --Jay Leno   • Down in Washington, the big Capitol Hill Christmas tree arrived. The contract to decorate the tree went to Halliburton for $10 billion. --David Letterman     • Another good day for the stock market. Up almost 400 points today. If this keeps up every day for the next three years, we’ll Read Full Article

November 10, 2008

"And according to a federal report, unemployment claims went up by 300,000. And that's just Republicans in Washington." --Jay Leno "Some of the smaller elections across the country on Tuesday were very close. The election for mayor in a small town in Minnesota was a tie, so they decided to choose a winner with a coin toss. Unfortunately, the economy is so bad, no one had a coin." --Conan O'Brien "Barack Obama promised a new America in which the powerless will have a voice. So, he's Read Full Article

October 27, 2008

The still-tight credit markets are anticipating a half-point interest rate cut from the Federal Reserve this week, but investors are worried it won't be enough to quickly revive the economy.   The Fed has been slashing rates and taking unprecedented action to get market participants back in the lending mood, including launching a facility Monday to buy the short-term corporate debt known as commercial paper. But the central bank has already reduced its key rate—the Read Full Article

October 15, 2008

"This economy is crazy. Are you with me on that one? This is what I saw today. I saw a Lehman Brothers executive walking around town wearing a sign that read, 'Will work for a seven-figure bonus.'" –David Letterman "According to a group of Nobel prize-winning scientists, because of the economic crisis, the planet might actually improve from the damage of global warming, because we're using less fossil fuel and we're saving energy. See, this shows the brilliance of President Bush's plan. Read Full Article

October 9, 2008

If you did not see the 60 minutes show on Sunday October 5th then you missed a great opportunity to understand the underlying issues that are plaguing our financial markets today. Understanding how all the pieces fit will help you as a consumer and a mortgage professional better understand why and how credit works for and against us. This explains the bigger picture of why our economy can be so affected by 6% of mortgages going bad. Most consumers are saying I am paying my mortgage Read Full Article