Rick Kellow's (dad4_2) Blog

Mortgage and Lending - Cherry Creek Mortgage



Hang in there everyone... the worst should be past us The National Bureau of Economic Research said Monday that the United States has been in a recession since December 2007, making it official what most Americans have already believed about the state of the economy.The NBER is a private group of...
The Good News on Jumbo Reverse Mortgages -- HECM Reverse Mortgage Products to Allow Higher Loan Amounts The good news is that by sometime in early 2009, the HUD HECM Reverse Mortgage product will allow a higher loan amount for high value homes - this change was part of the new housing bill that w...
Credit Suisse releast the following statement Friday. "Credit Suisse is closing Lime Financial and exiting the residential mortgage origination business to focus on higher margin businesses where we have competitive advantages and strong franchises, and that support the acceleration of our integr...
  This week I attempted to renew my subscription to Broker Magazine and this is the response I received. This is major lose for our industry. It seems that alot of our trade Magazine are getting smaller. There are less ads and few letters to the editor. We can only hope that the remaining magazin...
 When I moved to Wisconsin from New York I had no idea what St. Nicks Day was. But I have loved the tradition ever since. Waves of European immigrants brought cherished St. Nicholas holiday traditions to the United States. Over time these have melded into some common practices. If one looks close...
  US employers slashed 533,000 jobs in November, sending the unemployment rate to a 15-year high of 6.7 percent, according to official data Friday suggesting the economy is sinking faster than believed. The Labor Department's November report on non-farm payrolls, seen as one of the best indicator...
Don't mention it, please. Post thinks "the best approach is to be upfront" when regifting, but I have to ask: Why spoil the moment? If you tell your sister-in-law, in so many words, "I have no use for this nasty vase, so I'm giving it to you," even a person in need of a vase will hate you. I say...

Rick Kellow

FHA & Reverse Mortgage Expert
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