Lending and everything Midwest - Larry's blog

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Mortgage and Lending - Larry Bettag - Cherry Creek Mortgage
Designed as an open forum that just allows people to talk about anything pertinent. Not politically correct...just facts, fun, advice, expertise and opinions expressed here.

ARCHIVED BLOG POSTS

2008 

FHA is now running as strong as ever.  What had dwindled down to less than 3 percent of the market is now well over 40% of loan fundings in 2008.  For all practical purposes FHA is now THE LOAN OF THE NEW MILLENIUM.  Alt-A (or alternative doc loans are all but gone).  Stated income loans, no inco...
08/26/2008
Check this out.  The referendum on the ballot!  Most importantly, it's the referendum of Campton Hills.  The village is trying to get this removed, but it appears that all is good.  Very excited to have this on the ballot.  Let's see if we can get this Village to go away.  Check out www.kanecount...
08/25/2008
17 Comments
I can't handle it.  I hate the stuff.  I can't wait for a fix though.  OK...just one more time and I'm done.  Jeeez....I must be some sort of junkie.  My friends always called the TV show "24"....Crack TV.  Once you sign on, then you can't get off.  The Hotel California. Active Crack, er Active R...
08/25/2008
Senator Obama blasts the bible. He takes passages and just distorts things. He calls the Sermon on the Mount "so Radical." Give me a break. The only radical is Obama. I'm not a big McCain fan at all. In fact, this year I'm voting against someone as opposed to voting for someone. It's too bad that...
08/25/2008
My team double crossed me.  Sure Favre was a waffling back and forth too old, but not too old player who can probably play for another 100 years, but his mind keeps getting in the way.  Favre waffles more than a those seen in a pancake house.  The team moved on, but Brett didn't.  The bottom line...
08/20/2008
The KAne County Chronicle Today wrote about the village dissolution....A question to dissolve the village should not be on the Nov. 4 ballot because it is the wrong election and it was filed too soon after incorporation, four Campton Hills residents say.In court papers filed late Friday, Edward F...
08/19/2008
Wow...had the greatest Daddy kid day ever!!!  Very simple, but totally what the Bettag family and the rest of America seems to be missing nowadays.  Today the entire family went to church first thing in the am.  Thereafter, I gave mom the morning off.  She went out to eat by herself and we had a ...
08/17/2008
The week's headline economic report showed that inflation rose far more than expected in July, yet mortgage rates barely reacted and ended the week essentially unchanged. Bizarre to say the least.  The July Consumer Price Index (CPI), the most widely watched inflation indicator, rose at the fast...
08/17/2008
Michael Phelps just finished the 4 X 100 medley.  Let' just say that this was close....o so close.  The United States won.  Michael Phelps sets the record with the most golds in a single Olympics with 8 of them.  He finally breaks Mark Spitz's 7 golds records.     How cool for Mike! I always thin...
08/16/2008
Just a little more info on this Economic Recovery Act.... •Applies to owner occupied purchases from April 9, 2008 through June 30, 2009 •Tax credit of up to $7,500 for first time homebuyers - no ownership in the last three years (credit = 10% of cost of home up to $7,500) •Income restrictions for...
08/14/2008
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