Richard's Real Estate Thoughts

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Mortgage and Lending
Mortgages, Mortgage, Home loans, home finance, home refinance, home purchase, credit, credit scoring, credit repair, conventional, FHA, VA, Rural Development, investment, First Time Home Buyer, investment, FHA 203k, renovation loans, Chattanooga, Knoxville, Cleveland, Nashville, Memphis, North Georgia, Hamilton, Bradley, Sequatchie, Catoosa, Walker, Davidson, Tennessee, Georgia, Ooltewah, Soddy Daisy, Signal Mountain, MLO NMLS 184479, TN Lic 40161, Georgia Mortgage Licensee

ARCHIVED BLOG POSTS

2009 

Last night two local teams, the Lady Bucs of Boyd-Buchanan and the Lady Lions of Red Bank, won state championships in high school volleyball. For Boyd-Buchanan this year was a return trip to the Class A state final. This year they won, completing a 20-0 season within their state classification. T...
10/31/2009
The Calculated Risk Blog is a highly recommended read. This week there was a post with this chart on the growing distinction between new and existing home sales. The phrase used is "Distressing Gap." In the post, some important points were made about the increased value to employment and the econ...
10/31/2009
With numerous good reports on the economic front over the last few weeks, many are starting to suggest that the recession is over. Jobs though continue to be a problem. To answer questions about the impact of the stimulus program, the administration has announced that the stimulus is approaching ...
10/30/2009
The administration support, and the approaching deadline, has given much momentum to the extension and the expansion of the First Time Home Buyer tax credit.And the Senate Finance Committee has pushed forward a proposal to extend a credit to existing home owners. Included in the Senate bill is al...
10/30/2009
The Chattanooga Community Kitchen is in the process of its Fast Day Fund raiser. Member churches and other organizations ask their members to skip a meal and to donate the cost of that skipped meal to the Community Kitchen. This fund raiser has taken different forms, but has been the main fund ra...
10/29/2009
Whether or not you agree with the First Time Home Buyer tax credit, the Obama administration through Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan has called for the credit to be extended. Such support from the administration may very well be sufficient to pass the extension. Ev...
10/29/2009
The Chattanooga Renaissance Oktoberfest was held this past weekend. Despite the threat of rain and the cool weather the turnout was good. Music, food, activities and fun times highlighted the event. The proceeds went to help the Chattanooga Education, Arts, and Culture programs.     Dancing and ...
10/28/2009
This past Sunday Parade Magazine published an article entitled "Beware of Reverse Mortgages."  The article was misleading on a number of fronts, but the biggest issue I have with the report is that it presented legitimate issues that a home owner should consider immediately beside fraud and discr...
10/27/2009
With four closings today, totaling 8 in October, the FDIC closed bank list broke 100 to reach 103 for the year. Today there were 3 Florida banks and 1 Georgia bank. The ramifications are many.    You Tube video from FDIC Chairman Shelia Bair, At present the FDIC fund is stretched. The loss of lo...
10/23/2009
The more I think about the First Time Home Buyer Tax Credit, the less I like the program. In one previous post, I concluded that the credit was not creating new buyers as promised, but only borrowing from future sales. In other words, we are paying for purchases that would have taken place withou...
10/23/2009
Rainmaker
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Richard Smith

FHA VA Rural Development in TN GA
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