Due to the mortgage meltdown it has been more than difficult to obtain construction financing. Emerald Pacific Mortgage of Huntington Beach has dusted off thier construction financing program for both Residential and Commerical projects, says Mike Mortrud. Construction projects up to five hundred million for commercial projects and up to one million for residential projects are once [...]
September 4, 2008
Market News
Mortgage Bonds are trading slightly higher and have made a break above the important ceiling of resistance at the 200-day Moving Average. A convincing break above this important barrier would signal a major trend shift towards lower rates. It is highly probable that the results of tomorrow’s Jobs Report will be the deciding factor [...]
September 4, 2008
Mortgage Backed Securities are still viewed as kryptonite
We are still experiencing the affects of the Mortgage Meltdown as it crosses over into other sectors of the credit world. The real question here is when will the Bond Funds and Hedge Funds get back into the mortgage back securities market.
Wall Street has sent a very strong message to the banks and due to [...]
September 4, 2008
Obama Watch
Last night Gov. Palin gave us a very good speech and all ready we are hearing comparisons between her and Bush. I heard Sen. Obama saying this morning that Gov. Palin’s speech said nothing about keeping jobs in Ohio. I am not sure what he was listening to but I could not disagree more [...]
September 4, 2008
Episode three of the RNC
This was yet again a historical night as we now have female Republican vise presidential candidate.
Gov. Palin did give a very good speech and I am sure that she has connected with many people.
In all fairness I am very surprised to hear the media attacking Gov Palinfor of all things [...]
D Fragoso