Since Day 1 on the job. The United States is under seige!!! We have a political party that is intent on no progress. The Republican Party want to see President Obama fail like the Bush administration failed. In there party ethics manual as long as they gain some type of power it will be worth it. They continually say, "this is Obama's economy," "Obama policies is the reason we are doing so poorly," "Barack Hussein Obama is Hitler," and a whole lot of other things involving a lack of citizenship, a socialist agenda, and an unconstitutional take over of the United States of America.
There actions are designed to put their Republican an Tea Party affiliates into office come November 2010. How much more will America take of their antics? Why are not more people talking about this? How can we move forward with 45% of the people content to see the Nation fail?
Thursday, July 1, 2010
Wednesday, February 24, 2010
Mortgage Rates - Market Outlook
With mortgage rates at a 40 year low, we are finally seeing a turn around in buying activity since the three year down turn. There is a buzz among buyers as the bursted bubble is developing into an opportunity of a life time that looks to remain viable for another 2 years. The big question is will we have a sustainable recovery? Indicators are positive with home prices at an all time low and impacted primarily with high foreclosure rates as greedy banks are trying everyway possible to squeeze the last penny out of homeowners in financial turmoil.
While we see an unemployment level of 9.7% there is a recognition that unemployment is the first and foremost issue to address within the Government sector - hence a 15 Billion Jobs Bill and an expansion of the Small Business Loan Program. In addition, we have witness the solidifying of the Banking Industry through globalized bailout efforts allowing for future stabilized funding.
Tuesday, August 5, 2008
ZERO DOWN PAYMENT
Recently I read a post concerning the existence of ZERO DOWN PAYMENT Programs. The writer stated that these programs were a scam and did not exist.
Well I am HAPPY to say they do exist and you can purchase a home with ZERO CASH out of your pocket at closing. There are a multitude of programs available through the US Department of Housing and Urban Development, State and Local organizations provide for Police, Medical Personnel and Teachers to receive some assistance and there are Seller Paid Programs available. primarily there is a waiting list associated with all of these programs with the exception of the Seller Paid Programs.
The key components to participating in the Seller Paid Programs is for your Realtor to be aware of negotiating for 6% closing cost and 3% Down Payment Assistance prior to signing a sales contract. It is important to be aware of the specifics reagarding this program and to select the right house that will not only appraise for the total purchase amount but for the Seller to agree to participate within the program parameters.
Unfortunately, while this opportunity is presently available NEW legislation (H.R. 3221) signed by President Bush July 30, 2008 will eliminate all Down Payment Assistance Programs Financed by the Seller.
H.R. 3221, Housing and Economic Recovery Act of 2008 is now a law. This bill contains a provision (SEC. 2113) that forbids FHA from insuring mortgages in which the downpayment comes directly or indirectly from an interested third party (such as the seller), beginning October 1, 2008. In addition, on October 1, 2008 the minimum downpayment will be increased for all FHA Loans from 3% to 3.5%.
The Nehemiah Down Payment Assistance Program is an example of a National Non-Profit Organization created to allow individuals the opportunity to participate in ZERO DOWN programs. They encourage all home buyers and real estate professionals to get educated and get involved.
I am pleased to announce that a new bill, The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 (H.R. 6694) was INTRODUCED by several members of Congress on Thursday, July 31, 2008. Representatives Maxine Waters, Gary Miller, Al Green and Christopher Shays sponsored this bill that if passed and signed into law will allow downpayment assistance to continue indefinitely.
However, it is important to recognize not everyone agrees that all should have an opportunity for homeownership.
Knowledge is power... 3 WAYS TO ACT NOW!!!
1. Contact Your Elected Official
2. Stay Informed
3. Purchase Before October 1, 2008
Should you have any questions, our Customer Service Department is available at 954-252-1760 from 9:30 a.m. - 5:00 p.m. EST to answer your questions.
ACTIVE|RAIN
You can find great local Davie, Florida real estate information on Localism.com EARL JOHNSON is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
Sunday, June 15, 2008
Happy Fathers Day!!!
THE WORLD'S #1 ISSUE IS HAVING PARENTS PROVIDING A MORAL COMPASS FOR OUR CHILDREN. THIS WILL BE ACCOMPLISHED THROUGH EXAMPLE AND BY ALL PEOPLE (WOMEN, MEN AND CHILDREN) DEMANDING CHANGE. WE ARE NOT THERE YET, WE ALL NEED TO BE ROLE MODELS.
US Fed News
June 18, 2007
SENS. BAYH, OBAMA INTRODUCE LEGISLATION TO CONFRONT ABSENTEE FATHER EPIDEMICThe office of Sen. Evan Bayh, D-Ind., issued the following press release:
Sens. Evan Bayh (D-IN) and Barack Obama (D-IL) today introduced legislation to encourage more men to take responsibility for their children and to address the challenges faced by millions of American families as a result of the national epidemic of absentee fathers. In Indiana, one out of every four Indiana families is headed by a single mom, according to the Indiana Youth Institute Kids Count. Nationally, in the last 40 years, the number of children without fathers in America has more than quadrupled, from 5 million in 1960 to more than 24 million today. An estimated 40 percent of the children who live in fatherless households have not seen their fathers in at least one year.
The Responsible Fatherhood and Healthy Families Act of 2007 removes government penalties on married families and offers support for fathers trying to do the right thing while cracking down on men who avoid their parental responsibilities. The bill would provide fathers with innovative job training services and other economic opportunities, while expanding the Earned Income Tax Credit to help non-custodial parents trying to support their families. It would also increase child support enforcement by helping governments collect a projected $13 billion in payments from those who don't fulfill their parental responsibilities.
The Bayh-Obama legislation would help ensure that money paid for child support goes directly to children and their mothers and does not result in loss of food assistance for eligible families. It would also strengthen domestic violence prevention services.
"Conceiving a child doesn't make you a man, but raising one responsibly does," Bayh said. "The fatherhood crisis is an issue many politicians would prefer to avoid, but elected officials have a moral obligation not to sit idly by while communities crumble because of the epidemic of absentee fathers. I am not naive enough to believe that government alone can solve this problem, but together we can play a constructive role in crafting policies that attack the root causes of this epidemic. Fatherless children are more likely to do poorly in school and have emotional and behavioral problems. They are more likely to commit crimes, smoke cigarettes, and abuse drugs and alcohol. Many of our most pressing societal ills can be addressed by tackling the fatherhood crisis effectively."
"As fathers, we need to teach our boys what makes you a man is not just having a child, it's having the courage to raise a child," Obama said. "Congress can make it easier for those who make that responsible choice--and make it harder for those who avoid it. This legislation will provide support for fathers who are trying to do the right thing in making child-support payments by providing them with job training and job opportunities and expanding the Earned Income Tax Credit. It stops penalizing marriage in the tax code and makes sure that children and families, not the government, receive every penny of child support. It would also crack down on those who avoid their responsibility by increasing child-support enforcement, a measure that will collect nearly $13 billion in payments that can help raise, nurture, and educate children."
Studies show that children without fathers in their lives are five times more likely to live in poverty and commit crime, nine times more likely to drop out of school, and 20 times more likely to end up in prison. They also are more likely to have behavioral problems, to run away from home, and to become teenage parents themselves.
In the U.S. House of Representatives, companion legislation is being introduced by Congresswoman Julia Carson (D-IN) and Congressman Danny Davis (D-IL).
"This is good legislation for families across Indiana and America," Carson said. "It sends a message to our men that, once you become a parent, you have a responsibility to that child and we're going to hold you accountable, but we're also going to provide you the tools for success. The role a father plays in the life of a child is invaluable, and it's heartbreaking to consider that almost 25 million kids in this country grow up without a father in their lives. This legislation will take steps toward changing that."
"This bill is a key component of a fresh approach to family support, one which supports and strengthens families before they are at risk," Davis said. "This legislation provides the tools to strengthen relationships between fathers and their children and encourages fathers to become good nurturers and providers. The fullest positive participation by fathers helps to create a caring environment capable of fostering optimal child development, promotes humanistic cultural and community traditions while reducing poverty, teenage pregnancies, juvenile delinquency and incidents of child abuse and neglect. In the process of assuming responsibility for fatherhood, fathers themselves acquire new self confidence, new parenting skills, higher educational accomplishments and greater economic independence."
Last year, Congress passed legislation based on a proposal introduced by Senator Bayh that provided up to $50 million each year for the next five years in funding for responsible fatherhood programs nationwide as part of the spending reconciliation bill.
US Fed News
June 18, 2007
SENS. BAYH, OBAMA INTRODUCE LEGISLATION TO CONFRONT ABSENTEE FATHER EPIDEMICThe office of Sen. Evan Bayh, D-Ind., issued the following press release:
Sens. Evan Bayh (D-IN) and Barack Obama (D-IL) today introduced legislation to encourage more men to take responsibility for their children and to address the challenges faced by millions of American families as a result of the national epidemic of absentee fathers. In Indiana, one out of every four Indiana families is headed by a single mom, according to the Indiana Youth Institute Kids Count. Nationally, in the last 40 years, the number of children without fathers in America has more than quadrupled, from 5 million in 1960 to more than 24 million today. An estimated 40 percent of the children who live in fatherless households have not seen their fathers in at least one year.
The Responsible Fatherhood and Healthy Families Act of 2007 removes government penalties on married families and offers support for fathers trying to do the right thing while cracking down on men who avoid their parental responsibilities. The bill would provide fathers with innovative job training services and other economic opportunities, while expanding the Earned Income Tax Credit to help non-custodial parents trying to support their families. It would also increase child support enforcement by helping governments collect a projected $13 billion in payments from those who don't fulfill their parental responsibilities.
The Bayh-Obama legislation would help ensure that money paid for child support goes directly to children and their mothers and does not result in loss of food assistance for eligible families. It would also strengthen domestic violence prevention services.
"Conceiving a child doesn't make you a man, but raising one responsibly does," Bayh said. "The fatherhood crisis is an issue many politicians would prefer to avoid, but elected officials have a moral obligation not to sit idly by while communities crumble because of the epidemic of absentee fathers. I am not naive enough to believe that government alone can solve this problem, but together we can play a constructive role in crafting policies that attack the root causes of this epidemic. Fatherless children are more likely to do poorly in school and have emotional and behavioral problems. They are more likely to commit crimes, smoke cigarettes, and abuse drugs and alcohol. Many of our most pressing societal ills can be addressed by tackling the fatherhood crisis effectively."
"As fathers, we need to teach our boys what makes you a man is not just having a child, it's having the courage to raise a child," Obama said. "Congress can make it easier for those who make that responsible choice--and make it harder for those who avoid it. This legislation will provide support for fathers who are trying to do the right thing in making child-support payments by providing them with job training and job opportunities and expanding the Earned Income Tax Credit. It stops penalizing marriage in the tax code and makes sure that children and families, not the government, receive every penny of child support. It would also crack down on those who avoid their responsibility by increasing child-support enforcement, a measure that will collect nearly $13 billion in payments that can help raise, nurture, and educate children."
Studies show that children without fathers in their lives are five times more likely to live in poverty and commit crime, nine times more likely to drop out of school, and 20 times more likely to end up in prison. They also are more likely to have behavioral problems, to run away from home, and to become teenage parents themselves.
In the U.S. House of Representatives, companion legislation is being introduced by Congresswoman Julia Carson (D-IN) and Congressman Danny Davis (D-IL).
"This is good legislation for families across Indiana and America," Carson said. "It sends a message to our men that, once you become a parent, you have a responsibility to that child and we're going to hold you accountable, but we're also going to provide you the tools for success. The role a father plays in the life of a child is invaluable, and it's heartbreaking to consider that almost 25 million kids in this country grow up without a father in their lives. This legislation will take steps toward changing that."
"This bill is a key component of a fresh approach to family support, one which supports and strengthens families before they are at risk," Davis said. "This legislation provides the tools to strengthen relationships between fathers and their children and encourages fathers to become good nurturers and providers. The fullest positive participation by fathers helps to create a caring environment capable of fostering optimal child development, promotes humanistic cultural and community traditions while reducing poverty, teenage pregnancies, juvenile delinquency and incidents of child abuse and neglect. In the process of assuming responsibility for fatherhood, fathers themselves acquire new self confidence, new parenting skills, higher educational accomplishments and greater economic independence."
Last year, Congress passed legislation based on a proposal introduced by Senator Bayh that provided up to $50 million each year for the next five years in funding for responsible fatherhood programs nationwide as part of the spending reconciliation bill.
Sunday, May 18, 2008
Oil Price - The Economy - US Policy: Solutions
DUBAI (Reuters) - Oil markets are balanced and there is no need for an emergency
OPEC meeting before September despite record oil prices, Qatari Oil Minister
Abdullah bin Hamad al-Attiyah said on Saturday.
"The oil market is balanced... There is no threat to or crisis in supply," he told Al
Arabiya TV by telephone. "At the moment, I don't think there is a situation that is
big or dangerous that requires a meeting before September."
OPEC is next slated to meet in September to decide on output policy. Runaway
gains that have lifted oil to records close to $128 a barrel had prompted talk this
month that OPEC might consider raising its output before its September
meeting if crude prices keep rising.
Under pressure from consumer nations hard hit by the rally, OPEC kingpin Saudi
Arabia said on Friday it had boosted output by 3.3 percent, or 300,000 barrels
per day, to loosen up the market and make up for declines from other producers.
But Saudi officials at the same time said that the increase would not reduce
prices at the pump.
Our challenge is growth not an OPEC handout. We need to decrease our need for OPEC/oil. We need alternative energy solutions for driving, boating and energy generation. Basic principles will make this happen. This is the biggest threat to a growing US economy. The solution is our policies on alternative energy and how we commit to those that are developing the technology to bring our society to a new evolution. The Federal Government must INVEST in this type of research and technology. All of our great inovations came about based on that (whether it is every day appliances that you find in your home, technological products you use day-to-day without realizing it or pharmicuetical products you enjoy over the counter) so lets stop wasting time talking like you are trying to do something and get the job done.
Any billionaire interested in addressing this issue, please feel free to contact me. The profit is there to be made and I would love to help make it happen.
Thursday, May 15, 2008
The Affected -- Changes Since May 15, 2008
FHA is not the ONLY game in town but let's face the truth... it is the BEST resource you will have to get the BEST rate and it is what you have to rely on for forward opportunities within a continuingly tightening market.
Banks are creating more roadblocks, Government is trying to stimulate the economy by providing the banks money and lowering the interest rate, but the Federal Reserve has been slow to coordinate any activity with the Central European Banks; therefore as the United States rate goes lower - the European Rate stays the same... as the United States dollar decreases in value - the Euro value to US increases.
With the entire world rely on the US to consume their goods... and the US rely on the entire world to provide the goods, the US prices are increasing and with a lack of job growth and economic stability... all prices are increasing resulting in Americans buying ONLY the necessities and in some cases defaulting on the over-extended credit cards and investment opportunitites that now look like crap.
Banks are taking the hit when Americans are defaulting on the over-extended credit cards and investment opportunitites that now look like crap... Guess what the Banks do when they see that... BINGO - CREATE MORE ROADBLOCKS, because no one in their right mind will lend money to someone they know can not pay it back. They may give you money because they care about you getting on your feet again... if it is to their best interest to have you on your feet. SO GUESS WHAT... now the Government is trying to GIVE YOU MONEY!!! New legislation is passing left and right to stimulant bank lending policies and to stabilize the housing market, the FED Reserve afterall did cut the interest rate to 2% and they are continually flooding the FED Banks with $$$ money $$$ to lend to other banks.
This has been termed "the credit crunch." FHA maximum loan amounts jumped from $417K to $729K maximum as a result of this crunch and to help stimulate the housing market. Fannie Mae is currently preparing to provide programs allowing people to get UP TO 120% of the value to allow those affected by decending values to REFI with the expectation that prices will recover and people will be able to make their monthly payment. In addition, FHA is creating a new program where they will allow "credit challenged" Americans affected by "the credit crunch" to NEGOTIATE with the Bank to take a small loss on the total loan amount and accept a payoff that is reasonable to FHA Guidelines to avoid foreclosure and provide a lower payment with a lower interest rate to those that qualify financially. These are changes to be made... LORD KNOWS when! (I expect all adjustments will occur within 1 year - bureaucracy is slow.)
Have no fear though, A CHANGE is on the horizon and when these programs take off, it will have an impact on you... regardless of who or where you are. If you are breathing... you will be affected. In the meantime, if you are experiencing CASH FLOW problems, cut back on the spending and try to keep as much cash as possible in your pocket. If you have cash available you may want to consider taking advantage of the deflated home values and find a piece of property in a beautiful are for pennies on the dollar. Try to keep the ratio at 45 cents to a dollar. Take the time to learn how to BE SUCCESSFUL AT WHAT YOU DO. If you don't know then get the RIGHT people around you that are willing to teach you.
Banks are creating more roadblocks, Government is trying to stimulate the economy by providing the banks money and lowering the interest rate, but the Federal Reserve has been slow to coordinate any activity with the Central European Banks; therefore as the United States rate goes lower - the European Rate stays the same... as the United States dollar decreases in value - the Euro value to US increases.With the entire world rely on the US to consume their goods... and the US rely on the entire world to provide the goods, the US prices are increasing and with a lack of job growth and economic stability... all prices are increasing resulting in Americans buying ONLY the necessities and in some cases defaulting on the over-extended credit cards and investment opportunitites that now look like crap.
Banks are taking the hit when Americans are defaulting on the over-extended credit cards and investment opportunitites that now look like crap... Guess what the Banks do when they see that... BINGO - CREATE MORE ROADBLOCKS, because no one in their right mind will lend money to someone they know can not pay it back. They may give you money because they care about you getting on your feet again... if it is to their best interest to have you on your feet. SO GUESS WHAT... now the Government is trying to GIVE YOU MONEY!!! New legislation is passing left and right to stimulant bank lending policies and to stabilize the housing market, the FED Reserve afterall did cut the interest rate to 2% and they are continually flooding the FED Banks with $$$ money $$$ to lend to other banks.
This has been termed "the credit crunch." FHA maximum loan amounts jumped from $417K to $729K maximum as a result of this crunch and to help stimulate the housing market. Fannie Mae is currently preparing to provide programs allowing people to get UP TO 120% of the value to allow those affected by decending values to REFI with the expectation that prices will recover and people will be able to make their monthly payment. In addition, FHA is creating a new program where they will allow "credit challenged" Americans affected by "the credit crunch" to NEGOTIATE with the Bank to take a small loss on the total loan amount and accept a payoff that is reasonable to FHA Guidelines to avoid foreclosure and provide a lower payment with a lower interest rate to those that qualify financially. These are changes to be made... LORD KNOWS when! (I expect all adjustments will occur within 1 year - bureaucracy is slow.)
Have no fear though, A CHANGE is on the horizon and when these programs take off, it will have an impact on you... regardless of who or where you are. If you are breathing... you will be affected. In the meantime, if you are experiencing CASH FLOW problems, cut back on the spending and try to keep as much cash as possible in your pocket. If you have cash available you may want to consider taking advantage of the deflated home values and find a piece of property in a beautiful are for pennies on the dollar. Try to keep the ratio at 45 cents to a dollar. Take the time to learn how to BE SUCCESSFUL AT WHAT YOU DO. If you don't know then get the RIGHT people around you that are willing to teach you.
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