Refinance Free Credit

It’s that time of year again.  August is upon us and the summer is winding down.  Everybody is thinking about the new school year. 

 

Parents are making the decisions about what clothes to buy, how much to spend on Georgia’s annual tax holiday and how to rearrange their schedules to make sure that everyone gets to school on time.

 

Don’t let the summer sun over heat you as you travel the hot pavement on Ashford Dunwoody road to go shopping at one of Atlanta’s best malls, Perimeter Place Mall.  Take a few moments to plan your trip and things will be alright.

 

Remember that Ashford Dunwoody Road, the surrounding side streets and the top-end Perimeter can get pretty hectic.  It’s best to use a 10am – 3pm time window when traveling these busy thorough fares.  Fix the family a nice dinner and eat it under the shade of the big oak out back and then head out again after 7:00 and you’ll be fine.

 

Getting the kids new clothes and back to school supplies is only half the battle.  You’ve got to know where which school they’ll be going to as well.  Here’s a handy link with some of the schools in the City of Dunwoody to help you research.

 

http://ga.localschooldirectory.com/schools.php/cPath/3210

http://www.greatschools.net/city/Dunwoody/GA

http://www.schooldigger.com/go/GA/city/Dunwoody/search.aspx

 

The newly formed City of Dunwoody has always had some great schools.  With the formation of the city and the ability to place the proper types of zoning around the schools, the system and surrounding environment should improve even more.

 

Dunwoody is a great place to live and a great place to learn.  One final note, before the summer ends, you must visit The Spruill Center for the Arts and Education.  The Ashford Dunwoody Road location is still having their Wednesday Farmer’s Market from 8am until noon.  Stop by for fresh vegetables and a fun outing with the children before the summer is gone!  ….Open until October….  http://www.spruillarts.org  

 

 

 

In the acronym soup that’s been confronting investors since the mortgage and credit mess began, perhaps none will end up more critical than the QSPE — that’s qualifying special purpose entity, a concept borne of accounting rules that allow banks and financial institutions to keep certain assets off of their balance sheets. Like MBS/ABS, for [...]

1010data, a analytics provider focused on the secondary mortgage market, said Tuesday that it had partnered with Moody’s Analytics; the new partnership gives 1010data direct access to Moody’s internal performance databases for securities in the structured finance market, including ABS/MBS and CDOs. The partnership comes on the heels of a huge fire sale of CDO assets [...]

Ever wondered what becomes of the in-need families that get a new home free and clear as part of the hit television series “Extreme Makeover: Home Edition”? Wonder no more, at least in one family’s case: More than 1,800 people showed up to help ABC’s “Extreme Makeover” team demolish a family’s decrepit home and replace it [...]

A widely-watched home price index released Tuesday morning found continuing record home price declines in key metropolitan markets during May, as the nation’s housing markets continued to feel the effects of a historic market correction that will likely drag on for a few more years. Standard & Poor’s said its S&P/Case-Shiller Home Price Indices registered widespread [...]

It’s official: the FHA gravy train is on its way, at least for mortgage professionals. Recent legislation passed by Congress and expected to be signed by President Bush this week adds $300 billion in muscle to the Federal Housing Administration’s mortgage insurance program. And LendingTree, once a veritable cornucopia of business for many mortgage brokers during [...]

So much for an April promise not to tap equity markets for more capital; Merrill Lynch CEO John Thain said then that the company “had plenty of capital going forward.” He must have meant until the end of July — on Monday evening, Merrill Lynch & Co. (MER: 23.20 -4.64%) said it was heading back [...]

The provisions touted by government lawmakers is projected to be a real help for honest home buyers throughout the United States. Clearly, the rules do not assist speculators or business investors. Still, the "home buyer bailout" may not help as many American citizens or prevent as many foreclosures as government authorities claim.

Qualified borrowers must live in their homes with loans issued between January 2005 and June 2007, while spending at least 31% of their gross monthly income on mortgage debt. If you qualify on these standards, you can note two check marks.

Further, home buyers must prove that they cannot or will not be able to keep paying their existing mortgage while signify that they are not deliberately defaulting on their home loan to obtain lower payments. Whether a home buyer is in a current state of default doesn't matter. Proving circumstances does. If you qualify on these standards, you can note another two check marks.

Home equity lines of credit must be retired. If you qualify, make another check mark.

Total loan debt cannot exceed Continue Reading »

The Massachusetts Educational Financing Authority is unable to grant loans to college students this year as it is unable to secure financing due to the condition of the capital markets.  More than 40,000 college students will be locked out of financing for their college education due to the beating taken on Wall Street.

This is where it gets really unfortunate folks.  Taxpayers bear the burden of a Fannie and Freddie bail out while the companies can still pay out dividends, bear the burden of a Bear Stearns bail out, bail out irresponsible policy and practice and then be shut out of opportunity.  Can you imagine explaining to the parents of those kids that your child won’t get an opportunity at college because of the mortgage mess and their taxes will go towards bailing out those very same people who took away that opportunity?

I think I am officially disgusted.

From the New York Times:

The self-financing state authority, known as MEFA, was unable to secure financing for the 40,000 students it services, said Tom Graf, the authority’s executive director, in a statement. The authority offers fixed-rate loans to students who live in Massachusetts or attend school there.

Mr. Graf said disruptions in the capital markets were why the financing authority could not obtain money.

“While we continue to pursue every possible option, raising the necessary funds to offer fixed-interest rate private education loans is taking longer than originally projected and has become even more challenging,” Mr. Graf said in the statement. “As soon MEFA has secured funding, we will make education loans available. At this time, however, it remains unclear when MEFA will be able to resume its lending activities.”

In April, the financing authority announced it would be unable to offer federal education loans because of the credit markets. In late June it said it would be able to offer private fixed-rate loans, but it now says that is no longer feasible.

“It’s really the capital markets. It’s a global situation,” said Jessica Belt, a MEFA spokeswoman. “We’re looking at other options. It’s uncharted territory for everyone, not just MEFA.”

Share This

From Slate, via The Big Picture.  Pretty good, but I’d put the firemen in a big shadow of China…

Share This