Thank you, George Bush and Congress for that Housing Bill




On behalf of myself and my family, I would just like to say THANK YOU!
***
Labels: 7500, first-time home-buyer, thanks
Parodies, commentaries, short stories, reviews, opinions ... you never know what you'll read next.




Labels: 7500, first-time home-buyer, thanks
Zane: U must learn the ways of the force if u r 2 come with me 2 alderane!Tony: Damian says hello.
Zane: Tell Damian he will fight bravely 2morrow! [Editor's note: 2morrow being Friday, July 25th, 2008!]
Zane: Look 4 me inbetween dreams and reality and u will finde me darth tony. i wasnt born a legend, i became one.
Tony: You are definitely a legend, like Batman.
Zane: Im the pied piper 2 doomsday!
Tony: You want a dailyskew blog?
Zane: Yes i must address the masses
Tony: Is zaneblack.dailyskew.com okay?
Zane: Yes
Labels: batman, blog, legend, pied piper, zane black
Boosting Fannie and Freddie
To help stabilize markets, which were shaken in the past few weeks by steep declines in the stock prices of Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500), Treasury Secretary Paulson asked Congress on July 13 to give the Treasury power to provide a liquidity and capital "backstop" for the two companies.
Fannie and Freddie guarantee the purchase and trade of mortgages and own or back $5.2 trillion in mortgages.
The bill allows Treasury over the next 18 months to offer Fannie and Freddie an unlimited line of credit and the authority to buy stock in the companies if necessary.
Shares of Fannie closed 12% higher and those of Freddie 9% on Wednesday. Fannie's stock is down 79% and Freddie's 84% over the past year.
Helping at-risk borrowers
The bill also aims to help homeowners at risk of foreclosure and to bolster regulation of Fannie and Freddie. Among other things, it would:
Increase the Federal Housing Administration's role. The FHA could insure up to $300 billion in new 30-year fixed rate mortgages for at-risk borrowers in owner-occupied homes if lenders agree to write down loan balances to 90% of the homes' current appraised value.
Lenders would also agree to pay upfront fees to the FHA equal to 3% of a home's appraised value. Borrowers must agree to pay an annual premium to the FHA equal to 1.5% of their new loan balance. They must also agree to share with the government any profit they realize from selling or refinancing.
Create home-buyer credit. The bill includes a tax refund for first-time home buyers worth up to 10% of a home's purchase price but no more than $7,500.
The refund, however, serves more as an interest-free loan, since it would have to be paid back over 15 years in equal installments. It would be reduced gradually for single filers with adjusted gross incomes above $75,000 and for joint filers with AGIs over $150,000.
Bar down-payment assistance for FHA loans. The bill eliminates a program that has allowed sellers to provide down payment assistance. The seller-funded program is largely the reason why the agency's reserve has fallen by $4.6 billion, according to FHA Commissioner Brian Montgomery. Currently, that reserve is roughly $16.4 billion.
The bill would also increase to 3.5% from 3% the down payment requirement for borrowers getting FHA loans.
Give grants to states to buy foreclosed properties. The bill would grant $4 billion to states to buy up and rehabilitate foreclosed properties.
Labels: bill, borrowers, down-payment, earth-never, fannie, fha, foreclosure, freddie, grants, home-buyer, LME, mortgage, solution
A few days ago, we asked if any of our readers were interested in getting a dailyskew blog. R.A.W. is the first person to take us up on our offer, and now has a free dailyskew.com blog. He's up and running, three posts and counting. Stop in there, feel the pseudo-intellectualism, and give him a hearty skew'ed comment or two!
Labels: blog, dailyskew, free, intellectual, R.A.W.
The One, also called The Reformer, is principled, orderly, perfectionistic, and
self-righteous.
The Two, also called The Helper, is caring, generous,
possessive, and manipulative.
The Three, also called The Achiever, is
adaptable, ambitious, image-conscious, and hostile.
The Four, also called The
Individualist, is intuitive, expressive, self-absorbed, and depressive.
The
Five, also called The Investigator, is perceptive, original, detached, and
eccentric.
The Six, also called The Loyalist, is engaging, committed,
defensive, and paranoid.
The Seven, also called The Enthusiast, is
motivating, accomplished, uninhibited, and manic.
The Eight, also called The
Challenger, is self-confident, decisive, dominating, and combative.
The
Nine, also called The Peacemaker, is gentle, reassuring, complacent, and
neglectful.
Labels: eight, enneagram, five, four, hudson, introduction, Matrix, nine, one, personality types, riso, seven, six, three, two minutes hate

Labels: alzheimer's, memory walk, volunteer
Brett Favre needs to STAY retired. I'm tired of this see-saw situation with him -- every year for the past decade, it seems, we've heard stories about how he may retire ... and when he finally does? He pulls a flip-flop and changes his mind.Favre should care about the Packer fans, who have been LOYAL to him, to a fault! They've put up with all his interceptions in big spots ... they forgave him for looking like an old man in the cold in the NFC Championship game against the Giants with the GAME ON THE LINE. Sorry ... but Favre TOTALLY ran out of gas at the end of that game. It was OBVIOUS. Brett -- it's a YOUNG MAN'S SPORT. Be gracious. Be grateful. You've had your championships. Now back the f*** up, and let Aaron Rogers take over.
How this man could want to play for another organization is BEYOND ME. Talk about LAME-O. It'll be like when Jordan played for the Washington Bullets/Wizards -- remember that one?
Of course, Favre isn't the NFL's equivalent of Jordan. In my opinion, he be OVERRATED. But ... that doesn't matter.
The Packers Organization should, for the good of Favre, for the good of the Packer fans, and the good of the league, keep him on the roster and NOT release him. Normally I side with labor on issues with management, but not this time. Favre is giving labor a bad name. He made a decision -- retirement. The team moved on. And then, he CHANGES HIS MIND LIKE SOME SICK PRIMADONNA THAT NEEDS ATTENTION and THROWS A WRENCH IN THE TEAM'S PLANS!
It's not fair to the Packers organization -- the smallest in the NFL -- and it's not fair to their shareholder fans.
Favre -- stop being afraid of retirement. Enjoy it. Call it day.
And please -- leave us alone.
Labels: Brett Favre, nfl, packers, retirement
Ultraviolet American Dreamin'
looking for tony vahl and damian hospital.
i crash landed on tattooine and i became an old hermit that lived by the dune sea.
but i have been
found,
find me, seek me,
zane black
end of transmission
Wwgmtd?
What would Grand Moff Tarkin do?
R these the droids I've been looking 4?
I'm ahead of my time here
May have to return to the Big O
A friend of mine recently told me that Julia Roberts admitted that she doesn't wear deodorant. He asked me what I thought about that, to which I replied, "I don't think about Julia Roberts."
He chuckled. I continued: "I don't think about her. When she starred in Pretty Woman, I wondered how she was chosen for that role. I don't find her attractive. She's way too thin. She's a coat hanger."
I mean, think about it -- why else do you think Hollywood marriages don't work? The guy wakes up one day, looks at his starlet wife and realized that he's married to a coat hanger! He's got to get out of there!
No wonder famous women are insecure about their looks -- they KNOW guys don't want to marry a coat-hanger, and they ALSO know that they will be OPENLY MOCKED if they gain weight. Kirstie Alley, anyone?
Famous guys are trapped, too. If they go after a voluptious woman, they risk losing movie deals b/c of public perception.
All I can say is -- thank GOD I'm not famous, and thank goodness I'm not married to a coat-hanger.
Labels: coat hanger, married, starlet, voluptious
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