Author Archive

Republicans, Democrats, or Real People

Written by Timothy Blake on July 28, 2007 under Archives, Opinion

With analysts divided over whether the economy is fundamentally on the upswing or showing signs of deterioration, politicians weighed in with their views as well. After the Commerce Department released the initial report on how the nation’s gross domestic product performed during the April-to-June quarter, Republicans and Democrats quickly offered their interpretations of the numbers.

Adjustable mortgages adjust the stock market

Written by Timothy Blake on July 28, 2007 under Adjustables (ARMs), Archives

An adjustable-rate mortgage taken out in 2005 that adjusted earlier this year means $400 more each month in payments. That’s based on the average prie of the average home, around $250,000. Now don’t break out the calculators just yet, as I’m giving you rough information from statistics, as I remember my stats classes and those wonderful discussions on mean, medium, and norm.

Borrowers try settlement offers to save homes

Written by Timothy Blake on July 28, 2007 under Archives, Suggestions

Common logic once told borrowers that it was shameful to declare bankruptcy. Our parents told us or taught us, to always pay our bills. Lenders knew the basic human values, and that one would always make their house payment and their car payment. But somewhere between those days and today values and expectations changed.

Mortgages are no threat to the economy

Written by Timothy Blake on July 28, 2007 under Government Positions, Opinion

It is late July as I prepare this article. So far 104 mortgage lenders have gone out of business, declared bankruptcy in hopes of starting over, or stopped subprime lending. Economics and the ripple effect tells us for every job lost we see an effect on four others. Communities feel the effects. I personally think what we are seeing, referred to as subprime, is actually a broader issue which touches prime mortgage lending and mainstream America. Some experts think otherwise, or at least that is what they tell the general public.

Mortages Blues Starts Today

Written by Timothy Blake on July 27, 2007 under Archives

As the author and owner of Mortgage Blues let me introduce myself. I’ve worked as an analyst for many years, performing research and doing all things pertaining to the mortgage and finance industry. As such it is long overdue to explain things to real people in a real way, like talking at home. That is the best way to understand what is really going on.

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