Brenden's Blog

Three economic reports at 8:30 had a dampening impact on the interest rate markets this morning. Nov retail sales, expected to be +0.6% were up 1.2%; excluding autos sales retail was up 1.8% against estimates of +0.6%. Weekly jobless claims were expected to have declined 3K, they were down 7K. O...

I am working with an investment group and putting together a loan program the we will target to investor to complete rehab properties.  Please let me know what you think of the program.   REHAB INVESTOR PROGRAM   Maximum 60% After Repair Value Interest Rate 14% Upfront Points 3% Pre-payment penal...

Why is it that politicians only like to  "seem" like they are helping.   President Bush earlier this week presented a "solution" for the subprime mess.  If you look at the details of the program, it may help 1 to 2% of those who will end up in trouble from their rate increase.  The person has to ...

For the first time in my life last week, I truly used my voice to express my opinion.   As a mortgage broker, I have seen my profession attached as the cause for the current sub-prime meltdown.  I took that as a hugh insult to the mortgage professionals who like myself have always practiced high ...