Earnell Kelly's (hhm_ekelly) Blog

Good Afternoon,As the year comes to a close, its encouraging looking ahead to a new year filled with unlimited opportunities and prosperity! Okay, maybe I'm just a LITTLE optimistic, but in this business optimism is what keeps us from diving out the window. As the numbers continue to pour in from...

Good Evening,As we approach Christmas, it's good to see that Old Saint Nick isn't the only one participating in the spirit of giving. Today, New England's five largest banks announced the creation of "The Mortgage Relief Fund", targeted towards homeowners in New England facing resets in their adj...

Good Morning,I know it's been a while since the last "Round Up", but as you can see below we have been busy staying in business. As the market continues to turn upside down, many brokers are falling by the waist-side as evidenced by the dramatic increase in license revocations in Connecticut. In ...

I'm sorry, but I just have to say something here. It's really frustrating how politicians are trying to spin the housing situation that brokers are scum (many of which I would agree), and they as our elected officials are the knights in shining armor riding in to save the day. Stiff legislation (...

Good Afternoon,Freddie Kruger, Mike Meyers and Jason combined could not amount to the horror we are witnessing in these scary times. In an effort to calm the evil sprirts lurking, The Fed is expect to reduce the discount rate yet again today. As the housing market continues to slump and the infam...

Good Afternoon,When I was taking drivers education in high school, one thing I remembered was how to respond when your car spins out of control. Most people would slam on the brakes and pull the wheel in the opposite direction thinking it will bring the car under control, when the key is to easy ...

Good Afternoon,I hope you find the below article as enlightening as I have. But please understand the problem we are facing is two fold. Money hungry investors looking for hugh returns coupled with inadequate regulations have made for one fess mess. Although many people in this industry oppose st...

Good Morning,As we continue to witness the changes in the market and legislation being passed and proposed by Congress, it seems that maybe this whole "credit crunch" thing WAS bigger than the government and other naysayers predicted. Even with the rate cuts and agency guideline changes it will b...

Good Morning,"How low can you go". As sub-prime backed mortgage securities continue to do the limbo, other positive developments have risen in the market. After many investors turned their backs on No Income Verification loans (also know as Stated Income loans), some lenders are beginning to embr...

Good Morning,In a large majority vote yesterday, Congress approved a bill that would revise the bankruptcy code to help homeowners facing default and foreclosure. The bill is projected to save more than $650 million in repossessed homes, but just how much is that anyway? It may sound like alot, b...