Here's something that may sway a few undecided voters. (Is anyone undecided at this point?) The U.S. debt ceiling is expected to be reached before 2013, the Treasury Department said, but default won't happen until early next year (if at all) because of extraordinary measures. The debt ceiling is $16.4 trillion - with a "T".
Next Monday is observed by many companies as Veterans Day. It originated as "Armistice Day" on Nov. 11, 1919, the first anniversary of the end of World War I. Congress passed a resolution in 1926 for an annual observance, and Nov. 11 became a national holiday beginning in 1938. President Dwight D. Eisenhower signed legislation in 1954 to change the name to Veterans Day as a way to honor those who served in all American wars. The day honors military veterans with parades and speeches across the nation (not necessarily those who died for our country). Those in the real estate and lending businesses know that veterans are a force to be reckoned with: there are almost 22 million of them in the United States (1.6 million females, per the Census Bureau; 2.3 million blacks; 1.2 Hispanics). Over 9 million are older than 65 years, and about 2 million were younger than 35. In other words, prime home owners. (More tomorrow!)
One of the questions that every Capital Markets person faces from the sales staff is, "Can we broker loans - and if not, why not?"...
...(read more)Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/11052012-reverse-mortgages-ocwen.aspx
No comments:
Post a Comment