The power of imagination!
8 years ago
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Inman News; Imagine housing without a secondary market
Comments (10)Mary, the secondary market is what's behind the lack of liquidity in mortgage financing today. Due to delinquencies & poor quality ratings the secondary market has all but dried up making it more difficult for people to obtain mortgage financing. Definition: The secondary mortgage market allows banks to sell mortgages, giving them new funds to offer more mortgages to new borrowers. If banks had to keep these mortgages the full 15 or 30 years, they would soon use up all their funds, and potential homebuyers would have a more difficult time to find mortgage lenders. Many of the mortgages on the secondary market are bought by Fannie Mae or Freddie Mac. Other are packaged into mortgage-backed securities, and sold to investors. This market is called the 'secondary market'. It's 'secondary' because the purchaser of the mortgage is not the entity that originated the note/mortgage. Examples: Fannie Mae buys mortgages from banks, a process known as buying on the secondary mortgage market. Fannie & Freddie are crucial to mortgage financing. They are GSEs (Government Sponsored Entities) yet independant corporations traded on the NYSE. They are at the epicenter of yesterday's market convulsions. It is estimated that the two GSEs hold about $5T in mortgage assets. /tricia...See Moremis-placement of meter socket on a custom built home.
Comments (11)Well , I talked the Electrician down to $600 bucks to move it under the stairs of our walk out basement. -and- I had to give up our $600 dollar generator install option and $450 dollar pre hot tub 220v intall. Sounds like this is still costing you OVER $1000.00 ! My first question as to who is to blame- - Did YOU sign off on these plans "pre-construction"? When I built, I went over every single sheet of the plans, (finding several "mistakes" and omissions), and having the architect/builder correct them and I signed off on each revision and sheet of plans prior to the first shovel of dirt being turned. If it is shown on the plans in that location, and you signed off on it, it is your "nickel" to move it. If it is shown in another location, and the GC/Electrician put it there for "convenience" then it is their "nickel" to move it. You may want to talk to the local Chief Electrical Inspector or the Chief Building Inspector before all the final hookups are made-something does not sound right about having the meter socket at the front entrance, not only aesthetically, but for safety reasons, blocking/delaying egress from the structure in an emergency, if the panel should catch fire!...See MoreWeek 11: Imagine what can happen in 52!?
Comments (83)So Friday the lady from the Mid-Atlantic Gardening board over there came with friends and her brood to start stripping downed trees. They're taking all the branches off and sorting them into thicknesses. When they get enough, we'll be renting a digging thing to make trenches. It was beautifully overcast, so they got a lot done. I, OTOH, did pretty much nothing. Went to the store and got more Citristrip and some hose mending things. I'm trying to work my soaker hoses in a logical pattern with my newly arranged garden. This thing ain't your mama's garden. It's at least 48' long, (yes, feet) by 24 at it's widest. It's got full-sized (now! Yeah!) maples, a 'Golden Dawn' redwood, a London plane tree and many other large shrub & crape myrtle things. I cleared out a TON of stuff (with more to go) and am going to move 4, full-sized Buddleia. It's opened up a garden I can wander through! Pathways!! I'm amazed at its development. Yes, when I get that new phone activated, I'll definitely post pictures. I'm up to 20 hosta in the ground and admit to ordering 8 more. GIANT hosta, for the back of the garden, along the fence. I have to remind myself I did accomplish things. Small, but every step moves forward. I'm into my annual, summer doldrums and depression. I just realized this Friday and that always helps me wade through it. The sun grinds me down. I'm so grateful for a cloudy day! We've been 17 days without rain at my house, although all around me they've had nice strong rains. Sometime I'll tell you about an 'atmospheric trough.' Have a good one!...See MoreMeg Rosoff - my new favourite
Comments (6)Yes! I read How I Live Now on the plane to Chicago last summer. I was going to attend the American Library Association's annual conference (in Chicago) and had tickets to the Printz Award presentation. I got to hear her acceptance speech! It was quite moving. She told us how she wrote the book after her sister died of breast cancer. Then, after the book was accepted for publication (and receiving all sorts of accolades) she was diagnosed with cancer. What was really exciting is that I had a chance to actually talk to her earlier in the day (before the awards ceremony). There was a great hall of exhibitors at the conference, and I had read that she would be signing books that morning. So, I took my copy over to her booth--and quite surprisingly--no one was in line (there must have been another big event going on at the time). I told her how much I adored her book (I was a bit star struck). Her publisher asked me if I thought the ending happy or sad. I was kind of taken aback by the question, so replied that it was neither. . .that it was satisfying. I felt so dumb (what kind of answer is that?) but Ms. Rosoff was very kind and autographed my book and continued chatting with me for a few minutes. I haven't yet read Just In Case though it had a really nice write up in the Los Angeles Times about a month ago. I really loved How I Live Now. It was such an quirky book (which is a big part of its appeal, I guess). Even now, a year later, I can clearly remember the main characters....See More- 8 years ago
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