Wade’s World

For the first time in over a century, golf will be back as an Olympic sport. A strong presentation was made in person to the Olympic committee in Copenhagen headed by PGA Tour VP Ty Votaw also featuring PGA and LPGA tour stars Padraig Harrington, Suzann Petterson and Michelle Wie. Tiger Woods and Ernie Els also shared their sentiments via video from the President’s Cup.

Wie delivered a particularly moving speech casting a vision of herself dreaming of a chance to sink a putt to beat Tiger or Ernie.

“I can dream about doing something that neither Tiger nor Ernie (Els) have ever done, and that is to make the final putt to win an Olympic gold medal,” Wie said. “If this dream comes true, somewhere in the world there will be another 4-year-old who sees me on that podium and perhaps starts her own Olympic dream.”  -Michelle Wie

Jack Nicklaus also commented:

“I think it’s fantastic, an unbelievable day for the game of golf,”  “The impact is going to be felt all over the world, which is what I’ve always felt about the game. The game is a mature game in many countries, but it never had the opportunity to grow in many others. People of all walks of life will be inspired to play the game of golf, and play for sports’ highest recognition. For all sports, that has been a gold medal.”  -Jack Nicklaus

Golf will be back at the 2016 Olympics in Rio as well as the 2020 games where the location has yet to be announced. The format will be a 72-hole stroke-play tournament for men and women, with 60 players in each field.

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Barry Habib

Barry Habib regularly featured on CNBC, long time mortgage broker, expert on rate movements and author of the most widely read mortgage industry news update with lock and float recommendations “Mortgage Market Guide” http://www.mortgagemarketguide.com/barryhabib/aboutbarry.html says you need to get that refinance in and locked immediately.

“Federal Reserve Chairman Ben Bernanke spoke on Capitol Hill last night and said that the low interest rate environment will likely be needed for a while. However, he went on to say that as the economy heals, the Fed will hike rates quickly to ward off inflation. This is exactly what we have been concerned about, and writing of and explaining those concerns to you for some time. We certainly agree with Mr. Bernanke’s comments – and while inflation is not an immediate issue, it will become a problem down the road. And the ending will not be pretty for rates.”

There is no doubt that rates are going higher, and clients are simply foolish to not take advantage of the current environment, as it is highly unlikely that rates will ever be lower or even potentially equal to where prices have been over the past week.    -Barry Habib

The New York Federal Reserve purchased $20B in Mortgage backed securities in the latest week, bringing the year-to-date total to $924B out of the $1.25T allotted for the program. Here’s a key  point…let’s do some math. The Fed will purchase $301B more through the end of March 2010, which is 25 weeks from now. Simple math tells us that 301 divided by 25 equals about $12B per week in purchases, which the Fed may elect to do so as $24B every other week. This is obviously a significantly lower amount of buying of MBS, which in turn, will lead to softer Bond prices and higher mortgage rates. There’s no disputing the math.”- Barry Habib

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Recent changes to the lending process may result in longer closings, more paper work, and even mortgage loans being denied to customers with excellent credit and large down payments! As a Real Estate agent you paycheck is on the line!

Thankfully, I have reserved you a copy of the most important career impacting information you will ever have in today’s market! It is called How to Shorten the Sales Cycle and Get Paid Faster! If you want to save your paycheck go listen to this important pre recorded tele-seminar right now!

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Wade Conway

615-838-8777

Wade@wadeconway.com

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You know Glenn Beck is catching all of the crap from the liberal crowd http://wadeconway.com/?p=86 and some of his advertisers pulling ads. All over a statement of opinion.

Being that the ACLU is supposed to fight for free speech, do think they will defend him if he were to get sued over it?

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Ok so it is reported that around 30 or 40 of Glenn Beck’s  advertisers pull their ads because some liberal polidiots at some group with an agenda of their own got a bunch of their brainless followers to call and cry foul to the companies.

It is not clear exactly how many,  as the folks at www.defendglenn.com have called and confirmed that all but 11 have denied the claims that they have pulled their ads from the show.

Isn’t it interesting that the very folks that are usually such proponents of free speech forget it so quickly when someone says something that they don’t agree with.

I am going to get an accurate list of the companies that have given in to the political blackmail and I will not shop with them and I recommend that you do the same.

Here is the confirmed list of ad pullers according to www.defendglenn.com

• CVS Caremark
• Ally Bank
• Geico
• Sargento Cheese
• Progressive Insurance
• Broadview Security
• Radio Shack
• Men’s Wearhouse
• Lawyers.com
• Health Choice (Con-Agra)
• Plavix (Sanofi-Aventis)
• Travleocity

This is the list according to www.defendglenn.com/advertisers.php

You can find a link to their contact us pages at the link above.  Let’s let them know which of their competitors will be getting our business now and how much business they will be loosing.

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The “Federal” Reserve is to get more power under the Obama administration’s new regulatory overhaul. They are to have “sweeping authority to regulate any company who’s failure could endager the US economy” according to the Washington Post.

Isn’t this like letting the fox gaurd the hen house? There is nothing “Federal” about the Federal Reserve except it’s name. Again, it is simply a cartel of the banking industries most influintial and wealthiest interests watching out for their own and letting you and I bail them out when they are deemed “too large to fail.”

In other words, now the system will be able to be used to manipulate big business interests and bail out more of them with tax payer dollars providing more fat cats with golden parachutes on the backs of working class Americans.

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There is a guy named Conway playing in the US Open this week. Stephen Conway that is from UCLA. I guess it is good to see the name Conway on the leader board. He was even through the first few holes so his name was on page two. He made it in open qualifying in 2004 as well. I wish him well.

That gives me an idea for a fantasy golf game. People with the same last names as players on tour take those players as their own in some type of contest. Maybe they also play a golf tournament themselves and add the scores together. I could see how this could be popular in team formats of foursomes as well.

I can see my team now.  Bucky Woods, Ryan Scott. Crap, I don’t know anyone name Villegas or Weir. Maybe I can come up with someone named Perry. That would be easier.

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FNM 4.0 Tanks

The Fannie Mae 4.0 Bond dropped over 200 ticks today in a major correction. All parties, banks, insurance, hedge funds ect. were selling in a big way.

The effect will be in mortgage rates on new origination rising .375 to .5 % to the 5% or so range for conforming loans with no loan level price adjustments.

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Upon insurmountable debt, the failure of government owned Fannie and Freddie and the obviously unending spending frenzy of the government how can the credit rating agencies still be giving US credit the highest rating?

It is rumored that back  in the first Bush administration that the executive branch threatened the credit rating agencies when they considered downgrading the US credit rating.

Some argue, myself included that being that we have resorted to printing more money and hence devaluing our own l in order to pay our debts, that we have,  in any sane evaluation, destroyed our credit rating no matter how S&P or Moody’s grades it.

Others argue that the credit rating can only be maintained through the sovereignty of the US military, in essence making the US the safe haven for currencies of all types.  I think there is a valid argument there, but it could lead to the dollar no longer being the de facto currency of the world.

It as also arguable that upon recognition of this fact, and the complete disintegration of the dollar based economy and therefor any economy that is so tightly bound to it (all of them basically) that the only safe money is in commodities that will inevitably result in returning to  a bartering economy.

Could this be just the stick that the liberals need to shove the one world currency down the throat of the US citizens? See http://www.youtube.com/watch?v=7nD7dbkkBIA and www.bilderberg.org on one world currency. The long version of Russo’s opinion http://video.google.com/videoplay?docid=-1656880303867390173

I am  not saying that all of this is gospel, but check it out.

Give me control of a nation’s money supply and I care not who makes its laws.

Mayer Rothshchild

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Well we have yet another change to the government programs to help homeowners out there. I think this just goes to show you about the inefficiency of government. This is the third program in less than 6 months that has been enacted with little or no effect on the housing business as of yet. It does look like it has some merrit, however, it is rewarding those that overbought in home by using the tax dollars of those that have not to bail them out.

Talk about the pinnacle of “victim mentality.” Why don’t we all just go out and buy more house than we can afford and apply for one of these governement bailout loans that are good until December 2009. I know my wife would like a bigger house. Wouldn’t yours? Nothing like having the “government” pay for it.

If Obama gets his way and the biggest tax hike in history that he is proposing gets passed, your mortgage deduction for interest will be severly cut, as well as the death tax and corporate taxes increased by over 100% some say, so you have to get it back somehow. If the government is rewarding ignorance, I guess well all have to become ignorant.

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