Anna and I have received several invitations to parties with free booze and food. Phone calls, emails, coupons, and trinkets in the mail. We are being courted. The gravy train that was so enviable these last 5 years is starting to grind to a halt. Fighting over scraps, cards are offered at the slightest provocation. Blood is in the water, and our suitors are getting desperate.
As a cold hearted bastard, I find the whole thing amusing. If you are of a similar persuasion, you will probably want to click this link: “Downtown San Diego Condo Rave, Drinks,Sushi,Fashion&neg-am io financing“.
It has it all – suspiciously handsome neighbors in skimpies, an ice block logo, and a DJ. The commentary and photos are well worth the clicky. You know you want to. (via SD Blog & MetaFi)
I’d like to link another gem – Regulators To Issue Mortgage Warning. The gritties:
“As the real estate market slows, some mortgage lenders are trying to prop up profits by relaxing lending standards for certain types of loans, endangering borrowers and financial institutions, a top banking regulator said yesterday…Reich said regulators are “closely monitoring” the growth of loan types in which the payments can suddenly double, creating a payment shock that could force borrowers into foreclosure if housing values were to fall and could also cause financial losses for the lenders who make the loans. Reich called the increase in such lending troubling. He noted that regulators are crafting a specific warning to the industry, known as a guidance, that will restrict the use of these loans. It could be issued within the next few months.”
There could be some clouds on the horizon when these ARMs hit the 3 year mark.