Today is a proud and emotional day. I salute the families of 9/11 victims, our military, first responders, and our commander in chief for living and dying by the American way of life.
May 2011
Not long ago, a loan agent could fund a mortgage with a borrower’s name and social security number. Those agents are called mirror foggers, as in: “if you can fog a mirror, you can close some loans.” But Quality Control thankfully returned, so you can’t get by on just breathing and self admiration anymore. Today’s
The Economist this week explores how the U.S. reports certain economic stats, including whether the U.S. over-reports GDP only to revise it down later. It’s a short, worthwhile read—graph, excerpt on GDP, and story link below. The first of three 1Q2010 GDP readings came out last week at 1.8%, down from 3.1% in 4Q2010. The
If you’re a homeowner with a mortgage, you’ve probably seen promotions for biweekly mortgage payments come from your lender or a third-party company. Promos usually lead with something like “How would you like an extra $59,314 in your bank account?” or “Pay off your 30yr mortgage five years early!” Let’s look past the promos to