It has been a while since I have written on my blog. I'd like to say it was because I was busy working, but the housing market is still slow and interest rates on mortgages are going up. Another obstacle I face in my business, is the cost of poor credit is going up. Fannie Mae is now charging extra closing costs in the form of points to people with scores of 720 or below. In light of this, now I will be writing more government loans like Federal Housing and Veteran loans who do not penalize people who have had credit challenges. Even our State Housing Program changed all terms of financing; going from 100% financing to 95-97% with stricter underwriting standards; things are changing daily.

Regarding my credit situation, I have not been able to negotiate any more settlements on my credit cards and the balances are growing. I only pray daily that something will happen to give me hope soon. I hate to think of the alternatives if I can't work all this out.

I'm preparing my house for sale; I've owned it for 26 years and I have mixed emotions about selling, but we can't continue with two houses. I've been fortunate to have a good tenant through the winter in our smaller home; without a tenant I don't know what we would have done. The rental house is smaller and much cheaper to live in and with things the way they are, we need to downsize.

This is a very scarey time in our economy; I'm watching heating fuel, gas, groceries and housing cost soar and I wonder how my youngest son will ever be able to live on his own. I believe we are in an official recission and I wonder were we will go from here?

Well I can't solve the worlds problems today so I guess I'll go outside today and rake the lawn. We still have some snow out there but I'll work around it.
I hope everyone is enjoying this nice week up through the east coast.