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Attack of the SIlencing GUN! No, Really,This Gun Shuts People Up!!

CA Lemon Law for Cars: How to make Lemonade with your crappy car!!!

Before I present to you the California Lemon Law Resources below...

I have a quick public service announcement:

Just in case you need to know how to make Lemonade with your crappy Mortgage Lender during a horrific Loan Approval process - or you just think I'm funny (which I am....really), then click on the words that come after the "period" symbol coming up right about...now.

 Find a Loan Officer in Aliso Viejo, CA 92656 who has a wonderful humorous disposition, but who is not an idiot...and who will do your loan right, without causing you to lose your house, start drinking, lose your family, end up in AA, lose your job, go straight to a bar, leave the bar to go home, realize you have no home because you didn't use a saavy loan officer, and end up back in AA for a encore.   

Don't go back to AA for an encore:  Find the Best Loan Officer in Aliso Viejo for your Orange County home loan

And Now, back to our Show ->  You may proceed below and fill your brain with cars and lemons, and repairs, and all the information you can handle regarding the Lemon Law of California.

The Lemon Law of California - Find Out Here If You Bought A Lemon?

 Lemon Law Stuff (Link - click it and find out all you never wanted to know about the Lemon Law of California)

If you are buying a home, refinancing, or know anyone who is:  PLEASE READ BELOW and Forward this article to them immediately.  Then, if they want a great Loan Officer in Aliso Viejo, CA 92656, have them click the link immediately for contact information for Paul Neuland.  There they will find a loan officer in Aliso Viejo, who will work to save them from the deadly clutches of the "Paperwork Syndrome" that is causing the death of thousands of American's (home loan approval processes).  

They will thank you for it - and one day, leave everything to you in their wills!      ;)   (Won't that be nice)

What Lender's WISH You Knew When Purchasing a Home For Sale In O.C.

Buying a home in Southern California?  Here is the secret to a great Home Buying experience (on a platter).  When it comes to purchasing real estate in Orange County, and getting approved for a home loan: "Caveat Emptor" - Latin for "Buyer Beware"    

Papercuts:  "The Silent Killer" (of deals).  

his is a famous saying that reminds us as buyers (of virtually any product or service) that we must take a certain amount of responsibility for making sure we don't enter into a unfavorable transaction.  There are plenty of laws to protect us as buyers, from fraud or bad products - take the "Lemon Law" of California for example:  If you a dealer sells you a new car that is repeatedly failing and in need of repairs, the state has enacted legislation to protect you, and gives you the right to take the car back to the dealer and get a full refund.  Many would argue that the laws protecting consumers are too prevalent.  In any case, we can walk around in our daily lives, secure in the knowledge that we don't have to think too much about our purchases.  

However, if you're a Home Buyer in California, and specifically you're looking to purchase a home in Orange County, CA, using a purchase money mortgage loan, then you are protected against fraud or bad loans, but you are NOT protected against the nightmare that is today's infamous Mortgage Loan Approval process.  The Paperwork Syndrome is a new epidemic spreading across the country, and it has led to countless arguments, miscommunications, needless worries. This virus has quickly crept into the mortgage industry and has taken the lives of thousands of newborn loans.  One must, I repeat, MUST educate one's self on how to avoid being infected with this deadly contagion.

That being said, I have something that I must share with all Orange County Realtors, home buyers in Orange County,, as a public service announcement.  In a world full of fluff, where journalism creates more news than it actually reports, here is the genuine article (no pun intended).  A factual, insightful, relevant, and impossibly accurate article written up in Forbes magazine.  Nobody ever "gets" our industry well enough to write a report which every loan officer agrees with.  Low and behold, someone finally did...and it's quite possibly the most important document in America today for Realtors and Loan Officers alike (since we are both hemoraging income at the deadly hands of this simple misunderstanding of the process).  No outsider has put it into such clear and concise words, and since he's not part of the mortgage industry, consumers can read on with confidence.

 THERE ARE 3 PAGES - when you get to the end of the article body, see the large numbers and click each one in succession. ;)  **The antidote contained in this article has not been approved by the FDA.   ***Realtors, please send this to all of your current buyers immediately.  If we can save just one life/transaction...isn't it worth it?  :)

Mortgage Strategy with Paul Neuland: Loan Officer in Aliso Viejo 92656

Looking for a great LOAN OFFICER in Aliso Viejo?  There's thousands of lenders to choose from, so how do you get the best loan officer or mortgage banker to work with you on your purchase or refinance of a home in Aliso Viejo?  I may be a bit biased but I think you should choose me.  There's a time for humility and a time to stand up and say "I can do an excellent job for you and your family".  After years in the financial services industry, I can honestly say, without question, it matters who you do business with.  For most, a home incurrs the biggest bill you pay monthly, the largest tax write-off you claim annually, and the most expensive investment you will make in a lifetime.  Shouldn't  that warrrant more than just an order taker who basically allows you to obtain a loan and sink or swim all on your own?

For Realtors: All The World IS a Stage - Do YOU Know Who's Watching?

QUESTION:

When you take a listing...just one...how many clients do you have?  

Seems like a fairly simple and straightforward question.  You might say "5" if the family living in this home for sale is a quintet, but for now, let's just call everyone associated with the listing a single "client".  I think it's safe to say that, after consulting and training over 100 Real Estate Agents in Orange County, that 95% of the (listing) agents out there are under the impression that their job is to service the person(s) selling the home, as their one and only client. That would be, no..that is the reason why I strongly believe that 95% of all agents leave a minimum of 33% of their annual income on the street.  

IMHO: As an observer, and graduate of business school with a degree in International Marketing and Economics, I would have to say that an agent has 3 "Clients" when they begin to list, market, and sell a home in Orange County. The most obvious client is the owner of the home for sale (in SoCal and beyond), and I believe that all real estate agents would be able to identify this, without question, so I'll move on swiftly!

The second client that an agent must service is the "Buyer" of the property.  This is not to say that you should put their needs or objectives in front of your "Seller's" needs or interests, clearly that is not what you should be doing.  But from a marketing and branding perspective, this person or family is someone with whom you are involved in a very large, very important business transaction.  This person is either going away pleased or pissed with your perfomance through the transaction.  You want this person in your corner promoting your brand after all is said and done, so do your best to accommodate them in any way you can, while keeping your client protected at all times.  Unless you think buyers don't refer agents to their friends, make the best possible impression, and make the experience just a bit better for them.

Imagine you're working at a retail store selling some Calvin Klein clothing.  You are selling the Calvin Klein product (much the same as selling a home) on behalf of the current owner.  However, let's not forget that the person walking in to look at the new jeans is the buyer, and they will judge you and your product on the way you represent yourself and the experience they have while working with your to purchase the jeans that Calvin Klein is selling. 

 Treat everyone using the "Golden Rule" and you will have serviced and satisfied your 2nd client...the buyer.

The Third client is the "potential" client - which ultimately is "everyone else in the world" - who we will narrowly define in this example, as the neighbors/neighborhood.  When you list a home, you are setting up your business in someone else's neighborhood, literally!  So be respectful at all times, wave at the neighbors, chat with the dog walkers, and always look the role when you visit the listing.  Most importantly...STAND OUT!!  How does one do this you ask?  Easy.  Add a personal, specific touch to your marketing that shows that you are taking the sale of their neighbor's home very seriously. Demonstrate that you do the little things that other Realtors and Orange County Listing Agents don't do.  

Look at it like you are going before a board of directors or investors and you'll be offering a sales presentation.  Would you show up with a generic PowerPoint and a bunch of black and white photocopied handouts?  Of course not!!  You would customize everything you possibly could so that you differentiated your pitch from everyone else's.  So remember this when you do your business in the neighborhood, act as if you are doing a 90-day sales presentation and bring your best to display.

If it cost $100 to really impress the hell out of the neighbors with your signage and "above and beyond" marketing and technology platform, then invest in your future and do it.  $100 and a couple of extra hours spent on the details is a VERY SMALL opportunity cost to guarantee a name for yourself and a future listing/$15,000 paycheck.

There is more business, more opportunity, and more money left on the table, by not taking the extra time to market a listing, or facilitate a smooth transaction, than there is taken off the table during the sale of a home in Orange County, CA.  Don't miss out on huge opportunities that are sitting right in front of you, or in this case, right next door.  Use your tools, present the very best image that you possibly can, and finally, buy all the things that you need to get every advantage that is available...every single time...because 95% of your competition will not!

Paul Neuland is a loan officer with Amerifirst Financial in Aliso Viejo, CA.  Paul works with and trains real estate agents in the field of online marketing.  If you are a producing, full-time agent, in Orange County, L.A., I.E., or San Diego, you can contact Paul Neuland directly to see how you can learn to create and implement a hyper-targeted public relations marketing style to your current platform.

"If you found this article to be of interest, or helpful to your business as an agent,

please comment below,  I'd love to hear from you!"  - Paul Neuland

Dear ActiveRain: Can You Tell Me What a Real Estate PROFESSIONAL Is?

(From my comment on Joel Halls Blog )

 Orange County, CA -Real Estate Professionals Expect 2012 to Mark the End of the Down Real Estate Market, According to ActiveRain Study

Survey of More Than 1,800 Real Estate Professionals (<--eh?) by ActiveRain Expects Marginal Increases   SEATTLE, WA, Feb 21, 2012 (MARKETWIRE via COMTEX) -- A recent survey of more than 1,800 real estate professionals has indicated that 2012 might represent the end of the down real estate market and the start of a rebound, with 10 specific local markets expected to lead the way. The biggest challenges facing the recovering market, agents said, will be short sales, loan qualification rules and foreclosures. Collected from among the more than 220,000 ActiveRain real estate professional community members (<--wha?), the survey highlighted which specific markets across the United States held the most optimism for growth among real estate agents (ummm hello....this could be read as "...held the most optimism for additional belly fat among real estate agents) as well as which markets were expected to continue struggling into 2013. "Real estate is a deeply local business, so it's no surprise to see such differences in optimism and pessimism between agents in vastly different market conditions," said Nikesh Parekh, chief executive officer for ActiveRain. "But the fact that, as a group, they expect improvement during 2012 is a good sign for the real estate industry and for the economy overall." (he just said that there was no consensus in the previous sentence "such differences in optimism and pessimism" - so how did he then determine that as a group they all expected growth?) Top Real Estate Markets :     1. Fort Myers - Naples 2. Austin 3. Boise 4. San Antonio 5. Miami - Fort Lauderdale 6. Denver 7. Dallas - Fort Worth 8. Nashville 9. Houston 10. Salt Lake City Worst Real Estate Markets :    1. Reno 2. Sacramento 3. Chicago 4. New York 5. Providence, RI 6. Springfield, MO 7. San Diego 8. Los Angeles 9. Cleveland 10. Philadelphia  ***END OF ARTICLE***  (my comment's below :)

Orange County Foreclosure Prevention: What Banks Hope You Don't Know!

Orange County Foreclosure Prevention:  What Banks Hope You Don't Know!: Stay tuned and check back here in the next 48 hours, as we will have the updated techniques to help you Prevent the Foreclosure Sale of your home at Auction.

For today though....HERE'S a very useful nugget of information- this really CAN work, so make sure you are using this Orange County Strategic Foreclosure Prevention:

Produce the Note:

A tactic to discuss with your attorney if you are filing a suit against the lender for abusive practices is to demand that the bank produce the note proving they are the legal owner of your mortgage. Without a note, the legal document that certifies the legitimate owner of a debt, a bank is not legally authorized to initiate a foreclosure. During the real estate boom, it was common for mortgages to be sold multiple times over through a very sloppy process that allowed for a lot of paperwork to be lost. One statistic estimated that as many as 50% of foreclosed homes had missing notes. So chances are that if you request the court to force the bank to produce the note, they will not be able to comply and at the very minimum, while the bank hunts for the paperwork, will give you additional time in your home. The Consumer Warning Network has produced a “How-To” for this tactic of Orange County Foreclosure Prevention Technique.

(Also, please see this article if you need to know - How to Use "Produce the Note" in non-judicial foreclosure states - the article is a bit older, so verify it's still current)

Orange County Foreclosure prevention techniques can help ease the stress of one of the most common financial problems facing the American Homeowner today: the foreclosure of their family home.  Foreclosure can be a devastating event, and without knowledge of your options, one might feel as though they are stranded in the middle of the ocean without a life raft.  Fortunately, there are safeguards in place to help the consumer avoid (through Orange County foreclosure prevention in ) this type of tragic loss, and with the right knowledge, homeowners have various ways to stay in their homes and get back on their feet.

What are Orange County foreclosure prevention techniques? Also called “foreclosure deterrence”, these techniques are used to delay or halt the process of foreclosure in Huntington Beach, and surrounding Orange County, CA cities.  It is very important to initially find out how the process of foreclosure works so that you can apply foreclosure prevention techniques that will work best for your situation.  If you have a basic idea how the foreclosure progression runs, you can use foreclosure deterrence methods to suspend the advancement of your foreclosure.  So, once again, inform and educate yourself first.

Basic Outline of the Orange County Foreclosure Process:

A homeowner’s mortgage is considered late if the lender or servicer receives it after the due date set out in the mortgage. A history of chronic lateness will harm the owner if or when a real emergency occurs. Serious consequences can begin when a payment is more than 15 days late. Here is a typical scenario:

• At 15 days late: The lender usually charges a late payment fee (the timing and amount of late charges vary from lender to lender or servicer to servicer).
• Two or more mortgage payments owed: Unless specific arrangements are made with the lender, all payments and late charges must be made before another payment is accepted and the loan is considered current.
• 3 Payments, or more, gone unpaid: The mortgage is passed to the lender’s attorney and foreclosure proceedings initiated. Also at this time, the remaining balance of the loan may be due and payable immediately. The homeowner is also responsible for legal fees sustained by the lender. The homeowner is in risk of losing the home at this point.

Some O.C. Foreclosure delay methods include the following:

Arguably the most effective, and easiest way to prevent foreclosure is simply establishing (and staying) in contact with your lender or bank.  So many times we hear stories of homeowners getting overwhelmed with the whole situation that they simply bury their heads in the sand.  Letters from the lender are simply tossed right in to the “circular file” (aka trashcan), and repeated calls to the homeowner are are are seen on the caller I.D. and ignored.  This is the absolute worst thing you can do.  Just because they are out of sight and out of mind, there is not a chance in this world that they will simply just “forget” about your home loan.  In fact, you are speeding up the process, if anything.

Again, please note, we are having a small issue updating this article, so please check back in 48 hours and get the whole scoop on Orange County Foreclosure Prevention:  What Banks Hope You Don't Know!

Find a Foreclosure Avoidance Specialist in Irvine, Orange County, CA

DO THIS:  Find a Foreclosure Avoidance Specialist in Irvine, Orange County, CA, and you open yourself up to an entirely different experience, but more importantly, a much higher level of sucess, with no additional cost incurred.  That is just smart business.  (I recommend Vince Caruso for anything related to Avoiding Foreclosure or "Foreclosure Avoidance Techniques" in Orange County)

As you may have learned, or you may have yet to learn this, it matters who you choose to do business with.  This applies more than you can imagine when referring to the realtor you choose to handle your Foreclosure Avoidance  transaction, whether we talking about selling or buying.  One of the reasons that Foreclosure Avoidance have such an incredibly high failure rate, is that many people just assume that simply because you have a license allowing you to do this detailed transaction, that you will know how to be successful in doing this type of transaction.  Those of us in the Real Estate world know (all too well), that this is fallacious thinking.  It would be the same as saying that a 16 year old with a 1 day old license can drive a big rig, containing all of your valuable possessions, across country in a move...and do it just as well as a 20 year veteran trucker. 

Now are you getting it?  :-)    (It's about choosing wisely when trying to delay the auction using foreclosure avoidance techniques.) 

You would never even dream of doing that, but yet many homeowners turn to their neighborhood agent, or (even worse) a family member who is newly licensed, to handle what is probably the most difficult and downright tricky process in all of residential real estate.  Please don't take this the wrong way, as I am as pro-family as the next guy, but it's tough to see so many disappointed parties leave the Foreclosure Avoidance  negotiating table "empty-handed"!  All of the hours spent collecting and processing paperwork, stressing over the bank's decision, underwriting risk, and (for the buyers) falling in love with what you finally believe will be your new home, all to have it just fall apart with a simple "no". 

Worst of all, you have no idea "why", or "what you could have done differently".

The first thing I would tell you is that you could have, no, you should have been told by your agent that you would be best served by working with a qualified expert who knows how actually stop a foreclosure using Foreclosure Avoidance techniques.  With so many moving parts, so many "ins and outs" that are not part of a standard lender involved transaction, with an inexperienced agent...sometimes the game is over before it even began.

Why take a chance?  Don't let this happen to you.  For addition important resources on how to "Spank the Bank" Read the information on Foreclosure Avoidance Techniques .  Then, contact my offices today, and let's have a conversation about your options, make a plan to successfully accomplish your real estate goals.  In no way am I trying to put down any other agent, many agents will tell you right up front that "I stay away from Foreclosure Avoidance ....you waste 4 months and then get nothing".  This is why I firmly believe that one must find a Foreclosure Avoidance Specialist in Irvine, Orange County, CA before learning the hard way.

Workshops at Amerifirst in Aliso Viejo: Market Your O.C. Home Listing

   Greetings All,

 I just wanted to throw this out there because I know how tough it has been for many of you to get down to Aliso in the past month and work with me on expanding your property marketing.  On WEDNESDAY (yes, I know it’s last minute!) we have a phenomenal opportunity to come in and take advantage of the workshops listed below.  Kathy Quach from our San Diego office is an extremely knowledgeable and skilled trainer (as well as a director of business development for us) and she doesn’t usually run these herself, but she is filling in for us – we lucked out on that one- and I know she has a couple of open spots for tomorrow. 

 There are 3 different trainings at their own respective times.  I think several of you could benefit from the 10:00-11:30 workshop (see description below) to brush up ….(see below)

At 11:30 -1:00pm  - A more intermediate/advanced class going over how to blog your business and your listings so that your ads can show up “organically” on the first page of google!  (Try searching “what makes Mortgage Rates change  ” on GOOGLE and there you’ll find an article I wrote last fall – still in the top 5 out of 40 MILLION!)

Please RSVP to me immediately if you think you can make it, or if you would like to make it, so I can close off registration.  The Workshops will be held in our conference room at 15 Enterprise Dr, Aliso Viejo, 92656. 

 Thanks and I look forward to seeing those of you who attend!  For those of you who aren’t sure what you can learn working with me as a referral partner…please take a look at the table below.  I have listed several of the blogs that I wrote for agents during my past 7 months training to become a strong resource to help you to get your business on the first page of google searches.  There is an automated google search link, and you can see the cities these blogs target, and the total search results, and the placement of these blogs on the first page of google.  I’ve even included the keywords that these blogs target.  Imagine…you can be anywhere you want to be….on GOOGLE….and on the first page (where over 93% of all searchers stay!  Please consider taking this time to invest in yourself and your business.  If I didn’t know it was MORE than worth the time, I wouldn’t suggest it!

Regards,

Paul Neuland

 (Please see below for schedule)

Hi guys –

Next Wednesday’s (Jan 11^th) workshop schedule will be as follows:

             9am-10am:                 Introduction to ePropertySites [Introductory presentation for a general overview of all the tools available for our realtor partners – This workshop is for realtors who have little to no                                        knowledge of the system and what it can do]

            10am-11:30am:           Freshman Class [Beginner’s workshop where realtors will be taught how to create a property website from beginning to activation]

             11:30am-1pm:             Sophomore Class [intermediate workshop where realtors will be taught how to post to Craigslist and Social Media sites, how to post a Plog, and how to personalize their Flip Show                                      Presentation]

 Please have your realtors RSVP with you and please let me know the reservations by no later than morning of Tuesday Jan 10^th.

Thanks!

Kathy

Real Estate - Celebrity Beverly Hills Homes For Sale

Real Estate in Palm Springs - GP Gerber

 Real Estate in Palm Springs, CA has been a hot commodity for several hundred years, and having a specialist in Palm Springs real estate to guide you through your home-buying process is unquestionably a smart decision.  If you live in the L.A., Orange, or San Diego Counties, and are thinking of moving to Palm Springs, or want to explore the option of a gorgeous desert getaway, there’s an agent who knows the area extremely well and who has shown for several decades, a robust command of the real es

What Makes Mortgage Rates Change?

 by Paul Neuland - Amerifirst Loan Officer and Real Estate Marketing Specialist (Aliso Viejo, CA)

  I just grabbed an article from Yahoo! FINANCE.(see article in Part 2)  While the dismal employment numbers (hovering at 9.1%) aren't anywhere near "good news", the effect the stock market tumble has on mortgage interest rates is a net positive one.  This commentary is stemming from several conversations that I have had, overheard, or watched, in which people have shown an alarming misunderstanding of the mortgage loan rate, and how it is determined.  So in an effort to save the American public from taking yet another step towards financial ruin, I want to just clear something up.

What Makes Mortgage Rates Change? (officially

 "What Makes Mortgage Rates Change?"

(cont'd from  -"PART 1" Article1,  and "PART 2"  Article 2)

So, as promised here is the uplifting article from YAHOO! FINANCE.  It really is very worthwhile reading and I hope you take the time to do so.  Again, it takes a few of these to start to be able to draw your own conclusions and to be able to really make an educated decision on how you think our country should best be handling the financial crisis.  Do your part, and educate yourself.  Thanks For Reading about "What Makes Mortgage Rates Change?"  

If you enjoyed this blog/commentary, please comment below.  If you think you'd like to know how I can help you to achieve a more proficient mortgage strategy, please contact me today!

Stocks plunge after US hiring dries up in August

US stocks dive after government says that hiring halted in August, adding to recession fears 
 

•  
•  

 

A trader works on the floor of the New York Stock Exchange on Friday, Sept. 2, 2011 in New York. The jobs report was the weakest in almost a year. It renewed fears that the U.S. might slip back into recession. (AP Photo/Jin Lee)

 

Daniel Wagner and Matthew Craft, AP Business Writer, On Friday September 2, 2011, 6:12 pm EDT

NEW YORK (AP) -- A dismal jobs report caused stocks to plunge Friday.

The Dow Jones industrial average dropped 253 points, or 2.2 percent, wiping out its gain for the week. All 30 stocks in the average fell.

No jobs were added in the U.S. last month, the government said early Friday. It was the worst employment report in 11 months and renewed fears that another recession could be on the way. The yield on the 10-year Treasury note briefly fell below 2 percent and gold jumped $48 an ounce as cash flowed into investments seen as less risky than stocks.

"It's certainly ugly," said Jeff Kleintop, chief market strategist at LPL Financial.

The U.S. jobs news came out midday in Europe, dragging stock markets lower in afternoon trading. Indexes in Germany and France were already sinking on news that talks between Greece and international lenders over that country's debt crisis were breaking down. Germany's DAX closed down 3.4 percent; France's CAC-40 lost 3.6 percent.

The lack of hiring in the U.S. last month surprised investors. Economists were expecting 93,000 jobs to be added. Previously reported hiring figures for June and July were revised lower. The average work week declined and hourly earnings fell. The unemployment rate held steady at 9.1 percent. The rate has been above 9 percent in all but two months since May 2009.

Kleintop said the jobs report didn't change his view that the economy was headed for a stretch of weak economic growth, not a recession. He said the figures were likely skewed by unusual events that may have made employers reluctant to add jobs in August.

The Labor Department's report relies on data collected from surveys of households and businesses in the second week of August. That's right after Standard & Poor's removed the country's AAA credit rating and fears mounted that Europe's banking crisis could spread to the U.S. Television screens were filled with images of riots in London.

"I'm not surprised that businesses weren't doing too much hiring in that environment," Kleintop said.

The Dow Jones industrial average lost 253.31 points to close at 11,240.26. It was the biggest fall in two weeks. The Dow gained 329 points in the first three days of the week, turning the index positive for the year on Wednesday. Its two-day drop of 373 on Thursday and Friday left it down 0.4 percent for the week.

The Standard & Poor's 500 index fell 30.45, or 2.5 percent, to 1,173.97. The S&P is down 0.2 percent for the week. Both the Dow and S&P have fallen five of the past six weeks.

The Nasdaq composite fell 65.71, or 2.6 percent, to 2,480.33. The technology-heavy index eked out a gain of 0.48 point for the week.

Cash poured into Treasurys and gold, assets believed to be safer bets during a weak economy. The yield on the 10-year Treasury note fell to 2 percent, and briefly traded below that level. It was 2.14 percent shortly before the report came out. Yields fall when demand for bonds increases.

The price of gold rose 2.8 percent to $1,880. Fears that a stalling economy could reduce demand for oil and gasoline pushed benchmark crude oil down $2.48, or 2.8 percent, to $86.45.

Trading volume was thin ahead of the Labor Day weekend at 3.8 billion shares, 11 percent below the average volume for the year. Low volume can result in larger-than-usual moves in stock indexes. When fewer traders are active in the market, large buy and sell orders can move stock prices more than they would on a typical day.

The VIX, a measure of stock market volatility, rose 6.6 percent to 34. The index has fallen from a recent high of 48 on Aug. 8, when the Dow lost 634 points following a downgrade of the U.S. government's credit rating. The VIX traded below 20 for most of the year.

Bank of America Corp., the country's largest bank, sank 8 percent, or 66 cents, to $7.25 after The Wall Street Journal reported that regulators had asked it to develop emergency plans in case the bank's condition worsens. Bank of America is down 45 percent this year, largely on concerns about legal costs related to shoddy mortgage investments that it sold.

Other big banks dropped on separate reports that the government is preparing to sue some of them, also over mortgage investments they sold that lost value when the housing market collapsed. The Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac, announced the lawsuit against 17 banks after the market closed.

The FHFA says the banks lied about the quality of loans that they pooled and sold as securities. Morgan Stanley fell 97 cents, or 5.7 percent, to $15.96. Citigroup Inc. lost $1.60, or 5.3 percent, to $28.40 and Goldman Sachs Group Inc. fell $5.10, or 4.6 percent, to $107.06.

Peter Tchir, a former trader who now runs the hedge fund TF Market Advisors, said stocks will likely be dragged down in the coming weeks by high unemployment, weak spending and a possible default by Greece, which he sees as increasingly likely.

"I expect that the S&P will go back below 1,100 sometime in September," he said. "Whether we hit a recession or a contraction or not, it'll remain weak, and Europe is going to hit a wall where the banks are going to have to take losses." That would also hurt U.S. banks, he said.

Netflix Inc. plunged 9 percent, or $20.16, to $213.11 after talks collapsed with a key provider of movies and TV shows. Starz Entertainment said late Thursday that it won't renew a contract that allows Netflix to stream recently released movies and shows.

WE STILL WANT OUR CAKE! (Part 2)

Continued from (Part 1) -What Makes Mortgage Rates Change?”

Eventually the rates are impacted by several different forces such as the stock market, foreclosures, defaults, and especially the 10 year Treasury bond.  In the mortgage industry, we pay closest attention to the bond market to see what the yield is at any given time, in relation to the day before.  Recently, you may have noticed the DOW has been just slightly volatile.  When money is being lost by investors or the market is diving or extremely unpredictable, you will often see investors flee the market for the security of bonds.  The more people buy bonds, the higher the bond price rises (taking with it a percentage of the yield that bond was supposed to pay - thus lowering the bonds actual interest yield). 

Proceed to (Part 3)

“WE WANT TO HAVE OUR CAKE! (and eat it too) -PART 1

 by Paul Neuland - Amerifirst Loan Officer and Lover of Fine Cake (Aliso Viejo, CA)

  I just grabbed an article from Yahoo! FINANCE.(see article in Part 2)  While the dismal employment numbers (hovering at 9.1%) aren't anywhere near "good news", the effect the stock market tumble has on mortgage interest rates is a net positive one.  This commentary is stemming from several conversations that I have had, overheard, or watched, in which people have shown an alarming misunderstanding of the mortgage loan rate, and how it is determined.  So in an effort to save the American public from taking yet another step towards financial ruin, I want to just clear something up.

Huntington Beach Home For Sale - 3 bedroom 2 bathroom

Beautiful 3 bedroom Home for sale in Sunset Beach

Here's an exciting new listing from Kevin Sullivan and The Pier Team at Star Real Estate.  Take a moment to see this Beautiful 3 bedroom Home for sale in Sunset Beach, with its incredible location and stunning ocean views.

To truly appreciate this exciting 3 bedroom Home for sale in Sunset Beach you need to first stand atop the large rooftop and balcony.  Take a second to soak up some sun, drink in the sweet ocean air and try to pull yourself away from this one of a kind ocean view!  If you enjoy entertaining guests, then this Beautiful 3 bedroom Home for sale in Sunset Beach is an absolute Do Not Miss! 

For more information, just visit the Pier Team website and request a private showing  from Kevin Sullivan today!

Also, Pre-Qualify for this 3 bedroom Home for sale in Sunset Beach, California with Paul Neuland, Orange County mortgage consultant, online HERE or call 949-439-3826.

16775 15th St 2 Sunset Beach, CA 90742 Unique Sunset Beach Home - Just Steps to the Beach

Price : $1,100,000 Bedrooms : 3 Bathrooms : 4 Square Foot : 2,480 County : Orange Property Type : Detached Year Built : 1988 MLS Number : S662287 click for more information and pictures   3 bedroom Home for sale in Sunset Beach Unique Sunset Beach Home for sale - Just Steps to the Beach! Excellent opportunity to own a fabulous tri-level townhome next to the sand and shore! This 3 bedroom home for sale in Sunset Beach has Upgrades galore! Featuring custom cabinets and granite counters in kitchen. Marbled bathroom shower floors/walls with designer glass counter tops and matching shower floor glass tiles adorn this beautiful 3 bedroom home for sale in Sunset Beach. Downstairs bed and bath currently used as a rental. Kitchen opens nicely to dining room then living room perfect for entertaining. A Light and Bright large living room opens up to spectacular beach/water views. Huge Roof Top deck with jacuzzi tub and amazing 360 degree views of Ocean, Whitewater, Catalina, Long Beach Skyline, Huntington Harbour and Mt Baldy. This 3 bedroom home for sale in Sunset Beach has Plantation shutters and newer vinyl windows through out. Enjoy the Spacious 2 car garage with ample storage in this 3 bedroom home for sale in Sunset Beach. You must see to appreciate the incredible ocean view of this 3 bedroom home for sale in Sunset Beach to appreciate! This Sunset Beach Home for sale is also only just Steps to sand, Pacific Ocean, restaurants and shopping'

Equal Housing Opportunity.