Dubai, home of the palm tree-shaped island, sail-shaped high-rise hotel, and indoor skiing, is not immune to the credit crisis. Apparently they borrowed quite a bit to finance their world-famous expansion, but on Wednesday the city-state said it would restructure its largest
corporate entity, Dubai World and announced a six-month standstill [...]
Archive for November, 2009
Dubai’s woes keeping rates low! Fannie talk
Monday, November 30th, 2009Home resales rose 10.1% in October
Sunday, November 29th, 2009WASHINGTON – Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.
Home sales nationwide are now up nearly 36 percent from their bottom in January, data Monday showed, though [...]
Bernanke Speaks
Tuesday, November 17th, 2009Ben Bernanke made headlines yesterday in a speech to the Economic Club of New York. In spite of Mr. Bernanke being on the Federal Reserve side of the equation, he addressed the strength of the dollar (or lack thereof) which is normally the Treasury’s domain. Clips of his speech include [...]
Rates are down!
Friday, November 13th, 2009Rates are down today. Great day to lock in on a low fixed rate.
RWM rated # 4 in San Diego
Friday, November 13th, 2009Residential Wholesale Mortgage voted number 4 in San Diego for direct lenders.
Come visit us at our open house in Mission Hills. November 18 and December 16th.
928 Fort Stockton Dr # 217 San Diego, CA 92103
Kenny Simpson
Senior Mortgage Banker
Residenail Wholesale Mortgage



