Phil Grossfield's Blog

A LITTLE EXTRA…

Category Archives: Economic News

BOA $ettles; Dog Dinner

Penny Puppers1My Schedule…and A Little Extra:    My dog is killing my wallet.  My problem is I love the damn mutt.  That’s why I tossed out a couple thousand dollars to fix her leg when she blew it out.  Now her food isn’t working, so I have to go with a prescription and man, its expensive!  I’m telling ya, she’d better not blow out another leg or we might be having Penny for dinner!

My Schedule:  I have one appointment today at 2:30p…otherwise available….

My Market Watch: You hear about Bank of America’s settlement with Fannie?  In a nutshell it’s an $11.7 billion agreement which includes payment of $8.5 billion to end reviews of foreclosure-abuse claims stemming from a 2011 deal with regulators.. Thank you Countrywide!  Ouch!  Bloomberg Article  |||  I still advise you read my post from Friday…Freak Out and Get Your Rear-End In Gear.  Other than that the market is flat at the present time….  My Disclaimer

Migraine Madness

migraineMy Schedule…and A Little Extra:   I felt odd all day on Friday…I was up very early for a 5:45a spin class and then didn’t eat lunch until 1:30p. By 2:30p my head started to hurt so bad I went and laid down in my car for a while.  I ended up driving home and praying for my head to stop hurting…it was debilitating.  Now, I have had migraines in the past but usually they are brought on by sinus issues after I wake up in the middle of the night or early morning but I have never had something like this happen.  It freaked me out.  I’m fine now, but man, if you’ve never experienced a migraine then let me tell you…it’s a crazy thing.  ||| On Saturday night my neighbor hired Steve Poltz of the Rugburns to perform in his living room…it was awesome!

My Schedule:  I have one appointment today at 11:00a and will be available after lunch…otherwise available….

My Market Watch: Not much going on today.  I advise you read my post from Friday…Freak Out and Get Your Rear-End In Gear.  My Disclaimer

New Job, Jury Duty, Economic News

My Schedule…and a little extra: Well, I’m settled in at my new job. I left a bank selling all portfolio products and came back to a Fannie lending institution…this industry certainly has me accustomed to change. I am getting more familiar with InterBank guidelines and operational quirks and will do my best to advise accordingly. | I had jury duty this morning. They provide a call-in number to see if attendance is required. However, when I called the number I misunderstood the message and so, like a ding-dong, I drove downtown, parked for $10, and of course my attendance was indeed not required. Nice eh? In economic news: there was a lot of activity yesterday…Jobless Claims decreased, the 30-yr bond auction went well, but traders felt bully on stocks and as a result, rates worsened slightly. This morning Chairman Bernanke speaks at the Homebuilders Show…every time he speaks it’s scary because rates could move. However, nothing has made rates move much in the last 4 months or so. My Schedule: I’m behind the computer all day…I’ll probably duck out a little early for Happy Hour with the neighbors…let me know if you have any questions….


Pricing Engine: Click Here for access to our Pricing Engine (user ID and password required)

Rate Sheet for Today: Click Here for today’s rate sheet (user ID and password not required)

Product Matrix: Click Here for the product matrix (user ID and password not required)