Real Estate Financing...

I'm over the worry at this point.  If I posted this as a Blog on MYSPACE, I'd probably include one of those little face icons that symbolize the mood one is in.  My particular mood at this moment would be that I'm irritated.  I will try to make this short and sweet, like my future ex-wife.

Now I'm no spin-doctor and not a big fan of vague or creative marketing public-relations rhetoric.  Yet, quite frankly, what I'm seeing being written about the Mortgage side of things is getting sensationalistic and the motives are suspect.  I'm not going to wax like there aren't problems, there's an abundance of them.  I'm not going paint a rose-colored picture of all the stuff that is really happening out there in Mortgage Land.  Nope, what I'm going to do is give you my opinion on the gloom and doom media I've read in regards to it all.    Call this the No-Spin Sardi Zone, not to be mistaken with Bill O'Reily's news cast.  He's much smarter at this point and I look better in a wife beaterJ  I will focus on two newsworthy items.  This say me....

Countrywide - Yes, that's right.  The top dog, big cheese, the giant enchilada, the numero uno lender on God's Green Earth has the financial world's panties in a bunch.  Are they going to go bankrupt?  Will they go under?  What will happen if those very things occur?  Don't know.  No clue?  See previous two pseudo-sentences.  My guess is that they aren't going anywhere, that's my guess.  No matter though, what kills me is article after article proclaiming their eventual demise and hyping the problems they are having to a level of pretty huge proportions.  They borrow 11 billion and change from their credit line and all of a sudden Goliath is going down.  If they did that same thing 6 months ago, I'd wager that few would bat an eyelash.  They are having problems.  They, as a lender, are in very good company right now.  To a large extent, it's out of our control whether they go down or move forward for a long time to come.  This wave we are riding can be surfed many ways; the best is working the wave, not riding it.  Don't panic just yet, and when it is truly time to panic, don't do it then either.  It really does no good, ever.

Wall Street - The financial gurus of our Capitalistic Empire.  I have a peculiar little feeling that certain sectors are in love with all this.  Fear creates Panic.  Panic creates an emotional response.   An emotional response and the handling of money are rarely smart bedfellows.  Let's say a certain investment firm decides to put the ‘Sell' stamp on a certain mortgage lender's stock after much Fear has been delivered by media outlets.  Panic ensues.  No matter the true health of the company, the stock drops significantly.  They then eat up the stock like a 98lb Asian woman downing hot dogs on ESPN.  The fear subsides and panic goes away and the next thing you know, the stock rises once again.  Money is made hand over fist.  What would be even more peculiar is if that certain investment firm owns a mortgage lender or two.  I not only look at the market, I look at the motives.

I haven't a definitive clue of what will happen next.  If I did, I'd probably be dating George W. Bush's daughter or something.  Thankfully, I don't.  All I do know is that I will continue to stay on top of the market, but will not let it or the media ‘defining' it sway my way of dealing with it.  Work it Sardi, don't ride it.

That is my opinion and this isn't my     but I've got one of those as well.