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A friend of mine, Michael Moskowitz, Founder of Equity Now, had interview on ABC Nightline this year. I met him on May 2007.

If anyone is interested in the job opening or applying any equity loans, you can contact the human resource. Or I will email you his contact info.

I highly recommend people to do business with him. I admire his honesty and integrity towards people and his business.

Watch his interview on ABC: Video

ABC Nightline Video - Refinance now and get a lower rate.

Michael Moskowitz is featured in this ABC Nightline story with personal finance guru Suze Orman. Moskowitz first appears about three minutes into the clip.

Jan 13, 2009

Call center environment with all incoming calls.

Your responsibility is to recruit and manage a team of high quality inside phone reps who meet company standards. Minimum 2 years successful mortgage sales management experience.

Incoming leads from print & radio (have done TV and plan to go back). We’ve been in business since 1984 and lend in 17 states.

Great software and paperless systems. Intelligent in-house underwriting for FHA, FNMA, FHLMC & Portfolio loans.

Base salary plus overrides, total compensation $150-250K, paid meals and transportation, medical, dental and 401K

Email hr5@equitynow.com

Compensation: Base salary plus overrides, total compensation $150-250K, paid meals and transportation, medical, dental and 401K

Watch Foreclosure In Florida

Freddie Mac uses synthetic debt to create funding that more accurately meets Freddie Mac’s needs. Synthetic debt is essentially the creation of one instrument out of two or more separate instruments.  The most typical synthetic instrument is created using discount notes and an interest rate swap to create a synthetic long-term debt instrument.

For example, Freddie Mac may issue $100,000 worth of three-month discount notes. At the same time, Freddie Mac will enter into an interest rate swap agreement. Under this swap agreement, Freddie Mac agrees to pay a 7% fixed rate of interest on a notional amount of $100,000 for seven years while receiving a floating-rate of interest on $100,000 for seven years.

The principal amount is derived for purposes of calculating interest only. Freddie Mac is paying the holder of the discount notes the equivalent of a floating-rate of interest.  This is because each time Freddie Mac issues new discount notes, the interest rate, or effective yield changes.

Download the free audio: We Are Not Quitters

Tax-backed debt obligations are instruments issued by states, counties, special districts, cities, towns, and school districts that are secured by some form of tax revenue. Tax-backed debt includes general obligation debt, appropriation-backed obligations, and debt obligations supported by public credit enhancement programs.

There are two types of general obligation pledges unlimited and limited.  An unlimited tax general obligation debt is the stronger form of general obligation pledge because it is secured by the issuer’s unlimited taxing power.  The tax revenue sources include corporate and individual income taxes, sales taxes, and property taxes.  Unlimited tax general obligation debt is said to be secured by the full faith and credit of the issuer. A limited tax general obligation debt is limited tax pledge because there is a statutory limit on tax rates that the issuer may levy to service the debt.

Agencies or authorities of several states have issued bonds that carry a potential state liability for making up shortfalls in th issuing entity’s obligation.  The appropriation of funds from the state’s general revenue must be approved by the state legislature.

Corporations throughout the world that seek to borrow funds can do so through either bank borrowing or the issuance of debt securities.  The securities issued include bonds (called corporate bonds), medium term notes, asset-backed securities, and commercial paper.

As a general rule, you are required to report and pay tax on all income.  The most common type of income is the compensation you receive in the course of your employment, i.e. wages, salary, fees, commissions or business profits.  They are all taxable.

The common types of taxable income include as follows:

- gains you receive on dealing in real estate, securities and other property

- interest you receive on bank accounts, CDs, securities and loans

- rents you collect

- dividends

- royalties

- alimony and separate maintenance payments you receive

- annunities and pensions

- prizes and awards

- for some taxpayers, up to 85% of their Social Security benefits

For day traders, here are some tips for your tax deductions:

1/ Home Office Deduction

2/ Travel and Entertainment

3/ New Equipment

4/ Margin Interest

5/ Business Expenses

6/ Education Expenses

7/  Internet Fee

8/ Legal and Professional Fees

For more information, click the link

Download free e-book Save money in 3 minutes from www.free-ebooks.net:  Click the e-book (80)

According to www.stats.oecd.org, stress test is a “what if” scenario that takes the world as given but assumes a major change in one or more variables in order to see what effect this would have on various indicators. For instance, for an economy, the impact on growth, inflation, and external debt of a huge change in oil prices could be considered. Stress tests are particularly useful for financial institutions: for instance, an individual entity might consider the impact on net worth of a sharp movement in financial market prices, in order to help determine the appropriate level of capital to hold.

Stress-testing means choosing scenarios that are costly and rare, and then putting them to a valuation model. In this case, the valuation models will be those used by a bank to calculate its economic capital. Scenarios need to be re-run and re-evaluated on a regular basis to accommodate both changes in the Bank’s asset mix and in future expectations.

In general, Stress Test measures:

Jobs, Unemployment rates and changes in unemployment rates, Changes in the number of goods-producing and service-providing jobs,

Changes in available construction jobs, Changes in available manufacturing jobs, Changes in average weekly wage, Costs and quality of life

People without health insurance, per 1,000 residents; rate and change over time; overall and employer-based

Population spending 25 percent of pre-tax income on health care; rate and change

Public college tuition as a percentage of income; rate and change over time, Bankruptcy, per capita; rate and change over time,

Foreclosures, per capita, Average price of gas, change over time

According to www.fool.com,  Treasury Secretary Geithner’s plan to prop up the failing bank sector is a forward-looking “stress test” imposed on every bank with over $100 billion in assets.  The government has apparently begun its program to “stress-test” the nation’s largest financial institutions to decide which firms are technically insolvent and in need of reorganization. Federal banking regulators descended on Citigroup, Bank of America, JPMorgan Chase and other big banks across the nation.

He will decide which banks are strong enough to survive on their own and which may require further government intervention. A key component of the Capital Assistance Program is a forward looking comprehensive “stress test” that requires an assessment of whether major financial institutions have the capital necessary to continue lending and to absorb the potential losses that could result from a more severe decline in the economy than projected.

Existing home sales data is based on reports from its membership, the NAR complies seasonally adjusted data on sales of existing dwellings. Figures for the average and median home price are also reported on national and regional basis.

The NAR statistics measure sales at the time of closing, which typically occurs one to three months after a contract of sale is signed.  Thus, changes in the tenor of existing home sales can lag several months behind a material shift in demand or affordability conditions.Although turnover of the existing housing stock has only a small direct effect on GDP, it can be a valuable leading indicator of demand for household durables.

According to Lawrence Yun, Chief Economist on www.realtor.org/research/

“Areas that are improving in terms of pending sales (but not necessarily in terms of price) can be found in many California and Florida markets. San Diego in particular is coming around very strongly, essentially doubling in contracting signings in December compared to the same month one year before. In the Northeast, Providence has been the consistent gainer over the past several months. More markets in the Midwest are appearing to turn around for the better with Akron, Cleveland, Lansing, Louisville, Minneapolis, and Wichita all posting year-over-year gains. Aside from Florida, Northern Virginia has been tallying up higher figures. Some nearby Maryland counties have also now joined the dance. Oklahoma City and Tulsa, where the job market has been doing better and home prices have always been highly affordable, have also posted gains.

The lagging markets were in Texas, North Carolina, Oregon, and the state of Washington. Honolulu has been losing sales, partly due to the relatively more difficult conditions for getting mortgages for condo properties. Home prices have been broadly rising in Texas despite falling sales.”

Click the link to view the chart

Robert Stevenson is a good friend of mine. I have known him since two years ago. As a friend, I know he is always on business trips. He does presentations all over the world. He is a Managing Director of TheInfoPro’s Storage Sector. Robert is responsible for all research and consulting services covering the Storage and Storage Networking market. Prior to joining TheInfoPro, Robert worked for Nielsen Media Research as a technology strategist and storage architect, where he helped build out the company’s 1 PB SAN with over 1,800 ports. He also worked for Sun Microsystems, as a managing consultant focusing on network storage and high-performance computing. Robert is a frequent contributor to leading industry publications including Storage Magazine, Network World, Forbes, and the London Financial Times. He is also a favorite speaker at industry and vendor conferences, including Storage Networking World, Storage Decisions and Storage World Conferences.