If you want to know your past - look into your present conditions. If you want to know your future - look into your present actions. Chinese Proverb
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Tuesday, May 25, 2010
Saturday, May 22, 2010
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Every situation, properly perceived, becomes an opportunity. But you have to
act on them if you're going to be successful.Distant pastures always look greener than those close at hand, but real
opportunities are right where you are.You must simply take advantage of them when they appear. You can start where
you are at any time.Success is all around you. It's not in your environment, it's not in luck or
chance, or in the help of others.Success is in yourself alone.You don't need more strength or more ability or greater opportunity. What
you need is to use what you have.
Learn to seize good fortune, for it is always around you.You must go to success, it doesn't come to you. Open your own doors to opportunity.
act on them if you're going to be successful.Distant pastures always look greener than those close at hand, but real
opportunities are right where you are.You must simply take advantage of them when they appear. You can start where
you are at any time.Success is all around you. It's not in your environment, it's not in luck or
chance, or in the help of others.Success is in yourself alone.You don't need more strength or more ability or greater opportunity. What
you need is to use what you have.
Learn to seize good fortune, for it is always around you.You must go to success, it doesn't come to you. Open your own doors to opportunity.
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There are many practical reasons to practice honesty. It requires far less
effort to be truthful than to be deceitful, and in the long term the risks
are fewer and the rewards greater. But in today's complex society, the
boundaries of acceptable behavior have been blurred until they are sometimes
indistinguishable. Laws and codes of ethics establish minimum standards of
behavior. Make sure you establish standards for yourself that exceed such
minimums, a standard below which you will not allow yourself to fall,
regardless of what others may do or say. Your own set of standards will
allow you to decide quickly and easily upon an appropriate course of action
when faced with a difficult problem. persevere in the face of great odds.
effort to be truthful than to be deceitful, and in the long term the risks
are fewer and the rewards greater. But in today's complex society, the
boundaries of acceptable behavior have been blurred until they are sometimes
indistinguishable. Laws and codes of ethics establish minimum standards of
behavior. Make sure you establish standards for yourself that exceed such
minimums, a standard below which you will not allow yourself to fall,
regardless of what others may do or say. Your own set of standards will
allow you to decide quickly and easily upon an appropriate course of action
when faced with a difficult problem. persevere in the face of great odds.
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You don't have to buy from anyone.
You don't have to work at any particular job.
You don't have to participate in any given relationship.
You can choose. You alone steer the course you choose in the direction
of where you want to be today, tomorrow or in any distant time to come. You
hold the tiller. You can decide to alter the course of your life at any time.
No one can ever take that away from you. You can decide what you want and go
after it.It's always your next move.
You don't have to work at any particular job.
You don't have to participate in any given relationship.
You can choose. You alone steer the course you choose in the direction
of where you want to be today, tomorrow or in any distant time to come. You
hold the tiller. You can decide to alter the course of your life at any time.
No one can ever take that away from you. You can decide what you want and go
after it.It's always your next move.
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Officials who deal with fraud and theft say they are often amazed at the
small amounts of money some people will steal. Some people will sell their
integrity for a pittance. To those individuals, dishonest behavior is not an
occasional occurrence-it is a way of life. Those who lie about insignificant
things or steal trivial amounts of money will develop the habit of lying and
stealing. As you look back on your own behavior, can you do so with pride in
the knowledge that you have always been honest? If you cannot, perhaps it is
time to think about the times when you chose dishonest behavior. Why did you
do it? Was it worth it? Wouldn't the consequences of being honest and
truthful have been far better in those circumstances? Learn from your
mistakes and vow that from this day forward you will always be honest.
small amounts of money some people will steal. Some people will sell their
integrity for a pittance. To those individuals, dishonest behavior is not an
occasional occurrence-it is a way of life. Those who lie about insignificant
things or steal trivial amounts of money will develop the habit of lying and
stealing. As you look back on your own behavior, can you do so with pride in
the knowledge that you have always been honest? If you cannot, perhaps it is
time to think about the times when you chose dishonest behavior. Why did you
do it? Was it worth it? Wouldn't the consequences of being honest and
truthful have been far better in those circumstances? Learn from your
mistakes and vow that from this day forward you will always be honest.
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There's far more here than meets the eye. The things we see now are here
today, gone tomorrow. But the things we can't see now will last forever. 2
Corinthians 4:18 (MSG) "You've probably heard the expression "You can't take it with you," but the
Bible says you can send it on ahead, by investing it in people who are going
there!"
today, gone tomorrow. But the things we can't see now will last forever. 2
Corinthians 4:18 (MSG) "You've probably heard the expression "You can't take it with you," but the
Bible says you can send it on ahead, by investing it in people who are going
there!"
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Thursday, May 20, 2010
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First you make your habits, and then your habits make you.
You become a slave to your constantly repeated acts.
What at first you chose, at last compels. Your thoughts lead you to a purpose. Your purpose moves you to take action.
Your actions form your habits.Your habits determine your character, and your character fixes your destiny. Your habits are either the best of servants or the worst of masters. Once in motion, a pattern tends to stay in motion.
You become a slave to your constantly repeated acts.
What at first you chose, at last compels. Your thoughts lead you to a purpose. Your purpose moves you to take action.
Your actions form your habits.Your habits determine your character, and your character fixes your destiny. Your habits are either the best of servants or the worst of masters. Once in motion, a pattern tends to stay in motion.
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Most of us at one time or another have been misunderstood by those who are
important to us. They thought we planned to take an action they disliked
when in truth our intentions were to proceed in an entirely different
direction. Such misunderstandings are usually quickly righted and life goes
on. The same is true with character and reputation. If your reputation is
for some reason misaligned with your character, it will soon quickly right
itself when others discover for themselves that you are not at all the kind
of person they had assumed you were. If your foundation is strong, you never
need to be concerned about such misunderstandings. Others will learn soon
enough what kind of person you really are. Spend your time and energy in
constant self-inspection and self-improvement, building strong character,
and you will never have to worry about what others think of you.fear of what
others think.
important to us. They thought we planned to take an action they disliked
when in truth our intentions were to proceed in an entirely different
direction. Such misunderstandings are usually quickly righted and life goes
on. The same is true with character and reputation. If your reputation is
for some reason misaligned with your character, it will soon quickly right
itself when others discover for themselves that you are not at all the kind
of person they had assumed you were. If your foundation is strong, you never
need to be concerned about such misunderstandings. Others will learn soon
enough what kind of person you really are. Spend your time and energy in
constant self-inspection and self-improvement, building strong character,
and you will never have to worry about what others think of you.fear of what
others think.
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"Somehow, I can't believe that there are any heights that can't be scaled by a man who knows the secrets of making dreams come true. This special secret-curiosity, confidence, courage and constancy, and the greatest of all is confidence. When you believe in a thing, believe in it all the way, implicitly and unquestionable." ~Walt Disney
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It is virtually impossible to conceal the truth forever. It is the natural
order of things that the truth will eventually come out. This single fact is
the foundation of our judicial system and the basis on which all human
relationships are formed. A business, professional, or personal relationship
built upon a lie cannot long endure, but one that is founded on truth and
equality of benefit for the participants is unlimited. Make it a practice to
tell the truth in all that you do-even when it doesn't matter-and you will
form a habit of truthfulness. You will know instinctively that it is better
to tell the truth and face the consequences than to launch a falsehood that
will eventually make itself known to the world. of what others think.
order of things that the truth will eventually come out. This single fact is
the foundation of our judicial system and the basis on which all human
relationships are formed. A business, professional, or personal relationship
built upon a lie cannot long endure, but one that is founded on truth and
equality of benefit for the participants is unlimited. Make it a practice to
tell the truth in all that you do-even when it doesn't matter-and you will
form a habit of truthfulness. You will know instinctively that it is better
to tell the truth and face the consequences than to launch a falsehood that
will eventually make itself known to the world. of what others think.
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Then, because so many people were coming and going that they did not even
have a chance to eat, he said to them, "Come with me by yourselves to a
quiet place and get some rest." Mark 6:31 (NIV) "If you only laugh and enjoy life when your problems are all solved, you'll
never enjoy life."
have a chance to eat, he said to them, "Come with me by yourselves to a
quiet place and get some rest." Mark 6:31 (NIV) "If you only laugh and enjoy life when your problems are all solved, you'll
never enjoy life."
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When considering a loan, a banker attaches great importance to three things:
the borrower's ability to repay the loan, the borrower's credit history, and
the borrower's character. The first two considerations can be calculated
mathematically; the third requires judgment and experience. Prudent bankers
have learned that persons of character are always a good risk because they
take their obligations seriously while those who spend their resources on
the trappings of success should be avoided at all costs. Protect your good
reputation as you would protect your home, your investments, and your life.
Once shattered, a good reputation can only be regained by those who have
developed the courage and willpower to persevere in the face of great odds.
the borrower's ability to repay the loan, the borrower's credit history, and
the borrower's character. The first two considerations can be calculated
mathematically; the third requires judgment and experience. Prudent bankers
have learned that persons of character are always a good risk because they
take their obligations seriously while those who spend their resources on
the trappings of success should be avoided at all costs. Protect your good
reputation as you would protect your home, your investments, and your life.
Once shattered, a good reputation can only be regained by those who have
developed the courage and willpower to persevere in the face of great odds.
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It's a psychological law that whatever you desire to accomplish you must
first impress upon your subconscious mind.Your inner thoughts can cause you to be rich or poor, loved or unloved,
happy or unhappy, attractive or unattractive, powerful or weak.What you impress upon your mind, you'll inevitably become. Relentless,
repetitive self talk will change your self image.You'll affect your subconscious mind with verbal repetition.Constant repetition carries conviction. When you change your values you'll
change your behavior.Start thinking of yourself as becoming the person you want to be.Self suggestion will make you the master of yourself.You can become whatever you want to be. When you believe you can, you can.
first impress upon your subconscious mind.Your inner thoughts can cause you to be rich or poor, loved or unloved,
happy or unhappy, attractive or unattractive, powerful or weak.What you impress upon your mind, you'll inevitably become. Relentless,
repetitive self talk will change your self image.You'll affect your subconscious mind with verbal repetition.Constant repetition carries conviction. When you change your values you'll
change your behavior.Start thinking of yourself as becoming the person you want to be.Self suggestion will make you the master of yourself.You can become whatever you want to be. When you believe you can, you can.
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Pilar Tobias sent you an invitation to connect as business
contacts on Plaxo on April 20th. That invitation will expire
soon! Follow this link to accept Pilar's invitation.http://ping.fm/GL6ZaPlaxo is free, easy to use and takes only a minute to join. Come
see what Pilar wants to share.Thanks,
The Plaxo teamMore than 20 million people use Plaxo to keep in touch with the
people they care about. Don't want to receive emails from Plaxo any more? Go to:
http://ping.fm/fBHFp
contacts on Plaxo on April 20th. That invitation will expire
soon! Follow this link to accept Pilar's invitation.http://ping.fm/GL6ZaPlaxo is free, easy to use and takes only a minute to join. Come
see what Pilar wants to share.Thanks,
The Plaxo teamMore than 20 million people use Plaxo to keep in touch with the
people they care about. Don't want to receive emails from Plaxo any more? Go to:
http://ping.fm/fBHFp
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Untitled
Access Unique, Innovative Investment Strategies and Investor Resources Having trouble viewing this email?
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Join 50,000 Investors Now FREE...
Access Unique, Innovative Investment Strategies and Investor Resources
IPIN presents innovative real-estate based investment solutions that intelligently and ethically leverage the current liquidity crisis to empower the investor and enable high annualized returns with ultra low risk exposure.
Capital Protected Investments
25% annualized returns - Invest from $30,000 USD or £20,000 GBP
Download real-life case studies and profit reports
Transaction with UK regulated law firm - Legal Opinion summary available
100% capital preservation record on over $400m invested globally
Distressed Real Estate Assets at 60% Discounts
Managed strategy including renovation & resell to first homebuyer market
Leverage the current economic climate and generate 25% annualized returns
regardless of market conditions
Projected 6 month investment timescale
Investor Resources
In depth global and regional market research
Complimentary podcasts, educational webcasts, research reports and ebooks
Access to top tier industry experts, analysts and advisors
Residential & Commercial Real state Investments
Intelligent Investments for 2010
Join IPIN & download your FREE guide NOW
Latest News:
IPIN SES investors see first returns generating 26% ROI in just 6 weeks
International Property Investment Network (IPIN) - US Headquarters
Tower 101, 101 North East Third Avenue, Suite 1830, Fort Lauderdale, FL, 33301, USA
Tel: (954) 703 2690 - Fax: (954) 703 0616 - U.S. Toll Free: 1 866 465 3447
International Property Investment Network (IPIN) - European Headquarters
Calle Santa Barbara 1, Edif River Playa Local 2, Fuengirola, Malaga, 29640, SPAIN
International Tel: +34 952 198 657 - Fax: +44 (0) 207 0221 693 - UK Freephone: 0800 047 0597
Email: info@IPINglobal.com - Website: www.IPINglobal.com
DISCLAIMER
This message contains confidential information and is intended only for the individual named. If you are not the named addressee, you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system.
This e-mail has been prepared using information believed by the author to be reliable and accurate, but Global Prospects S.L make no warranty as to its
accuracy or completeness. Any opinions expressed in this document are those of the author and do not necessarily reflect the opinions of Global Prospects S.L. They maybe subject to change without notice. Global Prospects S.L do not accept responsibility for changes made to this e-mail after it was sent. If verification is required please request a hard-copy version. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, lost, destroyed, corrupted, arrive late or incomplete, or contain viruses.
* Global Prospects S.L operating the International Property Investment Network (IPIN) does not take receipt of any monies or sign contracts with investors. We operate independently, sourcing property investment opportunities for our members. All
contracts and monies are always handled directly with the property developer offering the property. We always recommend our investors
seek Independent legal and financial advice before purchasing a property.
Historically the property market shows consistent Return on Investment. IPIN selected properties have been chosen based on market information currently available. Economic conditions are susceptible to change outside of our control.
Global Prospects S.L. can accept no liability for any damages or losses resulting from the purchase of one our recommended investment opportunities.
Forward to a Friend SmartUnsubscribesm
This email was sent to zlek7z@ping.fm
by PTobias@TotalSolutionsAlliance.com
Update Profile/Email Address | SmartUnsubscribesm from this list | Privacy Policy
Please click here Write a review / Forward to a Friend To ensure delivery, please add PTobias@TotalSolutionsAlliance.com to your address book. SmartUnsubscribesm
Join 50,000 Investors Now FREE...
Access Unique, Innovative Investment Strategies and Investor Resources
IPIN presents innovative real-estate based investment solutions that intelligently and ethically leverage the current liquidity crisis to empower the investor and enable high annualized returns with ultra low risk exposure.
Capital Protected Investments
25% annualized returns - Invest from $30,000 USD or £20,000 GBP
Download real-life case studies and profit reports
Transaction with UK regulated law firm - Legal Opinion summary available
100% capital preservation record on over $400m invested globally
Distressed Real Estate Assets at 60% Discounts
Managed strategy including renovation & resell to first homebuyer market
Leverage the current economic climate and generate 25% annualized returns
regardless of market conditions
Projected 6 month investment timescale
Investor Resources
In depth global and regional market research
Complimentary podcasts, educational webcasts, research reports and ebooks
Access to top tier industry experts, analysts and advisors
Residential & Commercial Real state Investments
Intelligent Investments for 2010
Join IPIN & download your FREE guide NOW
Latest News:
IPIN SES investors see first returns generating 26% ROI in just 6 weeks
International Property Investment Network (IPIN) - US Headquarters
Tower 101, 101 North East Third Avenue, Suite 1830, Fort Lauderdale, FL, 33301, USA
Tel: (954) 703 2690 - Fax: (954) 703 0616 - U.S. Toll Free: 1 866 465 3447
International Property Investment Network (IPIN) - European Headquarters
Calle Santa Barbara 1, Edif River Playa Local 2, Fuengirola, Malaga, 29640, SPAIN
International Tel: +34 952 198 657 - Fax: +44 (0) 207 0221 693 - UK Freephone: 0800 047 0597
Email: info@IPINglobal.com - Website: www.IPINglobal.com
DISCLAIMER
This message contains confidential information and is intended only for the individual named. If you are not the named addressee, you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system.
This e-mail has been prepared using information believed by the author to be reliable and accurate, but Global Prospects S.L make no warranty as to its
accuracy or completeness. Any opinions expressed in this document are those of the author and do not necessarily reflect the opinions of Global Prospects S.L. They maybe subject to change without notice. Global Prospects S.L do not accept responsibility for changes made to this e-mail after it was sent. If verification is required please request a hard-copy version. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, lost, destroyed, corrupted, arrive late or incomplete, or contain viruses.
* Global Prospects S.L operating the International Property Investment Network (IPIN) does not take receipt of any monies or sign contracts with investors. We operate independently, sourcing property investment opportunities for our members. All
contracts and monies are always handled directly with the property developer offering the property. We always recommend our investors
seek Independent legal and financial advice before purchasing a property.
Historically the property market shows consistent Return on Investment. IPIN selected properties have been chosen based on market information currently available. Economic conditions are susceptible to change outside of our control.
Global Prospects S.L. can accept no liability for any damages or losses resulting from the purchase of one our recommended investment opportunities.
Forward to a Friend SmartUnsubscribesm
This email was sent to zlek7z@ping.fm
by PTobias@TotalSolutionsAlliance.com
Update Profile/Email Address | SmartUnsubscribesm from this list | Privacy Policy
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Wednesday, May 19, 2010
Untitled
This is your last chance. If you haven't yet, grab your two FREE VIP ticket now worth $997 each to the
upcoming Investor Summit coming up in California on May 21st-23rd.http://ping.fm/a7evk It's going to be three intense days of hard-core training focused on what's
really working now, and teaching you how to take advantage of the greatest
investment market of your lifetime, even if you are starting from scratch. They'll be training on marketing, negotiation, commercial deals, private
money, foreclosures, internet marketing and business automation and SOOO
much more. If you're serious about growing your business, I guarantee you'll get dozens
of ideas that will make you an additional $10,000 or more! Plus you'll have a chance to connect with hundreds of other successful
investors looking to do business with you.So do whatever it takes to get there...Pilar TobiasPS. Just remember, there's gonna be THOUSANDS in gifts and drawings just
given away! You can't win if you're not there. Don't miss out. http://ping.fm/O2CXa PPS. If you are new, or have bought less than 10 properties, you especially
need this now. Be there!
upcoming Investor Summit coming up in California on May 21st-23rd.http://ping.fm/a7evk It's going to be three intense days of hard-core training focused on what's
really working now, and teaching you how to take advantage of the greatest
investment market of your lifetime, even if you are starting from scratch. They'll be training on marketing, negotiation, commercial deals, private
money, foreclosures, internet marketing and business automation and SOOO
much more. If you're serious about growing your business, I guarantee you'll get dozens
of ideas that will make you an additional $10,000 or more! Plus you'll have a chance to connect with hundreds of other successful
investors looking to do business with you.So do whatever it takes to get there...Pilar TobiasPS. Just remember, there's gonna be THOUSANDS in gifts and drawings just
given away! You can't win if you're not there. Don't miss out. http://ping.fm/O2CXa PPS. If you are new, or have bought less than 10 properties, you especially
need this now. Be there!
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Just listed: Various Locations, Indianapolis, IN 00000 for $60,000 http://ping.fm/HY2d7
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Friday, May 14, 2010
Untitled
The most successful people in life are the ones with the best information.
People with power are people who know how to get things done. Knowing how
to do something is sometimes virtually the same as having done it. Knowledge will come to you when your eyes and mind are always open. There
is no knowledge that is not power. Power is the product of understanding.You'll build the power to accomplish your goals by educating yourself. This
power comes from knowing how to do something. In the land of the blind, the one eyed man is king.
People with power are people who know how to get things done. Knowing how
to do something is sometimes virtually the same as having done it. Knowledge will come to you when your eyes and mind are always open. There
is no knowledge that is not power. Power is the product of understanding.You'll build the power to accomplish your goals by educating yourself. This
power comes from knowing how to do something. In the land of the blind, the one eyed man is king.
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Thursday, May 13, 2010
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TODAY'S SCRIPTURE
"Who of you by worrying can add a single hour to his life"
(Matthew 6:27, NIV)
http://ping.fm/wmxS5
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TODAY'S WORD from Joel and Victoria
Are you worrying about something today? To worry means to allow something to
revolve in your mind over and over again. God doesn't want you to live
worried or anxious about anything. He knows that worry steals your peace and
joy. It affects every area of your life. Have you heard the saying, "Don't
worry yourself sick?" That's because worrying affects your physical body. It
affects your sleep. You won't ever gain anything by worrying; in fact,
you'll lose precious moments that you can never get back again. The good
news is that God has promised that you can have victory over worry. It
starts by making the choice to trust in Him. When you cast your cares on
Him, He will give you His peace.Decide today to put an end to worry in your life. Choose to feed your faith
and fill your mind with God's promises. As you focus on God's Word, you'll
drive out worry and fill your heart with faith and expectancy; and you'll be
empowered to move forward into the life of blessing He has in store for you!
http://ping.fm/pAw03
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A PRAYER FOR TODAY
Heavenly Father, today I choose to put an end to worry in my life. I choose
to feed my faith by studying Your promises and declaring Your Word over my
life. Help me to totally trust in You today and every day. In Jesus' Name.
Amen
"Who of you by worrying can add a single hour to his life"
(Matthew 6:27, NIV)
http://ping.fm/wmxS5
-02.gif
TODAY'S WORD from Joel and Victoria
Are you worrying about something today? To worry means to allow something to
revolve in your mind over and over again. God doesn't want you to live
worried or anxious about anything. He knows that worry steals your peace and
joy. It affects every area of your life. Have you heard the saying, "Don't
worry yourself sick?" That's because worrying affects your physical body. It
affects your sleep. You won't ever gain anything by worrying; in fact,
you'll lose precious moments that you can never get back again. The good
news is that God has promised that you can have victory over worry. It
starts by making the choice to trust in Him. When you cast your cares on
Him, He will give you His peace.Decide today to put an end to worry in your life. Choose to feed your faith
and fill your mind with God's promises. As you focus on God's Word, you'll
drive out worry and fill your heart with faith and expectancy; and you'll be
empowered to move forward into the life of blessing He has in store for you!
http://ping.fm/pAw03
-02.gif
A PRAYER FOR TODAY
Heavenly Father, today I choose to put an end to worry in my life. I choose
to feed my faith by studying Your promises and declaring Your Word over my
life. Help me to totally trust in You today and every day. In Jesus' Name.
Amen
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There are no degrees of honesty. There are only absolutes. Either you are
honest or you are not. Honesty does not come for a price; honesty is its own
reward. It's also the most efficient form of human behavior. Honest persons
never have to worry about which lie they have told to whom, and they never
have to worry about getting caught. Thus, they are free to focus all their
energies on more productive things. Make it a habit to be honest in all your
dealings. If you can't be truthful in what you say, don't say anything at
all. Remember, small lies start out innocently enough but soon assume lives
of their own. A small lie requires a larger one to conceal it, and soon
more, even larger lies are required. Don't tell that first lie or take a
single thing that doesn't belong to you, and you'll never have to worry.
honest or you are not. Honesty does not come for a price; honesty is its own
reward. It's also the most efficient form of human behavior. Honest persons
never have to worry about which lie they have told to whom, and they never
have to worry about getting caught. Thus, they are free to focus all their
energies on more productive things. Make it a habit to be honest in all your
dealings. If you can't be truthful in what you say, don't say anything at
all. Remember, small lies start out innocently enough but soon assume lives
of their own. A small lie requires a larger one to conceal it, and soon
more, even larger lies are required. Don't tell that first lie or take a
single thing that doesn't belong to you, and you'll never have to worry.
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There is no investment you'll ever make that will pay you so well as the
effort to scatter sunshine and good cheer where ever you are.The deepest principal in human nature is the craving to be appreciated.If you treat someone as if they were what they ought to be and could be,
they will become what they ought to be and could be.Everyone thrives on being appreciated, loved and needed.
There is no stimulus like that which comes from the consciousness of knowing
that others believe in you.Applaud others when they run. Console them when they fail. And cheer them
when they recover.As water is to a flower, so is praise to the heart of another.
effort to scatter sunshine and good cheer where ever you are.The deepest principal in human nature is the craving to be appreciated.If you treat someone as if they were what they ought to be and could be,
they will become what they ought to be and could be.Everyone thrives on being appreciated, loved and needed.
There is no stimulus like that which comes from the consciousness of knowing
that others believe in you.Applaud others when they run. Console them when they fail. And cheer them
when they recover.As water is to a flower, so is praise to the heart of another.
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Noah did everything exactly as God had commanded him. Genesis 6:22 (NLT)Noah obeyed completely (no instruction was overlooked) and he obeyed exactly
(in the way and time God wanted it done). That is wholeheartedness. It is no
wonder God smiled on Noah.If God asked you to build a giant boat, don't you think you might have a few
questions, objections, and reservations? Noah didn't. He obeyed God
wholeheartedly. That means doing whatever God asks without reservation or
hesitation. You don't procrastinate and say, "I'll pray about it." You do it
without delay. Every parent knows that delayed obedience is really
disobedience. God doesn't owe you an explanation or reason for everything he asks you to
do. Understanding can wait, but obedience can't. Instant obedience will
teach you more about God than a lifetime of Bible discussions. In fact, you
will never understand some commands until you obey them first. Obedience
unlocks understanding.Often we try to offer God partial obedience. We want to pick and choose the
commands we obey. We make a list of the commands we like and obey those
while ignoring the ones we think are unreasonable, difficult, expensive, or
unpopular. I'll attend church but I won't tithe. I'll read my Bible but I
won't forgive the person who hurt me. Yet partial obedience is disobedience.Wholehearted obedience is done joyfully with enthusiasm. The Bible says,
"Obey him gladly" (Psalm 100:2 LB). This is the attitude of David: "Just
tell me what to do and I will do it, Lord. As long as I live I'll
wholeheartedly obey" (Psalm 119:33 LB).James, speaking to Christians, said, "We please God by what we do and not
only by what we believe" (James 2:24 CEV). God's Word is clear that you
can't earn your salvation. It comes only by grace, not your effort. But as a
child of God you can bring pleasure to your heavenly Father through
obedience. Any act of obedience is also an act of worship. Why is obedience so pleasing
to God? Because it proves you really love him. Jesus said, "If you love me,
you will obey my commandments" (John 14:15 TEV).
(in the way and time God wanted it done). That is wholeheartedness. It is no
wonder God smiled on Noah.If God asked you to build a giant boat, don't you think you might have a few
questions, objections, and reservations? Noah didn't. He obeyed God
wholeheartedly. That means doing whatever God asks without reservation or
hesitation. You don't procrastinate and say, "I'll pray about it." You do it
without delay. Every parent knows that delayed obedience is really
disobedience. God doesn't owe you an explanation or reason for everything he asks you to
do. Understanding can wait, but obedience can't. Instant obedience will
teach you more about God than a lifetime of Bible discussions. In fact, you
will never understand some commands until you obey them first. Obedience
unlocks understanding.Often we try to offer God partial obedience. We want to pick and choose the
commands we obey. We make a list of the commands we like and obey those
while ignoring the ones we think are unreasonable, difficult, expensive, or
unpopular. I'll attend church but I won't tithe. I'll read my Bible but I
won't forgive the person who hurt me. Yet partial obedience is disobedience.Wholehearted obedience is done joyfully with enthusiasm. The Bible says,
"Obey him gladly" (Psalm 100:2 LB). This is the attitude of David: "Just
tell me what to do and I will do it, Lord. As long as I live I'll
wholeheartedly obey" (Psalm 119:33 LB).James, speaking to Christians, said, "We please God by what we do and not
only by what we believe" (James 2:24 CEV). God's Word is clear that you
can't earn your salvation. It comes only by grace, not your effort. But as a
child of God you can bring pleasure to your heavenly Father through
obedience. Any act of obedience is also an act of worship. Why is obedience so pleasing
to God? Because it proves you really love him. Jesus said, "If you love me,
you will obey my commandments" (John 14:15 TEV).
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Untitled
A new report from RealtyTrac showed that April foreclosure numbers decreased
annually
for the first time since 2005. Daren Blomquist is
the managing editor of the RealtyTrac foreclosure news report. For this
episode of In This Corner, he says while the new record is good news, there
is still a lot of work to be done.Is there a finish-line in sight on the foreclosure crisis? The industry
feels like it's been running a marathon. What would be the road signs to let
it know it's close?I think the year-over-year decrease in national foreclosure activity in
April is a definite sign that there is an end in sight, but on the other
hand the record REO numbers show that we've got a lot of backlogged
inventory stopped up in the foreclosure process that needs to be cleared
before we can return to a balanced, healthy market.What markets are heading in the right direction, and which are lagging
behind?Many markets in California appear to be headed in the right direction, with
decreasing foreclosures, particularly in the Notice of Default category.
We've seen five consecutive months of year-over-year declines in California,
including April. We saw six straight months of year-over-year declines in
Nevada through March, and the April numbers were down less than 1%, so
that's another state I would say is headed in the right direction. Arizona
has seen three straight months of year-over-year declines, although the
decline in March was less than 1%, and New York has also seen three straight
months of year-over year declines.Florida may be lagging behind that trend a bit. We saw a year-over-year
decline in April, but year-over-year increases in the previous five months.Georgia has seen five straight months of year-over-year increases after a
decline in November, as has Colorado. Colorado was actually looking on the
right track for much of 2009, when it posted year-over-year declines in
seven of 12 months and dropped out of the top-10 foreclosure rates for much
of the year. But it was back in the top 10 in March and April this year.Hawaii has also been flirting with the top 10 over the past few months. It
was tenth in December and eleventh in April. Hawaii has seen 35 straight
months of year-over-year increases in foreclosure activity. Similarly Utah
has seen 30 straight months of year-over-year increases and has consistently
ranked in the top 10 over the past year.The sand states still hold such a majority of the foreclosures. What has led
to the disparity?Actually, of the top five states with the most foreclosure activity in terms
of raw numbers, three are sand states (California, Florida, Arizona) but two
are Rust Belt states (Illinois, Michigan). However, the sand states
definitely dominate the top-five foreclosure rates and we believe that
because the housing bubble was most inflated in those states, leading to
many real estate transactions (both purchases and re-financings) during the
bubble and highly susceptible to foreclosure when the bubble collapsed.From what you're seeing, are foreclosures outpacing modifications?Yes. We've seen at least 250,00 properties receive a default notice or be
scheduled for public foreclosure auction each month over the past year, and
I believe the most recent permanent modifications number I've seen is
230,000 total.RealtyTrac has become the brand-name in foreclosure data during the current
crisis. You're just short of Coca-Cola. What new data sets or processes is
the company working on to give the industry even more insight?We're working on a foreclosure sales report for sometime in the next month
or two that will show what percentage of sales are sales of properties in
some stage of the foreclosure process and the average discount on a
foreclosure purchase, among other things.We're also working on a report that will show the average time it takes to
foreclose on a property on a state-by-state and even county-by-county basis.
We're also considering a report that would focus on commercial foreclosures.
annually
for the first time since 2005. Daren Blomquist is
the managing editor of the RealtyTrac foreclosure news report. For this
episode of In This Corner, he says while the new record is good news, there
is still a lot of work to be done.Is there a finish-line in sight on the foreclosure crisis? The industry
feels like it's been running a marathon. What would be the road signs to let
it know it's close?I think the year-over-year decrease in national foreclosure activity in
April is a definite sign that there is an end in sight, but on the other
hand the record REO numbers show that we've got a lot of backlogged
inventory stopped up in the foreclosure process that needs to be cleared
before we can return to a balanced, healthy market.What markets are heading in the right direction, and which are lagging
behind?Many markets in California appear to be headed in the right direction, with
decreasing foreclosures, particularly in the Notice of Default category.
We've seen five consecutive months of year-over-year declines in California,
including April. We saw six straight months of year-over-year declines in
Nevada through March, and the April numbers were down less than 1%, so
that's another state I would say is headed in the right direction. Arizona
has seen three straight months of year-over-year declines, although the
decline in March was less than 1%, and New York has also seen three straight
months of year-over year declines.Florida may be lagging behind that trend a bit. We saw a year-over-year
decline in April, but year-over-year increases in the previous five months.Georgia has seen five straight months of year-over-year increases after a
decline in November, as has Colorado. Colorado was actually looking on the
right track for much of 2009, when it posted year-over-year declines in
seven of 12 months and dropped out of the top-10 foreclosure rates for much
of the year. But it was back in the top 10 in March and April this year.Hawaii has also been flirting with the top 10 over the past few months. It
was tenth in December and eleventh in April. Hawaii has seen 35 straight
months of year-over-year increases in foreclosure activity. Similarly Utah
has seen 30 straight months of year-over-year increases and has consistently
ranked in the top 10 over the past year.The sand states still hold such a majority of the foreclosures. What has led
to the disparity?Actually, of the top five states with the most foreclosure activity in terms
of raw numbers, three are sand states (California, Florida, Arizona) but two
are Rust Belt states (Illinois, Michigan). However, the sand states
definitely dominate the top-five foreclosure rates and we believe that
because the housing bubble was most inflated in those states, leading to
many real estate transactions (both purchases and re-financings) during the
bubble and highly susceptible to foreclosure when the bubble collapsed.From what you're seeing, are foreclosures outpacing modifications?Yes. We've seen at least 250,00 properties receive a default notice or be
scheduled for public foreclosure auction each month over the past year, and
I believe the most recent permanent modifications number I've seen is
230,000 total.RealtyTrac has become the brand-name in foreclosure data during the current
crisis. You're just short of Coca-Cola. What new data sets or processes is
the company working on to give the industry even more insight?We're working on a foreclosure sales report for sometime in the next month
or two that will show what percentage of sales are sales of properties in
some stage of the foreclosure process and the average discount on a
foreclosure purchase, among other things.We're also working on a report that will show the average time it takes to
foreclose on a property on a state-by-state and even county-by-county basis.
We're also considering a report that would focus on commercial foreclosures.
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Wednesday, May 12, 2010
Untitled
Whatever you want in life, you must give up something to get it. The greater
the value, the greater the sacrifice required of you.Everything has a price. There's a price to pay if you want to make things
better, and a price to pay for just leaving things as they are.Nothing worthwhile ever comes easily. Work, continuous work and hard work,
is the only way to accomplish results that last.Use your imagination more than your memory to achieve success.The highway to success is a toll road. There is no success at bargain
basement prices.
the value, the greater the sacrifice required of you.Everything has a price. There's a price to pay if you want to make things
better, and a price to pay for just leaving things as they are.Nothing worthwhile ever comes easily. Work, continuous work and hard work,
is the only way to accomplish results that last.Use your imagination more than your memory to achieve success.The highway to success is a toll road. There is no success at bargain
basement prices.
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Untitled
The epistle to the Romans may have been written around 57 AD. If that timing
is accurate, then Nero would have been the Emperor.
"... for there is no authority except that which God has established"
Romans 13:1Can you imagine how difficult it would have been for the early Christians to
believe that he ruled because God put him there? After all, they would
suffer incredible persecution under a man as evil as Nero and his minions.
Yet, under the guidance of the Holy Spirit, that is exactly what Paul told
this early church to do. Moreover, he gave them instructions on the proper
citizenry of a Christian in an evil empire: be submissive, pay your taxes,
and follow the laws of the land. The Supreme Giver of the Law is God. One should be obedient to governments
only so long as he is not forced to disobey God. Whatever our circumstances,
we must be responsible citizens as well as obedient, and thus responsible,
Christians. Heading into this weekend, pray that our leaders and our nation
will acknowledge and honor God as the ultimate authoritygraciously
submitting to His established dominion and displaying His limitless love.Recommended Reading: Romans 13:1-10- Peggy Gustave
is accurate, then Nero would have been the Emperor.
"... for there is no authority except that which God has established"
Romans 13:1Can you imagine how difficult it would have been for the early Christians to
believe that he ruled because God put him there? After all, they would
suffer incredible persecution under a man as evil as Nero and his minions.
Yet, under the guidance of the Holy Spirit, that is exactly what Paul told
this early church to do. Moreover, he gave them instructions on the proper
citizenry of a Christian in an evil empire: be submissive, pay your taxes,
and follow the laws of the land. The Supreme Giver of the Law is God. One should be obedient to governments
only so long as he is not forced to disobey God. Whatever our circumstances,
we must be responsible citizens as well as obedient, and thus responsible,
Christians. Heading into this weekend, pray that our leaders and our nation
will acknowledge and honor God as the ultimate authoritygraciously
submitting to His established dominion and displaying His limitless love.Recommended Reading: Romans 13:1-10- Peggy Gustave
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Untitled
The first step toward getting somewhere is to decide that you're not going
to stay where you are. You're a product of your environment. So choose an environment that will
best develop you toward your goals. Analyze your life in terms of your environment. Are the things around you
helping you toward your success or are they holding you back? Your world today is a living expression of how you are using and have used
your mind. It's something that you can change at any time. You don't have to remain a captive of your environment.
Don't say "If I could change, I would change,"Say "I can change, and I will change."
to stay where you are. You're a product of your environment. So choose an environment that will
best develop you toward your goals. Analyze your life in terms of your environment. Are the things around you
helping you toward your success or are they holding you back? Your world today is a living expression of how you are using and have used
your mind. It's something that you can change at any time. You don't have to remain a captive of your environment.
Don't say "If I could change, I would change,"Say "I can change, and I will change."
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Untitled
The poster in the human resources office showed a three-branched seedling at
the base of a giant sequoia. The caption on the poster read "Determination."
Webster's Dictionary defines determination as the act of deciding definitely
and firmly.
"Be joyful in hope, patient in affliction, faithful in prayer." Romans 12:12 http://ping.fm/glD5WLiving the faith life is so much more than feeling. It takes determination.
Sure, some aspects are easier than others. But consider this
the base of a giant sequoia. The caption on the poster read "Determination."
Webster's Dictionary defines determination as the act of deciding definitely
and firmly.
"Be joyful in hope, patient in affliction, faithful in prayer." Romans 12:12 http://ping.fm/glD5WLiving the faith life is so much more than feeling. It takes determination.
Sure, some aspects are easier than others. But consider this
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Untitled
TODAY'S SCRIPTURE
"I have heard a report from the Lord."
(Jeremiah 49:14, AMP)
http://ping.fm/1PeDW
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TODAY'S WORD from Joel and Victoria
Every day we get "reports" from the news, our experiences, our friends and
family, and many other sources. We also get reports from the Word of God,
which oftentimes, contradicts what everyone else is saying. That's when we
have a choice to make. Do we believe what we hear in the natural, or do we
believe the report of the Lord? We serve a supernatural God! Just because we don't see a way doesn't mean
that He doesn't have a way. God can bring one opportunity across your path
that will thrust you to new levels. He has explosive blessings that can
blast you out of debt and into a place of abundance. What you're facing
today may be impossible with man, but with God all things are possible.
Choose today to believe the report of the Lord. Stand strong no matter what
is going on around you knowing that He has a plan to lead you into victory
in every area of your life!
http://ping.fm/fLNtY
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A PRAYER FOR TODAY
Father in heaven, I choose to believe Your Word above all else. I know that
You are working behind the scenes on my behalf, and You will cause me to
triumph. Help me to tune out the negative voices of the world so that I can
focus on Your goodness all the days of my life. In Jesus' Name. Amen.
"I have heard a report from the Lord."
(Jeremiah 49:14, AMP)
http://ping.fm/1PeDW
-02.gif
TODAY'S WORD from Joel and Victoria
Every day we get "reports" from the news, our experiences, our friends and
family, and many other sources. We also get reports from the Word of God,
which oftentimes, contradicts what everyone else is saying. That's when we
have a choice to make. Do we believe what we hear in the natural, or do we
believe the report of the Lord? We serve a supernatural God! Just because we don't see a way doesn't mean
that He doesn't have a way. God can bring one opportunity across your path
that will thrust you to new levels. He has explosive blessings that can
blast you out of debt and into a place of abundance. What you're facing
today may be impossible with man, but with God all things are possible.
Choose today to believe the report of the Lord. Stand strong no matter what
is going on around you knowing that He has a plan to lead you into victory
in every area of your life!
http://ping.fm/fLNtY
-02.gif
A PRAYER FOR TODAY
Father in heaven, I choose to believe Your Word above all else. I know that
You are working behind the scenes on my behalf, and You will cause me to
triumph. Help me to tune out the negative voices of the world so that I can
focus on Your goodness all the days of my life. In Jesus' Name. Amen.
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Untitled
"My prayer is not for them alone. I pray also for those who will believe in
me through their message . . ." John 17:20 (NIV) Today's guest devotional is provided by Jon Walker -During the Last Supper, Jesus prayed for himself and then he prayed for the
disciples. And then, with the hour of his death approaching, he took time to
pray for you. He prayed for all those who would believe through the ministry
of the disciples, and that means you.This is what he told God:"My prayer is not for them alone. I pray also for those who will believe in
me through their message, that all of them may be one, Father, just as you
are in me and I am in you. May they also be in us so that the world may
believe that you have sent me."I have given them the glory that you gave me, that they may be one as we
are one: I in them and you in me. May they be brought to complete unity to
let the world know that you sent me and have loved them even as you have
loved me."Father, I want those you have given me to be with me where I am, and to see
my glory, the glory you have given me because you loved me before the
creation of the world" (John 17:20-24 NIV). Jesus prays for you still. "Therefore he is able to save completely those
who come to God through him, because he always lives to intercede for them"
(Hebrews 7:25 NIV).Jesus wants you with him. "Father, I want those you have given me to be with
me where I am, and to see my glory . . ." (John 17:24 NIV).
me through their message . . ." John 17:20 (NIV) Today's guest devotional is provided by Jon Walker -During the Last Supper, Jesus prayed for himself and then he prayed for the
disciples. And then, with the hour of his death approaching, he took time to
pray for you. He prayed for all those who would believe through the ministry
of the disciples, and that means you.This is what he told God:"My prayer is not for them alone. I pray also for those who will believe in
me through their message, that all of them may be one, Father, just as you
are in me and I am in you. May they also be in us so that the world may
believe that you have sent me."I have given them the glory that you gave me, that they may be one as we
are one: I in them and you in me. May they be brought to complete unity to
let the world know that you sent me and have loved them even as you have
loved me."Father, I want those you have given me to be with me where I am, and to see
my glory, the glory you have given me because you loved me before the
creation of the world" (John 17:20-24 NIV). Jesus prays for you still. "Therefore he is able to save completely those
who come to God through him, because he always lives to intercede for them"
(Hebrews 7:25 NIV).Jesus wants you with him. "Father, I want those you have given me to be with
me where I am, and to see my glory . . ." (John 17:24 NIV).
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Untitled
Success is a road paved with perseverance. The odds are with you if you
keep trying.There is no failure except in not trying. You cannot be beaten at anything,
until you quit in your own mind. There is no defeat except from within.You have no really insurmountable barrier except your own inherent weakness
of purpose.Consider yourself on a very long journey. Sustain your personal vision of
success. In the end, you can only fail if you do not try.Winning isn't everything, but wanting to is.
keep trying.There is no failure except in not trying. You cannot be beaten at anything,
until you quit in your own mind. There is no defeat except from within.You have no really insurmountable barrier except your own inherent weakness
of purpose.Consider yourself on a very long journey. Sustain your personal vision of
success. In the end, you can only fail if you do not try.Winning isn't everything, but wanting to is.
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Untitled
A better understanding of what you are about-your goals, your dreams, and
your aspirations-leads you to a better understanding of those around you. It
is critical, therefore, that you be honest with yourself at all times. The
moment you begin to deceive yourself is the beginning of the decline in your
character; it is the beginning of a process of rationalization that permits
you to justify unacceptable behavior. Make sure you are a person whom you
like, a person of sound character. If you don't like yourself, how can you
expect others to like you? Step back and examine your behavior as logically
as possible. Ask yourself, "Am I the kind of person I would like to be
with?" Developing good character traits is like achieving any other
objective. Determine where you wish to be and then develop a plan for
getting there.
your aspirations-leads you to a better understanding of those around you. It
is critical, therefore, that you be honest with yourself at all times. The
moment you begin to deceive yourself is the beginning of the decline in your
character; it is the beginning of a process of rationalization that permits
you to justify unacceptable behavior. Make sure you are a person whom you
like, a person of sound character. If you don't like yourself, how can you
expect others to like you? Step back and examine your behavior as logically
as possible. Ask yourself, "Am I the kind of person I would like to be
with?" Developing good character traits is like achieving any other
objective. Determine where you wish to be and then develop a plan for
getting there.
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Untitled
"One should guard against preaching to young people success in the customary form as the main aim in life. The most important motive for work in school and in life is pleasure in work, pleasure in its result, and the knowledge of the value of the result to the community." ~ Albert Einstein
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Untitled
TODAY'S SCRIPTURE
Beloved, I pray that you may prosper in all things and be in health, just as
your soul prospers"
(3 John 1:2, NKJV)
http://ping.fm/jA7Cl
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TODAY'S WORD from Joel and Victoria
Many people today are living in "survival mode." If they can just make it
through the day, they've accomplished their goal. And, there are times when
circumstances can seem overwhelming. There are seasons that are more
difficult than others. But God doesn't want us to just survive, He wants us
to thrive. He wants us to prosper in all things.One definition of the word "thrive" means "to realize a goal despite
circumstances." That means you can prosper in all things no matter what is
going on around you. You don't have to settle for an average year; you can
have an extraordinary year. You may be planning on just getting by, but God
is planning on abundance. He's planning on overflow. It's time to get into
agreement with God. It's time to walk in His ways. It's time see your dreams
come to pass. It's time to thrive because God has a plan for you to prosper
in every area of your life!
http://ping.fm/uHpCW
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A PRAYER FOR TODAY
Father God, thank You for the gift of today. I choose to cast my cares on
You knowing that because You care about me, You care for me. Help me to see
the good plan You have for me so that I can thrive the way You intended. In
Jesus' Name. Amen.
Beloved, I pray that you may prosper in all things and be in health, just as
your soul prospers"
(3 John 1:2, NKJV)
http://ping.fm/jA7Cl
-02.gif
TODAY'S WORD from Joel and Victoria
Many people today are living in "survival mode." If they can just make it
through the day, they've accomplished their goal. And, there are times when
circumstances can seem overwhelming. There are seasons that are more
difficult than others. But God doesn't want us to just survive, He wants us
to thrive. He wants us to prosper in all things.One definition of the word "thrive" means "to realize a goal despite
circumstances." That means you can prosper in all things no matter what is
going on around you. You don't have to settle for an average year; you can
have an extraordinary year. You may be planning on just getting by, but God
is planning on abundance. He's planning on overflow. It's time to get into
agreement with God. It's time to walk in His ways. It's time see your dreams
come to pass. It's time to thrive because God has a plan for you to prosper
in every area of your life!
http://ping.fm/uHpCW
-02.gif
A PRAYER FOR TODAY
Father God, thank You for the gift of today. I choose to cast my cares on
You knowing that because You care about me, You care for me. Help me to see
the good plan You have for me so that I can thrive the way You intended. In
Jesus' Name. Amen.
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Untitled
Numerous times you read of Nehemiah praying alone - seeking guidance and
direction. He prayed for God's forgiveness for the people of Israel who had
strayed so far from Him. Later, Nehemiah also prayed for protection as he
and his fellow Israelites strove to rebuild Jerusalem's walls.
"We prayed to our God and posted a guard day and night to meet this threat.
" Nehemiah 4:9 http://ping.fm/JL2xTThen the Israelites prayed together with Nehemiah. Nehemiah's practice of
prayer inspired them to seek the will of the Lord. When they were threatened
verbally and when they were in danger of physical harm, they turned to God.
Subsequently the people acted under the Lord's guidance by posting a guard
around the clock. Toward the end, they kept watch and labored 24 hours a day
and changed clothes only to wash them. Their reward: they finished in record
time. The leaders of the nations surrounding them were disheartened because
they perceived that this work had been done by the Israelites' God!What great lessons you can learn from this! Pray for personal guidance. Pray
for America - its leaders and the decisions they need to make. Your prayers,
together with the prayers of others, will cause many to see only God in the
results.Recommended Reading: Nehemiah 4:19-23; 6:15-16
direction. He prayed for God's forgiveness for the people of Israel who had
strayed so far from Him. Later, Nehemiah also prayed for protection as he
and his fellow Israelites strove to rebuild Jerusalem's walls.
"We prayed to our God and posted a guard day and night to meet this threat.
" Nehemiah 4:9 http://ping.fm/JL2xTThen the Israelites prayed together with Nehemiah. Nehemiah's practice of
prayer inspired them to seek the will of the Lord. When they were threatened
verbally and when they were in danger of physical harm, they turned to God.
Subsequently the people acted under the Lord's guidance by posting a guard
around the clock. Toward the end, they kept watch and labored 24 hours a day
and changed clothes only to wash them. Their reward: they finished in record
time. The leaders of the nations surrounding them were disheartened because
they perceived that this work had been done by the Israelites' God!What great lessons you can learn from this! Pray for personal guidance. Pray
for America - its leaders and the decisions they need to make. Your prayers,
together with the prayers of others, will cause many to see only God in the
results.Recommended Reading: Nehemiah 4:19-23; 6:15-16
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Untitled
May the Lord smile on you. Numbers 6:25 (NLT)Since pleasing God is the first purpose of your life, your most important
task is to discover how to do that. The Bible says, "Figure out what will
please Christ, and then do it" (Ephesians 5:10 MSG).Fortunately, the Bible gives us a clear example of a life that gives
pleasure to God. The man's name was Noah. In Noah's day, the entire world had become morally bankrupt. Everyone lived
for their own pleasure, not God's. God couldn't find anyone on earth
interested in pleasing him, so he was grieved and regretted making man. God
became so disgusted with the human race that he considered wiping it out. But there was one man who made God smile. The Bible says, "Noah was a
pleasure to the Lord" (Genesis 6:8 LB).God said, "This guy brings me pleasure. He makes me smile. I'll start over
with his family." Because Noah brought pleasure to God, you and I are alive
today. Over the next few days, we will learn from Noah's life the five acts of
worship that make God smile.God smiles when we love him supremely. Noah loved God more than anything
else in the world, even when no one else did! The Bible tells us Noah
"consistently followed God's will and enjoyed a close relationship with him"
(Genesis 6:9 NLT).This is what God wants most from you: a relationship! It's the most
astounding truth in the universe: our Creator wants to fellowship with us.
God made you to love you, and he longs for you to love him back. He says, "I
don't want your sacrifices - I want your love; I don't want your offerings -
I want you to know me" (Hosea 6:6 LB).Can you sense God's passion for you in this verse? God deeply loves you and
desires your love in return. He longs for you to know him and spend time
with him. This is why learning to love God and to be loved by him should be
the greatest objective of your life. Nothing else comes close in importance. Jesus called it the greatest
commandment. He said, "'Love the Lord your God with all your heart and with
all your soul and with all your mind.' This is the first and greatest
commandment" (Matthew 22:37-38 NIV).
task is to discover how to do that. The Bible says, "Figure out what will
please Christ, and then do it" (Ephesians 5:10 MSG).Fortunately, the Bible gives us a clear example of a life that gives
pleasure to God. The man's name was Noah. In Noah's day, the entire world had become morally bankrupt. Everyone lived
for their own pleasure, not God's. God couldn't find anyone on earth
interested in pleasing him, so he was grieved and regretted making man. God
became so disgusted with the human race that he considered wiping it out. But there was one man who made God smile. The Bible says, "Noah was a
pleasure to the Lord" (Genesis 6:8 LB).God said, "This guy brings me pleasure. He makes me smile. I'll start over
with his family." Because Noah brought pleasure to God, you and I are alive
today. Over the next few days, we will learn from Noah's life the five acts of
worship that make God smile.God smiles when we love him supremely. Noah loved God more than anything
else in the world, even when no one else did! The Bible tells us Noah
"consistently followed God's will and enjoyed a close relationship with him"
(Genesis 6:9 NLT).This is what God wants most from you: a relationship! It's the most
astounding truth in the universe: our Creator wants to fellowship with us.
God made you to love you, and he longs for you to love him back. He says, "I
don't want your sacrifices - I want your love; I don't want your offerings -
I want you to know me" (Hosea 6:6 LB).Can you sense God's passion for you in this verse? God deeply loves you and
desires your love in return. He longs for you to know him and spend time
with him. This is why learning to love God and to be loved by him should be
the greatest objective of your life. Nothing else comes close in importance. Jesus called it the greatest
commandment. He said, "'Love the Lord your God with all your heart and with
all your soul and with all your mind.' This is the first and greatest
commandment" (Matthew 22:37-38 NIV).
via Ping.fm
Untitled
It's true. Money has no character, no personality, no values. Its actions
only reflect the desires of its owner. Money can build great hospitals and
schools, or it can be gambled away or squandered on meaningless possessions.
Money may build museums to house beautiful works of art, it may construct
beautiful houses of worship-or it may be used to create instruments of war
and destruction. As you build your personal wealth, make sure you build your
character by setting aside a portion of your income to help others. Choose a
church, a charity, or a cause that you can enthusiastically support. Then
give of your money and your time in support of that cause. The primary
beneficiary of such noble actions is always the one who gives, not the one
who receives.
only reflect the desires of its owner. Money can build great hospitals and
schools, or it can be gambled away or squandered on meaningless possessions.
Money may build museums to house beautiful works of art, it may construct
beautiful houses of worship-or it may be used to create instruments of war
and destruction. As you build your personal wealth, make sure you build your
character by setting aside a portion of your income to help others. Choose a
church, a charity, or a cause that you can enthusiastically support. Then
give of your money and your time in support of that cause. The primary
beneficiary of such noble actions is always the one who gives, not the one
who receives.
via Ping.fm
Untitled
According to the International Life Saving Federation, headquartered in
Belgium, about 1.2m people around the world die by drowning every year.
That's about one death every 30 seconds. About half of these are children,
according to the organization, which is heartbreaking. Of the remainder,
many die trying to rescue others who are drowning. Attempting to rescue a
person who panics in the water is among the most dangerous tasks emergency
responders face. We don't deal with life and death issues like that in our
business very often, thank God. But that doesn't mean that people here
aren't drowning.According to some estimates, about 10% of American homeowners currently owe
25% more than their properties are worth. That's about 11.3m homeowners who
are technically under water on their mortgage loans. If you wanted to name
them all over the next 12 months, you'd have to call out one name every
three seconds. By the time you finish, the majority of them will have lost
their homes through foreclosure or simply walked away.An underwater borrower can lose the home if they panic and don't take steps
to get their loan back on track and that can be heartbreaking. But with
strategic default becoming an acceptable method of dealing with serious
delinquency, the bank stands to lose even if the borrower doesn't panic, but
rather thinks things through and decides to mail in the keys. Either way,
the rescuer-in this case the federal government-gets hurt.There can be no better illustration of this than the recent earnings
announcement from Fannie Mae (FNM :
1.03 -2.83%). Currently in receivership and under the control of the federal
government, the GSE reported yesterday that it had lost $13.1bn in the first
quarter. If you were throwing dollar bills into a campfire, you'd have to
chuck $1,661 into the flames every second to lose as much money in the same
period of time.On the plus side, sort of, Fannie lost $23.2bn in the same period last year,
so this is like an improvement. I guess. A new loan quality initiative
Fannie Mae is rolling out will help, too.To keep the industry moving toward recovery, Fannie will request $8.4bn from
the US Treasury Department. You don't even want to know how fast the
printing presses will have to be moving to create that amount of money or
how many man-hours the Internal Revenue Service will spend collecting it
from you, because that's where its going to come from. That brings the total
bailout for Fannie and Freddie Mac (FRE
: 1.34 -2.19%) to $145bn.so far.Now, I'm not interested in piling on with those who claim that free markets
should have been allowed to deal with these problems. I don't believe they
could have. And I'm not interested in getting into any arguments with folks
that aren't up to speed on which toxic assets the GSEs bought versus the
Treasury or someone else. It doesn't really matter. All I'm wondering is
will there come a time when the government realizes that strategic defaults
are not the same as loss of homeownership for economic or other reasons
beyond the control of the borrower?The government has spent a fair amount of resources on the idea that homes
must be saved and borrowers should get assistance to stay in their homes and
the current administration has been more than willing to commit public funds
to the aid of industry firms that work toward these goals. All fine and
good. But when it comes to a lender who cannot convince a borrower of means
not to walk away from a perfectly good loan that just happens to currently
have a very high LTV, I'm not sure taxpayers should share in that loss. I
mean, we weren't in line to share in any gains realized from these
borrowers, at least I wasn't.I'm all for pitching in and helping the government and the industry work
through the downturn and my tax bills indicate that I've been doing my
share. I'm just not interested in drowning myself because other borrowers
have decided they can walk away from a contract. Perhaps the industry should
segment these borrowers and take a different tack with those who walk away.
Belgium, about 1.2m people around the world die by drowning every year.
That's about one death every 30 seconds. About half of these are children,
according to the organization, which is heartbreaking. Of the remainder,
many die trying to rescue others who are drowning. Attempting to rescue a
person who panics in the water is among the most dangerous tasks emergency
responders face. We don't deal with life and death issues like that in our
business very often, thank God. But that doesn't mean that people here
aren't drowning.According to some estimates, about 10% of American homeowners currently owe
25% more than their properties are worth. That's about 11.3m homeowners who
are technically under water on their mortgage loans. If you wanted to name
them all over the next 12 months, you'd have to call out one name every
three seconds. By the time you finish, the majority of them will have lost
their homes through foreclosure or simply walked away.An underwater borrower can lose the home if they panic and don't take steps
to get their loan back on track and that can be heartbreaking. But with
strategic default becoming an acceptable method of dealing with serious
delinquency, the bank stands to lose even if the borrower doesn't panic, but
rather thinks things through and decides to mail in the keys. Either way,
the rescuer-in this case the federal government-gets hurt.There can be no better illustration of this than the recent earnings
announcement from Fannie Mae (FNM :
1.03 -2.83%). Currently in receivership and under the control of the federal
government, the GSE reported yesterday that it had lost $13.1bn in the first
quarter. If you were throwing dollar bills into a campfire, you'd have to
chuck $1,661 into the flames every second to lose as much money in the same
period of time.On the plus side, sort of, Fannie lost $23.2bn in the same period last year,
so this is like an improvement. I guess. A new loan quality initiative
Fannie Mae is rolling out will help, too.To keep the industry moving toward recovery, Fannie will request $8.4bn from
the US Treasury Department. You don't even want to know how fast the
printing presses will have to be moving to create that amount of money or
how many man-hours the Internal Revenue Service will spend collecting it
from you, because that's where its going to come from. That brings the total
bailout for Fannie and Freddie Mac (FRE
: 1.34 -2.19%) to $145bn.so far.Now, I'm not interested in piling on with those who claim that free markets
should have been allowed to deal with these problems. I don't believe they
could have. And I'm not interested in getting into any arguments with folks
that aren't up to speed on which toxic assets the GSEs bought versus the
Treasury or someone else. It doesn't really matter. All I'm wondering is
will there come a time when the government realizes that strategic defaults
are not the same as loss of homeownership for economic or other reasons
beyond the control of the borrower?The government has spent a fair amount of resources on the idea that homes
must be saved and borrowers should get assistance to stay in their homes and
the current administration has been more than willing to commit public funds
to the aid of industry firms that work toward these goals. All fine and
good. But when it comes to a lender who cannot convince a borrower of means
not to walk away from a perfectly good loan that just happens to currently
have a very high LTV, I'm not sure taxpayers should share in that loss. I
mean, we weren't in line to share in any gains realized from these
borrowers, at least I wasn't.I'm all for pitching in and helping the government and the industry work
through the downturn and my tax bills indicate that I've been doing my
share. I'm just not interested in drowning myself because other borrowers
have decided they can walk away from a contract. Perhaps the industry should
segment these borrowers and take a different tack with those who walk away.
via Ping.fm
Untitled
TODAY'S SCRIPTURE
.the Lord has broken through my enemies before me, like the bursting out of
great waters."
(2 Samuel 5:20, AMP)
http://ping.fm/zGTr9
-02.gif
TODAY'S WORD from Joel and Victoria
God wants to give you a breakthrough-a sudden burst of His favor; an
explosion of His goodness. He wants to release His power in such a way that
it overwhelms you and drives out your enemies!Maybe you've been praying about a relationship for years, and suddenly,
things get into place. That's a breakthrough. Or you were trying to get a
certain job. They said there were no openings; but suddenly, they call you
back and you get the job. That's another breakthrough. Perhaps you've
struggled with an addiction for a long time, but then something happens and
it's not a struggle anymore. Those are all breakthroughs.No matter what you've been facing, no matter how impossible things look,
know this: the God of the breakthrough wants to visit your house. Get ready!
Look for His favor and goodness. Remember, God rewards the people who seek
after Him. So keep expecting, keep believing because the God of the
breakthrough is ready to overwhelm you with His goodness today!
http://ping.fm/mAsJ0
-02.gif
A PRAYER FOR TODAY
Father in heaven, today I am expecting Your goodness. I am looking for Your
favor. I'm trusting that You, the God of the breakthrough, are working
mightily on my behalf. Help me to live a life pleasing to You as I wait for
Your hand to move mightily in my life. In Jesus' Name. Amen.
.the Lord has broken through my enemies before me, like the bursting out of
great waters."
(2 Samuel 5:20, AMP)
http://ping.fm/zGTr9
-02.gif
TODAY'S WORD from Joel and Victoria
God wants to give you a breakthrough-a sudden burst of His favor; an
explosion of His goodness. He wants to release His power in such a way that
it overwhelms you and drives out your enemies!Maybe you've been praying about a relationship for years, and suddenly,
things get into place. That's a breakthrough. Or you were trying to get a
certain job. They said there were no openings; but suddenly, they call you
back and you get the job. That's another breakthrough. Perhaps you've
struggled with an addiction for a long time, but then something happens and
it's not a struggle anymore. Those are all breakthroughs.No matter what you've been facing, no matter how impossible things look,
know this: the God of the breakthrough wants to visit your house. Get ready!
Look for His favor and goodness. Remember, God rewards the people who seek
after Him. So keep expecting, keep believing because the God of the
breakthrough is ready to overwhelm you with His goodness today!
http://ping.fm/mAsJ0
-02.gif
A PRAYER FOR TODAY
Father in heaven, today I am expecting Your goodness. I am looking for Your
favor. I'm trusting that You, the God of the breakthrough, are working
mightily on my behalf. Help me to live a life pleasing to You as I wait for
Your hand to move mightily in my life. In Jesus' Name. Amen.
via Ping.fm
Untitled
By faith, Noah built a ship in the middle of dry land. He was warned about
something he couldn't see, and acted on what he was told. . . . As a result,
Noah became intimate with God. Hebrews 11:7 (MSG)Imagine this scene: One day God comes to Noah and says, "I'm disappointed in
human beings. In the entire world, no one but you thinks about me. But Noah,
when I look at you, I start smiling. I'm pleased with your life, so I'm
going to flood the world and start over with you and your family. I want you
to build a giant ship that will save you and the animals."There were three problems that could have caused Noah to doubt: 1. Noah had never seen rain because prior to the flood God irrigated
the earth from the ground up (Genesis 2:5-6).
2. Noah lived hundreds of miles from the nearest ocean. Even if he
could learn to build a ship, how would he get it to water?
3. There was the problem of rounding up all the animals and then caring
for them. But Noah didn't complain or make excuses. He trusted God completely, and
that made God smile. Trusting God completely means having faith that God knows what is best for
your life. You expect him to keep his promises, help you with problems, and
do the impossible when necessary. The Bible says, "He takes pleasure in those who honor him, in those who
trust in his constant love" (Psalm 147:11 TEV).It took Noah 120 years to build the ark. I imagine he faced many
discouraging days. With no sign of rain year after year, he was probably
criticized as a "crazy man who thinks God speaks to him." I imagine Noah's
children were often embarrassed by the giant ship being built in their front
yard. Yet Noah kept on trusting God.In what areas of your life do you need to trust God completely? Trusting is an act of worship. Just as parents are pleased when children
trust them, your faith makes God happy. The Bible says, "Without faith it is
impossible to please God" (Hebrews 11:6 NIV).
something he couldn't see, and acted on what he was told. . . . As a result,
Noah became intimate with God. Hebrews 11:7 (MSG)Imagine this scene: One day God comes to Noah and says, "I'm disappointed in
human beings. In the entire world, no one but you thinks about me. But Noah,
when I look at you, I start smiling. I'm pleased with your life, so I'm
going to flood the world and start over with you and your family. I want you
to build a giant ship that will save you and the animals."There were three problems that could have caused Noah to doubt: 1. Noah had never seen rain because prior to the flood God irrigated
the earth from the ground up (Genesis 2:5-6).
2. Noah lived hundreds of miles from the nearest ocean. Even if he
could learn to build a ship, how would he get it to water?
3. There was the problem of rounding up all the animals and then caring
for them. But Noah didn't complain or make excuses. He trusted God completely, and
that made God smile. Trusting God completely means having faith that God knows what is best for
your life. You expect him to keep his promises, help you with problems, and
do the impossible when necessary. The Bible says, "He takes pleasure in those who honor him, in those who
trust in his constant love" (Psalm 147:11 TEV).It took Noah 120 years to build the ark. I imagine he faced many
discouraging days. With no sign of rain year after year, he was probably
criticized as a "crazy man who thinks God speaks to him." I imagine Noah's
children were often embarrassed by the giant ship being built in their front
yard. Yet Noah kept on trusting God.In what areas of your life do you need to trust God completely? Trusting is an act of worship. Just as parents are pleased when children
trust them, your faith makes God happy. The Bible says, "Without faith it is
impossible to please God" (Hebrews 11:6 NIV).
via Ping.fm
Untitled
"But be ye doers of the word, and not hearers only, deceiving your own
selves."
(James 1:22)Have you ever been in the position in the past where every time you opened
the Bible you received a river of revelation? Does it seem lately that the
river's run dry? If so, I strongly suggest that you backtrack to the last
revelation God gave you. Back up and see if you acted on it, if you did what
God showed you to do. If you didn't, start again, digging into that
revelation and then putting it into action in your life. You'll soon find
new revelations are beginning to flow. You see, revelation is most prolific when you are acting on the Word. I've
discovered that for myself again and again. The more I act on the Word, the
more I see into it. That's why James 1:22 tells us to not only hear God's
Word but to DO IT! It may seem that the things God has revealed to you are very insignificant.
They may not even make good sense to your natural mind. But do them anyway!
If you had insight into the spirit realm, you'd see they're far more
important than you think. Open God's Word anew today. Come before Him expecting a fresh revelation of
the Scripture and commit to Him to follow it up with obedience. Be a doer of
God's revelations and not a hearer only and your river will never run dry.
selves."
(James 1:22)Have you ever been in the position in the past where every time you opened
the Bible you received a river of revelation? Does it seem lately that the
river's run dry? If so, I strongly suggest that you backtrack to the last
revelation God gave you. Back up and see if you acted on it, if you did what
God showed you to do. If you didn't, start again, digging into that
revelation and then putting it into action in your life. You'll soon find
new revelations are beginning to flow. You see, revelation is most prolific when you are acting on the Word. I've
discovered that for myself again and again. The more I act on the Word, the
more I see into it. That's why James 1:22 tells us to not only hear God's
Word but to DO IT! It may seem that the things God has revealed to you are very insignificant.
They may not even make good sense to your natural mind. But do them anyway!
If you had insight into the spirit realm, you'd see they're far more
important than you think. Open God's Word anew today. Come before Him expecting a fresh revelation of
the Scripture and commit to Him to follow it up with obedience. Be a doer of
God's revelations and not a hearer only and your river will never run dry.
via Ping.fm
Untitled
Many mothers use the technique of saying, "Eyes please!" when they want
their children to pay attention to her. She emphasizes their need to look so
they will listen.
"Give ear to my words, O Lord, consider my sighing." Psalm 5:1 http://ping.fm/cXVbZIn this Psalm, David implores God to turn His ears to him so He can hear his
plea. David asks God to "consider" his sighing. To consider is another way
of saying, "Please, Lord, hear me. I'm beseeching You." David was feeling
the pressure of his enemies and seeing the wickedness of those around him.
And he needed reassurance from God that his prayers would be heard and
answered.Can you relate to that? It is impossible to look at your country today and
not see the greed, the narcissism, the retreat from God and the turning to
everything that opposes Him. You can see corruption in so many places. So
where can you put your confidence? David tells us. In the last verses of
Psalm 5 he says to rejoice, put your trust in God - He is your sure defense.
The Lord promises to bless the righteous and protect you with His shield.Pray for America. Lift your intercessions for the nation's leaders to God's
listening ears.Recommended Reading: Psalm 5 - J.K. - Your Prayer Team Writing Staff
their children to pay attention to her. She emphasizes their need to look so
they will listen.
"Give ear to my words, O Lord, consider my sighing." Psalm 5:1 http://ping.fm/cXVbZIn this Psalm, David implores God to turn His ears to him so He can hear his
plea. David asks God to "consider" his sighing. To consider is another way
of saying, "Please, Lord, hear me. I'm beseeching You." David was feeling
the pressure of his enemies and seeing the wickedness of those around him.
And he needed reassurance from God that his prayers would be heard and
answered.Can you relate to that? It is impossible to look at your country today and
not see the greed, the narcissism, the retreat from God and the turning to
everything that opposes Him. You can see corruption in so many places. So
where can you put your confidence? David tells us. In the last verses of
Psalm 5 he says to rejoice, put your trust in God - He is your sure defense.
The Lord promises to bless the righteous and protect you with His shield.Pray for America. Lift your intercessions for the nation's leaders to God's
listening ears.Recommended Reading: Psalm 5 - J.K. - Your Prayer Team Writing Staff
via Ping.fm
Untitled
We human beings are a complex lot. Many religious writings and great
literary works are based upon the constant struggle between good and evil
that goes on inside every one of us. This struggle is as old as mankind
itself. Yet, while we recognize our own inner struggles, we are often quick
to condemn others. Psychologists tell us that there is no such thing as a
bad person; there are only bad behaviors. Make it a point to look for the
good in yourself-and in others. Nurture the good character traits and work
on the ones that may need improvement. Like plants in a garden, the
character traits that grow strong and productive will be those that are fed,
watered, and weeded regularly.
literary works are based upon the constant struggle between good and evil
that goes on inside every one of us. This struggle is as old as mankind
itself. Yet, while we recognize our own inner struggles, we are often quick
to condemn others. Psychologists tell us that there is no such thing as a
bad person; there are only bad behaviors. Make it a point to look for the
good in yourself-and in others. Nurture the good character traits and work
on the ones that may need improvement. Like plants in a garden, the
character traits that grow strong and productive will be those that are fed,
watered, and weeded regularly.
via Ping.fm
Untitled
The Federal Deposit Insurance Corp. (FDIC) board of directors today approved
a Notice of Proposed Rulemaking (NPR) to clarify the safe harbor protection
for failed bank assets being transferred for securitization.The proposed changes are already being greeted by critics in the industry
that warn investor confidence - and the future of securitization - could be
on the line.The FDIC is proposing a 5% reserve fund for residential mortgage-backed
securities (RMBS) to cover potential put backs during the first year of the
deal, rather than the prior 12-month seasoning requirement.The FDIC is proposing required disclosure of any competing ownership
interests in secondary liens secured by the same property and held by the
servicer or its affiliates. The proposals include a requirement that
deferred compensation be paid only to the rating agencies, rather than all
service providers."The market is clearly trying to find a new securitization model, with
investors placing a premium on transparency throughout the process," said
FDIC chairman Sheila Bair in a
press statement.
"With the system awash in cash, investor appetite is coming back. Now is the
time to act to put prudent controls in place before the significant issues
we saw during the crisis return."The FDIC said its proposed risk retention requirements are aligned with
those proposed by the Securities and Exchange Commission (SEC).
Additionally, the FDIC said compliance with the SEC
's new Regulation AB will satisfy the disclosure requirements
within today's NPR.The Comptroller of the Currency John Dugan in a statement responding to the
FDIC's announcement, said he "cannot support today's" NPR, partly because it
establishes disclosure rules that differ from the SEC's disclosure rules.Dugan also said Congress is considering a provision to address the same
issues brought up in the NPR, but in a more comprehensive way that would
apply to all securitizers, not just bank securitizers. Additionally, Dugan
said the NPR only applies to banks, and not to affiliates or nonbank
securitizers, which creates an un-level playing field that disadvantages
banks and "creates incentives for evasion by conducting securitizations
outside of banks."He also said the NPR does not seek to improve mortgage underwriting
standards at the source - by regulating minimum standards. Risk retention
could be lowered, Dugan noted, if underwriting standards were regulated
directly."The resulting uncertainty about possible future outcomes could be a
significant deterrent to investor interest in buying securitized loans in
the first instance - the very outcome we are trying to avoid," he said.Richard Dorfman, managing director and head of the SIFMA Securitization
Group (SSG) said the NPR could potentially hamper a recovery in the
securitization markets."Some of the FDIC's proposed rules . could be detrimental to the
re-establishment of well-functioning securitization markets," he said. "We
are also concerned that the proposed safe harbor is not an appropriate means
of regulation, in that substantive regulation of securitization market
activities would be effected through the FDIC's insolvency regime, which
could potentially create an unlevel playing field for bank issuers."The Executive Director of the American Securitization Forum (ASF) Tom
Deutsch said that, despite the FDIC's assurances it is committed to working
closely with the SEC to ensure a level playing field with the Reg AB, a
level of uncertainty among investors may remain."The safe harbor means that applicable securitization assets will not be
seized by the FDIC in the case of issuer insolvency," said Tom Deutsch tells
HousingWire. "But disclosure regulations such as these may be better left to
the SEC rulemaking as it could potentially cause uncertainty to investors as
to the enforceability of the safe harbor."The NPR is open to public comment for 45 days following its publication in
the Federal Register.Write to Diana Golobay.Additional reporting by Jacob Gaffney
a Notice of Proposed Rulemaking (NPR) to clarify the safe harbor protection
for failed bank assets being transferred for securitization.The proposed changes are already being greeted by critics in the industry
that warn investor confidence - and the future of securitization - could be
on the line.The FDIC is proposing a 5% reserve fund for residential mortgage-backed
securities (RMBS) to cover potential put backs during the first year of the
deal, rather than the prior 12-month seasoning requirement.The FDIC is proposing required disclosure of any competing ownership
interests in secondary liens secured by the same property and held by the
servicer or its affiliates. The proposals include a requirement that
deferred compensation be paid only to the rating agencies, rather than all
service providers."The market is clearly trying to find a new securitization model, with
investors placing a premium on transparency throughout the process," said
FDIC chairman Sheila Bair in a
press statement.
"With the system awash in cash, investor appetite is coming back. Now is the
time to act to put prudent controls in place before the significant issues
we saw during the crisis return."The FDIC said its proposed risk retention requirements are aligned with
those proposed by the Securities and Exchange Commission (SEC).
Additionally, the FDIC said compliance with the SEC
's new Regulation AB will satisfy the disclosure requirements
within today's NPR.The Comptroller of the Currency John Dugan in a statement responding to the
FDIC's announcement, said he "cannot support today's" NPR, partly because it
establishes disclosure rules that differ from the SEC's disclosure rules.Dugan also said Congress is considering a provision to address the same
issues brought up in the NPR, but in a more comprehensive way that would
apply to all securitizers, not just bank securitizers. Additionally, Dugan
said the NPR only applies to banks, and not to affiliates or nonbank
securitizers, which creates an un-level playing field that disadvantages
banks and "creates incentives for evasion by conducting securitizations
outside of banks."He also said the NPR does not seek to improve mortgage underwriting
standards at the source - by regulating minimum standards. Risk retention
could be lowered, Dugan noted, if underwriting standards were regulated
directly."The resulting uncertainty about possible future outcomes could be a
significant deterrent to investor interest in buying securitized loans in
the first instance - the very outcome we are trying to avoid," he said.Richard Dorfman, managing director and head of the SIFMA Securitization
Group (SSG) said the NPR could potentially hamper a recovery in the
securitization markets."Some of the FDIC's proposed rules . could be detrimental to the
re-establishment of well-functioning securitization markets," he said. "We
are also concerned that the proposed safe harbor is not an appropriate means
of regulation, in that substantive regulation of securitization market
activities would be effected through the FDIC's insolvency regime, which
could potentially create an unlevel playing field for bank issuers."The Executive Director of the American Securitization Forum (ASF) Tom
Deutsch said that, despite the FDIC's assurances it is committed to working
closely with the SEC to ensure a level playing field with the Reg AB, a
level of uncertainty among investors may remain."The safe harbor means that applicable securitization assets will not be
seized by the FDIC in the case of issuer insolvency," said Tom Deutsch tells
HousingWire. "But disclosure regulations such as these may be better left to
the SEC rulemaking as it could potentially cause uncertainty to investors as
to the enforceability of the safe harbor."The NPR is open to public comment for 45 days following its publication in
the Federal Register.Write to Diana Golobay.Additional reporting by Jacob Gaffney
via Ping.fm
Untitled
I know you’re going to love this. My friends and business
partners D.C. Fawcett and Karen Hanover are putting on a
BRAND NEW FR’EE webinar and YOU ARE INVITED.They’re going to pull back the curtains to reveal the
systems that the pro’s are using to cash in o'n commercial
foreclosures and short sales. All you have to do is click
the link below.Register for it here: http://ping.fm/QFmzU &a_bid=d7a1f64eOn top of that they’re going to spice things up and give
away a prize that will show you:*How to grow wealthy using other people’s money (the secret
behind great fortunes).*How to let the government finance your commercial
foreclosure or short sale investment (they want you to
succeed).*How to have your short sales negotiated for you (you’ll
never have to talk to the bank).*And much, much more!The only thing you have to do to WIN is be on the webinar.It’s going to be lots of fun while they do their best to
stuff your brain with as many money makin'g ideas as you can
handle. Are you in?Go register for the webinar: http://ping.fm/49TvX &a_bid=d7a1f64e
They’re holding nothing back, pulling no punches, and givingyou the RAW truth about what it takes to bring home the BIG
BUCKS using commercial foreclosures and short sales using
none of your own money and none of your own credit. The lines are limited so make sure you register early.Sincerely,PilarPS- Take advantage of this opportunit'y while you can. This
Commercial Goldrush may never happen again in our lives, so
now is the time to take action. Go register:http://ping.fm/qPQIa &a_bid=d7a1f64e Remember you have to be on the webinar to have a chance to
win the prize. This message was sent from DC and Karen to PTobias@TobiasAssociates.com. It was sent from: DC Fawcett , 3433 Lithia Pinecrest Rd 355, Valrico, FL 33594. You can modify/update your subscription via the link below. Email Marketing by
iContact - Try It Free!
Manage your subscription No virus found in this incoming message.
Checked by AVG - www.avg.com
Version: 9.0.819 / Virus Database: 271.1.1/2868 - Release Date: 05/11/10 11:40:00
partners D.C. Fawcett and Karen Hanover are putting on a
BRAND NEW FR’EE webinar and YOU ARE INVITED.They’re going to pull back the curtains to reveal the
systems that the pro’s are using to cash in o'n commercial
foreclosures and short sales. All you have to do is click
the link below.Register for it here: http://ping.fm/QFmzU &a_bid=d7a1f64eOn top of that they’re going to spice things up and give
away a prize that will show you:*How to grow wealthy using other people’s money (the secret
behind great fortunes).*How to let the government finance your commercial
foreclosure or short sale investment (they want you to
succeed).*How to have your short sales negotiated for you (you’ll
never have to talk to the bank).*And much, much more!The only thing you have to do to WIN is be on the webinar.It’s going to be lots of fun while they do their best to
stuff your brain with as many money makin'g ideas as you can
handle. Are you in?Go register for the webinar: http://ping.fm/49TvX &a_bid=d7a1f64e
They’re holding nothing back, pulling no punches, and givingyou the RAW truth about what it takes to bring home the BIG
BUCKS using commercial foreclosures and short sales using
none of your own money and none of your own credit. The lines are limited so make sure you register early.Sincerely,PilarPS- Take advantage of this opportunit'y while you can. This
Commercial Goldrush may never happen again in our lives, so
now is the time to take action. Go register:http://ping.fm/qPQIa &a_bid=d7a1f64e Remember you have to be on the webinar to have a chance to
win the prize. This message was sent from DC and Karen to PTobias@TobiasAssociates.com. It was sent from: DC Fawcett , 3433 Lithia Pinecrest Rd 355, Valrico, FL 33594. You can modify/update your subscription via the link below. Email Marketing by
iContact - Try It Free!
Manage your subscription No virus found in this incoming message.
Checked by AVG - www.avg.com
Version: 9.0.819 / Virus Database: 271.1.1/2868 - Release Date: 05/11/10 11:40:00
via Ping.fm
Untitled
The first thing that will contribute to reaching your goal is that you
simply want to reach it badly enough. You must learn how to desire with sufficient intensity to be successful. If you have the desire you have the power to attain success. You can really
have anything you want in life if you go after it. But you have to want it. As a drowning soul desires air, as a shipwrecked person craves fresh water,
so must you feel that intense, eager, insistent, demanding, ravenous desire
for your success. Your desire for success must be so strong within you that it becomes the
very breath of your life. It must be your first thought when you wake up,
and your last thought when you go to bed at night. You can have anything you want if you go after it with intensity
simply want to reach it badly enough. You must learn how to desire with sufficient intensity to be successful. If you have the desire you have the power to attain success. You can really
have anything you want in life if you go after it. But you have to want it. As a drowning soul desires air, as a shipwrecked person craves fresh water,
so must you feel that intense, eager, insistent, demanding, ravenous desire
for your success. Your desire for success must be so strong within you that it becomes the
very breath of your life. It must be your first thought when you wake up,
and your last thought when you go to bed at night. You can have anything you want if you go after it with intensity
via Ping.fm
Tuesday, May 11, 2010
Untitled
Home prices across the United States continue to slide in the quarterly
context, but industry data released Thursday indicates that when you widen
the scope, year-over-year numbers are still showing a healthy bounce-back
from the depressed levels recorded in 2009.Add to that the fact that REOs are coming to market at a much slower pace,
and analysts at the real estate valuation firm Clear Capital
say it just might mean the rapid
deterioration in the housing market will have a shorter lifespan than
originally feared. Clear Capital reported that nationally, home prices slipped 5.0 percent in
April when compared to three months earlier. The decline represents a
further 1.1 percentage point reduction from the quarterly decline reported
last month. But on a positive note, Clear Capital says this is a marked slowdown in the
rate of decline. A 3.9 percentage point drop was seen between the months of
February and March.The fall-off seems to suggest typical seasonal patterns, since even with the
quarterly decline the annual price difference remained unchanged from Clear
Capital'slast report - year-over-year, residential property values are showing a 5.1
percent gain nationally.The increase in the nation's REO saturation rate slowed last month,
according to Clear Capital's report, rising less than one percentage point to 29.6 percent. The
company's data shows, though, that market-to-market variations in REO
inventories can best be described as extreme. "An interesting dynamic we're observing is the clear distinction between
markets that are resilient to increased levels of bank owned properties and
those which continue to be highly sensitive," said Dr. Alex Villacorta,
Senior Statistician, Clear Capital.Villacorta says the highest performing metro areas have seen prices remain
relatively flat over the last quarter despite REO saturation rates averaging
just above 33 percent. Contrast this with the lowest performing areas which
have seen prices drop more than 10 percent on average although REO
saturation rates are well below those of the highest performing areas.For example, the San Diego metro, which also includes Carlsbad and San
Marcos, California, was one of the few areas to show a quarter-over-quarter
price gain in April, up 1.5 percent. Prices from a year ago there are up
12.5 percent. Yet, the REO saturation within the metros housing inventory is
35.0 percent, according to Clear Capital's numbers. Travel down to Louisiana, to the metro area of New Orleans-Metairie-Kenner,
and the data shows home prices fell 12.6 percent on a quarterly basis and
are down 2.8 percent from a year ago. The REO saturation level there - 17.6
percent."This paradox suggests that price trends are not wholly dependent on
distressed sale volume, and re-enforces the need to understand local market
trends," Villacorta said.
context, but industry data released Thursday indicates that when you widen
the scope, year-over-year numbers are still showing a healthy bounce-back
from the depressed levels recorded in 2009.Add to that the fact that REOs are coming to market at a much slower pace,
and analysts at the real estate valuation firm Clear Capital
say it just might mean the rapid
deterioration in the housing market will have a shorter lifespan than
originally feared. Clear Capital reported that nationally, home prices slipped 5.0 percent in
April when compared to three months earlier. The decline represents a
further 1.1 percentage point reduction from the quarterly decline reported
last month. But on a positive note, Clear Capital says this is a marked slowdown in the
rate of decline. A 3.9 percentage point drop was seen between the months of
February and March.The fall-off seems to suggest typical seasonal patterns, since even with the
quarterly decline the annual price difference remained unchanged from Clear
Capital'slast report - year-over-year, residential property values are showing a 5.1
percent gain nationally.The increase in the nation's REO saturation rate slowed last month,
according to Clear Capital's report, rising less than one percentage point to 29.6 percent. The
company's data shows, though, that market-to-market variations in REO
inventories can best be described as extreme. "An interesting dynamic we're observing is the clear distinction between
markets that are resilient to increased levels of bank owned properties and
those which continue to be highly sensitive," said Dr. Alex Villacorta,
Senior Statistician, Clear Capital.Villacorta says the highest performing metro areas have seen prices remain
relatively flat over the last quarter despite REO saturation rates averaging
just above 33 percent. Contrast this with the lowest performing areas which
have seen prices drop more than 10 percent on average although REO
saturation rates are well below those of the highest performing areas.For example, the San Diego metro, which also includes Carlsbad and San
Marcos, California, was one of the few areas to show a quarter-over-quarter
price gain in April, up 1.5 percent. Prices from a year ago there are up
12.5 percent. Yet, the REO saturation within the metros housing inventory is
35.0 percent, according to Clear Capital's numbers. Travel down to Louisiana, to the metro area of New Orleans-Metairie-Kenner,
and the data shows home prices fell 12.6 percent on a quarterly basis and
are down 2.8 percent from a year ago. The REO saturation level there - 17.6
percent."This paradox suggests that price trends are not wholly dependent on
distressed sale volume, and re-enforces the need to understand local market
trends," Villacorta said.
via Ping.fm
Untitled
Sen. John McCain (Arizona) and two other Republicans have introduced an
amendment to the Senate's regulatory reform package that would wean mortgage
giants Fannie Mae and Freddie Mac
off of federal funding over the next five years
and completely dissolve them after 15 years."The events of the past two years have made it clear that never again can we
allow the taxpayer to be responsible for poorly-managed financial entities
who gambled away billions of dollars," Sen. McCain said in a statement to
the press. He continued, "Fannie Mae and Freddie Mac are synonymous with mismanagement
and waste and have become the face of 'too big to fail'. The time has come
to end Fannie Mae and Freddie Mac's taxpayer-backed slush fund and require
them to operate on a level playing field."Congress, and the GOP in particular, have repeatedly pressed the
administration to figure out just what to do with the GSEs. Treasury
Secretary Timothy Geithner has made it clear that he doesn't plan to release
any plans for Fannie and Freddie until next year. Tired of playing the
waiting game, the Republican senators have decided to move forward with
their own proposal. Their legislation, dubbed the
GSE Bailout
Elimination and Taxpayer Protection Amendment, provides for a finite end to
the current conservatorship period for both companies - two years from the
date the amendment is enacted. The GSEs' regulator, the Federal Housing Finance Agency (FHFA) has an option
to extend conservatorship for six months if the agency determines and
notifies Congress that adverse market conditions exist and an exit from
conservatorship could prove precarious for the mortgage industry. The amendment spells out that if at the end of the conservatorship either
GSE is not financially viable, FHFA must place that GSE in receivership. If
the GSE is financially viable, then it would be allowed to re-enter the
market "under new operating restrictions." These new restriction would include a repeal of the GSEs' affordable housing
goals, a reduction in assets allowed on each company's books, retraction of
the higher conforming loan limits allowed for certain areas, and full
Securities and Exchange Commission (SEC) registration for the GSEs'
securities.The amendment also outlines the ultimate wind-down of operations and
dissolution of the enterprises. It establishes a three-year period after the
end of conservatorship for a "financially viable" GSE to operate under the
new operating restrictions until their government charter expires. At that
time, the legislation calls for a 10-year period to create a separate
holding corporation and a dissolution trust fund for any remaining mortgages
or debt obligations held by the GSEs.So after 15 years, Fannie and Freddie would be no more. Together, the two mortgage financiers have drawn $110 billion in taxpayer
dollars since they were put into conservatorship in September 2008. Freddie
Mac said Wednesday
that it needs another $10.6 billion from the Treasury to cover its
net worth deficit from first-quarter operations.The latest estimates from the Congressional Budget Office
, issued
in January, put the cost to subsidize Fannie Mae and Freddie Mac through the
year 2019 at $389 billion. But Sen. Judd Gregg (New Hampshire), who
co-sponsored the amendment with McCain, says it's time for the federal
government to come clean about the real costs of keeping the two companies
afloat. He says the figure is closer to $500 billion.
amendment to the Senate's regulatory reform package that would wean mortgage
giants Fannie Mae and Freddie Mac
off of federal funding over the next five years
and completely dissolve them after 15 years."The events of the past two years have made it clear that never again can we
allow the taxpayer to be responsible for poorly-managed financial entities
who gambled away billions of dollars," Sen. McCain said in a statement to
the press. He continued, "Fannie Mae and Freddie Mac are synonymous with mismanagement
and waste and have become the face of 'too big to fail'. The time has come
to end Fannie Mae and Freddie Mac's taxpayer-backed slush fund and require
them to operate on a level playing field."Congress, and the GOP in particular, have repeatedly pressed the
administration to figure out just what to do with the GSEs. Treasury
Secretary Timothy Geithner has made it clear that he doesn't plan to release
any plans for Fannie and Freddie until next year. Tired of playing the
waiting game, the Republican senators have decided to move forward with
their own proposal. Their legislation, dubbed the
GSE Bailout
Elimination and Taxpayer Protection Amendment, provides for a finite end to
the current conservatorship period for both companies - two years from the
date the amendment is enacted. The GSEs' regulator, the Federal Housing Finance Agency (FHFA) has an option
to extend conservatorship for six months if the agency determines and
notifies Congress that adverse market conditions exist and an exit from
conservatorship could prove precarious for the mortgage industry. The amendment spells out that if at the end of the conservatorship either
GSE is not financially viable, FHFA must place that GSE in receivership. If
the GSE is financially viable, then it would be allowed to re-enter the
market "under new operating restrictions." These new restriction would include a repeal of the GSEs' affordable housing
goals, a reduction in assets allowed on each company's books, retraction of
the higher conforming loan limits allowed for certain areas, and full
Securities and Exchange Commission (SEC) registration for the GSEs'
securities.The amendment also outlines the ultimate wind-down of operations and
dissolution of the enterprises. It establishes a three-year period after the
end of conservatorship for a "financially viable" GSE to operate under the
new operating restrictions until their government charter expires. At that
time, the legislation calls for a 10-year period to create a separate
holding corporation and a dissolution trust fund for any remaining mortgages
or debt obligations held by the GSEs.So after 15 years, Fannie and Freddie would be no more. Together, the two mortgage financiers have drawn $110 billion in taxpayer
dollars since they were put into conservatorship in September 2008. Freddie
Mac said Wednesday
that it needs another $10.6 billion from the Treasury to cover its
net worth deficit from first-quarter operations.The latest estimates from the Congressional Budget Office
, issued
in January, put the cost to subsidize Fannie Mae and Freddie Mac through the
year 2019 at $389 billion. But Sen. Judd Gregg (New Hampshire), who
co-sponsored the amendment with McCain, says it's time for the federal
government to come clean about the real costs of keeping the two companies
afloat. He says the figure is closer to $500 billion.
via Ping.fm
Untitled
After holding steady for two weeks straight, mortgage rates fell to their
lowest level in six weeks for the week ending May 6, 2010, Freddie Mac
and Bankrate
reported Thursday.According to Freddie Mac's Primary Mortgage Market Survey (PMMS), 30-year
fixed-rate mortgages averaged 5 percent with an average 0.7 point this week,
down from 5.06 percent last week but still above last year at this time when
rates averaged 4.84 percent. Freddie Mac also reported a drop in 15-year fixed-rate mortgages, which
averaged 4.36 percent with an average 0.7 point this week. Rates decreased
slightly from last week's average of 4.39 percent and were notably lower
than a year ago at this time when 15-year fixed-rate mortgages averaged 4.51
percent. The story was the same for adjustable-rate mortgages (ARMs). According to
the PMMS, 5-year Treasury-indexed hybrid ARMs averaged 3.97 percent with an
average 0.7 point this week, down from 4 percent a week earlier. In
addition, 1-year Treasury-indexed ARMs averaged 4.07 percent with an
averaged 0.6 point this week, down from last week's average of 4.25 percent.
"Treasury bond and note yields declined this week, and rates on fixed-rate
mortgages and hybrid ARMs followed suit," said Frank Nothaft, Freddie Mac VP
and chief economist. "Rates for both the 30-year and 15-year fixed-rate
mortgages were the lowest in six weeks; initial rates on 5/1 hybrid ARMs hit
an all-time low since they were added to the survey in the beginning of
2005."Bankrate reported the same trend, pointing to European debt worries as the
catalyst for this week's decline in rates."The idea that countries an ocean away having trouble repaying their debts
could translate into lower mortgage rates here probably sounds pretty Greek
to most people. But when investors get nervous, like they are now, they
gravitate to safer investments," Bankrate explained. "Those safer
investments are securities issued by the U.S. government, to which mortgage
rates are closely related. Whenever the nervousness subsides, mortgage rates
will move back up."According to the company's weekly national survey, 30-year fixed-rate
mortgages fell to 5.12 percent with an average 0.47 point this week, down
from 5.21 percent last week. In addition, Bankrate said 15-year fixed-rate
mortgages stepped down to 4.49 percent with an average 0.44 point, a dip
from last week's average of 4.54 percent. The tracking company also said ARMs were mostly lower, as the average rate
for 3-year ARMs dropped to 4.52 percent and 5-year ARMs sank to 4.31
percent. Bankrate's survey is complemented by its weekly Rate Trend Index, in which
mortgage experts predict which way rates are headed over the next week.
Nearly half of the panelists - 47 percent - said mortgage rates will rebound
and move higher in the next seven days, and just 18 percent predicted a
further decline. The remaining 35 percent said rates will remain more or
less unchanged over the next week.
lowest level in six weeks for the week ending May 6, 2010, Freddie Mac
and Bankrate
reported Thursday.According to Freddie Mac's Primary Mortgage Market Survey (PMMS), 30-year
fixed-rate mortgages averaged 5 percent with an average 0.7 point this week,
down from 5.06 percent last week but still above last year at this time when
rates averaged 4.84 percent. Freddie Mac also reported a drop in 15-year fixed-rate mortgages, which
averaged 4.36 percent with an average 0.7 point this week. Rates decreased
slightly from last week's average of 4.39 percent and were notably lower
than a year ago at this time when 15-year fixed-rate mortgages averaged 4.51
percent. The story was the same for adjustable-rate mortgages (ARMs). According to
the PMMS, 5-year Treasury-indexed hybrid ARMs averaged 3.97 percent with an
average 0.7 point this week, down from 4 percent a week earlier. In
addition, 1-year Treasury-indexed ARMs averaged 4.07 percent with an
averaged 0.6 point this week, down from last week's average of 4.25 percent.
"Treasury bond and note yields declined this week, and rates on fixed-rate
mortgages and hybrid ARMs followed suit," said Frank Nothaft, Freddie Mac VP
and chief economist. "Rates for both the 30-year and 15-year fixed-rate
mortgages were the lowest in six weeks; initial rates on 5/1 hybrid ARMs hit
an all-time low since they were added to the survey in the beginning of
2005."Bankrate reported the same trend, pointing to European debt worries as the
catalyst for this week's decline in rates."The idea that countries an ocean away having trouble repaying their debts
could translate into lower mortgage rates here probably sounds pretty Greek
to most people. But when investors get nervous, like they are now, they
gravitate to safer investments," Bankrate explained. "Those safer
investments are securities issued by the U.S. government, to which mortgage
rates are closely related. Whenever the nervousness subsides, mortgage rates
will move back up."According to the company's weekly national survey, 30-year fixed-rate
mortgages fell to 5.12 percent with an average 0.47 point this week, down
from 5.21 percent last week. In addition, Bankrate said 15-year fixed-rate
mortgages stepped down to 4.49 percent with an average 0.44 point, a dip
from last week's average of 4.54 percent. The tracking company also said ARMs were mostly lower, as the average rate
for 3-year ARMs dropped to 4.52 percent and 5-year ARMs sank to 4.31
percent. Bankrate's survey is complemented by its weekly Rate Trend Index, in which
mortgage experts predict which way rates are headed over the next week.
Nearly half of the panelists - 47 percent - said mortgage rates will rebound
and move higher in the next seven days, and just 18 percent predicted a
further decline. The remaining 35 percent said rates will remain more or
less unchanged over the next week.
via Ping.fm
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