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Showing posts from May, 2010

Fannie Wants Second Credit Report Pulled

It is just not getting any easier for home buyers hoping to finance their deals with mortgage backed loans. Beginning June 1, lenders originating mortgages being sold to Fannie Mae will have to pull a second credit report just before the loan closes. According to the National Mortgage News, the new quality control requirement is designed to prevent a type of mortgage fraud called "shotgunning," a mortgage scam in which someone obtains several loans (from multiple, unwitting lenders) on the same property. all at the same time. Typically, a shotgun fraudster skips town with the proceeds of all his loans. Most of the lenders do not recoup a cent because their mortgages are subordinate to the first one recorded and the home will not fetch enough in a sale to cover the junior liens.  The second credit reports, it is thought, will alert lenders to other creditors who have recently requested information about the mortgage applicant. 
Buyers are cautioned (as always) to defer major pur…

Bicycle Rush Hour Utrecht (Netherlands) I

direct from the you tube:


markenlei—April 28, 2010 — Morning rush hour in the 4th largest city in the Netherlands. Streets look like this when 33% of ALL trips are made by bicycle!
This is an ordinary Wednesday morning in April 2010 at around 8.30 am. Original time was 8 minutes that were compressed into 2 minutes, so everything is 4 times faster than in reality. The sound is original.

This is one of the busiest junctions in Utrecht a city with a population of 300,000. No less than 18,000 bicycles and 2,500 buses pass here every day. And yet Google Street View missed it. Because private motorized traffic is restricted here.

These cyclists cross a one way bus lane (also used by taxis and municipal vehicles), two light rail tracks and then a one way street that can be used by private vehicles.

Behind the camera is a railway (you can hear the squeaking sounds of the trains passing) and the main railway station is very close too. A number of rental bikes from the station pass and many of t…

SO FAR - The Long Strange Trip Continues

Not only is Sunday Mothers Day and my sister Judy's birthday, it marks the 25th anniversary of my admission to the Illinois Bar. A heart felt thanks Mom (& Dad) for encouraging me in my studies, and in my pursuit of a life-long dream. Thank you to everyone who has supported my efforts and who helped me reach this goal.

Thank you.