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Sorry for the delay, this week, on the newsletter. Things have been crazy busy here at DoublePositive with all kinds of new and exciting things going on. I will try to expand upon the excitement over the next several weeks, but this week I wanted to write about two things: The economy and politics.

All kinds of bad news came out in the past week or so. In the last week, the unemployment rate has shot up to the highest it's been in a long, long time; Bernanke is worried about inflation and may do something to slow it down; gasoline costs 1 BILLION dollars per gallon, and the Lakers are down 2-1 to the Celtics! The world is truly upside down.

At the same time, the Democrats have finally picked a candidate and now it's time to sit down with some popcorn and watch this political soap opera unfold. I haven't figured out who I am going to vote for yet, I like some things about each candidate. So, I am going to try to put together a nice comparison of the two candidates across different areas. This week, its Obama vs. McCain on the economy. Check it out at Obama vs. McCain.



P.S. Amy has nothing so far. A few viewings, but no offers. Ill keep you in the loop.




WallStreetJournal
Some Buy a New Home to Bail on the Old
Next month, Michelle Augustine plans to walk away from her four-bedroom house in a Sacramento, Calif., subdivision and let the property fall into foreclosure. But before doing so, she hopes to lock in the purchase of another home nearby. Full Story


Forbes
Plan to clarify mortgage disclosures sparks ire
Every time a potential home buyer applies for a mortgage, he or she receives a document known as the Good Faith Estimate, which spells out the thousands of dollars in fees the buyer is expected to pay when the deal closes. Full Story


Bloomberg.com
U.S. MBA's Mortgage Applications Index Rose 10.9% Last Week
Mortgage applications in the U.S. last week rose from their lowest level in six years, led by a gain in purchase applications that may indicate the drop in property values is starting to draw buyers. Full Story


Wall Street Journal
FHA Officials Seek to Ban Seller-Assisted Payments
Federal housing officials are trying again to ban seller-assisted down payments on federally insured mortgages, amid concerns about mounting losses tied to these loans. Full Story








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