Monday, December 8, 2008
It's been way too long....
Monday, November 3, 2008
Sunday, November 2, 2008
How Sweet It Is...
It so hard to get all of us in one location since entering the grown up world so Fall is a sweet time we relish being altogether again on most Saturdays. But we are excited about the rest of the year for we still have the ..the holidays and Baby C's birth to celebrate...oh and a few more football games! :)
And a video of the celebration....the greatest fight song....
Sunday, October 26, 2008
Homecoming Weekend 2008
Here are the guys a Yellow Jacket Alley...with their weird need to give butt slaps...
Everyone's favorite mascot....
Clemson Sleepover
Friday, October 17, 2008
Stress Relief...
Pictures and tales of our fun weekend to follow..Hope ya'll have a wonderful weekend!
Sunday, October 5, 2008
Politics...The bailout bill / mortgage financial crisis
Friends,
If you care about the “bailout” bill in and wonder if Obama is right that McCain and Republican policies are to “blame”, watch this story done by Brit Hume at FoxNews of McCain and others repeatedly warning that this day would arrive (link: http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=related) and read the story below from the New York Times in 1999.
This will take 15 minutes, but it will probably make you very angry.
While the media goes along with Obama’s effort to blame McCain and Republicans, it was the late ‘90’s Democrat policy of pushing loans to people who had risky credit via the government loan agencies of “Fannie” and “Freddie” that caused this problem (often called the “GSE”s). These bad mortgages got bought-and-sold on Wall Street as “good deals” because they had the government name behind them via Fannie and Freddie. When these mortgages started blowing up because they went to people who never should have gotten them, the meltdown began.
When McCain co-sponsored a bill 3 years ago to clean up the Fannie /Freddie/GSE problem (because he said it would cause a financial meltdown), it was Senate Democrats including Obama who defeated the bill. Coincidentally, Obama is now the 2nd largest recipient of Fannie and Freddie contributions – ever. And Franklin Raines (who is quoted in the New York Times story as head of Fannie) is a major advisor to Obama.
The media (outside Fox) will apparently not tell this side of the story. Therefore, I would encourage you to forward this email to friends (particularly anybody you know in FL, PA, OH, CO, VA, IA, MI, NH, NM, or NV). This issue will probably determine the presidential election, and people need to know the facts.
Clint
p.s. If you want to get really angry, check out this video of a 2004 Congressional hearing where Dems are outright mocking GOP calls for more regulation of Fannie and Freddie: http://www.youtube.com/watch?v=_MGT_cSi7Rs
September 30, 1999
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.''
From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.
Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.
Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.
Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.
In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.
Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.
In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.
The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.
Thursday, October 2, 2008
It's been a long week...
I know its been frustrating with the gas shortage but it made this down week from work even better...when the email came out saying work from HOME!! So all week I have enjoyed working in my comfy clothes and spending time with Matt. However, the week for Matt has not been so peaceful. We are at the end of his sales year so work is busy...but he was struck with some stomach bug...virus...food poisoning...not quite sure. Hopefully he will be back to normal soon but all he is worrying about is making it to the Tech/Duke game on Saturday.
Friday, September 19, 2008
A New Cousin...
Here is Colton with his Pop! I can't wait to meet my new baby cousin!
Wednesday, September 10, 2008
Chicago
Sunday, September 7, 2008
Where did the Weekend Go?
Monday, September 1, 2008
It has begun...
Tuesday, August 26, 2008
Thursday, August 14, 2008
Mid-Quarter Stress Fest
This hymn brings back so many childhood memories..and I sing it with my whole heart everytime I hear it now...
Perfect submission, perfect delight!
Sunday, August 3, 2008
Busy Weekend
The guys....hanging out during the cocktail hour...
The beautiful bride and groom...
And just when you thought I was finished with pictures...the Maxfields' are here for a quick visit...I miss them loads and was so excited to get to spend the afternoon with two of my favorite ladies shopping while Matt and Aaron had fun at the pool.
Wednesday, July 16, 2008
Monday, July 14, 2008
Summer
Summer is flying by way too fast. Matt has already started the football count down and planning weekend tailgates. Tyler, we are counting on you for an awesome Clemson-GT celebration :) It is amazing how being in the UK for two months has made this year fly by, but its not over yet. Other trips and events are in the planning stages.. including Boston and hopefully NYC!
Work has started to pick up again, even though it feels like the last quarter just ended. Last week I went to Greenville, SC for training at our GE Assembly plant and then we both headed over to Mt. Airy to celebrate Josh's 1st Birthday. We had a wonderful time with Kevin, Jenn and Emily...and even enjoyed a bonfire complete with smores and firecrackers...
goldensteelefamily.shutterfly.com/action/?a=1JctWLZixYmY
Monday, June 23, 2008
MIA
We have been working hard to add landscaping to the yard. Father's Day weekend we planted around 25 shrubs and flowers. We still have lots of flower bed space to fill...and weed!
We celebrated Father's Day with Matt's family and got to spend some quality time with our sweet nephew Josh! I can't believe just a few more weeks and we will be celebrating his first birthday!
And finally this weekend, we spent in the wonderful state of South Carolina in enemy territory aka Clemson. Congrats to Tyler and Paige! We had a wonderful time at their wedding and hope they are enjoying their honeymoon in St. Lucia. Sorry Tyler, I forgot to buy the tassles!
Thank you for letting us be apart of your special day...sorry I didn't take too many pictures since Rhonda was playing photographer all weekend!
Monday, June 9, 2008
Home Sweet Home
More pictures to post from my last few adventures in the UK and of our wonderful patio that Matt and his dad finished while I was gone!
Saturday, May 31, 2008
Working...
Monday, May 26, 2008
Oxford in the Rain
Above is the bridge of sighs....were you use to get your grades!
Sunday, May 25, 2008
Quotes
~Carrie Bradshaw
I found mine....
I love London
And then I continued my stroll over to the original Hard Rock cafe...just for a few snap shots....
And then sweet Kyle took me to dinner in Chinatown...and everywhere we went we saw way too much PDA....here we are making fun of one couple...
Sunday, May 11, 2008
Happy Mother's Day
Wednesday, May 7, 2008
The best part of...
Tuesday, May 6, 2008
Missing the boys...
Monday, May 5, 2008
A Day at the Beach
Then off to the Brighton Pier...ok weird to see Victorian architecture at the beach...I mean when you grow up with the Redneck Riveria..its just hard to imagine...
Mmmm look...seeaaafoood! Fish and chips on the boardwalk!
And then sometime chilling on the beach...but no bikinis here ladies...thank goodness...I was still wearing my jacket!
And its a little tough on your tooshie....
Hope everyone has a great week...don't forget to check out the rest of my pictures