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Jason Wheeler

Focus on the Journey...

"...focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it." Greg Anderson

I learned that this quote rings true with every aspect of life. When I was a fledgling Entrepreneur all I could think about is what I would do or have once I reached my goals. What I've found after much failure and learning is that success is a process not a destination. The value is not what you get but what you become on the journey. Who do you know that ever lied on their death bed wishing they had more stuff? Everyone I know looks back on life and thinks about how they did or did not contribute during their process of life and success. A definite purpose is the first thing you will need in order to contribute to the process of success. If you aim for nothing you will surely hit it so the old adage goes.

Of course when you reach a goal is feels great! However next time you reach a goal of even have a temporary setback look back at the process that got you there and find out what you learned that will help you in your next endeavor. As human beings most of us are NEVER fully satisfied. This rings true in not just business but in relationships, family, politics and just about anything that is worth pursuing.

Always remember that success is a process. This is why many who win the lottery end up in huge financial ruin. They were denied the process of success and do not know how to manage where they've arrived to.

Until Next time Here is to your success!

Jason Wheeler 925-285-2172

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What do WAMU and Wachovia Have in Common?

They both need/needed at least $7 billion in additional capital to stay afloat. Wachovia, the fourth-largest U.S. bank, reported an unexpected loss because of subprime- infected mortgage holdings, cut its dividend, and said it will raise about $7 billion in a share sale to replenish capital. The company's market value has dropped 50% since its $25 billion takeover of Golden West Financial Corp. in 2006 at the peak of the housing market. (Talk about good timing on Golden West’s part!) Wachovia also announced that it will cut 500 investment banking jobs.


Legislation update: The Bush administration announced last week steps to help more homeowners head off foreclosure by using an existing Federal Housing Administration program to enable more low- and moderate-income homeowners to refinance into government-insured mortgages with monthly payments they can afford. But the administration's idea would reach far fewer borrowers than the Democrats' proposal -- roughly 100,000 rather than 1 million to 2 million -- without requiring lenders to take large losses. While this was happening, the Senate passed a package of measures including a tax credit for buyers of foreclosed properties, funds to state and local governments to buy and rehabilitate foreclosed homes, and tax breaks for home builders. It has not yet gone to the House.


www.JasonWheelersLoans.com & Real Estate Investing Education

Consumer Confidence Rising? What.

The University of Michigan’s Index of Consumer Sentiment will be posted later today, giving us an indication of consumer confidence which hints at consumers' willingness to spend. As one would expect, if confidence is rising an average person might be more likely to make large purchases, but if they are growing more concerned of their personal financial situations they probably will delay making that large purchase. In March we had a reading of 69.5, and current forecasts are calling for a reading of approximately 69.0 – a 16-yr low.
There are so many variable with the election I think most will just sit and wait to see what happens. However rates will likely spike sharply if it becomes clear that we will have a democratic president. Take action now and get that investment property you've been thinking about!

www.JasonWheelersLoans.com & Real Estate Investing Education

Conforming Loan Limits Gaining More Critics.

As time passes, more and more critics of the conforming loan level changes are voicing their opinions. As everyone, and their brother, knows, the conforming loan limit will temporarily rise to 125% of an MSA’s median price with a cap of $729,750 and a floor of $417K, retroactive to loans originated on or after July 1, 2007 through December 31, 2008. This will aid liquidity in the jumbo market, but the help will be temporary, and critics say it will only perpetuate the problem of asset-overvaluation in parts of this country. Upon expiration, analysts feel that there will be another round of dislocation in markets highly exposed to jumbo mortgages. Critics also say that the plan is largely aimed at stabilizing coastal markets – the same markets that have appreciated more than others, partly due to lax credit policies and investor speculation. States in the middle part of the country, which aren’t impacted by the loan limit changes, are seeing foreclosures based on economic hardship versus leverage and speculation.

Speaking of folks losing their homes, according to a recent story in Bloomberg judges in five states have stopped foreclosure proceedings because the banks that pool mortgages into securities and the companies that collect monthly payments haven't been able to prove they own the mortgages! According to Inside Mortgage Finance, $2.1 trillion of the roughly $11 trillion of outstanding mortgages have been bundled into securities by private banks, and those loans may be sold several times before they land in a security. Mortgage servicers, who collect monthly payments and distribute them to securities investors, can buy and sell the home loans many times, and each time the mortgages change hands the sellers are required to sign over the mortgage notes to the buyers. Sometimes this was completed, sometimes not…

www.JasonWheelersLoans.com & Real Estate Investing Education

Contra Costa All Day Real Estate Wholesale Workshop for FREE!!

Have you ever wanted to invest in Real Estate but maybe you did not have the support you needed in order to take those first steps?

Join us in San Ramon on February 2nd for a FREE all day Real Estate Wholesale Seminar. At this workshop you will learn from a real pro! Chris Wilson makes his living by wholesaling properties and does over 100 transactions each year. Chris' average hold time for each of these properties is less than 15 minutes. We would love to share our knowledge with you and help you succeed in your Real Estate Investment endeavors! If you would like more information get in touch with me today!

www.JasonWheelersLoans.com & Real Estate Investing Education