It’s a new week, a new month and the beginning of the end of 2008. So much more to happen this year!

This week started out with a bang and a boom of the stock market. Gustav was not as bad as expected and oil prices dropped. This was not enough to keep the momentum of the stock market and it closed down.

Interest rates dropped two times today. This did amount to a mere 1/8-1/4 percent lower, so it was really not such a big deal.

MetLife Insurance Company launched its new wholesale mortgage division under the name of MetLife Home Loans, a division of MetLife Bank, NA. I will be looking for new and exciting mortgage products from them!

FNMA officially pulled the Stated Income product from the shelf, official as of now!

Oh what will the rest of the (short) week bring? – Dale Robyn Siegel