Tea Parties in NC

TEA PARTIES ACROSS NORTH CAROLINA TO PROTEST GOVERNOR PERDUE'S
PROPOSED TAX HIKES!



Governor Beverly Perdue recently proposed steep tax increases amounting to $680 million in her budget proposal intended to stimulate North Carolina ’s bruised economy.

AFP- North Carolina is very excited to join hands with the many grassroots activists across the country to protest not only Governor Perdue's tax hikes, but all federal bailouts, spending sprees, so-called stimulus packages, earmarks and fiscal irresponsibility in national, state, and local governments.

Please attend one or more of these events and help us spread the word. Our economic freedom is under attack and we must fight back. All of the events below are free and open to the public. (If you are having an event and we don’t have it listed, please email us at info@afpnc.org)





Date: Saturday, March 21, 2009
Raleigh
12:00-2:00 pm
NC State Capitol (east side) downtown Raleigh
Free Lunch for the first 150 people who attend. Rain or shine.
Register online here.



Date: Saturday, April 4, 2009
Charlotte
11:00-1:00pm 35.2176 -80.8389
Marshall Park, Second and McDowell Streets, 28204
Need info? info@afphq.org



Date: Tuesday, April 7, 2009
Wilmington
5:30 pm
Wilmington Tea Party on the Cape Fear River: “Taxation Without Representation”
Protest at the waterfront by the Federal Building in Wilmington. Federal Building is located at N. Water Street between Market and Princess.

Then, the Tea Party will march to City Hall for a City Council meeting at 6:30 pm. One item on the agenda is a public hearing for the annexation of Monkey Junction area.
City Hall is at 102 N. 3rd Street, Wilmington, NC 28402

Register online here.



Date: Wednesday, April 15, 2009
Edenton
5:00 pm
Edenton Courthouse Green ( Chowan County)

Note: The Edenton Tea Party was one of the earliest organized women’s political actions in United States history. On October 25, 1774, Mrs. Penelope Barker organized, at the home of Mrs. Elizabeth King, fifty-one women in Edenton, North Carolina. Together they formed an alliance wholeheartedly supporting the American cause against “taxation without representation.”

This event will include Revolutionary war re-enactors to celebrate the famous Edenton Tea Party. This is a once in a lifetime event to celebrate our past and protect us from a future of debt and high taxes.

Please register today here.

Read more about the history of the Edenton tea party here.



Date: April 15, 2009
Raleigh
Note: Two Raleigh Tea Parties on this date—different times and locations—attend both!
4:30-6:00 pm (tentative)
Federal Courthouse. New Bern Avenue across from the Post Office
6:30pm - 8:30 pm
NC State Capitol at One East Edenton Street (east side)
Register online here.




Date: Wednesday, April 15, 2009
Asheville
4:30 pm
Sidewalk in front of Asheville City Hall and Buncombe County Courthouse
Non-partisan Movement to Repeal the Pork!
Email: erikafranzi@mac.com




Date: Wednesday, April 15, 2009
Greensboro
12:00-1:00 pm
Center City Park, downtown Greensboro, between Elm and Davie streets
More details here.
Register online here.



Date: Wednesday, April 15, 2009
Charlotte
2:00pm - 4:00 pm
City Hall Lawn
600 E. Trade Street
Charlotte , NC
E-mail: charlottetaxdayteaparty@gmail.com
Register online here.




Dallas Woodhouse
State Director
Americans for Prosperity

Obama Plan.....New Refinancing Program

Obama Plan ............... New Refinancing Program.
Yesterday I wrote the first of two parts on the Homeowner Affordability & Stability plan that was released by the Obama administration on Wed March 4th. Which contained two major parts they hoped would have an impact on assisting homeowners with troubled mortgage. The first part of the plan which I blogged about yesterday is a modification program that Servicers will offer to borrowers with high debt-to-income ratios or who are at risk of foreclosure. The second part of the plan which I am blogging about today, a refinance program for existing Fannie Mae or Freddie Mac loans.
As I stated yesterday our Executive Vice President at McCue Mortgage, Kim Neilson and others are still assessing the details of the Homeowner Affordability & Stability plan to determine our next steps, but in the mean time we are trying to provide a summary of its major points so that it might help other to better understandable it. So here we go:
The second part of the plan is a refinance program for existing Fannie Mae or Freddie Mac loans. Fannie Mae is offering two different programs:
The Refi Plus Program that requires the servicer of the loan to be the originating lender.
The DU Refi Plus Program (DU is the Automated Underwriting System for Fannie Mae) that allows any lender using DU to originate the loan as long as the existing loan is a Fannie Mae loan.
Freddie Mac requires the servicer of the loan to be the originating lender. Some specifics of the program are:
Existing mortgage must currently be a Fannie or Freddie loan.
Existing loan may not be considered ineligible (must get an Approved/Eligible from DU). Ineligible loans include existing mortgage loans that received a DU Expanded approval (EA).
Maximum LTV for 1-2 unit properties is 105% and require an appraisal.
Maximum LTV for 3-4 unit properties is 80% and also require an appraisal.
No maximum CLTV.
Existing mortgage must be current and have acceptable mortgage payment history. No minimum FICO score is required although borrower must meet bankruptcy and foreclosure requirements. In addition, borrower must demonstrate credit worthiness.
Rate and term refinance only (No Cash Out) - purchase money seconds MAY Not be included.
Loan level price adjustments (points) will apply (determined by credit score on credit report)
MI required (same coverage factor of existing loan) for mortgage loans that had original LTV’s greater than 80%.
DU Refi Plus must receive Approve/Eligible and will not be available until April 4. Income and employment verification is required.
Refi Plus is a manual underwrite and requires verbal verification of employment. Lender must determine that the borrower has a reasonable ability to repay the mortgage based on current information provided by borrower.
There it is in a nut shell. I actually have higher expectations for this part of the plan then I do for the Loan Modification part. This part of the plan stands a chance to actually help those who have good credit and have little to no equity in their property. But I do not see it doing anything for those who are in areas that property values have taken a noticeable hit, and 105% LTV is not going to do anything for them. Also this does offer a second option to FHA which will allow a borrower to go to a 96.5% LTV on a No Cash Out Refi.
While I think that this plan might actually help a few people, but it will be a source of false hope for many more. As I ended my last post, the purpose for providing this information is so that those who read it may have a better understanding of the "Homeowner Affordability & Stability Plan", and help them come to their own conclusion.

While relaxing this morning, out on the Lake.........Fish?

While relaxing this morning, looking out on to the lake..I saw a real big fish jumping out of the water. Now this is a sight quite common if you are on the coast or in the sound, but this morning in Abbott's Creek Cove. Well needless to say I was a bit taken back and thinking to myself, if I was a fisherman I would go down and wet my hook!
What a beautiful morning it is down here at High Rock Lake today. The seagulls are swooning over the Great Pond and have been for weeks now. We are scheduled to have some warm temps here this weekend so I imagine the boat traffic will pick up today. We have been experiencing some Cold Temperatures lately so I wonder does that blast the Global Warming theories! HaHa! Still we don't know who will sign the contract for the Lake and that does have quite alot of homeowners and Lake enthusiast sitting on the edge of their seats.

Sales of homes here on the lake have been steady but there is a "sitting on the fence" mode that we are thinking will pass soon. The home sales will be picking up soon as there are great deals this year like we haven't seen in the past 2 years. The market has been correcting itself in NC as a whole, whether anyone would like to face those facts or not, the facts don't lie. If you don't have to sell right now, I would recommend you don't because I do believe after some of this credit stagnation flushes, you will see prices increase tremendously out here. We are one of the few lakes in NC you can actually build a waterfront homes. Still there are some draw backs to this lake. The main one I have addressed: We need a River Keeper that cares about the eco system and will maintain the Pond at levels that will be condusive to nature and it's wildlife habitats. We believe this will happen soon.

Still, this is one of the most peaceful places on earth. A true hidden treasure. Please join us sometime and see what our Lake has to offer you and your family. Best fishing in the country for Bass.

For information and Listings:

Call JoAnne S. Mercer- 919-559-7584
http://www.RaleighCaryNCNewHomes Realty

Direct - 336-798-7733