............see how annoyed he looks in this pic above.............
A couple of Kari & Rob's engagements. These are proof's, but I absolutley love the work this guy does. To view more of Scott Sumner's work go to: http://scottstudio.com/ I think Kari & Rob make an adorable couple!!!
WOWZER! I'm out, see you in Oklahoma.
(Please ignore our old couches on our back porch, we plan on sending them to the DI this week, unless anyone could use some extra couches...we really aren't pack rats).
Grandma and Grandpa Robbins
A Perfect Horseshoe game...HAHA
Pretty even in the rain
Wild Turkeys...aka Thanksgiving dinner
A couple of Tuesdays ago Ty took me to the Weezer concert. I LOVE THEM. And now that I've seen them in concert I LOVE THEM even more. This band was introduced to me by my friend Gina back in 2002ish, and I am a fan! It has always been somewhat of a dream to go to their concert, but they haven't been to Utah for a while. Well, right when we found out that they were coming to Utah was right around my Birthday, so it was a VERY Happy Late Birthday for me!!
This past Friday, we carried out our long-standing tradition (4 years) and carved pumpkins with some of Ty's friends. It was a good time!
And...........Fannie Mae Eases Credit To Aid Mortgage Lending
By
STEVEN A. HOLMES
Published: September 30, 1999 - New York Times
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.
And watch scary movies!
And isn't this just the most adorable baby costume in the world?
I have decided to stop drinking soda pop. I am 4 days into it and feeling fabulous. After chatting with a co-worker, I had forgotten about an article that I had read saying that sugar ages you among other things. A little never hurt anyone, but I probably drink a little much, so I am going to see how long I can go without this scrumptiousness.
And look...Tyler is a domestic diva. Isn't this picture great :) !
