{"id":403960,"date":"2010-03-08T14:28:34","date_gmt":"2010-03-08T19:28:34","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/03\/08\/the-garrett-watts-report-which-people-call-the-garrett-watts-newsletter-march-8-2010\/"},"modified":"2010-03-08T14:28:34","modified_gmt":"2010-03-08T19:28:34","slug":"the-garrett-watts-report-which-people-call-the-garrett-watts-newsletter-march-8-2010","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/403960","title":{"rendered":"The Garrett, Watts Report (which people call the Garrett, Watts Newsletter: March 8, 2010)"},"content":{"rendered":"<p>\u00a0<\/p>\n<p><a href=\"http:\/\/garrettwatts.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; display: inline; border-top: 0px; border-right: 0px\" title=\"garrettwatts\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/garrettwatts2.jpg\" border=\"0\" alt=\"garrettwatts\" width=\"421\" height=\"67\" \/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>To Our Clients, Colleagues and Friends<strong>,<\/strong><\/p>\n<ul>\n<li>Have you (1) noticed that there are earthquakes happening everywhere now, and not just Haiti and Chile , and (2) did you see the movie<em>2012<\/em>? Even if you\u2019re the most rational person in the world, it\u2019s hard not to wonder if something\u2019s going on here. By the way, the special effects in <em>2012 <\/em>are much better done than anything in<em> Avatar.<\/em><br \/>\n<em>\u00a0<\/em><\/li>\n<li>Go back to 1965. Maybe you were in high school, maybe weren\u2019t even born. But if someone had invested in Berkshire Hathaway then, they would have averaged 22% a year for these 45 years.\u00a0 The second best mutual fund (treating Berkshire like a mutual fund) was the Fidelity Magellan Fund which averaged 16.3%, and then the Templeton Growth Fund at 13.4%.\u00a0\u00a0 Assuming you put $60,000 into each of these funds back then, here\u2019s what you\u2019d have today:<br \/>\n<em>\u00a0<\/em><\/li>\n<\/ul>\n<table class=\"MsoTableGrid\" style=\"border-bottom-style: none; border-right-style: none; background-color: #ffff99; border-collapse: collapse; border-top-style: none; margin-left: 113.4pt; border-left-style: none; background-origin: initial; background-clip: initial\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\" bgcolor=\"#ffff99\">\n<tbody>\n<tr>\n<td style=\"padding-bottom: 0in; padding-left: 5.4pt; width: 1.75in; padding-right: 5.4pt; padding-top: 0in; border: windowtext 1pt solid;\" width=\"168\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">Berkshire<\/span><\/span><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\"><span class=\"Apple-converted-space\">\u00a0<\/span>Hathaway<\/span><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 1.25in; padding-right: 5.4pt; border-left-style: none; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"120\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">$80.1 million<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 1.75in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"168\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">Fidelity Magellan Fund<\/span><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 1.25in; padding-right: 5.4pt; border-top-style: none; border-left-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"120\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">$\u00a0 9.1 million<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 1.75in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"168\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">Templeton Growth Fund<\/span><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 1.25in; padding-right: 5.4pt; border-top-style: none; border-left-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"120\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">$\u00a0 2.9 million<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; background-color: #ffcc99; padding-left: 5.4pt; width: 1.75in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in; background-origin: initial; background-clip: initial;\" width=\"168\" valign=\"top\" bgcolor=\"#ffcc99\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">S&amp;P 500 Index<\/span><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: windowtext 1pt solid; padding-bottom: 0in; background-color: #ffcc99; padding-left: 5.4pt; width: 1.25in; padding-right: 5.4pt; border-top-style: none; border-left-style: none; border-right: windowtext 1pt solid; padding-top: 0in; background-origin: initial; background-clip: initial;\" width=\"120\" valign=\"top\" bgcolor=\"#ffcc99\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">$560,000<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"Apple-style-span\" style=\"widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px\"><span class=\"Apple-style-span\" style=\"font-family: 'times new roman', 'new york', times, serif; font-size: 16px\"><em><\/em><\/p>\n<p>There must have been at least one kid somewhere who had his Bar Mitzvah in 1965 and was given $60,000 of Berkshire Hathaway stock.\u00a0 Even if it was just $10,000, he\u2019d have $8.0 million today.<em><\/em><\/p>\n<p><em><\/em><\/p>\n<ul>\n<li>Here\u2019s an interesting quote from the Springfield ( Mass. ) <em>Republican<\/em> in 1865: \u201cA billiard saloon, a restaurant and a Wells Fargo office are the first three elements of a Pacific coast or mining town.\u201d\u00a0 And no, we don\u2019t go researching articles on banks from the 1860\u2019s.\u00a0 This quote is from the Wells Fargo calendar hanging in our kitchen. It hangs to the left of a spatula and just below a frying pan.<\/li>\n<li>Speaking of Wells Fargo, does anybody do a better job of showcasing their history as a part of their brand? We see too many companies and clients who don\u2019t take advantage of great opportunities.\u00a0 We spent several days at F&amp;M Bank in Hannibal , Missouri in the fall. It\u2019s a great bank with great people, but we think they could do some great marketing and have a real identity with the whole Mark Twain thing. Everyone who read <em>Tom Sawyer<\/em> or <em>Huck Finn<\/em> thinks of Hannibal as representing our deepest roots as Americans, and if we were a marketing firm, we\u2019d almost do this one for free.<\/li>\n<li>While we\u2019re on the subject, do you remember our writing about Cow Pasture Bank? What about Tomato Bank? Tomato\u2019s an interesting name they could do a lot with, but the only time we saw them in the press recently was when they got a C&amp;D last year.\u00a0 Of course, even getting a C&amp;D isn\u2019t much news anymore. Sort of like dog bites man.<br \/>\nA few years back we spent a day at Bank of Transylvania in Romania , home of who- else but Count Dracula himself.\u00a0 We wanted to suggest they play up that connection (\u201cIf you don\u2019t pay your mortgage by the 15th, we\u2019ll bite you on the neck!\u201d) but they were too intense and serious. And what about Mason-McDuffie Mortgage? In one form or another, they\u2019ve been making mortgages in the Bay Area since 1887. Isn\u2019t that a natural for a marketing campaign? Maybe have pictures of a Mason-Mac office from a hundred years ago with the heading \u201cWe\u2019ve stayed in business since 1887 for one reason: We care about our borrowers.\u201d\u00a0 Something like that.<\/li>\n<li>Hundreds of banks cut or eliminated their dividends last year, but two of them raised their dividends <em>twice<\/em> in 2009.\u00a0 They are 1st Source (SRCE) and Hudson City Bank (HCBK).\u00a0 If you\u2019re research-oriented, you might follow these stocks in 2010 and see how they perform relative to the bank indexes.\u00a0 If you\u2019re <em>really<\/em> research-oriented, you can see whether it\u2019s ever permissible to use <em>indexes <\/em>instead of <em>indices<\/em>.\u00a0\u00a0<\/li>\n<li>Another thing for those of you with two much time on your hands:\u00a0\u00a0 Credit Suisse has a loan of $10 million against Hugh Hefner\u2019 Playboy Mansion ( 10236 Charing Cross Rd., Los Angeles , CA 90024.)\u00a0 You could see if he\u2019s current or not and maybe offer to buy the loan from Credit Suisse. We have clients who are highly liquid, and depending on the yield, it could be a good investment. As his new lender, maybe you could even get invited to some Playboy parties there.<br \/>\n<a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/j41.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; display: inline; border-top: 0px; border-right: 0px\" title=\"j4\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/j4_thumb1.jpg\" border=\"0\" alt=\"j4\" width=\"230\" height=\"288\" \/><\/a><br \/>\nA mystery of the universe we\u2019ll never understand is why 20-somethng models find the 80-something Hefner so attractive.<\/li>\n<li>We\u2019ve written a few items we like so much we\u2019re going to run them again.\u00a0 We\u2019ll re-run the one on Bob Gibson soon, and the one below is pretty interesting as well.<\/li>\n<li>Here\u2019s Steve Dalkowski, the hardest throwing pitcher of all time.\u00a0 Dalkowski played 9 years in the minors in the 1950\u2019s and 60\u2019s.\u00a0 His fastball was around 106 mph, and his minor league coach (Earl Weaver) said he threw 110 mph. What kept him from the majors was a lack of control. In one game he struck out 24, but he also walked 18, hit four batters, and threw six wild pitches.\u00a0 He once threw a no hitter but lost it because he gave up 17 walks.\u00a0 In his nine year career, he averaged 13.8 strikeouts per game, better than pitchers like Randy Johnson or Nolan Ryan.\u00a0<br \/>\n<a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/j31.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; display: inline; border-top: 0px; border-right: 0px\" title=\"j3\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/j3_thumb1.jpg\" border=\"0\" alt=\"j3\" width=\"253\" height=\"303\" \/><\/a><\/li>\n<\/ul>\n<p>In 1957 Dalkowski averaged 18 strikeouts per game.\u00a0 The poor man won only one game, however, because he also averaged 21 walks and 5 wild pitches per nine innings. After his career was over, Dalkowski suffered from alcoholism, became a migrant worker, and today lives in a Connecticut home for people with alcohol-related dementia.\u00a0 He\u2019s 72 years old now and attends the occasional minor league game. Maybe we should all go visit him.<\/p>\n<ul>\n<li>We\u2019d been mildly surprised that Comerica Bank hasn\u2019t done any acquisitions of failed banks in Texas where they\u2019re based, and then we saw that there just haven\u2019t been many opportunities.\u00a0 In the past two years, there have been only 7 Texas banks that have failed that could have been acquisition candidates. This compares to 31 in California , 72 in Georgia , and 83 in Florida .\u00a0 Also, Comerica is a disciplined bank, and with such institutions, often the best deals are the ones you don\u2019t do.<\/li>\n<li>As if we didn\u2019t have enough to worry about, the January, 2010 <em>Bulletin of Atomic Scientists <\/em>estimated that Russia has 4,650 active nuclear weapons. What concerns us is that 40% are deemed to be protected by inadequate security systems. The Journal also says that many of the storage facilities are patrolled by guards who haven\u2019t been paid in months, making them highly susceptible to bribes.\u00a0 Scary.<\/li>\n<li>We were just asked the difference between a business model and an operating model. A business model is what business you\u2019re in or want to or should be in.\u00a0 An operating model addresses resources and capabilities you need to create value from that business. These are okay concepts, but you mostly see them used by consultants who don\u2019t understand a business and resort to consultanese jargon,<\/li>\n<li>Here\u2019s how Mark McGwire will finally get into the Hall or Fame.\u00a0 The American people can be very forgiving, and the path to redemption goes like this:\u00a0 After disgracing one\u2019s self, the person must (1) disappear for several years, (b) then go public with a deep felt apology, and (c) then engage in some sort of worthwhile activity that shows you\u2019re now a better person. Think of Richard Nixon. He never quite apologized, but he did go into exile and ultimately came back as an elder statesman and <em>eminence grise<\/em>.\u00a0 In McGwire\u2019s case, he pretty much vanished, made his apology, and will now work with younger players for the Cardinals.\u00a0 Over time, people will forgive him his embarrassing testimony before Congress, and as long as the photo below is kept out of print, they\u2019ll forget the steroids.\u00a0 This is Mark and his bother Matt who\u2019s obviously into steroids.\u00a0<br \/>\n<a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/j22.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; display: inline; border-top: 0px; border-right: 0px\" title=\"j2\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/j2_thumb2.jpg\" border=\"0\" alt=\"j2\" width=\"183\" height=\"268\" \/><\/a><br \/>\nAlthough we\u2019re not huge fans of plaid shorts, it\u2019s quite obvious that Mark is a much better dresser than his kid brother.<br \/>\n<em><\/em><\/li>\n<\/ul>\n<ul>\n<li>It\u2019s time for a new movie survey!\u00a0 Send in a list of your all time favorite cult movies, and we\u2019ll run the ten most mentioned. As for what constitutes a cult movie, Justice Learned Hand once said \u201cI can\u2019t define a cult movie, but I know one when I see one.\u201d\u00a0 Send in those nominations today!<br \/>\n<em><\/em><\/li>\n<li>We just read that there are <em>200 billion<\/em> stars in our galaxy.\u00a0 Ok, all you science majors, how many <em>galaxies<\/em> are there?<em><br \/>\n<\/em><\/li>\n<li>Last week we started on some of the positive changes brought about by FNMA and Freddie Mac.\u00a0 Here\u2019s one that\u2019s kind of interesting, but in the late 70\u2019s, FNMA and Freddie Mac had different loan applications.\u00a0 If you were a mortgage banker, it didn\u2019t really matter since you weren\u2019t allowed to sell to Freddie Mac anyway, but if you were an S&amp;L (the S&amp;L\u2019s owned Freddie Mac then), you could sell to both Fannie or Freddie.\u00a0 However, it was quite difficult because you had to know in advance whether the loan would go to Fannie or Freddie so you could use the correct loan app.\u00a0\u00a0 In about 1980-81 or so, Freddie Mac allowed mortgage companies to sell to them. Both companies eventually agreed on what we now know as the 1003, and having a nationally accepted loan app did make things hugely easier, and therefore, better for borrowers.<\/li>\n<li>If you look at a list of all the banks with C&amp;D Orders, there\u2019s Americana Community Bank in Sleepy Eye, Minnesota .\u00a0 Someone with some marketing skills should be able to do something there, maybe change the name to Bank of Sleepy Eye.\u00a0 It would certainly be more memorable than Americana Community Bank.<\/li>\n<li>The guys at Calculated Risk maintain a very good list of the banks under regulatory orders with links to each order. <a href=\"http:\/\/www.calculatedriskblog.com\/2010\/03\/unofficial-problem-bank-list-at-641.html\">http:\/\/www.calculatedriskblog.com\/2010\/03\/unofficial-problem-bank-list-at-641.html<\/a>.\u00a0 We look at it pretty regularly.<\/li>\n<li><em>Question<\/em>: What American League team holds the record for the most consecutive wins?\u00a0 <em>Answer<\/em>: It wasn\u2019t the Yankees, the Red Sox, the Orioles or Detroit .\u00a0 It was the Oakland A\u2019s, winning 20 straight in August and September in 2002. They started the streak at 68-51 in third place, and when the streak ended, they were 88-51, in first place.\u00a0 We saw every one of their home games during the streak, and those 21 days were more exciting than anything else we\u2019d ever seen or read about in 45 years of following baseball.\u00a0 Nothing came close or ever will again.<br \/>\n<a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/j12.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; display: inline; border-top: 0px; border-right: 0px\" title=\"j1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/j1_thumb2.jpg\" border=\"0\" alt=\"j1\" width=\"133\" height=\"133\" \/><\/a><\/li>\n<li>Another way FNMA made it easier for consumers was to dramatically speed up the process in 1981.\u00a0 That\u2019s when they instituted delegated underwriting. Prior to this, you would process the loan and then <em>mail<\/em> it to FNMA and have <em>them<\/em> approve it. We\u2019re not even certain that FedEx or UPS were around then!\u00a0 But you\u2019d mail the file to Fannie and they\u2019d have something like 30 days in which to approve or disapprove the loan.\u00a0 Can you imagine?<br \/>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 *\u00a0\u00a0\u00a0\u00a0 *<\/li>\n<\/ul>\n<p>And when we wrote above that we just couldn\u2019t see what those 20-something models saw in 80-something Hugh Hefner, we were just kidding.\u00a0 No need to write us on that one.\u00a0 Also, <a href=\"http:\/\/www.scribd.com\/doc\/28037569\/Brokered-Deposits\"><strong>an interesting piece is attached on brokered deposits.<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/garrettwatts.com\/\">Garrett, Watts &amp; Co.<\/a><br \/>\n<em>Helping <\/em><em>lenders increase revenues, control costs, and better manage risk.<\/em><em><\/em><\/p>\n<ul>\n<li>Mike McAuley\u00a0\u00a0 (<a href=\"mailto:MMcAuley@GarrettWatts.com\">MMcAuley@GarrettWatts.com<\/a> )<em><\/em><\/li>\n<li>Corky Watts\u00a0\u00a0\u00a0\u00a0\u00a0 (<a href=\"mailto:CWatts@GarrettWatts.com\">CWatts@GarrettWatts.com<\/a>)\u00a0<\/li>\n<li>Joe Garrett\u00a0\u00a0\u00a0\u00a0\u00a0 (<a href=\"mailto:JGarrett@GarrettWatts.com\">JGarrett@GarrettWatts.com<\/a> )<\/li>\n<\/ul>\n<p><\/span><\/span><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=qXGSb1TrDrU:J15G_LdLDXM:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=qXGSb1TrDrU:J15G_LdLDXM:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=qXGSb1TrDrU:J15G_LdLDXM:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=qXGSb1TrDrU:J15G_LdLDXM:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=qXGSb1TrDrU:J15G_LdLDXM:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=qXGSb1TrDrU:J15G_LdLDXM:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=qXGSb1TrDrU:J15G_LdLDXM:V_sGLiPBpWU\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/mortgagenewsclips\/qTBe\/~4\/qXGSb1TrDrU\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 To Our Clients, Colleagues and Friends, Have you (1) noticed that there are earthquakes happening everywhere now, and not just Haiti and Chile , and (2) did you see the movie2012? Even if you\u2019re the most rational person in the world, it\u2019s hard not to wonder if something\u2019s going on here. By the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-403960","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/403960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=403960"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/403960\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=403960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=403960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=403960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}