Members of DSWA enjoy many benefits.  A few include a 500 page content rich website, designed to expedite the direct seller’s success with audio and ebooks available for download by speakers such as Mark Victor Hansen and Lisa Nichols from “The Secret.”

With home based businesses increasing rapidly while traditional corporations are downsizing at an alarming rate, support, training, and education in a safe atmosphere is crucial to success. I look forward to the synergy that I expect to see in our local community from the upcoming start up of local Area Chapter meetings of the DSWA.

This event will be held Friday, December 19, 2008 from 5 to 8 p.m. at the newly opened Longshadow Winery located a 28500 Old Town Front Street in Temecula, CA. John and Susan Brodersen, owners of Longshadow Winery, provide live music by various local musicians on Friday evenings.

Dawn Worsham has lived in the Temecula Valley for five years and has been representing the jewelry line for one and a half years. Silpada Designs handcrafted jewelry is sterling silver, complemented by colorful semi-precious gemstones and natural materials including freshwater pearls, coral, and tooled leather. Dawn Worsham will donate fifty percent of the profits from Silpada Designs sales to benefit Michelle’s Place.

Bonnie Clark, Independent Agent for The Dynamic Payoff Team of United First Financial has lived in Temecula for three years. As an independent agent she is actively helping homeowners nationwide to eliminate debt and accelerate their home equity, saving those on the program significant time and money. Dedicated to helping others, she is involved in several networking and professional organizations that support the community in Temecula and Murrieta, CA.

While promoting participation in another local event to benefit Michelle’s Place, Bonnie and Dawn met and decided to join forces during the month of December.

Michelle’s Place was founded in 2001 to provide support and resources to women battling breast cancer as well as to educate those not yet impacted by breast cancer.

Adults 21 and over are invited to attend to benefit a much needed cause during this season to give.

For further information please call 877-365-GROW ext 704 or email bonnie@dynamicpayoff.com.

Rate on 30-year fixed mortgages jump could climb higher still. One cause: Government’s rescue efforts.

This is today’s current headline on CNN.

My question…Why don’t we hold our elected officials who rushed to push this plan through accountable? If we screwed up at work and our decision caused a financial problem to become a disaster how long do you think we’d keep our jobs? Not too long in the real world!

Freddie Mac reported Thursday that the average 30-year fixed-rate mortgage has hit 6.46% - up from 5.94% the week earlier. That represented the largest weekly increase since April 1987.

What that means is a borrower with a $200,000 mortgage would pay about $1,225 a month at 6.2%, and $70 more, $1,295 at 6.74%. As I have said in previous posts and most Americans knew, this plan was NOT going to help Main Street.

The CNN article states “The spread - the difference between Treasury yields and mortgage rates - also expanded a bit, according to Bankrate.com.”

Americans (except those who are elected to represent us…Where is your speech now, Nancy?) knew this was to help the banks, not us. This “spread” means more profit to those who’s greed was most responsible to get us in this mess.

Keith Gumbinger of HSH Associates, a publisher of mortgage information, expects rates to stay higher for several more months, as financial markets and lending take some time to return to normal. But he doesn’t see the current spike as the beginning of the end of affordable mortgages. “Rates should probably settle back down,” he said.

Where is the same urgency to help Main Street that we saw to help Wall Street?!?

Several more months of taking time to get back to normal while banks make more profit on the spread? Both candidates TALK about helping the hurting American.

How about we “fire” our current Congress and Senate and actually get some people in there that will actually represent OUR interests? Let’s hold them accountable. It is time for a massive overhaul, don’t you think?

The people making the rushed decision we will pay for and we don’t know the details about are compromised. It baffles me why they haven’t rounded up the economists and others that have predicted this FOR YEARS to come up with a smart plan that will really help America. Instead it is left to the same people that closed their eyes (at best) and now are crying hero.

Gather all of the best and the brightest and bring them to Washington and make a consortium where ideas can be shared and discussed. The majority of this consortium should be composed of third party economists and scholars.

Or just listen to the common sense ideas of American citizens.

Here are a few:

One person’s thoughts from a blog:

The reason for the problems we are facing is simple. Amortization. You buy a 200,000 home with 10% down and you pay back 400,000-600,000. How is that sane by any definition. Houses and cars should only financed with Simple Interest. Bank should make a fair profit, but not an insane one. If everyone who bought was paying for a simple interest loan their payments would be far more affordable, they would be making their payments and the financial markets would be fine as people would be buying and selling. Banks got greedy with amortization and now WE are suffering for their greed.

An email that is circulating has the common man’s thoughts. Maybe we should send a copy to the House and Senate…

Good afternoon my fellow Americans,
I’m against the $85,000,000,000.00 bailout of AIG. Let alone the $700,000,000,000.00 bail out for wall street. Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend. To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up. So divide 200 million adults 18+ into $85 billion that equals $425,000.00. My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

I just had to pass these on.

2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie “continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,” he said. “We are placing the total financial system of the future at a substantial risk.”

McCain spoke May 25, 2006, on behalf of the Federal Housing Enterprise Regulatory Reform Act… “For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial market, and the economy as a whole.

I urge my colleagues to support swift action on this GSE reform legislation.”

It never made it out of committee! Why didn’t the bill become law?

Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans couldn’t even get the Senate to vote on the matter.

Chris Dodd, then the ranking member of the Banking Committee and now its chair, was in the middle of receiving preferential loan treatment from Countrywide Mortgage.

Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, 2nd only to Dodd, the Senate Banking Committee chairman, who received more than $165,000. A group called the Center for Responsive Politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. senators getting big Fannie and Freddie political bucks were Democrats and No. 2 is Sen. Barack Obama.

Though he has only been in the Senate FOUR YEARS, but he still managed to grab the No. 2 spot ahead of John Kerry — decades in the Senate — and Chris Dodd, who is chairman of the Senate Banking Committee.

Actions speak louder than words. Wake up and open your eyes, America!

Prov. 18:13 provides this wisdom. He who answers a matter before he hears the facts–it is folly and shame to him.

^{Our bailout decision is too important and impacts us, our children and grandchildren too greatly to make a hasty or uninformed decision. We got here because of greed and unsound logic in the first place. Too many in power choose to be ignorant though information was available.}

^{Ron Paul testified about Fannie Mae and Freddie Mac’s mismanagement and the possible toll it would take on the American taxpayer in 2003. David Walker, former Comptroller General of the United States from 1998-2008 and head of the GAO has been urging America and its lawmakers that our economy would become unsustainable without making changes. Information has been available so how can we ask. “How could this happen?”}

^{Steven A Holmes published an article in the New York Times September 30, 1999 addressing easing in Fannie Mae’s underwriting guidelines.  Over nine years ago he wrote that “Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But 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.} 

^{Information to make informed decisions for change has been available. America has got to stand up “for the people.” To provide this enormous amount of bailout money to the same people who were a major part of causing this mess for profit and greed without strict accountability and enough requirements to assure a benefit to the taxpaying people who will be left with the bill is insane.}

^{Would you lend your hard-earned money to your irresponsible friend who’s habit is to regularly spend more than he makes!?! Not without some strong provisions you wouldn’t. Not if you ever cared to get that money back.  Well the government borrows a lot of the money the country spends. What is wrong with that picture? And in what other world do corporate executives get huge salaries and bonuses for their performance  when those companies do so poorly they need bailing out? Not in my world and I am guessing not in yours. Where is common sense? How about counting the cost? How about getting the facts before decisions are made that will impact each of us?}

^{Let’s listen to and back those demanding the details to make an informed decision. Watch Congressman DeFazio speak up September 24, 2008}