I am Backkkk!!


I am a grandfather and her name is Taliah Elizabeth Potter. She was born of my step son Malcolm and his fiance Alecia as an 8 1/2 lb. bundle of joy. I am waiting for the joy but I had a daughter ( still do) but the baby part I recall as if it was yesterday and for a granddad I am waiting for the pig tails and the wonder all children have at 3 and up. I will dress her in matching kilts and we will have adventures fishing and camping. I wasn’t in town however but thanks to my wonderful wife I was kept informed with tons of pics and emails.


ImageImageImage This is the beginning of her nursery – it is finished now and I will post pics later. And so the circle of life goes round and round and round and round. My daughter is 27 and I remember the days when she was growing up and how fun she was so energetic and beautiful and a mystery. As Malcolm will come to know. My wife is Gob Smacked and is so happy with this baby addition.

NOW on to the business side of life. LIFE IS WHATEVER YOU MAKE IT! I have become quite awed by the fact that if I am happy, life is great – if I am sad life sucks. If I get up and say today is going to be a great, happy day, then I can make it so.

We all have this ability. So now at my age and with all the experience I have had in so many areas of life I am glad to know this, but more importantly I wish I had the confidence of this understanding when I was 20. I spent many years reacting and now I act, even when I react. It is much more empowering.

I started my Real Estate career at 62, and in five and a half months I sold one house and was so very close to three other sales. Along the way I have learned a lot, met a lot of people and have had fun!

FUN is the key to staying happy, not so obvious as it sounds. Fun is an interpretation of life events – glass half full – and it is very hard to accomplish, especially when as a young man and I was adding more responsibilities on top of responsibilities. Pressured to succeed and trying to wear too many hats. Now I approach challenges in a patient way.

I am working more than I can remember – mostly on developing a real estate business, while still working on paid commissioned paintings. I just got an assignment to create a video for property in San Clemente, California and I had my polo painting ( the acrylic study) approved for the next stage as an oil painting.

Image I finished an oil of a national champion French Bulldog who took Best of Breed at the most recent Westminster Dog Show in NYC.

ImageThe polo horse, “Chocolate” in my polo painting was named Best Playing Pony in the World of the year 2013 and is a beautiful animal in full stride on a playing field in Argentina being ridden by the second best polo player on the International circuit Adolpho Cambiaso.Image I am also painting doors and cabinets in the kitchen of our home with the images from an Italian painter Malinia an old friend of Claudia’s parents.


What the hell is a QM?

Whether you’re refinancing your home loan or planning to buy a home in 2014, you’ll be among the first consumers to apply for a mortgage under new rules established by the Consumer Financial Protection Bureau.

Known as “Qualified Mortgages” or QM regulations, these new rules are meant to protect consumers from unsustainable loans and to prohibit lenders from approving loans for unqualified borrowers. The rules, part of the aftermath of the housing and financial crisis, change the availability of some loan programs and limit the fees that lenders can charge to consumers.

QM Changes to Mortgage Lending

Several loan programs that the CFPB believes are dangerous to consumers are not eligible for QM status, including no-documentation loans, 40-year loans, interest-only loans, loans with a balloon payment, option loans in which borrowers could pay less than the full amount due, and loans with negative amortization in which the principal balance grows because the monthly payments are artificially low.

Borrowers won’t necessarily feel the absence of those loan programs since lenders stopped offering most of them years ago after the housing crisis. Also, over the past several years lenders have increased the level of documentation required of all borrowers to comply with other regulations and underwriting standards.

Borrowers will be impacted more by two other aspects of QM loans: Lender fees are limited to 3 percent and have a hard line for your debt-to-income ratio. The limit on lender fees applies to loans above $100,000 and will reduce the up-front costs of a mortgage.

Under QM rules, your debt-to-income ratio, which compares your gross monthly income to the minimum payments on all your debts, must be 43 percent or lower. Some borrowers may no longer qualify for the loan amount they applied for under these rules and will have to reduce the amount of the loan or pay off other debt.

Lenders can offer both QM and non-QM loans as long as they verify that borrowers can repay the mortgage, but the advantage of a QM loan is that it can be purchased or guaranteed by Fannie Mae and Freddie Mac. The lender then receives legal protection for QM loans against future lawsuits from disgruntled borrowers or investors.