Mixed reports on lenders' willingness to help troubled borrowers

By Jim Wasserman - jwasserman@sacbee.com
Published 12:00 am PDT Thursday, July 3, 2008

Today's good news was how the U.S. manufacturing sector expanded in June for the first time in five months. The Institute for Supply Management's index of business activity moved to 50.2 last month, from 49.6 in May and 48.6 in April. A sub-index tracking prices surged.

Readings above 50 indicate expanding activity. June's numbers marked the first positive performance since January. The reading suggested a weak, BUT GROWING, economy.

"The current level of the index is consistent with a stagnant manufacturing sector (kept afloat by booming exports) and a slowly growing overall economy," Insight Economics analyst Steven Wood said. "For the index to suggest a recession in the broad economy it would have to fall to around 44."

So where do we go from here? Find out on July 16th, Wednesday at 6pm pacific, where I share my "current state of the housing and foreclosure market" with you, the new foreclosure buyer... and what to do to profit during these tumultuous times. We are in our best buying market that I have seen in 35 years. Do not sit on the sidelines and watch these deals go by! Join my FREE Webinar and Conference Call "Make Honest and Ethical Foreclosure Profits NOW" and get your piece of the pie! MORE HERE.

This report is more optimistic about medium- to long-term prospects. It estimates that unless there's a serious, prolonged economic decline or a marked cutback in immigration, the nation will gain 14.4 million new households between 2010 and 2020, compared with 12.6 million between 1995 and 2005.

"Until the number of vacant for-sale units on the market falls enough to bring vacancy rates back down, house prices will remain under pressure," the report says. "Working off the oversupply will require some combination of the following: housing starts fall even further; prices decline enough to bring out new bargain-seeking buyers; interest rates drop enough to improve affordability; job growth improves; consumer confidence returns; and mortgage credit again becomes more widely available."

"At some point demand will bounce back," Retsinas said in a press release announcing the release of the report. "Historically, housing markets recover only after the economy has entered a recession and a combination of falling mortgage interest rates and house prices have improved housing affordability."

If the economy slips into a severe recession, the prolonged contraction could drive down the sustainable level of housing demand by slowing the loss of older units, forcing more households to double up, and reducing sales of second homes, the report said. But in the case of a mild downturn, which most economists expect, the fundamentals of demand are likely to drive a strong rebound in housing once prices bottom out and the economy begins to recover.

The boom-bust housing cycle has been reflected in the home-ownership rate. From 1994 to 2004, the home-ownership rate surged by five percentage points, peaking at 69 percent. Since then, home-ownership rates have fallen back for most groups, including a nearly two-point drop among black households and a 1.4-point drop among young households. The number of renter households increased by more than 2 million from 2004 to 2007, lowering the national home-ownership rate to 68.1 percent.

Once the oversupply of housing is worked off and home prices start to recover, the use of automated underwriting tools, a return to more traditional mortgage products, and the strength of underlying demand should put the number of homeowners back on the rise, the report said.

Although the short-term prospects for a recovery remain uncertain, in the long run the downturn is unlikely to slow down the creation of new households. The report projected that minority household growth among 35- to 64-year-olds should remain strong in 2010-2020, while the number of white middle-aged households will begin to decline after 2010 as baby boomers reach retirement age. People living alone are expected to account for 36 percent of household growth between 2010 and 2020, and 75 percent of the 5.3 million projected increase in single-person households will be among those 65 and older.

This is all really very helpful information -- if you know how to use it to buy low and sell for profits in today market. That is why I spend time on this and more economic and housing data every month in my FREE Webinar and Conference Call for new foreclosure buyers "Make Honest and Ethical Foreclosure Profits NOW" on July 16th at 6pm Pacific. Register Early as we always fill up quickly! MORE HERE.

You can catch me in San Francisco, at The Palace Hotel, in their Main Conference on Thursday, July 24th, 4:00pm-4:45pm in their "Finding New Business Opportunities -- Working the Foreclosure Market" session. REGISTER HERE.

More on Inman Connect:

Every year technologists, real estate professionals and industry leaders convene at Real Estate Connect to explore some of the most pressing issues the industry is facing. Please check out our complete Conference program for full details and have a look at all of our featured speakers.

I will also be speaking for FREE on  Webinar and National Conference Call July 16th 6pm Pacific Foreclosure Investor Webinar "Make Honest and Ethical Profits Now". In this Call I will discuss the current real estate and foreclosure markets and how they affect you, the foreclosure buyer. Everyone wants to Buy Low and Sell High! There is no doubt about it – NOW IS LOW – and the right properties are selling quickly – find out how! MORE HERE.

Sales of new U.S. single-family homes tumbled 2.5% in May to a seasonally adjusted annual rate of 512,000 as sales in the West fell to a 26-year low, the Commerce Department estimated Wednesday. The decline nearly matched economists' expectations for a decline to a 510,000 rate from April's revised 525,000. It was the lowest sales pace since the 501,000 rate in March. New-home sales were down 40.3% compared with a year earlier.

Builders were making progress on reducing the number of homes for sale. The number of homes on the market fell to a three-year low of 453,000, representing a 10.9-month supply at the May's sales pace, up from 10.7 months in April.

The weak housing report will weigh on policymakers at the Federal Reserve, who are meeting Tuesday and Wednesday to discuss the economic outlook. Few analysts expect any changes in the Federal Open Market Committee's target interest rates or in the basic thrust of its policy statement.

Consumers are apparently optimistic about the future of the national real estate economy, according to a new survey conducted by Housing Predictor. Nearly 1 out of 2 polled say they believe the national real estate economy will improve within the next two years.
 
The online survey serves to show that despite the turmoil in the nation’s real estate markets, triggered by the credit crisis most believe conditions will improve in a short time span. Only 28% of all respondents said they believe it will take five years or longer for credit market conditions to improve the housing market.  
 
An unprecedented epidemic of foreclosures has led to lower home prices in the over-whelming majority of the country. As many as 1 out of 3 homes in some especially hard hit areas listed for sale are foreclosures, damaging communities and housing values. 
 
Some 25% polled said they believe things would improve in a year or less. Housing Predictor regularly surveys consumers on real estate related issues, and provides more than 250 local housing market forecasts in all 50 U.S. states. The data on which forecasts are issued are independently gathered by researchers from thousands of sources throughout the nation. Markets are constantly monitored by researchers to keep visitors up to date on changing market conditions.

The S&P/Case-Shiller home-price index dropped 15.3 percent from a year earlier, less than forecast, after a 14.3 percent decline in March. The gauge has fallen every month since January 2007. Home prices decreased 1.4 percent in April from a month earlier after a 2.2 percent decline in March, the report showed. The figures aren\\'t adjusted for seasonal effects, so economists prefer to focus on year-over-year changes instead of month to month.

The index was forecast to fall 16 percent from a year earlier, after a previously reported 14.4 percent drop in the 12 months ended in March, according to the median forecast of 23 economists surveyed by Bloomberg News. Estimates ranged from declines of 15.4 percent to 17 percent.

And I am sure you did not see the good news buried in the report...

One bright spot in the report was that more cities showed a gain in prices in April compared with the previous month. Houses in eight areas rose in value, compared with just two in March. Month-over-month gains were led by Cleveland and Dallas.

Aren't you glad I have a monthly Foreclosure Investor Webinar and Conference Call that digests exactly what is going on in the real estate and foreclosure market right now, and what it means to you the foreclosure buyer? My next one is July 16th, 6pm Pacific. Don't Miss out! MORE HERE.

There you go. More to come later today as I have the results of a recent survey that show "Consumers Optimistic on Real Estate"... stay tuned.

Check out the part that after the loans are written down to 90% of market value and refinanced with a FHA insured loan, the government wants to split the equity with you over the next 5 years. How the heck are they going to regulate and enforce that one? What if the owner does improvements to add value to the house? How will they measure that  portion equity growth? This is crazy. I hope they kill that portion of the bill.

I'll keep you posted, as I am sure (and hope) there are more changes to come. Thank goodness I hold my monthly Foreclosure Investor Webinar and Conference Call that digests exactly what is going on with all this pending housing legislation and what it means to you the foreclosure buyer. My next one is July 16th, 6pm Pacific. Don't Miss out! MORE HERE.

Here is a Summary of the “HOPE for Homeowners Act of 2008" 

The “HOPE for Homeowners Act of 2008" creates a new, temporary, voluntary program within FHA to back FHA-insured mortgages to distressed borrowers.  The new mortgages offered by FHA-approved lenders will refinance distressed loans at a significant discount for owner-occupants at risk of losing their homes to foreclosure.  In exchange, homeowners will share future appreciation with FHA.

The program is built on five principles:

1. Long-term affordability.  The program is built on the idea, expressed by Federal Reserve Chairman Bernanke, that creating new equity for troubled homeowners is likely to be a more effective way to avoid foreclosures.  New loans will be based on a family’s ability to repay the loan, ensuring affordability and sustainable homeownership.

2. No investor or lender bailout.  Investors and/or lenders will have to take significant losses in order to benefit from the proceeds of the loans refinanced with government insurance.  However, these losses would be less than the losses associated with foreclosure.

3. No windfall for borrowers.  Borrowers will share their new equity and future appreciation equally with FHA.  Borrowers will pay for the FHA insurance.

4. Voluntary participation.  This will be a voluntary program.  No lenders, servicers, or investors will be compelled to participate.

5. Restore confidence, liquidity, and transparency.  Credit markets are fearful and frozen in part because banks and other financial institutions do not know what their subprime mortgages and related securities are worth. The uncertainty is forcing lenders to hoard capital and stop the lending necessary for economic growth.  This program will help restore confidence and get markets flowing again.

At the end of the Call I announced the WINNERS to my big prizes. In case you missed it, here they are:

2nd Prize: Ralph Flores, City of Industry, CA: 3 Months Free Foreclosure Lists Access!

1st Prize: Richard Binns, Suffield, CT: Seven Steps to Mastering Foreclosures 2008 Homestudy!

GRAND Prize: David Buhr, Renton, Renton, WA: 3-Day Mastering Lab Seat!

Congratulations to all 3 of you! I can't wait to hear from you and about all your successes in the foreclosure investing business. Keep us all posted! Take care, Alexis

I've already written about a similar provision in the Senate that would allow for a credit of $7,000, but would apply to buyers who are purchasing a foreclosed property, or a previously unsold and unoccupied newly built property on which a building permit was issued and construction started on or before Sept. 1, 2007. Also, the credit could be recaptured if the property is sold, or isn't used as a principal residence within two years of the purchase.

Of course I prefer the Senate's version for purchasers of foreclosure property... but either tax credit would stimulate a wave of home buying that could quickly reduce excess supply in housing markets and halt the erosion of house prices in hard hit areas. 

Now we just need to get Congress to act quickly and get it done!

Can't wait to talk to you all about this and more in just a few hours! My Free Live Webinar and Conference Call will start at 6pm Pacific. If you have not already registered, make sure you do now as WOW the spots are filling up fast! Plus, you need to be PRESENT to WIN one of my 3 BIG PRIZES -- 3 months foreclosure lists access; 2008 Seven Steps to Mastering Foreclosures homestudy; and the GRAND PRIZE winner of a spot in my highly-coveted 3-day Lab! Talk to you all shortly! :)

We have economic data that shows rising inflation and a troubled housing market. We also have Goldman Sachs, the world's largest securities firm, reporting quarterly results topping expectations as well as its competitors.

The Goldman results, along with newspaper reports that the Federal Reserve is unlikely to hike interest rates soon, helped the market initially bypass economic data, which included a 1.4% increase in wholesale prices in May, with core prices, which exclude food and energy, climbing 0.2%.

"We're trained to look at the core," said Terrin Griffiths, an economist with the California and Nevada Credit Union Leagues, of the market's initial willingness to put aside the rise in wholesale prices. Another report illustrated a desperate attempt by builders to reduce the supply of homes, with the Commerce Department estimating construction began on 3.3% fewer homes in May.

David Dickens, executive vice president, asset liability management, at U.S. Central, a central banking institution for credit unions, said the ongoing saga of a weak economy and rising inflation will likely force the hand of the Federal Reserve, which he believes will prompt the central bank to CUT its benchmark interest rate by 25 basis points in September.

So there you go... thank goodness I will have time to discuss this and more tomorrow in my FREE Webinar and Conference Call, Wednesday, June 18th, 6pm Pacific (9pm Eastern). Plus, in case you missed it, I am giving away 3 BIG PRIZES to attendees of the Live Event- 3 months free foreclosure list access; my 2008 Seven Steps to Mastering Foreclosures complete home-study course; and 1 seat to my highly coveted hands-on 3-Day Mastering Lab! Make sure you register now, as we are almost out of space! MORE HERE.

So I did some searching and found this straight talking Mortgage Market Myths and Realtiy from the MBA. I hope you find this helpful...

Myth: Mortgage lenders are not doing enough to help distressed borrowers.

Reality:
The mortgage lending industry is engaged in an unprecedented effort to assist distressed borrowers.  In the second half of 2007, servicers helped 869,000 homeowners through repayment plans and loan modifications. For more information, see the Mortgage Bankers Association of America report, "Help For Distressed Borrowers."

Myth: Borrowers who qualify for prime loans only end up with subprime loans if lenders deceptively steer them into such loans.

Reality:
Many borrowers who might qualify for prime loans knowingly select subprime loans for reasons that include:

Myth: Bankruptcy is an easy process that consumers should use.

Reality:
It is apparent that groups such as the Center for Responsible Lending and some Members of Congress advocate that people enter into bankruptcy rather than focus on other more effective and less burdensome ways to help consumers. They fail to understand the very real and severe consequences for consumers who declare bankruptcy.

• Bankruptcy stays on a consumers\' credit report for 10 years, making it difficult to acquire future credit, especially in a tighter credit environment.
• Bankruptcy makes it more difficult for borrowers to get credit cards, buy a home, car or hazard insurance and in some cases, obtain employment.
• Bankruptcy costs consumers about $3,000 in attorney and court fees.
• Finally, nearly, two-thirds of bankruptcy repayment plans fail and repayment plans do not take into account new expenses that an individual incurs, such as unanticipated health related costs or emergencies.

Myth: Congress should reform the bankruptcy laws to help troubled borrowers.

Reality:
An MBA analysis demonstrates that rates on mortgages will rise at least 1.5 percent for future homeowners and anyone looking to refinance if bankruptcy legislation (H.R. 3609) is enacted. In fact, MBA recently launched the Bankruptcy Resource Center where individuals and policymakers can go to see how much the average 30-year fixed-rate mortgage would increase at the state and county levels.

Learn about Foreclosure Investing Myths and Realities this Wednesday, June 18th, 6pm PST (9pm EST) in my FREE New Foreclosure Investor Webinar and Conference Call. And how can you make profits, with or without your own cash or credit, in todays real estate market.

Plus I'll be giving away some FANTASTIC prizes.... such as a FREE LAB Seat, FREE Homestudy and FREE List Access. Don't miss out! Make sure you signup asap as our Webinar Conference Provider has limited our space and I know we will sell out. Space is very limited. Do not wait to reserve your spot. MORE HERE.

Soaring gasoline prices helped drive up overall U.S. consumer prices during May by the fastest rate in six months, but core prices remained tame. The 12-month core prices advanced 2.3% as expected (see chart above). 

This is not the inflation we know of from the 1970\'s.... here is why....Note that core CPI inflation (less food and energy, data here) has been below 3% now for 149 consecutive months, since January of 1996 (shaded area above). Also notice that there is a huge difference between the inflationary 1970s and today - in the inflationary 1970s (fueled by excessive money creation) ALL prices were rising simultaneously at double-digits rates, EVEN the non-energy and non-food items of the CPI. Today, except for energy and food prices, core inflation is contained, low and stable, as is growth in the monetary base, suggesting that the concern about inflation is well... inflated.

Also, compared to a recent peak close to 3% during 2006, the core inflation rate is lower today, and has been generally declining since late 2007.

Rising energy prices alone cannot cause inflationary increases in all goods and services, as the situation today suggests, with core inflation remaining low and stable despite rising energy prices. Keep in mind also that during the double-digit inflation in the U.S. during the 1970s, fueled by expansionary monetary policy, the German central bank demonstrated much greater monetary restraint, and inflation in Germany never exceeded 8% in any year during the 1970s and averaged only 5% during that decade (despite experiencing the same increase in world oil prices as the U.S.).

I'll be talking about this and more this Wednesday at 6pm PST (9pm EST)... Plus I\'ll be giving away some FANTASTIC prizes.... such as a FREE LAB Seat, FREE Homestudy and FREE List Access. Don\'t miss out! Make sure you signup asap as our Webinar Conference Provider has limited our space and I know we will sell out. MORE HERE.

The retail sales report is a key indicator of U.S. consumer spending. Consumer spending makes up about 70% of gross domestic product, the broadest measure of economic activity in the U.S.

Retail sales jumped by the largest amount in six months in May as 57 million economic stimulus payments helped offset the headwinds buffeting consumers. A wide variety of retailers enjoyed a good month, including the biggest increase at department stores and other general merchandise stores in a year.

Analysts were surprised by the solid increase in retail sales and noted that sales in April were also revised to show a respectable gain of 0.4 percent, instead of the original estimate that sales had fallen by 0.2 percent.

In another report the Commerce Department said that business inventories grew by 0.5 percent in April, more than double the 0.2 percent rise in March and the best showing since inventories rose by 1 percent in January.

"Recession? What recession?" asked Joel Naroff, chief economist at Naroff Economic Advisors. "Spending in April and May was solid in just about every category."

Also today the Labor Department said initial jobless claims totaled 384,000 last week, about 14,000 more than had been predicted. Another report from the government said import prices rose 2.3% last month, a bit less than the consensus forecast. Commodities were moving lower. Crude oil was down $3.03 at $133.36 a barrel, and gold was giving back $15.23 to $867.67. The dollar was on a tear, climbing 1% against the euro and the yen and nearly that much on the pound.

So what does this all mean to you, the foreclosure buyer? And how can you make profits, with or without your own cash or credit, in todays real estate market? Find out more on Wednesday, June 18th, 6pm PST (9pm EST) in my FREE New Foreclosure Investor Webinar and Conference Call. Space is Limited, so do not wait to reserve your spot. MORE HERE.

Then today, I finally get public affirmation....

June 9 (Bloomberg) -- The number of Americans signing contracts to buy existing homes unexpectedly rose as the first national drop in prices since the 1930s lured buyers back into the market in the West, Midwest and South.

The index of pending home resales jumped 6.3 percent in April, the most since 2001, after a 1 percent drop in March, the National Association of Realtors said today in Washington. The March reading was the lowest level since the NAR started keeping records eight years ago.

The figures may be a sign that the glut of 5 million unsold properties may be on the way down, which economists say is a prerequisite for stabilization in the industry. Federal Reserve Chairman Ben S. Bernanke warned last week that the economy will remain in danger of weakening further until housing reaches a bottom

``We are seeing sales picking up notably where prices are coming down,'' said Lawrence Yun, chief economist of the realtors' group. ``The first necessary thing is for sales to rise'' and today's data is a step in the right direction, he said.

Economists projected the index would fall 0.4 percent, according to the median forecast in a Bloomberg News survey of 32 economists. Estimates ranged from a drop of 1.5 percent to a 1 percent gain.

``There are some signs that sales are close to a bottom...'' said James O'Sullivan, a senior economist at UBS Securities LLC in Stamford, Connecticut, who had the highest forecast in the Bloomberg News survey.

``We'll need to see more than this report to suggest housing is really rebounding,'' said O'Sullivan.

The measure increased 13 percent in the Midwest and 8.3 percent in the West. Pending resales rose 4.6 percent in the South and decreased 1.9 percent in the Northeast.

The pending resales measure is considered a leading indicator because it tracks contract signings. The existing-home sales report reflects closings, which typically occur a month or two later.

The Realtors group will release its May existing home sales report on June 26. Purchases in April dropped to a 4.89 million annual pace, matching the weakest rate since records began. It would take an all-time high of 11.2 months to sell all the houses on the market at the current sales pace.

Still, the decline in prices is making homes more affordable. The Realtors group's affordability index stood at 129.8 in April. A reading of 100 indicates a family with the median income could afford a median-priced house at current interest rates.

Now the question is, what are you going to do with this information? I know you will all look back at this time right now as our best opportunity for deals in 35 years and wish you bought more property on FIRE SALE! Would you like to get your piece of the pie AND SAVE $1,000? Check out my SUPER SUMMER SALE going on NOW through this Friday, June 13th! CLICK HERE NOW!

MarketWatch -- Here's an all-points bulletin to prospective homebuyers: The protracted decline in home prices has made many houses more affordable than they've been in years.

 

You know what this means? Housing could shift from a buyer's market to a seller's market before you know it.

 

Now don't get me wrong. I am not saying that all is copacetic when it comes to housing. Far from it.

 

I would agree with those who say that it will take many months before balance is restored between supply and demand. There are simply too many homes for sale at asking prices that are still too high for housing to do a 180. Nor am I expecting another housing bubble to form, not in this decade anyway.

 

All I would like to point out is that, in broad macro terms, the average house is no longer as overpriced as it once was. That being the case, it is no longer prudent to assume that home prices have to fall a lot more before they stabilize.

 

For now, however, this is what most buyers believe. Knowing full well that there are a lot of unsold homes out there, most would-be buyers are waiting for a sign that prices have stopped falling and thus stabilized before making a bid. They are waiting because history has conditioned them to do so.

 

Until recently, home prices used to go in only one direction, up, the only question being how fast. As a result, a house became just about the only item -- large or small -- that people would buy expecting its price to appreciate.

 

This kind of thinking does not apply to any other product the typical household purchases. Indeed, people routinely buy the latest cell phone, personal digital assistant, high-definition TV, or other electronic gadget fully expecting that those who buy after they do will probably pay less.

 

But housing is different - at least it used to be. Maybe now that people see that home prices can behave no differently than most other prices (They can go down as well as up), they will adapt a different attitude.

 

Getting back to affordability, loyal readers know that I believe that this measure is the best way to value a house.

I don't care about the cost of land, labor, building materials or the house next door. What matters to me is the ratio of home prices to household incomes (see my column of Feb. 4).

 

As of the April stats, the typical existing home cost 3.4 times estimated household incomes, while median new-home prices equaled almost 3.8 times family incomes.

 

These are down from the peak of 4.2 reached in the bubble year 2005, although they remain above the 2.8 figure that prevailed in the 1980s, when housing sold at a brisk pace.

 

But home prices don't have to get down to 2.8 times incomes to kick-start the market. A bit over three times might do it. Remember, incomes are still rising, so home prices don't have to fall as much as you think before buyers decide that they can once more afford the home of their dreams. Sooner or later, the fact that housing is more affordable will sink in.

 

That's when the market will turn. And, no, my home is not for sale.

I attended your webinar two nights ago and enjoyed it thoroughly. Being in the business (mortgage side) your homestudy seems like good training to approach homeowners and talk the talk… so I look forward to being successful off the principles you will teach.

May 28 (Bloomberg) -- Orders for U.S. durable goods excluding cars and planes unexpectedly rose in April, signaling that international customers are helping factories ride out the economic slowdown. Excluding transportation orders that tend to be volatile, bookings for goods meant to last several years rose 2.5 percent, the most since July, the Commerce Department said today in Washington. Total orders fell a less-than-forecast 0.5 percent.

Exports are keeping the economy from shrinking.. ``Here we really see that the effects of a weaker dollar are in fact giving us a lot more juice in this economy than we had expected,'' Anthony Chan, chief economist at JPMorgan Private Client Services Group, said in an interview with Bloomberg Radio. ``When the economy weakens you tend to see the manufacturing sector also weaken,'' though ``this time around, we're not seeing that,'' he said.

Companies that export have continued to grow during the current slowdown in growth. A shrinking trade gap added 0.2 percentage point to first-quarter economic growth, according to Commerce Department figures.``We have a multiple-engine world economy, with the euro zone holding up and parts of Asia doing quite well,'' said Kenneth Broux, an economist at Lloyds TSB Group Plc in London, who had forecast a gain in durables orders excluding transportation. ``Manufacturing is certainly defying the more pessimistic view out there.''

The report will be welcome news to Federal Reserve officials, who have said they were concerned about the prospects for business investment. Policy makers lowered their 2008 economic growth projection by about a full percentage point to 0.3 percent to 1.2 percent, according to the minutes of their April 30 policy meeting released last week,

Interesting stuff and important to understand. Its not hard to find bad news on the economy or housing markets. We are not in strong growth times. And the "easy money" where you can be a lazy investor who pays full market value and lets the market make your profits for you, is nowhere in sight. Now, those with the right skills and tenancity who do not try to "time the market" ARE making great deals buying foreclosures at BIG DISCOUNTS from current market value and then reselling instantly, putting cash in the bank. And they can do this without using any of their own money, or needing to deal with the conventional mortgage market.

Wondering how this is being done? Find out TONIGHT in my FREE Webinar and Live Conference Call at 6pm PST (9pm EST) where I discuss the above and more. I am just about out of FREE SPACE so do not wait. CLICK HERE NOW.