Now we know.............

The democrats did it!?

Fannie Mae Eases Credit To Aid Mortgage Lending

By STEVEN A. HOLMES

Published: September 30, 1999

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.

Why Rudd really went to America this week?

George Dubbya is holding an intimate farewell get-together for teh Coalition of the Willing and Prime Minister Rudd is invited.

Although The Canberra Times and presumably his press office has presented it thus:
"KEVIN RUDD may believe the Iraq war to be the worst foreign policy disaster since Vietnam but tomorrow he will join the US President, George Bush, and other leaders of the so-called coalition of the willing nations to honour those who have died."

It'll be alright on the night?

Newly-elected Clarence Valley shire councillor, Karen Toms, took time out to assure us all via The Daily Examiner yesterday that having a lucrative contract to manage two of council's caravan parks would not result in any problems with conflict of interest during her term in office.

It's all easy-peasy, according to Karen.

Cansdell crows before a false dawn over Broadcast Operations

Chattering down the tin can all the way to The Big Smoke, I heard that Nationals MP for Clarence Steve Cansdell is walking around the corridors of power with a big grin on his face.

Apparently he thinks that he has pulled a swifty by blatantly interfering in the Clarence Valley local government election campaign and lobbying to have Richie Williamson made shire mayor next Tuesday.

I wonder what Bill Caralis of Broadcast Operations Group thinks of the Nationals plotting to have his 2GF breakfast radio jock made mayor.

Mr. Caralis is on the record with Media Watch as not exactly favouring his employees being directly involved with politics as shown by his response over the Lismore mayoral election.

...should Mr Marks be elected to Council his future tenure at the station will be reviewed by 2LM management.

— Email statement from Bill Caralis (Chairman, Richard River Broadcasters) to Media Watch, 1st September, 2008

Perhaps Stevo should introduce himself to Mr. Caralis and explain just how the perception that a 2GF employee is aligning against Country Labor will not fritter away the fragile value of his company's donations to NSW Labor and other unspecified political donations.

Photo of publicity shy Bill Caralis found in the 2SM radio archives.

State of the Blogosphere 2008 according to Technorati

Technorati has published a State of the Blogosphere 2008 which reports that it has indexed 133 million blogs since 2002 and tracked blogs in 81 languages in June 2008, and bloggers responded to our survey from 66 countries across six continents.

This was a survey from a random sample from more than 1.2 million bloggers who have registered with Technorati.

Here are some of the results of this survey.

Demographics	U.S. Bloggers (N=550)	European Bloggers (N=350)	Asian Bloggers (N=173)
Male	57%	73%	73%
Age
18-34 years old	42%	48%	73%
35+	58%	52%	27%
Single	26%	31%	57%
Employed full-time	56%	53%	45%
Household income >$75,000	51%	34%	9%
College graduate	74%	67%	69%
Average blogging tenure (months)	35	33	30
Median Annual Investment	$80	$15	$30
Median Annual Revenue	$200	$200	$120
% Blogs with advertising	52%	50%	60%
Average Monthly Unique Visitors	18,000	24,000	26,000

Methodology data found here.

Walk to Work Day, Friday 3 October 2008

Time to get out those trainers or other sensible shoes and become a walking class hero for the day.

Friday 3 October is Walk to Work Day.

Join in to free up the arteries, stretch those lungs, relieve the traffic congestion and take time to notice the streets you travel.

How to participate here.