Sunday, November 26, 2006

PUBC Announces New Client Contract With Castleview Home Loans

PUBC Announces New Client Contract With Castleview Home Loans (SYS-CON Media)


Public Company Management Corporation (OTCBB: PUBC) announced that it has signed a contract with Castleview Home Loans, a 16-year-old mortgage banker and originator of first and second mortgages in California, Colorado, Idaho, Indiana, Louisiana, and Oregon.Under the contract, PUBC, through its subsidiaries GoPublicToday.com, Inc.,will provide management consulting services and advice to ., will provide management consulting services and advice to Castleview concerning various corporate and securities matters including Castleview's efforts to become a fully reporting public company.

This doesn't have a huge amount to do with the California market. Castle View is only a player in the second mortgage market in California. On the other hand a public offering is a big step for a company like Castle View. They don't have a huge presence in the sub prime market yet I question the timing of the announcement. Could they be going to the public markets in order to get the founders liquidity or do they need financing for other reasons.

Monday, November 20, 2006

Accelerating Mortgage Payments

Accelerating your mortgage payment is the quickest way to pay off your home faster. Most people have had the opposite approach to their homes, using them like an ATM. Flooding the market with cheap credit has driven up the price of homes which then has encouraged the same wealth effect that people saw with their stock portfolios with their homes. Needless to say the tables have turned and people begun to look to pay off their debt faster.

Accelerating your mortgage payment is easy. First pay off any seconds or home equity lines of credit first. The interest there is far higher. Then simply include additional payments toward principal. Simply including one additional payment a year will shave 5 years off a 30 year mortage.

Tuesday, November 14, 2006

James P. Giraldin Re-Elected to the Federal Home Loan Bank of San Francisco Board of Directors

James P. Giraldin Re-Elected to the Federal Home Loan Bank of San Francisco Board of Directors (Business Wire via Yahoo! Finance)



SANTA MONICA, Calif.----James P. Giraldin, President, Chief Operating Officer and board member of First Federal Bank of California, the wholly-owned subsidiary of FirstFed Financial Corp. and the third largest Los Angeles-based financial institution, has been re-elected to a three-year term beginning January 1, 2007 on the board of directors of the Federal Home Loan Bank of San Francisco.

Which is good to hear. James is a good guy and his experience and work at FirstFed should help on the Board of the Federal Home Loan Bank of San Francisco. They face a number of challenges there including a number of foreclosures in the East Bay.

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