Decision By Regulators May Have Big Impact On Mortgage Rates And Products

A decision by government regulators on an obscure issue next month could have a big impact on mortgage rates and home loan products available to borrowers.

Under the Dodd-Frank Act that overhauls regulation of the country’s financial system, mortgage lenders must share losses on their loans. But if their mortgages are deemed safer “qualified residential mortgages” they don’t have to have their skin in the game.

Mortgage products that don’t fall into the qualified residential mortgage category will probably have higher mortgage rates and tougher qualification standards for borrowers.

Congress, which typically doesn’t get into the details of the laws it makes, didn’t define a qualified residential mortgage. Instead, it left it up to regulators, who are now grappling with the issue.

Regulators, expected to reach a decision next month, have been getting an earful from lenders, investors and housing advocates on how to define qualified residential mortgages. Most groups agree to exclude the riskiest mortgage product like negative amortization loans, but beyond that, they disagree on what to call a safe mortgage.

Regulators have a lot to think about. Take down payment amounts, for instance. A recent article by MarketWatch says large banks want a large down payment requirement of 30 or 20 percent. Small banks want a small down payment requirement of about 5 percent, and housing advocates want to allow even smaller down payments of 3 percent.

Credit scores, income to debt ratios, length of employment, and the amount of documentation are some other factors to consider.

Depending on the regulators’ ruling, many mortgage products or just a few will be defined as qualified mortgages and be exempted from risk sharing requirement. Criteria that are too strict will risk barring many borrowers from low mortgage rates, but if guidelines are too loose lenders might be free to again make risky loans.

When the real estate market bubble was building, some mortgage lenders gave risky, exotic home loans to borrowers, then bundled the mortgages into bonds that were sold to investors who took the hit when borrowers defaulted. The theory is that lenders will be more cautious about making riskier loans if they retain part of the risk, or have skin in the game.

In addition to bank regulators, the Treasury Department, the new Financial Stability Oversight Council and the new Consumer Financial Protection Bureau will be involved in creating the rule.

Advocate Flea Control – Because Pet Health Maintenance Includes Flea Protection

One recurring problems for some pet owners is flea infestation. What problems do the dog face? Blood loss, allergy dermatitis, secondary infection for raw skin patches, and the potential to transmit diseases to humans. Knowing that diseases from these infestations can affect people, parents can be naturally worried. You need to do something. To the list of pet health maintenance activities pet owners do – pet bathing and grooming, routine house cleaning, vet check ups – one should add finding a flea control and treatment solution that works in the long run. Advocate Flea Control is one the most recommended treatments, for very good reasons.

What’s different (and convenient) about Advocate is that it’s topical – you use it on your dog’s skin; it’s unlike taken-by-mouth solutions. Oral solutions include tablets and chewables – the former to be grinded and mixed with pet food, the latter supposed as tasty as pet food itself (if the dog does eat it, that’s well and good). There are some reasons why many pet owners choose topical over oral. They can’t be blamed – no one wants to spend for a treatment mixed into pet food that the pet refuses to eat; by then, force feeding becomes a logical next step.

Parasites addressed by Advocate Flea Treatment

Advocate effective kills parasite infections your dog has prior to treatment (these include fleas, heartworm, various gastrointestinal worms, nasty ear mites, demodex, and even Sarcoptic Mange), provides continuous protection (one month), and shields your pet from re-infestation. It also comes in an easy to use tube. Advocate kills flea larvae residing in your pet’s vicinity, so it curbs the chances of both re-infestation and cases of Flea Allergy Dermatitis.

Your pet needs good parasitic coverage and protection, and Advocate’s active ingredients – Imidacloprid and Moxidectin – provide exactly that. Moxidectin, one of the ingredients, quickly finds its way into your pet’s bloodstream, right after absorption through the pet’s skin. This ingredient protects your pet from heartworm infection if Advocate is used monthly. The same month-long protection also includes protection from gastrointestinal worms – hookworms and roundworms. Advocate also controls annoying ear mites and prevents the onset of a skin condition known as Demodex.


Advocate is safe enough to use on young pups 7 weeks old. Still, some dogs may react badly to this treatment. Advocate may cause some allergic reactions in some animals, it’s rate but it does happen; so here are some reminders. Do not administer said treatment if you know your dog has allergic reaction to the active ingredients in Advocate. Also, be sure to have your dog checked up by a vet if you have doubts. During the period after you administer treatment, you should watch your dog for allergic reactions that might ensue.

Treadmill Rating – What You Must Know Before Reading Treadmill Ratings

Getting an accurate treadmill rating is always very important before buying. Quite simply, which machine you purchase makes a huge difference.

Some treadmills are just built for the casual walker, whereas others can stand up to someone training for a marathon. Therefore, which you select makes a lot of difference.

With any large purchase you are going to make, doing research beforehand is very important; treadmills are certainly no exception. Since they cost a lot of money, it’s imperative that you get the most bang for your buck.

There are many models to decipher from, so choosing the best one is no simple proposition. While I can’t review every treadmill in this article, I am going to reveal how to get the most benefit out of going to a treadmill rating site.

One thing you MUST know before buying

The first thing you need to do is to first think how often you or others will be using the treadmill, and in what way, whether it be running or walking.

The answers to this will determine which machine you go after. If you are just looking to drop a few pounds, and will not abusing it, then you probably will not need a top of the line model. Therefore you can look to save some money.

Believe it or not, you can shell out up to five grand for a top of the line treadmill, and as little as several hundred dollars for a bargain basement model. I would advocate you get something around one thousand minimum if you are only planning on walking and fifteen hundred if you plan on running.

What to look for on review sites

Regardless of which kind you choose, the first and foremost thing is to buy from a company you’ve heard of (or at least can find information about) and has a solid reputation. If you’ve never heard of them, or can’t find any info about them online, then avoid them.

While you probably can save money with them, you have no idea what kind of quality you are going to get. If you buy a lemon, it can end up costing you two or three times in the long run what a more expensive model might have.

Another important thing to look for on a treadmill rating site is the length of time the warranty covers. I would strongly advocate you search for a one to three year warranty for parts, and lifetime for the frame. You can even find better ones than this if you look hard enough, but this is about the minimum I would shoot for.