[Kay Anne]

These are the main arguments for and against the abolishing of property tax:

Reasons for the Removal of Property Tax:

Economic Growth:

• Supporters believe that eliminating the property tax would help boost the economy.
• This would encourage investment in real estate, which in turn leads to economic growth.

Homeownership Accessibility

Removing property taxes would make owning a home possible for those in the lower or middle classes.

Fairness:

• Some argue that fixed-income earners are disproportionately affected by property taxes, as increased taxes make owning a home increasingly onerous in the face of rising home prices.

Encouraging Mobility:

• People who do not pay property tax will feel more inclined to move to new areas for work or personal pursuits as there are no tax-related restrictions.

Opposing Reasons for the Removal of Property Tax

Loss of Revenue:

• The property tax collects significant revenue, serving as a budget for schools and local authorities.
• Removing this tax would result in a budget deficit.

Increased Other Taxes:

• The government will be required to raise other means of taxation, such as sales or income taxes, which will grossly affect lower-class families.

Funding for Essential Services

The removal of property will ruin basic services such as public security, education, and infrastructural facilities.

Market Distortion:

• Removing property taxes may encourage speculation in real estate investments, ultimately increasing the cost of housing and lowering its long-term affordability.

Equity Issues:

• Some argue that property taxes help guarantee compliance from wealthier members of society in providing social services, establishing a level of civic responsibility.

These arguments highlight the essence of a complex debate that has devastating consequences for local economies and communities.

[Kay Anne]

TrIstyn Dewarrat’s message as an Account Executive at Champion’s Mortgage looks like a general announcement about Champions Funding guidelines or program changes. This indicates that the language has been used to appeal to colleagues or partners by hinting at the improvements, increasing their chances for better financial opportunities.

Here is a detailed analysis of the main points in this message:

Key Takeaways

Positioning and Excitement:

• Dewarrat shows passion for his role in this discussion.
• Champions Funding’s initiatives.
• By striking such a tone, she creates positivity and approachability.
• That fosters goodwill and engagement.

Focus on “New Guidelines”

The announcement hints at forthcoming revisions in guidelines, showing their relaxation or fine-tuning of current processes.

These may include:

• Enhanced product offerings: New loan programs or expanded qualifying criteria.
• Streamlined operations: Faster approvals, fewer hurdles, or simplified documentation.
• Improved benefits: Lower rates, increased commission opportunities, or better support.

Direct Appeal to Financial Impact

• The phrase ‘Especially your pockets!! Lol’ suggests that these updates directly lead to higher earnings.
• The higher earnings are through greater commissions.
• Wholesale account executives have commissions payable out of higher commissions paid out by lenders on advisory fees charged by brokers, more favorable loans to partner companies (B2B), etc.

COME AND SEE:

• Dewarrat creates suspense by urging the audience to ‘stay tuned.’
• Creating a platform for future announcements and keeping its stakeholders engrossed.

RECOGNITION OF SUPPORT

• The concluding remarks thank the audience for their ongoing support, fostering partnership and teamwork.

STAKEHOLDER IMPLICATIONS

For Loan Officers:

• Be open to new updates that can lower requirements or expand credit possibilities.

For Brokers:

• Look for new opportunities that bring in more clients or help you close deals faster.

For Clients:

• There could be a ripple effect, such as better loan terms and expanded product availability.
• Or easier qualification processes.

WHAT TO DO NEXT?

• Check out official communiqués from Champions Funding regarding this matter.
• Find contacts within the organization who can shed some light on specifics before it’s too late.
• Prepare marketing and operational adjustments once they publish new guidelines, if any.

This would be very useful if one were inclined to write or ponder this to enlighten their listenership on how such changes may benefit borrowers or partners.

[Kay Anne]

Yes. What happens The Serbian National needed to fly back to Serbja for two months because her visitor visa was going to expire, but she got a job offer from a large mortgage company. Can she easily get a work visa?

[Kay Anne]

Events of January 10, 2025

On January 10, 2025, several important events occurred in the United States, especially the ongoing SoCal fires, economic indicators, and national market performance.

SoCal Fires

This week has seen a dramatic rise in reports of wildfires in Southern California. Ten fatalities have been recorded as of now, with some 180,000 residents evacuated. Fires have destroyed large swaths of land, including affluent neighborhoods in Pacific Palisades and Malibu, causing severe damage to properties. Economic loss estimates have skyrocketed, with AccuWeather putting damages at up to $150bn. The state-run insurance program California FAIR plan is grappling with financial strain because private insurers are leaving it exposed by withdrawing services. According to analysts, these fires may be among the costliest ever in U.S. history, with insured damages exceeding $20bn.

Economic Indicators

In economic news, U.S. employers added more jobs than anticipated, reflecting continued strength within the labor market. This robust employment data stoked fears that persistently high inflation could precipitate higher interest rates for a long time, impacting market performance. Economists had projected a gain of around one hundred sixty-five thousand, but actual numbers exceeded this expectation, leading to market volatility.

The stock market received the employment report negatively, making major indices plummet. The S&P 500 fell by 1.5%, while the Dow Jones Industrial Average dropped by 1.6%. The Nasdaq composite also decreased by 1.6%. Stock prices were further burdened as the bond market registered surging yields, with investors struggling to make sense of a tight labor force’s impact on inflation and interest rates. This week, the Dow has dropped 1.9%, and the S&P is off 1.9%.

On January 10, 2025, disastrous wildfires occurred in southern California. Strong job market indicators posed a high inflation risk, resulting in very low stock prices as traders adjusted their positions in response to these economic signals.

[Kay Anne]

Becoming a licensed Mortgage Loan Originator (MLO) is an exciting journey, even if you’re coming from a different field! Here’s a step-by-step guide to help you get started:

Step-by-Step Instructions to Get Licensed

1. Meet Basic Requirements: Ensure you meet the basic requirements, such as being at least 18 years old, having a valid Social Security number, and not having any felony convictions within the past seven years.

2. Complete Pre-Licensing Education: You’ll need to complete 20 hours of pre-licensing education courses approved by the Nationwide Multistate Licensing System & Registry (NMLS). This includes:

   • 3 hours of federal law and regulations

   • 3 hours of ethics, including fraud, consumer protection, and fair lending

   • 2 hours of non-traditional mortgage lending standards

3. Submit an Application: Submit your application through the NMLS, including fingerprints for a background check and authorization for NMLS to obtain your credit report.

4. Pass the SAFE MLO Test: You’ll need to pass the SAFE Mortgage Loan Originator Test, which covers federal law, state law, ethics, and mortgage-related topics.

5. Get Sponsored by a Mortgage Company: Find a mortgage company willing to sponsor you. They will help you with the licensing process and provide training.

6. Maintain Your License: Complete 8 hours of continuing education annually to maintain your license.

Training Programs

There are several reputable training programs available to help you prepare for the licensing exam and get started in the industry:

• : Offers comprehensive training programs, including NMLS-approved licensing courses and exam preparation.

• OnCourse Learning: Provides online and live webinar courses for mortgage loan originator training.

• Mometrix Test Preparation: Offers practice tests and study guides to help you prepare for the SAFE MLO exam.

Getting Hired and Trained

To increase your chances of getting hired and trained, consider applying to companies known for their training programs:

• Large national mortgage companies: Companies like Quicken Loans, LoanDepot, and Fairway Independent Mortgage Corporation often have structured training programs for new hires.

• Local mortgage brokers: Smaller, local mortgage brokers may also offer training and mentorship opportunities.

Becoming the Best of the Best

To excel as a mortgage loan originator, focus on:

• Continuous Learning: Stay updated with industry trends and regulations.

• Networking: Build relationships with real estate agents, lenders, and other professionals.

• Customer Service: Provide exceptional service to your clients to build a strong reputation.

• Technology: Embrace technology to streamline your processes and improve efficiency.

[Kay Anne]

Here is Rod Blagojevich interview with Joe Rogan on how he was set up by Barack Obama and going to jail.

https://youtu.be/67W2lN2UqZM?si=beJdD5CQc9c0gsLb.

[Kay Anne]

To find the best mortgage interest rate for your situation, consider these steps:

1. Shop Around

Obtain quotes from multiple lenders to compare interest rates. This will give you a sense of the market and help you identify the most competitive offers.

2. Compare Offers

Look beyond just the interest rate. Evaluate other factors such as:

Fees: Origination fees, closing costs, and any other charges.

Loan Terms: Length of the loan, fixed vs. adjustable rates, and repayment options.

Prepayment Penalties: Understand any penalties for paying off the loan early.

3. Consider Your Financial Goals

Align the mortgage with your long-term financial plans. For example, if you plan to stay in your home for a long time, a fixed-rate mortgage might be beneficial.

4. Check Lender Reputation

Research customer service ratings and reviews for each lender. A lender with strong customer service can be invaluable throughout the loan process.

5. Work with a Mortgage Broker

A mortgage broker can help you navigate the mortgage market, access a wider range of lenders, and find competitive rates tailored to your needs.

6. Get Pre-Approved

Consider getting pre-approved for a mortgage to understand how much you can borrow and to show sellers you are a serious buyer.

7. Stay Informed on Market Trends

Keep an eye on interest rate trends and economic indicators that may affect mortgage rates, as timing can impact your final rate.

By following these steps, you can make a more informed decision and secure a mortgage that best fits your financial situation.

[Kay Anne]

As of January 21, 2025, the Pacific Palisades wildfire case in Los Angeles County remains ongoing. There is no evidence supporting the arrest of a CEO from a land development company in connection with the blaze. Nonetheless, some people have been arrested for arson and other crimes during this time.

Arson-Related Arrests

Jose Gerardo Escobar:

• Currently facing charges of felony arson, arson during a state of emergency, and attempted arson.
• He is accused of trying to set fire to a big tree in Pioneer Park.
• Jose could serve a maximum of nine years in state prison if found guilty.

LA COUNTY DA’S OFFICE

Unidentified Suspect in Azusa:

• Another person was arrested after accepting the fact that he set a brush fire in Azusa.
• People in the area saw him using a big flamethrower to set multiple things on fire.
• The Los Angeles County Fire Department put out the fire.

Impersonation and looting incidents:

Dustin and Jennifer Nehl:

• This couple was arrested for pretending to be firefighters in Pacific Palisades.
• Using a firetruck acquired at auction, they attended restricted areas during raging wildfires.
• To gain further insight, Dustin Nehl also has a criminal record in Oregon for criminal mischief and arson.

Multiple Looting Arrests:

• Some people were charged with residential burglaries in areas under Pacific Palisades and Altadena evacuation, which are looted frequently.
• As reported, Los Angeles County District Attorney Nathan Hochman revealed that nine claimed suspects are under felony charges.

Ongoing Investigations

The cause of the Pacific Palisades wildfire remains unclear.

Officials are looking into multiple possibilities, including arson, electrical failures, or environmental causes. A viral clip of some people close to the start of the fire has caused public speculations, but nothing official has been established yet.

To summarize, there have been multiple arrests regarding arson, impersonation, and looting during the wildfire event, and there are no confirmed claims about a land development company’s CEO being arrested in relation to the Palisades fire. The investigation is still active, so all leads are followed to identify where the blame can be placed for the fire, designed to cover the trace of the crime.

[Kay Anne]

Below are alternative revenue sources that could take the place of property taxes:

Sales Taxes

• Explanation: Raising the sales taxes on goods and services.
• Benefits: Residents and businesses can use it; therefore, value is not lost.
• Drawbacks: The low-income population may face additional burdens.

Income Taxes

• Explanation: State or local government collects income taxes.
• Benefits: Ideal for high-income earners as they have to pay higher taxes.
• Drawbacks: High-income earners and businesses may decline to move to higher-tax areas.

Corporate Taxes

• Explanation: Increasing taxes on the profits of corporations.
• Benefits: Large corporations that use the infrastructure will be taxed.
• Drawbacks: Businesses may move to regions with low taxes.

Consumption Taxes

Explanation: Something in which specific goods (tobacco, alcohol, luxury) have added tax.

Benefits: Spending is subjected to specific taxation, which can aid in promoting better health.

Drawbacks: Low-income people have to pay the same taxes, so targeted spending by income group does not work.

Fees and User Charges

• Explanation: Introducing fees for public services like waste management and water.
• Benefits: People who use the service pay for it fairly.
• Drawbacks: Not all public services may be adequately funded.

Land Value Taxes

• Explanation: Instead of buildings, charge for the value of the land.
• Benefits: This will reduce land speculation and promote healthy land use.
• Drawbacks: A change of attitude towards taxes is essential.

Tourism Taxes

• Description: Imposed charges on accommodation like hotels, car hire, and other activities like going to the zoo.
• Pros: Enables revenue capture from those who utilize local services.
• Cons: Revenue volatility is caused by seasonal shifts in tourism.

Carbon Taxes

• Description: Tax paid for the carbon released into the atmosphere to address global warming.
• Pros: Economically beneficial and tackles environmental problems.
• Cons: Political opposition and increased energy costs might be some consequences.

Sin Taxes

• Description: Tax levies are usually applied to illegal activities like gambling, drinking, and smoking.
• Pros: Generates cash in circulation while discouraging negative activities.
• Cons: In this case, revenue may be irregular and a consequence of the spending trend.

Given the area’s economic demographics and international relations in the years to come, all alternative strategies must be weighed against one another.