Tuesday, September 18, 2012

Fannie Mae Allows Liquid Assets in Lieu of Income

BY LINDA IVANOV for Mortgage Capital Associates | Sept 18 2012, 8:30AM
 
In a move to help more borrowers qualify for refinancing, Fannie Mae has released new guidelines governing its Refi Plus program. Borrowers and lenders have expanded alternatives for documenting income. Certain liquid financial reserves will now be accepted as verified income. This alternative will apply to loans where the new payment will increase less than 20 percent. The Refi Plus program is available for Fannie Mae to Fannie Mae refinances.
Accepted documentation can come from liquid reserves such as bank accounts, money markets, stock accounts, retirement savings accounts, or certificates of deposit. These assets must be documented with at least one recent statement. The new Selling Guideline also addresses streamlined verification of qualifying rental income for investor owned property.
 

Saturday, September 8, 2012

Not Just Another Zucchini Recipe

As summer comes to a hot and humid end, this dish is a light, refreshing and tasty addition to the menu. It features fresh zucchini and tomatoes from the garden. If you are like many home gardeners, by the end of the season you are challenged to find interesting new ways to prepare that relentless harvest of zucchini. Solution: substitute pasta with zucchini for a new twist on a traditional dish. Use a vegetable peeler to make pasta-like strips of zucchini.
This intriguing recipe was featured on a cooking show, but my friend and I only caught part of the broadcast. So, we decided to just follow our instincts, tackle the recipe, and improvise. The result: scrumptious! Best of all you can experiment with your own variations by adding your favorite seafood, meat, or other ingredients. We added a pound of fresh grilled shrimp to our dish. The result: divine!
Zucchini “Pasta” with Fresh Tomato Sauce
6 large zucchini squash
8 large tomatoes
½ red pepper thinly sliced
½ red onion thinly sliced
1 tsp. sea salt to taste
1 tsp. black pepper to taste
2 small garlic cloves minced
1 tsp. fresh chopped parsley
1 tsp. fresh chopped basil
1 tsp. extra virgin olive oil
½ cup of fresh grated parmesan cheese
1 tsp. of garlic powder
Optional, Panko bread crumbs
Optional, fresh seafood or meat for the non-vegetarians

Special equipment: You will need a ricer or food mill and a large slotted vegetable peeler to start.  Once you have assembled the right equipment and your ingredients preparation is easy and quick. 
Place tomatoes in a large pot of boiling water to blanch (about 10 minutes, don’t overcook). After blanching, dip tomatoes in a coldwater bath to easily remove the skin.  After removing the tomato skins put the tomatoes through the ricer or food mill collecting the sauce into a bowl below. Toss the residue left in the ricer or mill.
In a saucepan sauté the minced garlic in olive oil.  Add thinly sliced red pepper and sauté until soft.  Add onion and sauté until transparent.  Add tomato sauce, chopped basil and parsley. Cook together on medium flame for 30 minutes, reduce flame to low, add salt and pepper to taste and cook gently for another 20 minutes. This makes a light, flavorful sauce.
Wash zucchini, dry and remove the skin using a vegetable peeler.  Once the skin is removed run the peeler the entire length of the zucchini to create strips and place strips in a bowl.  This becomes your “pasta.” Continue stripping until you reach the seeds then discard the rest of the zucchini.  Once all of the zucchini are striped, add olive oil, salt, pepper and garlic powder, toss to dress the zucchini “pasta.” 
Spray a saucepan with vegetable oil spray or use more olive oil; add zucchini and sauté until lightly tender. Remove zucchini and place on platter, pour tomato sauce over zucchini, dust with grated parmesan cheese, grated black pepper, optional Panko bread crumbs, and serve.
You may want to add shrimp, scallops, or your favorite white fish, cooked separately. Lighter white meats go well with this recipe. We used ground turkey in a second version. Experiment with your own ingredients for a tasty and healthy main dish or side dish. Just don’t use the last of your garden’s harvest, you will want to make this recipe again!

LinkedIn Starting to Look a Lot Like Facebook

A major redesign of LinkedIn's interface is rolling out this week. Several large companies with early access have adopted the new streamlined look. Immediate reaction ..... it looks a whole lot like Facebook Timeline! 

There are a bunch of things I like about Facebook that are being adopted by LinkedIn in this upgrade. LinkedIn has always been the clunky "wanna be" from my viewpoint. 

I never saw the value of linking to friends I already have on Facebook, or linking to people in my company Outlook address book, creating just another feed of information in my busy day. 

I never saw the reason to create a profile that is essentially my resume. If LinkedIn changed personal profile capabilities to allow broader range info, I might buy in. That said I'm getting over my reluctance.

With this new interface the experience will become more visually appealing with photos, posts and comments capabilities that we are so used to on Facebook. Company pages can be targeted to the many business users who could care less about Facebook. Bosses will encourage employees to spend time on this social media tool. LinkedIn has been wise to focus on building their user base in the business world.

I've started using LinkedIn in my business research as I seek teaming partners to bid on projects together. LinkedIn is a great and growing source of interactive communication as it settles into being the go to site for business. Promoting a better designed and interactive company page capability will certainly draw more eyeballs to company profiles. Check out the early adopter pages for Phillips, Citi, and Expedia

OK, I'm sold, hitting the "like" button. A major step forward from the old links to a company website that not only took you away from LinkedIn pages, but where you could rarely find a list of staff you are trying to connect with. Maybe more people will join LinkedIn and companies will have an even greater presence for collaborative teaming. Now, companies, get past just posting job openings on your profile. Promote your whole company! For more information, navigate to LinkedIn's blog article here>>