Big, Lazy Beast?

We've already established that he's big and he's hungry. We also know that, like Pavlov's four legged, snouted companion, he's predictable in his response to the dinner bell. He's our big, lovable lender and without him...well, home just wouldn't be the same sweet home--on the range, or otherwise.

But just because he moves a little slower these days does not necessarily mean he's lazy. He's been on a diet after all, and is only trying to conserve his energy and look presentable for the Holiday Season and beyond.. (Easy on the wassel and sub-prime bisquits, big guy.) The new, and soon to be improved beast, has resolved to be a much pickier eater in 2008 and will emerge, a much better man's best friend as a result.

There's a concept I came across recently called Lazy Money. Who knew? Apparently, it has to do with a form of aggregate currency just laying around waiting to be scooped up and buried into the Real Estate backyard with the rest of the bones. Its aroma has the same allure that drew overseas investors in droves into our secondary mortgage market (Freddie Mac, of course, notwithstanding) with the promise of slobbery sweet returns and a bite of mom's apple piechart. But those dog days have come and gone forever, I fear; no more lounging around on expensive furniture waiting for investors to call; no more 5 minute, or better yet, drive-by appraisals by those once overburdened, third party scribes, now relegated to the lending industry dog house; no more dirty deals with pumped up projections and unlimited upside.

He may be slow, and he may be stout but can that dog still hunt? Let's ring the dinner bell, (the equivalent of spotting a squirel in a fat dog's world) and see if he drools. I have a nonconforming client with 5% down and 650 credit. Any takers?

Geno Petro

the image is my dog