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April 2013



The turn of the tide

April 30, 2013 – Comments (4)

I recently had a chance to view a home refi close up.  This was an FHA streamline refi: jumbo, low-down-payment on the original 30 year fixed loan which was 3 years old and originated with both a Federal and State first-time buyer credit.  [more]



AAPL valuation

April 17, 2013 – Comments (31)

Apple reported $44 in earnings over the last 4 quarters.  The current stock price is $400 and they have $140 billion in cash on hand.  They pay approximately a 1% dividend, maybe a hair more, maybe as much as 1.5% dividend yield at this depressed price, but let's just say 1%.  [more]