Attention to Details
October 29, 2020
It is always nice to hear good things about your company…
In my previous life
When we were looking to make a major purchase or an upgrade
I always made it a point
To get as much information as possible
I was not looking to be sold
I was looking to be educated…
Who would be the most qualified…
To implement the program or vision
We were looking to achieve
I never a fan of long-winded explanations…
Just give me the facts…
We were always looking for…
An Apples to Apples comparison…
This is the best way for you can make an objective decision
If a presentation leads to more questions
Then answers…
That can be disheartening
Okay Hutchie….Just what are you trying to say…
Recently I was delighted
When a client complimented HBS
On the completeness of our presentation
They were upfront in telling me that…..
They had interviewed other consultants but…
Found their presentations to be confusing….
Always leaving more questions….then answers…
They found the HBS presentation to be self-explanatory
It told them all the information they needed to know
They liked our attention to detail
Our goal has always been…
To build a relationship while educating our clients
People like to deal with people they…
Know…
Feel comfortable with and…
Can Trust
Building trust in our relationships
Is our primary goal
We are here to serve…
As 2020 comes to a close…
Companies are putting budgets together for next year
Do not take for granted
That what your spent last year is…
The cost of doing business
Yes…You may be making money but…
Do not let that provide a comfort level
As business continues to evolve
There are many opportunities to…
Lower costs and increase efficiencies
On many items we all take for granted
As the cost of doing business
HBS has been providing
Smart solutions for Smart Business
For over 20 years
We invite you to be our next success story…
Every Day is a Gift
Thank you for your continued referrals
Fed Sees Turmoil Persisting Deep Into Next Year
July 9, 2008
WASHINGTON — Federal policy makers have concluded that the turmoil plaguing the housing and financial markets is likely to spill deep into 2009, becoming one of the most significant domestic problems to confront the next president when he steps into the White House in January.
Ben S Bernanke, the chairman of the Federal Reserve, publicly indicated on Tuesday that he believes the problems will persist into next year when he outlined a series of steps the Fed is considering in the coming months.
One such step would extend low-interest lending programs to Wall Street’s largest investment banks into next year. The programs, one of which was set to expire in September, can continue only if the Fed issues a finding that there are “unusual and exigent circumstances” that justify them.
Mr. Bernanke also recommended that Congress grant the Fed broader authority to monitor and supervise the financial markets to assure greater stability in the future. But with time running out on this session, lawmakers are unlikely to adopt such legislation before next year.
Treasury Secretary Henry M. Paulson Jr. said in a speech last week in London that the problems of the housing and financial markets might last longer than originally expected.
He followed up in another speech on Tuesday by saying that the Bush administration was working to prevent as many home foreclosures as possible, but that “many of today’s unusually high number of foreclosures are not preventable.” Mr. Paulson said 1.5 million home foreclosures were started in 2007 and that an estimated 2.5 million more would take place this year.
Still, the markets seemed reassured that Washington officials were redoubling their efforts to resuscitate the weak housing sector, despite the downbeat comments. The Dow Jones industrial average, which has fallen sharply in recent weeks, closed up 1.4 percent, or 152 points.
Mr. Bernanke said that the Fed would issue next week long-awaited rules to restrict new exotic mortgages and high-cost loans for people with weak credit. Such mortgages have been a central cause of the current market problems.
The Federal Housing Administration will also begin an expanded effort next week to help a larger group of troubled homeowners refinance their adjustable mortgages. Under the plan, homeowners would be eligible to refinance even if they have missed up to three monthly mortgage payments over the previous 12 months.
Homeowners who have fallen behind on their payments because of job loss, declining wages and family illness would also be eligible, even if their rates have not increased. Homeowners are now eligible only if they were current on their mortgages before their interest rate was adjusted upward.
For its part, Congress is close to completing legislation on a $300 billion foreclosure-rescue plan that would help troubled borrowers refinance into more affordable loans insured by the federal government. The Senate is expected to approve a measure by next week.
The Fed created the lending programs to Wall Street in March as part of a broader effort to prevent financial institutions from collapsing, as Bear Stearns nearly did before it was sold under heavy pressure from the Fed and the Bush administration to JPMorgan Chase.
The lending programs to the investment banks, a broad expansion of the Fed’s historic practice of providing loans only to commercial banks that the Fed supervises, are intended to provide confidence to financial institutions that they will have enough cash to meet their daily needs. And by permitting investment banks to post collateral for Fed loans, including hard-to-sell financial instruments backed by mortgages, the programs have helped prop up the enormous and troubled market in securities sold by Fannie Mae and Freddie Mac, the all-important mortgage-finance companies.
The two buyers of mortgages, which together held more than $1.4 trillion of mortgage-backed bonds as of the end of last year, have struggled in recent months through the wave of foreclosures and declining housing markets. On Tuesday, Fannie Mae closed up nearly 12 percent, and Freddie Mac rose 13 percent, after their regulator said he would probably not force them to raise more capital because of an accounting rule change. The shares of both government-chartered companies had tumbled on Monday amid concerns over the accounting rule and worries that the worst of the mortgage crisis was yet to come.
Officials said that the Federal Reserve remained concerned that the declining housing market would not reach its bottom and financial markets would not become more stable before some time next year, and that the economy would continue to suffer as a result of declining consumer confidence, a sluggish global economy and the widespread effects of the rapid jump in oil prices.
“The financial turmoil is ongoing, and our efforts today are concentrated on helping the financial system return to more normal functioning,” Mr. Bernanke said at a forum in Virginia on lending for low- and moderate-income households. He did not provide a forecast of how soon he expected markets would begin to turn.
“Although short-term funding markets remain strained, they have improved somewhat since March,” Mr. Bernanke said, reflecting both the intervention of the Fed in offering loans to Wall Street and “ongoing efforts of financial firms to repair their balance sheets and increase their liquidity.”
In his speech in London, Mr. Paulson emphasized that the financial markets have yet to adapt to the changing climate. “Working through the current turmoil will take additional time, as markets and financial institutions continue to reassess risk, and re-price securities across a number of asset classes and sectors,” Mr. Paulson said.
The Federal Housing Administration’s expanded program to help more troubled homeowners refinance, called F.H.A. Secure, was announced in April at a time when fewer than 2,000 homeowners at risk of foreclosure had been helped by it. Housing Secretary Steven C. Preston said the expanded program would help an additional 100,000 borrowers in crisis by the end of the year. So far, more than 260,000 homeowners have refinanced through the program, the vast majority of them people who have paid their bills on time. Mr. Preston predicted that 500,000 families would be helped by year’s end.
Mr. Preston warned, however, that F.H.A.’s efforts could be derailed if Congress passed housing legislation that failed to safeguard the agency’s financial stability. He said he was concerned about efforts to eliminate the agency’s plans to use risk-based pricing, which would allow F.H.A. for the first time to charge higher mortgage insurance premiums to borrowers viewed as presenting a higher credit risk.
He said he was also concerned about efforts by some lawmakers to maintain an agency program in which the seller finances the down payment on a mortgage. The program has suffered high delinquency and foreclosure rates in recent years, and the F.H.A. hopes to eliminate it.
If the Senate, as expected, adopts housing legislation by next week, differences need to be ironed out in the House, which approved a similar measure in May. Though the White House has expressed some willingness to negotiate, the administration has not rescinded a veto threat.
Are you caught up in the fever?
March 11, 2008
Turn on the TV, we are being blasted 24/7.
Obama….Clinton….McCain
Who said what today.
How do you think the other candidate will respond?
Throw the kitchen sink at him,
if that doesn’t work throw the toilet.
He has no experience,
Is being first lady count as experience?
He is more of the same.
However you want to phrase it, we seem to be having problems.
My oldest son, George IV just went to Europe, exchange rate 1.52 “ouch”!!!
Oil prices have topped $109 a barrel!
They are saying we’ll see $4.00 gas this summer
Foreclosures are at an all time high!
Meanwhile the value of our houses’ keeps falling,
Down 10% – 20%, depending on where you are located.
What is the answer?
Do we wait for the new President to be elected?
The answer lies with you.
You must create the opportunities that will help you sustain thru these difficult times.
Hutchinson Business Solutions creates opportunities to provide savings.
We just don’t look at things and ask why,
We ask why not!
Don’t be caught up in the same day-to-day business cycle.
Difficult times command “Bold solutions!”
Thinking “Outside the Box”
Current economic situations present a call to action.
We are just not looking for way to sustain.
We provide solutions that allow you to prosper and grow.
Catch the fever!
Call 856-857-1230, to learn more about opportunities available for your company.
Hutchinson Business Solutions…Your CFO on the Go.
Creating opportunities today … Defining profits for tomorrow.
Hutchinson Business Solutions 