Dear Don ….
D
ear Don,
Lincoln and Twain and others are reputed to have said “ better to remain silent and be thought a fool then to speak out and remove all doubt ”
You proved yourself to be that fool last evening.
Are you really so ignorant of the nuances of American law so as to think you could have removed a member of an advisory board charged with “representing the community’s interest” because you and your Chamber buddies sensibilities have been offended, on nothing more than a one sided diatribe, relying on a 3-2 kangaroo vote of support from Green and Kennedy who BTW seemed so excited by that prospect that he about fell out of his chair in seconding your motion.
You have proved once again that you are not ready for prime time because what you have unwittingly unleashed is a process in which just cause to a written bill of particulars must be found in a public hearing in which the person charged must be afforded every opportunity to defend themselves against your scurrilous attack.
It should be most entertaining watching you find cause to dismiss the most active member of the ABAB while not taking notice of Sleeper Candidate Laney who has missed 30 % of ABAB meetings and rarely does enough homework to ask a question much less pursue an issue — AGAINST a backdrop of every instance of obfuscation regarding the financial nonfeasance of the Kisela administration that have cost taxpayers dearly, AND which I did my level best to bring to your attention time and time again only to find that you failed to hold the Manager responsible and accountable for fixing anything.
Make no wonder you want to shoot the messenger.
The only observation I will make on your 4 page diatribe at this time deals with your belief that I owe someone an apology. Perhaps I do and I tell you what. I will be happy to make that apology right after City taxpayers who were bilked hundreds of thousands of dollars receive an apology from the people who helped themselves to those ill gotten gains in that payroll ‘misunderstanding’, AND RIGHT AFTER you apologize to those same taxpayers for allowing the Manager to sweep that whole matter under the rug.
Shame on you.
Ted Noftall
BTW whose water were you carrying when you stumbled and bumbled through a document that you could not possibly have written yourself ??
Possible conspiracy broadcast on local TV
What a bunch of idiots.
3 players are on the Port Orange Council Dias on video and cable TV displaying in full view of all in what appears to be conspiracy to violate Florida’s Sunshine Laws.
1) Don Burnette is reading from a document that seems obvious that he did not prepare.
2) Dennis Kennedy seems to know about the plan and second’s the motion within seconds without even thinking.
3) The city Attorney was sitting there with the city code book already opened to the page with the requirements for removing city board members WTF
The only smart one in the bunch was Mayor Green, he was sitting there with a look of: “I know nothing” about any conspiracy.
I request that the owner of this blog make a copy of that video available for all to see for themselves
I second that. I have done a survey of citizens and so far I have 2 handfuls of people who felt as though they witnessed the same. It is bad enough we have people making 6 figs bailing without explanation…..(or is there an explanation?) but when Burnette tries to take out it out on one single man who is bringing wrong doings to light….It make me believe he has things to hide. Hey Burnette, why did Chief Pozzo resign? Do tell. There are quite a few witnesses of you running your trap……LOOK AT ME I KNOW I KNOW, however when questioned you claimed it would be to embarrassing to him to speak of. LOL What a good secret keeper you are. Well half ass.
I posted a video of that segment of the city council meeting. See it at http://www.popdradiolog.com/hanks-u-tube-videos/video-burnette-calls-for-removal-of-citizen-chairman-board/
I blogged before as angry senior and I am still an angry senior. Ted Noftall has done an exemplary job uncovering gross mismanagement in our fair city. At times he has come on a little strong but guess what?
That apparently is the only way to present yourself with this council.He’s not an ass kisser, he doesn’t mince words, he asks pertinent questions and receives NOTHING, NOTHING for his efforts to see that Port Orange taxpayers get a fair shake. He’s working FREE for the taxpayers and I for one like his style.
After watching this weeks council it was obvious to this old gal that a.)a host of old hasbeen’s (ex/mayor and b.)a wannabee council candidate came forth to try to discredit Ted. Why? Because he is a pain in the ass to Mayor and Council…he is asking questions that require answers and they are not used to doing any work or being questioned…..just collecting their pay at the end of the year at the taxpayers and my humble expense. Our only hope is that we get an honest council next year and a decent City Manager…we can only hope.
This is all about a personal vendetta, politics and a dysfunctional council
Ted,
Have you been calling and e-mailing city employees?
Can you post the e-mails you have been sending to city employee’s?
How are the Jacksonville Jaguars doing Freida?
Onlooker 2, I get many of Ted’s e mails. I post all of them, but sometimes just provide a link to this web site, Pat’s web site, if Pat by chance posted an e mail from Ted before me. I have seen and posted many of Ted’s e mails to city administrators but I do not think I ever saw an e mail sent by Ted to a front line employee of the city. If you have such and would like to get it posted on my web site, send it to me at poimages@outlook.com hank springer editor/publisher http://www.popdradiolog.com
Onlooker 2 I copy Pat Nelan and Hank Springer with all my e-mails and to my knowledge they have all been posted on these blogs.
Mr. Burnett if you thought Ted Noftall was going to run out of council crying after your attack on him you’ve got another thing coming. Ted’s too tough an adversary for you. You were the one who was obviously nervous and quaking.
Maybe he should quake when Ted is his Mayor. LOL
Were’s Burnett? He must be hiding under his desk because we heard nothing more from him since he broadcast that diatribe against Mr Noftall that was prepared by the Mayor or someone else.
I originally voted for Don but now I realize that was a big mistake. In recent months it has become obvious that this big bag of wind has never found a new tax increase that he did not fall in love with.
At the recent 2015 tax proposal council meeting Councilman Ford pushed hard to keep this years city tax at the same amount as last year. At first his proposal looked like it would gain some traction with some of the other councilmen. But then blowhard Don got up and pushed his proposal to increase our city taxes by 3.6%
Thanks Don – but like what the Mayor likes to say = YOUR THROUGH as far as I am concerned
Loan Origination Fee
Loan origination refers to the initiation and completion of the home loan process, which begins when a borrower submits their financial information to a bank or mortgage lender for loan processing.
Depending on documentation type, a borrower will have to supply certain credit, income, asset, and employment information to a specified bank or lender to initiate the underwriting of the loan application.
Along with that, the borrower will have to sign forms that allow the mortgage broker (if applicable) and bank or lender to pull a credit report and release information about the borrower.
Once the information is submitted to the appropriate bank or lender, an underwriter will decision the application, either approving, suspending, or declining the loan.
To sum it up, loan origination is simply the creation of a mortgage. It may begin with a phone call, an e-mail, a mortgage rate quote, or a referral from a real estate agent.
Loan Originators Are Salespeople
So who’s behind all this loan origination anyways?
Well, loan originators of course. They’re also known as loan officers, mortgage brokers, loan specialists or simply salespeople. Or some other cute name a company comes up with like “loan hero” or “loan scientist.”
These originators may work on behalf of individual mortgage brokers, or for large retail banks that originate thousands of mortgage loans each month. (See mortgage brokers vs banks).
Either way, their main job duty is to get you in the door and persuade you to apply for a mortgage with them, whether it be a purchase money mortgage or a refinance.
Now this isn’t to say that they’re pushy salespeople, it just means their highest priority is “getting a sale.”
They can also be quite helpful in guiding you through the home loan process, largely because both your incentives and theirs are aligned. You want your loan to close and they get paid when it does. So everyone is on the same page.
The fees associated with the origination of a loan are called, you guessed it, loan origination fees. They are typically broken down into mortgage points, which are expressed as a percentage of the loan amount. So if the loan amount is $100,000, and you see a $1,000 loan origination fee on the paperwork, the bank or broker is charging you one (1) mortgage point.
This “loan origination fee” is paid to the loan officer or broker who initiates and completes the loan transaction with the borrower, and is only paid out if and when the loan funds. This fee is basically the originator’s commission for getting you a loan. Some originators may tell you that it is paid to cover loan processing/application costs, though it’s pretty common to pay those AND the loan origination fee. Go figure.
Average Loan Origination Fee
In the mortgage world, it’s hard to provide universal answers, seeing that mortgages can differ tremendously. The loan origination fee can vary based on who you decide to work with, and how complicated your loan is. If you’ve got a cookie-cutter loan that you can get anywhere, this fee should be low. The opposite is also true. Either way, the loan origination fee is negotiable! And it can be offset using a credit.
If I had to throw out a number, I’d say the most common origination fee is 1% of the loan amount, which many banks will include in the fine print next to their advertised rates. Wells Fargo used to include this exact disclaimer on their mortgage rates page, but it has since been removed.
Also note that for smaller loan amounts, a larger loan origination fee will need to be charged, seeing that it’s expressed as a percentage and won’t go nearly as far as a similar percentage on a large loan.
Brokers and banks may not even charge a loan origination fee directly to the borrower, depending on the terms of the deal. A true no cost loan doesn’t include a loan origination fee paid for by the borrower because it’s an out-of-pocket expense.
However, this means your interest rate will be higher as a result (lender-paid compensation), all else being equal. Loan originators have to make money somewhere, so if it’s not being charged on the front-end, they’ll make up for it on the back-end.
Either way, all fees should always be fully disclosed on the Good Faith Estimate and HUD-1. Pay close attention to this figure to see exactly what you’re being charged, whether paid out-of-pocket or via a higher-than-market interest rate. Most upfront banks and brokers will charge 1-2% of the loan amount, although this can vary. If you shop around, you may be able to avoid the loan origination fee altogether, and get that low rate you’re after!
Lastly, compare the origination charges, all lender fees, AND your interest rate among different banks and lenders to get the complete picture. Looking at just one or two of these figures won’t provide an accurate assessment.
Tip: Don’t confuse loan origination charges with discount points, the latter being what you pay if you want to buy down your mortgage rate, which is totally optional.
Here is an advertising promotion for any lucky mortgage broker that might have connections and get awarded the offering of preferred financial services for the future sales office of the Lacour Riverwalk Tri-Tower Condominiums.
http://www.bing.com/videos/search?q=Youtube+Preferred+Condominium+Financing&qpvt=Youtube+Preferred+Condominium+Financing&FORM=VDRE#view=detail&mid=765B1CF48EA992513770765B1CF48EA992513770
We are connecting the dots and I think we’ve got your number Don. If we are wrong please come out of hiding and let us know. At least Dennis responded.
Appears at this point that board reappointment is up in September and this this issue may die quietly as they just don’t reappoint Ted.
Another possibility is the abolishment of the ABAB board.,