Don’t Forget to Fall Back

The long run of sunshine is over. That’s right, time to ‘Fall’ back! In case you hadn’t noticed, Daylight Saving Time (DST) was actually extended this year by an entire month–it began earlier last spring and ran longer into this fall. But, alas, all good things must come to an end…and this year Daylight Saving Time ends Sunday, November 4th.

The extra month that we enjoyed was actually the result of the Energy Policy Act, which was enacted by Congress back in 2005. Originally, the bill was written to extend Daylight Saving by two months, but some very verbal opponents fought the change. Farmers say that DST has a negative impact on their livestock in general–as it is tough for them to adapt to the time change, and they consequently produce less milk, eggs, etc. Because DST is not followed uniformly around the world, airlines claim that it might mean many missed international flight connections. Additionally, TV and Cable stations argued that they would lose viewers and advertising revenue, simply due to less time spent in front of the television because of more time spent outdoors in daylight.

So a compromise of one additional month of DST was reached. However, Congress did retain the right to revert back to the old dates if the change proves to be widely unpopular, or if the energy savings aren’t significant.

Why the change?

After making the adjustment to getting up an hour early, Americans overwhelmingly like Daylight Saving Time. There is simply more sunlight in the evenings to enjoy the outdoors and get things done. Additionally, there may be emotional benefits, as we typically feel better with more daylight. Plus, additional hours of daylight can help save energy on a national scale. Less electricity is needed, as fewer lights are turned on as early in the evening…and with energy costs so high, even a small amount of savings is very welcome.

And brighter is safer–studies have shown that the DST shift reduces traffic accidents. An increase in accidents in the dark mornings is more than offset by the evening decrease in accidents, due to the increased visibility gained with more sunlight. Halloween is also arguably safer. Child pedestrian deaths are four times higher on Halloween than any other night of the year. This year, however, trick-or-treaters were able to spend an extra hour gathering treats while it was still light out. Candy manufacturers are happy too, as they’ve lobbied for years to have DST extended through Halloween.

A study by the US Law Enforcement Admin also determined that crime is consistently lower during DST, with violent crimes down as much as 10% to 13%. For many crimes, like mugging, darkness is a factor–so more light in the evening hours reduces these types of crimes.

And throughout its long history, Daylight Saving Time has had a remarkable and sometimes unexpected impact.

A man was actually able to avoid the draft for the Vietnam War using a Daylight Saving Time loophole. When he was born, it was just after midnight, DST. When he was drafted, he successfully argued that in his home state of Delaware, standard time–not DST–was the official time for recording births. So he was technically born on the previous date–which had a much higher draft lottery number – and he was able to avoid being drafted.

In September 1999, the West Bank was on Daylight Saving Time, while Israel had switched back to standard time. A group of West Bank terrorists prepared some timed bombs–but misunderstood the time change–and the bombs exploded early, killing the terrorists themselves, rather than the intended victims–two busloads of innocent citizens.

In the 1950s and 60s, each state and locality was permitted to choose start and end DST dates as they desired. During 1965, Minneapolis and St. Paul–which are considered one metropolitan area–didn’t agree on start dates, and for a period of time, these Twin Cities had a one hour time change between them. And on one Ohio to Virginia bus route, passengers technically had to change their watches seven times in 35 miles!

To keep to their published timetables, Amtrak trains cannot leave a station before the scheduled time. So when the clocks "fall back" in the fall, all trains that are running on time actually stop at 2:00 a.m.–the official time of DST change–and wait one hour before resuming their routes. In the spring, the routes instantaneously become one hour behind schedule, but they just keep going and do their best to make up the time.

So Daylight Saving Time sure can have some unexpected impact–and we’ll all have to be ready early this year.

In particular, be sure to double-check all of your electronic devices and confirm that the time is correct. Although you may be accustomed to your computer and maybe even your digital clock in your car automatically updating, the recent change of dates for Daylight Saving Time may require that these devices be manually changed, as they now may NOT be ready to update to the correct time on the correct date!

A little Java Jitter for your Friday afternoon

This is the perfect afternoon pick me up!

Hat tip, or should I say Double Tall Latte to Dustin Luther.

Mortgage Master’s phone lines are down

Apparently this is a Qwest issue and this will hopefully be resolved soon.  If you’re trying to reach someone at Mortgage Master, please call their cell phone or send an email.    My contact info is under my big mug on the upper left of this blog.

Update:  Our phone lines are up!

I’m pulling my funds from Washington Mutual

I opened a new bank account to begin transfering my funds out of Washington Mutual.   I said I was going to do this when they ticked me off the last time…now it’s done!  What did WaMu do this time?

Bloomberg.com reports:

"First American Corp., the largest U.S. title insurer, was sued by New York Attorney General Andrew Cuomo for allegedly inflating home values under pressure from Washington Mutual Inc…

First American and eAppraiseIT “signed over their independence to Washington Mutual,” said Eric Corngold, executive deputy attorney general for economic justice. Cuomo said Seattle- based Washington Mutual is not being sued because of questions over federal jurisdiction.

Cuomo, 49, conducted a nine-month investigation and the evidence against First American is “damning,” he said. It includes e-mails between executives at the appraisal company and Washington Mutual that show Poway, California-based eAppraiseIT “willingly violated” state and federal regulations that call for independent home appraisals."

CNBC’s video from this morning covering this alledged fraud.

Our office has access to eAppraiseIT and we don’t use it.  Although they promise a quick turn around time, I’m not willing to hand over who does the appraisals for my clients.   I completely trust the appraiser I like to use.  If he says the value isn’t there, I trust him.  It’s in the home owners and home buyers best interest.   If this allegation is true, I’m disgusted beyond belief.   

It’s upsetting that First American seems to be getting the brunt of the bad press at this phase and I do hope the appriopriate authorites investigate Washington Mutual regarding this situation.

I’m sure WaMu will not miss my checking and savings account.  I meant to close it a month ago when they insinuated that the current mortgage situation lies most heavily on the brokers.  Honestly, I don’t know how any mortgage broker can keep their personal accounts with WaMu.  They are NOT the friend of my family!

Update 11/2/2007:  Seattle PI reports on WaMu Faulted on Home Loans

The Attack of the Dreadful Halloween Desk

Who What is this horrific being?  It was noticed lurking around the office of Talon Title and Escrow today at their Bellevue location.

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Why it’s none other than Tim Daniels, Talon’s Chief Title Officer.    He’s been missing for over two weeks!   Every Halloween, his desk attacks him leaving him buried alive and wounded with nasty paper cuts.   You can see the joy and relief in his co-workers expressions that Tim has been safely recovered.   Happy Halloween!

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Happy Halloween

I am just returning from a ferry ride to and from Vashon Island where I met with a couple getting ready to buy a home together. Vashon Island is getting ready to close their main street so that all the little tricker treaters can safely rule to roads as they gather their goodies. In fact, I was very honored to have a Power Ranger sit with us during the loan application! I was really hoping to have a nice fall photo from the ferry…but fog had us socked in as far as the view is concerned!

My computer problems are haunting.

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I’ve had spooky computer problems this past week.  My lap top has expired, may it rest in peace (or pieces by the time I done with it).   My new computer should be arriving by Halloween.   If you have sent me an email  and I have not responded, it very well be due this issue. Please call me or use rhonda@mortgageporter.com instead.   We also decided to replace our antique desk top at home and have made the switch to a Mac (my laptop is not since I need Windows XP Pro for work).     Currently I’m using a "loaner" lap top from my gracious employer.   

I’ll be glad when the transition to the new computers are complete!  This entire process is making me feel like a witch!

By the way, if you’re on my Mortgage Market Guide Weekly email list…you can obtain a copy of the newsletter here.  My email database is down and out until I have my new lap top up and running.

Short-term housing for displaced families in Southern California

Dustin Luther, Rain City Guide Creator, recently did a post about emergency short-term housing for families who have lost their homes due to fire and the Santa Ana winds in Southern California.   

I lived from Auburn, California…to Agua Dulce, Canyon County and Chula Vista before returning to my home in Washington for a couple of years with my Dad when he was opening parks for Thousand Trails many years ago.   It’s heart breaking to see the detestation.   

I don’t know how many readers I have in California…but just in case I do…or if there’s someone who knows someone, Dustin is trying to get this information out to help those in need…please spread the word.