Thought for the Day
"Success seems to be largely a matter of hanging on after others have let go." -- Publisher William Feather
Real Estate News
Mortgage News: More On The FHA MI Increase…
While the FHA mortgage insurance increase has been delayed by a month (October 4th now), the reasons for it have become cloudy!
I couldn’t agree with Frank and Brian’s take on this more!!!
Click the link below to view.
When Are Realtors, Loan Officers and Appraisers Going to Get Help?
Mortgage Update: FHA Loan Costs Going Up In September!!
Thinking of buying a home? Thinking of FHA financing? Thinking of procrastinating a while longer?
The cost of mortgage insurance on FHA mortgage loans will be going up on all loans with FHA case numbers ordered on or after September 7, 2010!! This could mean significant increases in your monthly cash flow for the SAME loan [...]
Mortgage Regulators: Who’s Interests Are Really Being Served?
This video, from our friends Frank and Brian at TBWS, is an eye opener! As the regulators continue to try to “fix” what they think is broken, does anyone find it as interesting as I do, that the large majority of legislation affects the mortgage broker negatively and affects the banker in virtually no [...]
Beware The Mortgage/Real Estate Targeted Viruses
Computer viruses have become far more insidious in recent months! My family and I have been personally affected 3 times in the last 6 months! Many of these, while they are new, seem to be able to sneak by many anti-virus software mechanisms and appear to be specifically targeting the mortgage and real [...]
Home Mortgage Rates Increasing??
March 31, 2010 is the scheduled end to the Fed’s multi-trillion $$ purchase of Mortgage Backed Securities!! While the exact impact is uncertain, most economists expect rates to increase, at least on a temporary basis. There’s a nice explanation in the Think Big Work Small video below…
TBWS Daily Monday March 15, 2010
Home Affordable Program Extended!!!
A valuable mortgage tool to help troubled homeowners has been extended! See video below…
According to statistics from Fannie Mae, “more than 329,000 loans have been delivered to Fannie Mae through the Refi Plus flexibilities. Of those loans, more than 100,000 were refinanced under the HARP with loan-to-value ratios between 80% and 125%!!
My question is: How [...]
Where’s the REAL Incentive to Turn the Real Estate/Mortgage Market Around??
View this video by clicking here and, from the perspective of the lender, what do you think is the most financially beneficial course of action… helping the homeowner out with a loan modification OR pushing them into a short sale???
The numbers proposed in this video are purported to be true! If that is the case, [...]
In Mortgages… the puzzle… that’s my spot
Its when the people come to you for a mortgage and say, “I would like to do (insert home wish here). Can you help me?” That’s the puzzle that they need help figuring out, and I love that part of the game. What’s your spot? Click “play” below.
Big News: House Voted to Terminate Home Valuation Code of Conduct (HVCC)
This news came across my desk yesterday evening (Jan. 14, 2010). WE’RE HALF-WAY HOME, PEOPLE!!!
Read the article from Realty Times here: HVCC Demise???
It’s not time to do the Happy Dance yet, but we can at least go out and shop for some shoes!
Credit Card Alert!!
As we have explored in an earlier post, one of the basic rules of improving your credit score is to NOT close a credit card account when you pay it off. This process applies to the “Credit Saturation” threshold that we’ve previously investigated. This is a procedure that I try to impress upon all of [...]
JULY SPECIAL... Fannie Mae/Freddie Mac Home Affordable Refinance Extended until 6/2011! I WILL CREDIT THE COST OF APPRAISAL ON CLOSED LOANS THAT APPLY IN JULY!