Bernie's Blog

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Mortgage and Lending - New Key Lending
Among lingering doubts about housing and credit markets, and a general uncertainty about the U.S. economy, the mortgage bond market tanked towards the latter part of last week. As investors moved away from mortgage bonds, mortgage rates forcefully bounced off their two-year lows. A major factor behind last week's run-up in rates is the market expectation for Tuesday's Federal Open Market Committee meeting. Those expectations sharply shifted after Friday's strong employment report from the Census Bureau and dragged rates along with them. Inflation is the enemy of mortgage bonds. Typically, as inflation rises, so do mortgage rates.
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Well, today I had the distinct opportunity to be at a meeting with a couple of representatives from Fannie Mae. According to these representatives HUD has 30 days from the day the President signed the package into law to identify the impacted Metropolitan Statistical Areas (MSA's). In other words...
02/21/2008
OK,Does anyone remember the movie(that is featured in this newsclip) about house swapping.I found this today, and thought how interesting is this.Wow, this amazing check this out, and post your thoughts.http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=6538950&ch=4226720&src=newsPlease ...
02/21/2008
I'm not sure if this is considered a blog, but I will run with it. I'm hosting a foreclosure seminar 3-08-08 for an investment group called Overjordan in Nor. Cal. I'm the facilitator of this meeting.I'm in search of a nice conference room that will hold at least 50 people. Title offices are grea...
02/11/2008
We just inherited a short sale about a week ago. The sign post was put  just about 6 days ago, the house has been vacant for 5 months. I get a call today from an agent who was showing the property, asking if I changed the lock box code... I said there is no code it is a Supra Box, key is inside o...
02/08/2008
We just inherited a short sale about a week ago. The sign post was put  just about 6 days ago, the house has been vacant for 5 months. I get a call today from an agent who was showing the property, asking if I changed the lock box code... I said there is no code it is a Supra Box, key is inside o...
02/08/2008
Stimulus Package Passes Senate: What Now? With an 81 to 16 vote, the Senate passed an amended version of H.R. 5140, a $150 billion plan to jumpstart the economy with temporary tax breaks for consumers and businesses, extended benefits, and most importantly, two provisions designed to assist the h...
02/07/2008
  The objective is to position ourselves as someone who is always willing to help others with the mortgage information and knowledge that we have learned.This concept of "giving" works extremely well and my successes over the years can be directly attributed to this process. When you're a strong ...
02/05/2008
 1.  All 1031 Exchanges must involve swapping or trading with other property owners...NOWell before delayed exchanges were codified (by IRS) in 1984, all simultaneous exchange transactions of Real Estate required the actual swapping of deeds plus the simultaneous closing among all parties to a 10...
02/04/2008
I went Saturday to a 9 hour long workshop( with 9 hours of continuation credit for my RE license) Your self directed IRA can be used for RE,and no it does not need to be Smith Barney, it can be any company that your IRA is with, as long as it is self directed. The company I will be using is Entru...
02/04/2008
Here are a few more time wasters to be aware of and some strategies for protecting your time (priorities). DOWN TIME: Meaning time that you spend waiting, traveling, sick, etc. Always have something to do, or to listen to, or to read.  Ask yourself "What is stackable?"  In other words, what tasks...
01/31/2008
Rainer
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Bernie Germani

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The Week In Review (December 10, 2007)