Craig's Blog

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Mortgage and Lending - DMZ Mortgage
RECENT BLOG POSTS
Statistics show fewer people are walking away, or at least that is what I heard. Has anyone noticed less frequency of stories of homeowners walking away? Walking away may be tapering off... 
08/05/2008
Join Officials from HUD to discuss FHA Modernization and H.R. 3221On Monday, August 4, 2008 at 2:30 pm Eastern, the Department of Housing and Urban Development (HUD) will hold a teleconference for members of the industry to discuss Federal Housing Administration (FHA) Modernization and related ch...
08/03/2008
Sounds nice, a 90% LTV refinance with FHA's new program beginning 10/1/08.  But I wonder how this will all play out? Makes me wonder, since lenders can already refinance a loan down to 90%, if anyone is hearing about short refinances already? Is shorty out there?  I thought I'd make this post short.
07/31/2008
Is that it for seller funded down payment assistance?  The Nehemiah/Ameridream type programs will be gone in a couple of months? They sure helped a lot of families buy homes.  Sorry to see them go...
07/24/2008
So someone stole the magnetic signs off my car.  No biggie.  But I was wondering... Maybe they will put it on their car and give me some free advertising? The glass is half full.
07/23/2008
Is anyone else noticing more foreigners purchasing real estate in the US?  They get more bang for the buck since the dollar is worth so little these days, plus they are cash buyers which is great! Anyone else noticing a pick up in foreigners?  If so, what countries are you finding an increase in ...
07/20/2008
Guess everyone wanted to get their money out quick, which makes me think... Will there be more bank runs in the coming months?  
07/14/2008
I have a question about the "buy and bail" phenomenon.  Is it all hype or is it really all that commonplace as the news would make it seem I mean, I'm sure there are at least isolated incidences of the buy and bail but my guess is that the news media has just found another way to make us real est...
07/12/2008
I've been thinking about marketing real estate on my car.  This could backfire on me, since I'm not the best driver. LOL  Seriously though, anyone doing this with success?  I figure eat right and exercise, work hard and advertise, but does that include a sign on your car? What do you say A/R?  Ca...
07/10/2008
I'm seeing a lot of people that have part time jobs out there in the real estate world.  Isn't real estate a full time career?  Should people work another part time job and then do real estate part time? You call your agent, and they are busy working another part time job.  It seems like it would...
07/09/2008
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Craig Tone

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I like to hear opinions from others in the industry. Not everyone agrees with me. If you don't, that's fine. Thanks for stopping by.