David Robbins's (dkrobbs) Blog

I've been receiving more and more referrals from Realtors because their clients had been "prequalified" by their loan officer versus "preapproved" by the underwriter, and low an behold there are conditions that an LO failed to mention in the initial loan process, and now it is a scramble to close...

DENVER FORECLOSURES ARE HOT PROPERTIES                           "Get on the Bus" Tour Educates, Informs Buyers   MEDIA:         Representatives of the media are invited to attend this event.   WHAT:           A "rolling classroom" tour of 6-8 homes in Thornton, Northglenn and Westminster.  The h...

NEW FHA Loan Limits: Many areas will experience a decrease in the FHA maximum loan amounts on January 1, 2009 per information we are receiving from HUD. We received further direction from HUD that any FHA loan that exceeds the new loan amounts will have to be 100% clear to close by the end of thi...

The Bank of England and the European Central Bank both cut their key benchmark interest rates today in an effort to revive their sagging economies. The BOE cut was 1% bringing their benchmark rate to 2%, the lowest level since 1951. The ECB reduced their rate by .75%, bringing it down to 2.5% and...

When mortgage rates plummeted last week, I thought it would be for a brief few days based on a 1 yr history then slowly but surely continue to rise.  I now stand corrected, rates are actually decreasing still today.  Lets all work our tails off to get potential homeowners into affordable mortgage...

We are having another foreclosure bus tour on December 13th from 9 am -2 pm.  You ask why have a tour in December?  Well, we been approached by a Producer of the Japan Broadcasting Corp that would like to produce a 2 hour New Year's documentary that would discuss the state of our economy, real es...

I've been receiving a ton of questions on how the first time home buyer tax credit works.  Please see below link.  Time is of the essence, so take advantage today.  http://www.federalhousingtaxcredit.com/

WOW!!  Have you heard about rates dropping?  Rates have come down over a full point in the last week for instance...I took an application from a client on 11/24 with rates around 6.125% and I told him we should float the rate based on what lender's where selling their paper at the "window", and N...