Mortgage News

I took the time first thing this morning to read the speech from Fed Chairman Ben Bernanke about the state of the overall federal reserve market.  He spent a little too much time justifying the actions of the saving of Bear Stearns.  (Me thinks he dost protest too much)  Anyway, read into that wh...

For the third time today, I have recieved a notice saying that the bond market is getting worse, which is good news for interest rates.  So for all of the Realtors that were saying that the buyers were waiting for the real estate market to hit the bottom.  If rates are getting better, one might s...

This seems like somewhat of a no brainer.  A great way for agents and loan officers to find out about a customer that is coming in from outside of their area.  I see that referrals get posted, but what I don't see is very many of them.  This concerns me for the following reasons: 1.  Even though ...

I got the best phone call last night.  The Council President called me to let me know that he has been trying to email me to let me know the schedule for the meetings.  After he found out that I was already a first degree knight, he invited me to take part in the meeting next Thursday.  We have a...

Well, the best plans are made by you.  If they are not plans made by God, then you can be sure that they are not goin to work out the way you are planning.  I was given a reminder of that today.  I got up early to read scripture like my normal habit.  However, I was interrupted by the fact that m...

This is just a note to all of the loan officers and realtors that are planning on using the down payment assistance program to close your loan for your borrower.  The program is ending on October 1st, 2008, which I think everyone should already know.  However, there are lenders out there that are...

I was wondering if my scripture readings and thoughts on them would be beneficial as a posting on the Christianity based groups on AR.  I don't think that I am a very good writer, but I was reading through my journal entries and thought that maybe someone could gleen something worthwhile from the...

My boss called me and my customer a liar.  My favorite account executive called my boss instead of talking to me about a file that we needed to get closed today. The file that was supposed to get the docs signed today, sat in underwriting all day waiting to be cleared. I had to drive out to my c...

This post is meant to be a signal to all Realtors dealing with First Time Home Buyers, as well as first time home buyers themselves.  Beware of the loan officer that tells you that everything is going to be like a walk in the park.  Truth is, you are going to need to document everything that has ...

I have found that it is difficult to stay moving in a positive direction when all you get is bad news.  If you are constantly having to put a positive spin on issues that arise, it seems that it would just be easier to stop playing the game.  This is where being a married man has given me the str...