ARCHIVED BLOG POSTS

2007 

The Truth About the Mortgage Market  Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with...
09/26/2007
Is your Lender in Trouble? How Realtors can Navigate this Crisis                    With some of these big lenders in trouble could mean we are in trouble. I saw this coming back in  2006 and didn't think it would manifest itself this bad until late 2008.  I forgot that in the information age, ba...
09/06/2007
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    Over the last five to six years, I've seen a gradual decline in the loan officer's ability to effectively write, close and process FHA loans. I attribute this to two main reasons, the first being a lack of proper training. I've found that the average mortgage company does not employ an indivi...
09/03/2007
                   Keep in mind the most lenders will pull their own credit report at closing, and if your credit scores have dropped, you may no longer qualify for the rate that was underwritten and the final approval may come back with a higher rate. Unfortunately, all lenders qualify you by yo...
09/03/2007
Rainer
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Jason Fontaine

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