RECENT BLOG POSTS
Home prices ARE bottoming for homes selling in the first time home buyer range.   As a place to start, one would assume move up home market would be next, and eventually the luxury home market with help from a stronger economy. When prices start to increase as we come out of this recession (compe...
07/01/2009
In today's economy, Americans are looking very carefully at their debt.  For most, our home mortgage is the biggest financing commitment we will ever make having the most effect over our lifestyle.  When considering refinancing, many factors play into the decision, including mortgage product, loa...
06/30/2009
Homebuyers that take an eight hour HUD approved Homebuyer Education class have a better chance of successful homeownership and lower default rates.  These classes are not mandated by FHA, but are filling up fast as buyers seek to use the many down payment assistance (DPA) programs available to co...
06/29/2009
Never before has a change in the housing industry impacted so many participants and caused unsettling debate. The Home Valuation Code of Conduct ( HVCC),  is the result of a joint agreement between the Agencies'  Fannie Mae, Freddie Mac, Federal Housing Finance Agency, and New York state attorney...
06/28/2009
OMG, I just received a email from Zillow that my condo on Dobson Ranch increased in value by .6% in the last month.  My husband and I were one of the stubborn homeowners that bought a new bigger place last year and retained our curent condo as a investment property.  Did not want to sell it becau...
06/28/2009
A "healthy" mix of credit usage, paid on time, is evaluated by scoring models to determine your credit score.  Your score can range from 350 to 850 and is a picture of your credit use at the time the credit report is prepared.  Maybe you pay all your bills on time or even early, but did you know ...
06/25/2009
Citigroup Inc suspended loan applications at its CitiMortgage correspondent lending division, citing quality control issues as the problem.  The correspondent lending division buys closed loans from mortgage bankers which it services, and may securitize and/or sell to Fannie Mae and Freddie Mac  ...
06/24/2009
  These changes affect the disclosure process for purchase money and refinance mortgages, and provide additional consumer protection and transparency over the existing Truth in Lending rules:  •·         Initial disclosures provided to applicant within three days of loan application, no fees can...
06/23/2009
Housing has become affordable again for those first time homebuyers looking for an entry into real estate ownership. This can be attributed to low prices, down payment assistance, and mortgage rates under 6%.  Talk to any realtor in the Arizona metro area, those actively working this market will ...
06/22/2009
I have been busy working with homebuyers and meeting with Realtors over the last two days; providing results has been much more difficult in this credit and housing market.  Several of my clients have been forced to delay home purchases by a couple of months to get credit, down payment, or income...
06/19/2009
Rainer
14,159

Julie Messina

CMB
local_phone(602) 819-1359
Contact The Author