Mark Phillips's (mcploans) Blog

Economists call rising delinquencies and foreclosures among prime borrowers the third wave foreclosures. The first two waves were do to housing speculation and subprime borrowers -- borrowers that had taken out some sort of short term, stated income, or adjustable rate mortgage with lower credit ...

I know many people are confused about the new Fannie Mae and Freddie Mac Home Valuation Code of Conduct.  This is the worst measure that I have seen since I have been in the industry.  This is not a regulator measure it is only the Fannie and Freddie's response to a legal threat from Mario Cuomo ...

Sacramento police are looking for leads in a high-profile caper: The case of Lance Armstrong's missing $10,000-plus time trial bike. Early in the morning of Sunday Feb. 15th, officials from Armstrong's Team Astana and Armstrong himself reported on their twitter feeds that the one-of-a-kind black ...

I recently emailed Congressman George Miller 7th District to voice my opinion on bringing back seller paid down payment assistance programs.  This was his response on Feb. 3rd, 2009 Dear Mr. Phillips:  Thank you for contacting me regarding the recent changes to the Federal Housing Authority's (FH...

 announces changes of multiple mortgages to the same borrower. Calling all investors.  For loans delivered after March 1, 2009 FNMA is relaxing the 4 properties maximum rule, to a total for ten properties.  The guidelines will be that a 720 fico score is required and the combined loan to value wi...

Seeking to jump-start the housing market, the Senate added new tax relief for homebuyers to its $900 billion economic stimulus bill yesterday as the legislation moved toward a final vote.  The amendment represents a significant victory for Republicans. GOP lawmakers have complained that the packa...

Pray for rain. Calling all Solano County boaters .  Has anyone been to the lake lately.  If there is not rain soon, and I mean a lot of rain, it is going to be a short boating year. I have been on the list for a houseboat slip for several years. Now that I am getting close to getting the call wit...

A college house-party snapshot of Michael Phelps inhaling from a marijuana pipe is the latest evidence of how a single cellphone or video image can suddenly compromise -- or destroy -- a celebrity's carefully crafted public image.  Since the British tabloid News of the World published a photograp...

1. A well-groomed neighborhood:Well-maintained homes and landscaping have a positive effect on property values in that community. By caring for the appearance of their homes, residents help to create a more aesthetically pleasing environment that future real-estate hunters will want to buy into. ...

The Obama administration outlined plans today to tighten restrictions on executive compensation for future recipients of federal aid under the government's financial rescue program, but the vast majority of firms would be able to opt out of most of the limits. Companies that need special assistan...