Michael Schindler's (moneystuff) Blog

So, in this "buyers" market, to sell a home, it is no longer the practice of just putting it on the MLS and waiting for a buyer. Outside of listing it, what are you doing as a Realtor to attract potential buyers to your listings? Sign in yard Place on MLS Flyers (refilled as needed-hopefully...co...

Here's some news - this represents 9,000 jobs eliminated at CitiMortgage.   (Taken from: National Mortgage News) CitiMortgage Making Huge Cuts in Wholesale/Broker Network   CitiMortgage, the nation's fourth largest residential wholesaler, is making deep cuts in its table funding unit, cutting 500...

BREAKING NEWS   WASHINGTON - The Federal Reserve and six other major central banks from around the world slashed interest rates Wednesday in an attempt to prevent a mushrooming financial crisis from becoming a global economic meltdown.  The Fed reduced its key rate from 2 percent to 1.5 percent. ...

This information was emailed to us earlier today..... I hope you find it beneficial The U.S. Congress has approved, and the President has signed into law, a plan to help stabilize the financial markets. This plan, among other things, temporarily increases Federal Deposit Insurance Corporation (FD...

I have heard a lot of realtors talk about the short sale process and, while every lender is bombarded with requests currently, we were told last week at our regional meeting that Countrywide receives 100,000 short sale requests A MONTH.  So obviously, that department is overloaded with work.  Tha...

Great location townhome...seller is retiring and moving north so quick occupancy is available! You have the opportunity to assume this home's mortgage which can save you not only thousands of dollars in costs, but you can buy this home without a down payment!.... 2 bedroom/1.75 bath with finished...

With about 70% of mortgages currently going through FHA, what will happen in a couple of years (or even now) for mortgage lenders when it's time to sell these homes?  Realtors-listen up, if you are doing your homework, this is an opportunity to make your listings stand out for you! Here's a thoug...

Just an fyi...... I just received a letter on one of my rentals about my ARM adjusting 10/01/08 and it is going DOWN 2%!!! The index's have come back down (our thanks again to Alan Greenspan for jacking them up in the first place)! So, if you have an ARM, the sky isn't falling like it was, say a ...

In our ongoing effort to meet the needs of our customers, Countrywide will waive prepayment penalties (PPP) to facilitate the refinance of all Countrywide-owned Pay Option ARMs. Note: Countrywide Home Loans or Countrywide Bank, FSB must be the current holder of the subject loan. If the customer's...

  The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks. This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the r...