Michael Schindler's (moneystuff) Blog

By
Mortgage and Lending - Your IRA guy!
RECENT BLOG POSTS
0 Comments
This isn't just the mortgage division, that was shut down a while ago, this is the whole bank  :-( Here's a bit of the news feed......... Rescue falters; feds seize WaMu By Charley Blaine and Elizabeth Strott (posted on msn.com) Stocks are likely to open sharply lower Friday after a deal to rescu...
09/26/2008
  In our quest to continue to provide excellence to you, please find below the key points of the First Time Homebuyer Tax Credit that became law through the H.R. 3221 Housing and Economic Recovery Act of 2008.   Please feel free to contact me should you have further questions.    If this informat...
09/13/2008
This is directly from GMAC's website....... Press releases GMAC Financial Services and ResCap Announce Further Streamlining of Mortgage Operation Strategic origination channels remain open; commitment to servicing customers unchanged FORT WASHINGTON, Pa. (Sept. 3, 2008) -- GMAC Financial Services...
09/03/2008
Support Down Payment AssistanceSupport H.R. 6694 UPDATE 8-25-2008   I copied and pasted this email I just received...Please take a moment to send an electronic letter asking them to save the down payment assistance programs!  These aren't the reason for the current market condition but they are ...
08/26/2008
6 Comments
Here is what I personally look for when choosing a realtor when I buy or sell homes-and what I tell my clients when they are in need of a realtor: (my background is, I am a mortgage representative, I periodically buy and sell homes and have rental properties so I work with realtors on a daily bus...
08/10/2008
I saw this article today and wanted to post it on active rain and see what other professionals thought of it-both good and bad comments, would you add or delete anything, etc.  ____________ Does your agent never get in touch, fail to offer advice, or work only part time? These are some of the red...
08/10/2008
Going away OCTOBER 1st....... I think it's going away this time-which will deal yet another blow to people who can't afford a down payment (especially minority lending).  If FHA comes out with a 100% loan, it may be fine but, in this environment I think bringing out this kind of product now may b...
07/28/2008
 267 Imploded* Lenders since late 2006: 267. Wachovia Mortgage, FSB - Wholesale266. Lehman Brothers SBF265. IndyMac Bancorp264. Mortgages Ltd.263. Wilmington Finance - Wholesale262. Accredited Home Lenders, Home Funds Direct261. Assured Lending Corp. - Wholesale260. Homewide Lending Corporation25...
07/24/2008
URGENT. Voice Your Support for Downpayment Assistance!  (We just received this from Nehemiah) Downpayment Assistance Programs in Danger of Elimination!The Department of Housing and Urban Development (HUD) has re-issued a proposed rule that would eliminate all private downpayment assistance progra...
07/10/2008
Wow, We just received word that if you have a foreclosure, instead of having to wait 3 years to buy again with a "conforming" loan, it will now be a 5 year wait.  Bankruptcy is still 2 but if you put the house in, it's still 5. Also, for those selling on a short sale-or thinking about doing one, ...
06/04/2008
Rainer
13,298

MichaelSchindler

local_phone(443) 447-2611
Contact The Author