Michael Schindler's (moneystuff) Blog

My company just rolled out a PURCHASE reverse mortgage product!Realtors, if you don't know about them, please get to know them!  As the baby boomer generation begin to reach age 62 (age requirement for a reverse is age 62), this product will help them move to their next level.Some benefits of the...

I just recently received my WAMU (formerly Providian) credit card statement in the mail with a special surprise inside!"Important Notice of Change"Effective May 1st, 2008New APR Prime + 23.99% (which, as of today is 5.25% + 23.99% or 29.24%)returned check fee $39I, of course, called and the custo...

Below is a letter we received today from Scott Syphax , President & CEO Nehemiah Corporation of America regarding the court battle over the various gift programs that many of us utilize.  These programs assist our clients in getting into a home by providing a non-profit gift to the buyer that is ...

I have three school age boys and would like to move back into town so I'm looking for a sale or a possible Prescott trade! 3 level 2304 sq ft up, 1148 lower level (unfinished), 4 bedroom/3 bath, 3 car garage, pole shed, lots of upgrades-too many to list! Hunt in your back yard! 9 acres (6 wooded)...

Well, Aurora going down was perhaps the worst kept secret in the industry-followed closely by Bank of America's purchase of Countrywide.What big time lender is next?  I'd have to guess WAMU (Washington Mutual).  Lender buyouts are starting to increase.....and nothing will surprise me anymore.We a...

Can't sell? rent it out-but become educated!Consider renting and advertising it as a "rent with option" or "rent to own".  Think and stay positive.There are a lot of things you can do to make it a "win win".  Offer a partial rent credit towards down payment and KEEP PROOF OF TIMELY PAYMENTS so th...

Here's an updated list of lenders that are in the process of or have "imploding" since May, 2006.  213. First Lincoln Mortgage Corp.212. First American Bank (Wholesale)211. Soma Financial210. National City Corp. (Wholesale)209. Heartland Wholesale Funding208. Homefront Mortgage Inc.207. PNC Bank ...

I saw over the weekend that the main website for this company is no longer up and running?  I've heard some rumors but I thought it's be nice to see what other information we can collect about what the status of Premier Mortgage Funding, Inc. is.........Premier started out to be a great company a...

First of all, it's not always just about the house itself, it's about the ability to capture potential buyers isn't it?  I'm on the mortgage side but, I can tell you, the last open house I attended I don't think the realtor quite understood this concept.  he had a sign in sheet, he didn't say any...

Since late 2006 192 major U.S. lending operations have "imploded" here's a continuation from my previous blog post from 8/22/07.  192. Charter One (Wholesale)191. Wells Fargo - Home Equity190. Paul Financial, LLC189. Webster Bank (Wholesale)188. Fieldstone Mortgage Company187. Tribeca Lending Cor...