RECENT BLOG POSTS
Don’t be the Little Orphan Annie of the Broker Open House World The broker open house for many listing agents is a great way to get their newly listed property out there to the real estate world. We all know the importance of having other agents see the property to increase the chance to match ...
03/01/2011
Rate Outlook for the Week Beginning February 28, 2011 This week’s rate forecast is going to be dominated by two major factors. 1. The weakening of the dollar 2. The political unrest in the Middle East The major economic calendar data point will be Fridays’ big jobs’ report. There is a cons...
02/28/2011
One Last Push for the FHA Streamline Refinance As a result of FHA running low on their capital reserve requirements they are going to need to raise their fees so that can replenish their reserve pool, and the home owner is the one footing the bill. The FHA Streamline has been a great product ov...
02/27/2011
Today Fannie Mae announced the start of the Servicer Total Achievement and Rewards Program, also known as the STAR program. This new program is designed to rate and evaluate mortgage servicers' performance in supporting the housing recovery by helping homeowners avoid foreclosure. This will be ...
02/24/2011
Answering Questions from a Real Estate Seminar One Day at a Time As I continue to give a blogging recap of the seminar I was a part of I want to touch base on another question that the attendees to the meeting had. "I hear there are going to be some changes to FHA what does that mean to me as a f...
02/24/2011
Hello fellow Activerainers, there were a couple of Mortgagee Letters out this week and I wanted to make sure you are aware of the upcoming changes. ML 11-10 states the annual MI premium will increase by .25 bps effective with case numbers assigned on or after April 18. Also, case numbers wil...
02/22/2011
Rate Outlook for the Week Starting February 21st It's going to be a huge week of economic data in store for this week. When we top that with the geopolitical market pressures in the Middle East right now it could be a wild ride for the stock markets and the interest rates. Tuesday 9AM Our belove...
02/21/2011
Answering the questions from a real estate seminare ond day at a time As I blogged about last week I was on a panel for a local real estate company as they hosted an industry news seminar. It was basically an open forum discussion focusing on the changes and challenges that correspond with today'...
02/21/2011
An alternative to the FHA 203k renovation loan for 2nd homes and investment properties I'm sure many of us are familiar with the FHA 203k renovation loan, a fantastic mortgage product for purchases and refinances but from what I'm hearing not many real estate professionals are aware of Fannie Mae...
02/19/2011
I Was a Contributor at a Real Estate Seminar and Learned This About Today's Buyers I have been spending a lot of time this winter meeting with local agents, business groups, and holding industry education seminars for investors and first time home buyers. The purpose behind this focused business ...
02/17/2011
Rainer
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John Saari
"The Mortgage Buddy"
Real Estate Resources
I decided to start writing this blog to be an education resource to my referral partners and my clients. We live in a new world of mortgage lending in which we need to be up to date on the changing underwriting guidlines and mortgage products offered. It's through these updates that we will all be able to provide our clients with the customer service they derserve and expect. It's my belief that this industry insight is what will take our business to the next level.
Education = Confidence