Mortgage Market Update

By
Mortgage and Lending - Premier Capital Mortgage
This weekly update contains current information that is geared to help real estate professionals work with clients and provide information.
RECENT BLOG POSTS
  Most don't realize that without all the Feds efforts mortgage interest rates would be much higher and economy worse off that were we are today.  Today processes are at work to bring the mortgage market back.  As much as most want to say how hard it is to get a loan there is a reason for this.  ...
09/29/2009
  With all the HVCC changes to conventional loans - FHA released some of their new appraisal guidelines.  Lets look at themFHA Appraisal Changes1- Changes effective January 1st, 2010.2- Mortgage brokers and commission based lender staff are now PROHIBITED from selecting the FHA appraiser.3- Lende...
09/21/2009
    Delays in closings are the number one cause for a client to be disappointed with the process of purchasing a home.  This year with all the foreclosures, shorts sales and changes in the industry we now have another item to pay attention to that now can be added to your already long list of thi...
09/15/2009
    I have already heard of a couple of a closings that have been affected by the new truth in lending requirements now required. When a lender discloses an initial truth in lending in todays market there now is a requirement that the final one(provided at closing) has to be within a .125% tolera...
09/02/2009
    This is a simple one that many still struggle with.  Just he other day had a Realtor want me to specifically give an exact dollar amount for a prequal.  For the record, this is impossible in that every property is different based on the property taxes and home insurance.  The best that any  l...
08/25/2009
    After completing a job everyone likes to get paid as it is part of the reward.  It can be a very frustrating thing not to get paid when your suppose to.  Over the last few years this has increasing been a more important subject as lenders have gone out of business and left many parties to a r...
08/18/2009
   Home financing is still considered to be 50% of the home buying process.  Once a home has been selected the next step or the buyer is to obtain financing.  If you are not able to come to terms on a home loan your contract can die.   Over the years it has always shocked me as to the criteria so...
08/11/2009
    The business of realestate continues to become more challenging as more regulatory oversight takes action.  There no shortage of changes in the mortgage industry that affect every active Realtor and mortgage professional.  In the last Update, I mentioned that we wanted to share some ideas of ...
07/28/2009
      The changes in the industry have been fast and furious and do not look like they are going to slow down any time too soon. From some of the responses we have received over the last 2 weeks I can tell that some are not fully aware of what this means to the business of a Realtor.  Our goal in...
07/26/2009
    It sort of feels like cramming for a test back in college -  you knew it was coming but had to deal with other important matters and now its the night before and your now just getting prepared to study.  Many real estate professionals are now just beginning to hear about some of the changes t...
07/21/2009
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Joe Farro

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This weekly update contains current information that is geared to help real estate professionals work with clients and provide information.