Patti Geib's (pattithemoneylady) Blog

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Mortgage and Lending - Capital Line Funding Group

ARCHIVED BLOG POSTS

2008 

Folks, foreclosures represent about 1.5 - 2% of the entire mortgage market.  While it represents a lot of money, it's not even a major portion of outstanding mortgages but you sure wouldn't know it.  Every day the media beats their drum to the same old beat and I am sick of it.  The housing marke...
02/27/2008
With Mortgage Backed Securities using using the 200 day moving average as a trampoline you wonder if this level of support can be sustained with the news that the overall measure of inflation at the wholesale level is at the SMOKING HOT level.Now the Fed is really in an interesting situation, how...
02/26/2008
Just when we thought it was safe to go back into the water, there are mumblings of conforming loan guidelines being tightened AGAIN by Freddie Mac.  Conforming loans were always our safe haven - well not anymore.While I can understand the reasoning behind the guideline changes (higher loan limits...
02/25/2008
A California group going by the name of The California Reinvestment Coalition, has asked Bank of America, who is in the process of acquiring Countrywide Financial (the deal hasn't closed yet), to place a moratorium on the properties that are in foreclosure or going into foreclosure by modifying t...
02/22/2008
I understand your plight, the real estate market is slow, your equity has eroded and the market is still declining.  Rather than trying to sell your home by yourself you need to enlist the assistance of someone who can create a marketing/sales plan that could bring your potential buyer to the tab...
02/21/2008
In a slow real estate market you really have to create some buyer incentives to produce results.  No I don't mean the typical "lower your price" until someone finally comes to the table, I am talking about something that gives perceived value beyond the price reduction.  How about an incentive th...
02/21/2008
While we're waiting for the final guidelines to come down from HUD regarding the new conventional loan limits its time for borrowers who have the higher than currently existing $417K loans to start thinking about getting into the pipeline to jump start their refinance on their existing loans.   R...
02/18/2008
Driving down the coast today was incredible.  I don't recall the sky being as blue or the ocean so beautiful and I could look towards the east and see snow on the mountains.  How incredible is that?  On a day like this I know why everyone wants to live in California.California is Location, Locati...
02/15/2008
I am a Certified Mortgage Specialist.  I find you the perfect loan after your Realtor has found your dream home.  I don't think Realtors should do loans, nor should they have their convenient in-house lender.  That's "steering" and it is illegal.  I also do not believe Banks should be involved in...
02/15/2008
Capital Hill has been a pretty busy place the last couple of days holding hearings over whether Roger Clemens used steroids and today both Treasury Secretary Paulson and Federal Reserve Chairman Ben Bernanke addressed the Senate Banking Committee. As Ben said and Paulson agreed we aren't going to...
02/14/2008
Rainer
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Patti Geib

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