Patti Geib's (pattithemoneylady) Blog

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Mortgage and Lending - Capital Line Funding Group
RECENT BLOG POSTS
After months of maligning the reputation of "Mortgage Brokers" as the cause of the sub prime debacle it's finally coming to light that the "problematic" sub prime loans were originated by State-Licensed Lenders (a.k.a.) Savings and Loans, to be specific.  So now that the word is out where is the ...
04/01/2008
There's no better place to invest than in the United States.  They are so confident in our economy their combined purchases of U.S. Treasury Securities represent 24% of the entire U.S. Treasury Securities.  Can there be too much of a good thing apparently not in their eyes.  No doubt about it Ame...
04/01/2008
I know how happy some are now the government has raised the FHA loan amounts but when you want to talk about Government Bailouts - THIS IS IT.  How can a government criticize any lending program with such standards as proposed (exist) as in FHA?  I am sorry they need a reality check or the actual...
03/15/2008
And the lenders guidelines are coming out just in time since HUD released the information a week ahead of schedule.  The new jumbo has many different twists, its best to contact your Certified Mortgage Specialist because they will be your best source for the correct information.  Fannie-Mae is ge...
03/07/2008
I was listening to a program this morning, comments were made concerning the remarks Ben "The Fed" Bernanke made yesterday indicating more had to be done to stem the foreclosures.  I agree with him because its in every home owners best interests. As I have said before it's time to get over the ar...
03/05/2008
Granted if you live in California, Florida or Las Vegas there is a problem.  But it's a local problem not nation wide as the "doom and gloom" crowd try to make us believe.According to the National Association of Realtors nearly half of the 150 metropolitan markets reported the median home prices ...
03/04/2008
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
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