RECENT BLOG POSTS
Link to article According to a report from Barclays Capital, modification rates picked up over December and January as servicers converted more trials into permanent modifications under the Home Affordable Modification Program (HAMP). According to the latest HAMP progress report from the Treasur...
02/08/2010
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Link to article Looks like with the continued unemployment, more and more people are letting go of their houses. I believe we will still see more foreclosures thru this year and next year. I believe it will take another 2 years or so for the market to stabilize. Unless unemployment goes down d...
02/03/2010
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Link to article I have put together a flyer to promote the 203k renovation loan. I wanted to get some feedback from you guys regarding my ad and the product itself. It would be very usefull to get some unbiased feedback. As many of you know, this a great product for the right type of client. It...
02/02/2010
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Link to rates My recommendation for rates: Continue to float over the weekend, be ginger however as the 10 yr still has not broken resistance and the mortgage markets also unable so far to break technical resistance. Looks like the market got slammed after some reports earlier today. It gave u...
01/29/2010
http://www.fhamadesimple.com/ Looks like China's economy is doing well along with the growth in the US is going to force rates to go up. I personally don't think that will happen as long as unemployment is as low as it's been. My prediction is unemployment will be stagnant or increase all while h...
01/26/2010
Link to article Interesting article about how mammoth investment firms can walk away from a "bad investment" and how that compares to the individual homeowner. Raises some good issues espeically in reference to accountability. Good read! The lead story in commercial real estate today is the dyn...
01/25/2010
Link to article Very interesting article regarding commercial investors walking away from a "bad investment." In this example, the $5.4 billion in debt would be equivelent to about 34 THOUSAND homes. Why should homeowners not make the same "financial deicsion" and cut their losses? I wonder wha...
01/25/2010
Very interesting article regarding commercial investors walking away from a "bad investment." In this example, the $5.4 billion in debt would be equivelent to about 34 THOUSAND homes. Why should homeowners not make the same "financial deicsion" and cut their losses? I wonder what kind of accounta...
01/25/2010
I think many of us saw this coming when FHA fell below their minimum reserve requirement last year. The writing on the wall started with the fico increase from 620 to 640 for streamline refinances. We will await the final say from our investors and how they will impose their guidelines on to the ...
01/20/2010
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I know this deadline is going to come up quick so I wanted to refresh everyone on the details of this credit. Below you can find some information and further explore with the provided links to the IRS. •1. Who is eligible to claim the $8,000 tax credit?First-time home buyers ...
01/19/2010