Randy Kirsch's Blog,, NMNLS #1012303 - Your Dedicated Mortgage Consultant, Right Trac Financial Group, Inc. NMLS#2709

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Mortgage and Lending - Right Trac Financial Group, Inc., NMLS# 2709 - NMLS #1012303
RECENT BLOG POSTS
According to the President of Ginnie Mae, non-depository lenders now make up 50% of the business of Ginnie Mae, according to a recent National Mortgage News article.  The article indicates that big banks have withdrawn from mortgage lending and that non-depository lenders have filled the void tha...
12/07/2014
Yesterday was my grandson's fifth birthday, and as I mentioned in an earlier post entitled "My Contractor To Be", he wanted his party at Home Depot where he and his friends could get "hands on" practice in building things.  The party was a huge success with about 20 little ones and their parents ...
12/06/2014
Since I have been active on the Rain, I have seen several posts by real estate professionals that boarder on the rendition of legal advice.  I did not see any thing in their profiles to indicate that they were licensed lawyers.  That can be a dangerous situation. In a recent post by Maria Gilda R...
12/05/2014
The idea of a pre-listing inspection performed by a seller before putting a home on the market seems like a prudent thing to do.  An article in the December 2014 issue of RIS Media Real Estate Magazine (Pages 46-47) recommends the idea as a way for sellers to get better offers for their propertie...
12/04/2014
An article on CNBC this morning entitled, "Self-employed? Good luck getting a mortgage" caught my eye.  Tomorrow I will be doing my first mortgage application with a potential borrower who is self-employed.  I asked the lady to bring the usual items, last 2 years of tax returns, bank statements, ...
12/03/2014
It may come as news to some, but when a seller executes a contract of sale, the seller is transferring equitable title to seller's property to the buyer.  The Supreme Court of the State of Connecticut decided the case of Salce v. Wolczek (SC 19144) in an opinion just released, and indicated that ...
12/03/2014
Federal National Mortgage Association ("FNMA" or "Fannie Mae") recently released its outlook for the economy and housing in calendar year 2015.  There are some differences between the FNMA outlooks and the housing and economic outlook that was published by FHLMC and reported in my recent post ent...
12/01/2014
I would like to thank Donna Foerster and the ActiveRain staff for putting together the "30 Posts in 30 Days" challenge.  I did manage to meet the post-a-day requirement, and learned even more than just getting the extra bonus points that go along with meeting the challenge. Coincidentially, the s...
11/30/2014
The Office of the Chief Economist for the Federal Home Loan Mortgage Corporation ("FHLMC" or "Freddie Mac") recently released the agency's November 2014 U.S. Economic & Housing Market Outlook.  The Outlook contains the predictions of Freddie Mac for 2015.  In a nutshell, growth in the gross domes...
11/30/2014
The Federal Housing Finance Authority ("FHFA") recently announced a policy change for FNMA and FHLMC regarding the sale of their REO inventory to the foreclosed party , but this change in policy will have a limited impact based upon information in a report  published by Bloomberg News.  Previousl...
11/28/2014
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Randy Kirsch

(NMLS# 1012303) Your Dedicated Mortgage Consultant
local_phone8606477701 X120
smartphone202-827-6434
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