Ricardo Cortez's (rcortez) Blog

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Mortgage and Lending - Liberty One Lending

ARCHIVED BLOG POSTS

2008 

Rates on 30-year mortgages dropped sharply this week, falling to the lowest level in five months, as the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac had the hoped-for impact of lowering mortgage rates. Freddie Mac reported Thursday that its nationwide survey found...
09/11/2008
The sub 300k market continues to fuel our market.  On the good news side, if a home is priced in the middle ranges, they will have less competition than they've had in a long time.   •1.      Under 300K increased to 60% of Market versus 49% 8/07, Plus Increase in inventory 08 vs 07 •2.      This ...
09/10/2008
The worst global credit crisis seen in decades has made banks reluctant to lend to each other, which has crimped lending to individuals and businesses. Wanting to avert a broader panic that could endanger the entire U.S. financial system, the Fed has taken a number of extraordinary actions to pro...
09/09/2008
The Federal Reserve has auctioned another $25 billion in loans to squeezed banks to help them overcome credit problems. The central bank on Tuesday released the results of its most recent auction. It's part of an ongoing program started in December that seeks to ease financial turmoil and credit ...
09/09/2008
accoring to leading Republicans this proposal is not a bailout. "Everyone would take a financial hit -- homeowners, lenders, and real estate investors. But we aim to spare people a level of pain, loss, and uncertainty that would only drive our markets and our economy further in a downward spiral....
09/09/2008
The 36-year-old who survived cancer to win a record seven successive Tours, said in a statement today: "I am happy to announce that, after talking with my children, my family and my closest friends, I have decided to return to professional cycling in order to raise awareness of the global cancer...
09/09/2008
new AZ law that goes into effect 9/25/08 regarding drop houses and anyone that has knowledge of them.  If any of our agents come across what looks like may be a drop house, they should stay away from the house and call the Police immediately!  If an agent has knowledge of a drop house and doesn't...
09/09/2008
a new law change mandates loan officers get their license in arizona SB1028 - the law that requires Loan originator (loan officer) licensing. In Arizona, only the loan officer is not (currently) required to be licensed. In most situations, how you finance your home, can be significantly more imp...
09/05/2008
  Down-payment assistance programs like Ameridream and Nehemiah have offered  home buyers....an opportunity to obtain mortgage loans with the help of non-profit organizations and charity assistance groups that contribute the down-payment for buyers to obtain FHA loans. As, Federal regulators are ...
09/05/2008
I dont want to shock any of you. However, I am not on the list below. The old saying holds true: The rich do get richer. Even as world financial markets broke down last year, personal wealth around the world grew 5 percent to $109.5 trillion, according to a global wealth report released on Thursd...
09/04/2008
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Ricardo Cortez

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