Rick C'a Words of Wisdom

It amazes me that many Real Estate Agents and Loan Originators are not using due diligence or have set up a defense system in place as required by FTC and F.A.C.T.A. to guard against an identity thief who is looking for you to lose, misplace, or allow access to customer information that can be us...

Having worked with these automated response and scripted call capture programs, the filters and screens we put in place still did not eliminate the buyers or sellers willing to raise their hands in willingness to engage in dialogue. Many who did were not able, or their timelines were far off the ...

The US Senate just passed the new bill, ( SR. 2338) which includes sweeping changes in how HUD/FHA will operate. This new reform bill must be revised to include modifications from both the House and Senate, and then be finalized in the Federal Register for posting and made into law. A few of the ...

Check out this link, http://www.fha.gov/about/fhasfact.cfm, for information on the newest announcement made by HUD to assist those buyers with conventional ARMS(Adjustable Rate Mortgages) that are due to adjust between now and March, 2008, one of the largest pool of ARM's that have ever been writ...

I recently have been speaking with a Certified Identity Theft and Risk Management Specialist, as being a victim of Identity Theft and taking over a year to fix the problem, I wanted to do more research on how this happens, and what I can do to protect myself and those I care about most, my family...

Now that the Bickeys have gone on to romp the Wisconsin Badgers, it looks like another Number ONE Spot in the rankings of College Football. While some of the other top ranked teams are struggling to keep pace, with narrow win margins, it looks like Coach Tressel and his well balanced team will co...

I am seeing more and more of the type of borrower who has poor credit, recent bankruptcies, late pays, and charge offs attempting to purchase their first home. In the old days, I would counsel these prospects on credit repair and establishing good credit histories, waiting until they improved the...

  USDA Single Close Construction Program offering 100% financing.Program Benefits: Borrowers can finance home construction through a one-time-close construction to permanent 30-year fixed rate loan at a low fixed interest rate for the construction  phase and permanent end loan. Borrowers can choo...

Recent report from the Ohio Mortgage Bankers Association shows that in September of 2007, the number of foreclosures reported in Ohio dropped, ranking behind California and Florida. I hope this is the end of a long trend of foreclosures, and provides some releif to consumers and to the banks hold...

Fannie and Freddie Mac have been tightening up their underwriting guidelines in the past few months. What we in the mortgage industry considered a "Slam Dunk" just a few months ago, are now getting, "Expanded Approval". This tightening of underwriting guidelines by the banks and Private Mortgage ...