Robert Bergeron's (robertbergeron) Blog

Big News for Big Loans MetLife finally announced it's Jumbo loan product this week.  Here are some of the details:   -Loan amounts up to $2,000,000 -30 yr & 15 yr Fixed with Full Amortization Payments -10/1, 7/1, and 5/1 ARM with Full Amort or Interest Only payments -No prepayment penalties -Pric...

See the news lately?  It's ugly!  Wamu is for sale.  AIG is in trouble.  Fannie and Freddie are under government control.  I'd actually like to point to some things that are going RIGHT in the current mortgage environment. Conforming Loans are going RIGHT  In the Seattle area pretty much any loan...

Back in my Wamu days (a tad over a year ago), the playing field for mortgages was pretty level.  Washington Mutual had programs for almost every situation, and Wamu rates were about the same as the rates offered by Wells Fargo, Chase, First Horizon, and most loan brokers.  I was happy to offer th...

The current mortgage world is truly a stormy sea.  Rates rise and fall in nauseating waves.  Loan programs crash and splinter like wayward boats crushed against rocks.  Promising policy announcements turn out to be like false sightings of land after queasy months in the open ocean.   As a home bu...