Greg Rielly's (teamrielly) Blog

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Mortgage and Lending - New American Funding License #CL-6606 - MLO 76580
RECENT BLOG POSTS
Federal Tax Legislation makes Mortgage Insurance premiums tax deductible for many (but not all) borrowers who take out new mortgages.  As of January 2007 Private Mortgage Insurance or PMI became tax deductable.The new break, called the qualified mortgage insurance deduction, lets taxpayers with a...
02/29/2008
 Dear Friends, Affiliates & All--In an email that I received today from Washington Mutual, it said: "Beginning on March 4, 2008, WaMu will discontinue accepting any applications for simultaneous and stand-alone equity products, regardless of broker tier."  Wow, no more home equity lines of credit...
02/29/2008
 Mortgage Bonds are on another wild ride today, improved up +56 basis points on the day as noted on the below FNMA 30-Year 5.5% coupon. Hopefully the gains of today will hold firm for tomorrow, and if so, might be a signal or an end to the slippery downward/negative trend they've been on as of la...
02/20/2008
 Big news from Cuba as Fidel Castro is stepping down as President - a position he has held since 1959.  While Cuba has not traded with the US in more than 40 years, it has been speculated that once Castro was no longer in office, trade relations could begin to thaw.  Stocks moved higher on the mo...
02/19/2008
 Wise Guy InvestingOn the other hand, the cut doesn't mean mortgage rates are automatically headed lower, said Greg Rielly, a mortgage planner at Mortgage Advisory Group in ...www.wiseguyinvesting.com - 69k - Cached - Similar pagesJan 24, 2007 Article Link: Should you panic over the stock market? 
02/16/2008
 H.R. 5140-Increased Loan Limits (Estimates for Seattle-Bellevue-Everett, WA area)Last week, the Congress completed work on H.R. 5140, the "economic stimulus package."  It has been reported that this package will give most tax filers refunds of $600 to $1,200. Some will get more if they have chil...
02/12/2008
 Greg Rielly, CMP, Team Rielly,'s Blog - Google Archives February, 2008Archives of real estate blog posts for Greg Rielly, CMP, Team Rielly,'s Blog - February, 2008.activerain.com/blogs/teamrielly/archives/2008/02 - 10kTEAM Rielly: Volatility Continues, Bond Market UP +22/32, Mortgage RATES GREAT...
02/11/2008
Dear Friends of TEAM Rielly and Private Mortgage Banking:Like we always say, "the market ticks up, the market ticks down" ... and back UP/Improvement!  After a wild ride lower yesterday, Bonds are working to regain some ground today. With continued volatility and uncertainty in the markets, Stock...
02/08/2008
  Dear Friends of TEAM Rielly and Private Banking:  Back in August, when experiencing first-hand the "credit crisis" and media reported mortgage meltdown, my intuition was somewhat alarmed that banks would in fact suspend Home Equity Lines of Credit. As such, I withdrew a reasonable $50,000 from ...
02/06/2008
 ALERT:  WHAT'S YOUR NAME AND PRIVACY WORTH? Your name is worth everything to you...it's your identity, it's YOU.  Here's news that TEAM RIELLY thinks you NEED TO KNOW ...and you need to let all of your family and friends know right away as well.    Few people realize that each time their credit ...
02/06/2008
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Greg Rielly

Residential Loan Officer, DFI License #MLO-76580
smartphone(425) 870-9342
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