Greg Rielly's (teamrielly) Blog

Friends, Clients, Associates & All--Today at my office, I received an email noting Department of Financial Institutions regulatory information.  In that email, one issue that really struck home is noted below in a Q & A.    Question: May a mortgage broker or loan originator advertise rates or fee...

 Dear Friends, Clients, Associates, and All-Well, a New Year is here and I fully expect 2008 will be GREAT! I thought you might want a quick update on what is happening in the mortgage industry. Apparently there were more pretenders than contenders. That is, fewer than half of last year's applica...

Dear Friends, Associates & All --The below GUEST COMMENTARY, as written by local realtor Barb Lamoureux, recently appeared in the EVERETT HERALD.  I have received personal permission from Barb Lamoureux to repost it for all of those who are open to perhaps learning and benefitting from the though...

Associates, Clients & All--Did you know that almost every veteran is eligible for Veterans Affairs benefits, such as VA home loans? The US DEPARTMENT OF VETERANS AFFAIRS has a wonderful loan program called the Interest Rate Reduction Refinance Loan (IRRRL). You may also see it referred to as a "S...

 As a reminder for the New Year ...The Office of Federal Housing  Enterprise Oversight Director James Lockhart announced that the 2008 "Conforming" government insured VA loan limit would remain at the 2007 level of $417,000. The higher limit for properties in Alaska, Hawaii, Guam and the U.S. Vir...

 Thursday, December 20, 2007 President Bush signed H.R. 3648, The Mortgage Forgiveness Act of 2007, into law, sparing homeowners the tax burden associated with canceled mortgage debt. Prior to this action, forgiven mortgage debt due to foreclosure, short sale, or deed in lieu of foreclosure, was ...

 Developer and author Greg Dickerson talks about investing in real estate and making money tax free with no capital gains, just like the most conservative financial institutions in the country like pension funds, banks, insurance companies, etc.He points out, "Media says foreclosures are higher t...

 In this You Tube interview hosted by CNBC's Erin Burnett, Donald Trump gives great advice on being successful, being a fighter, not taking crap from anybody. Trump says, "Be smart, be sharp... There are a lot of bad people out there ... If you have a problem with someone you have to go after the...

 In the NEWZ: Some of the costs of cleaning up the nation's mortgage crisis are beginning to effect even the people who pay their bills on time and avoid excessive debt.Yes, Fannie Mae, the giant government-sponsored mortgage investor, just raised costs for many borrowers by adding a 0.25% up-fro...

 So Subprime Blows Up; So What, Says Cramer Speaking about the media, Jim Cramer of MAD MONEY says, "What kind of story is it to say that you (media) know that of the 200 private equity deals only one has failed. What kind of story is that? ... Focus on the one that has failed... It's really impo...