JP Marzano's (themortgagecall) Blog

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Mortgage and Lending - Movement Mortgage - NMLS # 574681
RECENT BLOG POSTS
    Good morning… I hope you had a good weekend and are staying cool…the summer heat is hitting us just as Obama’s visit stalls traffic for another week or so. It took me an hour to get to an open house that’s normally 15 minutes away from where I live…but at least it was worth it!   On today’s c...
06/18/2012
As of yesterday, the new FHA guidelines for streamline refinances are officially in effect. This is a huge move by FHA as it should allow millions of people to refinance their current FHA loans without incurring the high costs associated with the program.   At Chicago Financial, we’ve confirmed ...
06/12/2012
  Good morning…   I went ahead and forgot my sunscreen at home again and now I feel like I’m in a mobile sauna. I hope you all enjoyed the great weather this weekend and aren’t too sunburn! Here we go…   On today’s call: Markets, Housing, Gift Funds, Interest Rates   -        The stock market st...
06/11/2012
  It's great to get good news in the housing industry isn't it? According to the Illinois Association of Realtors, home sales increased almost 16% statewide in April compared to one year ago. On a more local level...home sales in the Chicago area (including single family homes and condos) are up ...
06/06/2012
  Good morning… I hope it was a good weekend. A friend of mine bought a massage chair and I tried it yesterday. It probably costs a ridiculous sum but I can’t think of more things I’d rather overspend on. I think my back is properly aligned for the first time in a while. Let’s get to it:   On to...
06/04/2012
Good morning…  I hope you all had a great holiday weekend. I didn’t realize how red I got from being out on the tennis courts all day until it literally felt like someone was putting an iron on my forehead. I’m very thankful for aloe plants!   On today’s call: Markets, Housing, Purchase Contract...
05/29/2012
The consumer sentiment index rose to its highest level since in May since October 2007, despite a tough month on Wall Street and worsening conditions in Europe. This is the higest level since the recession ended (I guess I figured it hadn't?). On Wall Street, all the major indices are down (Dow J...
05/25/2012
Good morning... Just a few notes as we move to the middle of the week... The Mortgage Bankers Association's refinance index increased 5.6% while its purchase index fell 3%                                         - I think the refinance figure is influenced heavily by the HARP 2.0 program now bein...
05/23/2012
Good morning…   I hope you had a nice weekend. If traffic is going to be as non-existent as it has been the last few days, they can invite as many protesters to the city as they want! If you went near the conference at McCormick, I hope it was, at the very least, exciting.  Thank you to those of ...
05/21/2012
Good morning! Time for The Mortgage Call's monthly market update. Take a few minutes and watch this month's slide-show below to get a "cliff-notes" version of what's been going on with our economny (Hint: it's not gaining speed) http://www.kendalltodd.com/video/MarketUpdate5-2012/player.html (Thi...
05/16/2012
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