American Home Mortgage facing BK---what does this mean? Get your clients loans locked! - 07/31/07 10:22 PM
The headlines today read "American Home Mortgage facing bankruptcy."
http://www.usatoday.com/money/industries/banking/2007-07-31-american-home-mortgage_N.htm?csp=34
What does this mean to you and me?   Agents and their lenders?
The first wave saw the subprime lenders go out of business.  This next wave will be the companies that are heavy in ALT-A lending. 
"Alt-A" or alternative loans are nontraditional mortgages, like those with … (4 comments)

FHA Loans are Back and Just In Time--What You Need To Know About Them - 07/30/07 08:04 PM
 
When I first started in the mortgage business, at least one in four of all of my buyers got an FHA loan.  
The rates were fantastic, the down payment requirements minimal, and the credit requirements were close to meaningless.   Most first-time home buyers got an FHA loan.
In the last three years, … (19 comments)

"What to Really Expect When Buying A Bank Owned Property" - 07/25/07 10:02 PM
In recent years, most new buyers wanted to buy a new home from a homebuilder.  Today, nearly every buyer I pre-qualify today says the same thing.  "I want to buy a bank-owned property." 
In some counties around the country, foreclosures are at all-time highs.  As a result, in today's market, the best … (13 comments)

 
Loan Officer: Aaron Gordon, Home Loan Consultant, Las Vegas, NV (Home Loan Consultant)
Aaron Gordon, Home Loan Consultant, Las Vegas, NV
Las Vegas, NV
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Home Loan Consultant

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