first time homebuyer in vermont: Vermont Mortgages - Scandal at the FDIC!!!!!! - 02/08/10 03:11 PM
Vermont Mortgages - Scandal at the FDIC!!!!!!
Take a look at this video post from ThinkBigWorkSmall & tell me it doesn't get you unbelievably mad!!!!
http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1020959
I spend my days doing Vermont Mortgages & blogging on Vermont Mortgages & had thought the market semi-insulated, but apparently, anyone with Vermont Mortgages held by One West Bank (formerly IndyMac Bank) may not be able to get their Vermont Mortgages to be modified by the HAMP program here in VT.  Why?  Click on the link above to find out the aweful truth:  that IndyMac's debt (not just Vermont Mortgages) was all sold to One West in a restructuring … (0 comments)

first time homebuyer in vermont: Vermont Mortgages - A lifeline for people needing help from FHA - 02/02/10 01:50 PM
Vermont Mortgages - A lifeline for people needing help from FHA
So now, some good news from FHA!  Some people with Vermont Mortgages may be happy to hear that if they have gotten their Vermont Mortgages from FHA, and they are in trouble of defaulting, they will now be able to modify their loan directly through the HAMP Program (Home Affordable Modification Program, offered by FHA).
Of course, this news is limited only to those people who are currently IN an FHA Mortgage (others with Vermont Mortgages, sorry the rules are not drawn wider to include you all), but it does definitely … (0 comments)

first time homebuyer in vermont: Vermont Mortgages - Investment Property Refinances - 01/22/10 01:25 PM
Vermont Mortgages - Investment Property Refinances
A lot of investors with Vermont Mortgages on their investment properties have been asking me if they can refinance their Investment Property Vermont Mortgages to take advantage of these historically low interest rates before they disappear.  The answer: a solid MAYBE.  Don't you just love lending nowadays? ;)
There is a wonderful way to refinance those Investment Property Vermont Mortgages right now if the mortgage is owned by Fannie Mae or Freddie Mac, & you can otherwise qualify for a mortgage.  Yes, this means that you have to have the income & documentation to support it, people!  I … (0 comments)

first time homebuyer in vermont: Vermont Mortgages - Short Sales hijinks - 01/19/10 01:08 PM
Vermont Mortgages - Short Sales hijinks
I wake up coming in to work every day as a mortgage lender writing Vermont Mortgages believing that one day soon I will come in and not be baffled by some of the stories I hear.  I guess that's not today.
The shocking news of the day?  SHORT SALES!  No, it doesn't have much to do with Vermont Mortgages, but in a news webisode posted today by the guys over at Think Big Work Small (http://www.thinkbigworksmall.com/mypage/player/tbws/22129/1020959), they reported that some banks with 2nd mortgages on properties going to auction would actually demand money from realtors OUTSIDE of the … (0 comments)

first time homebuyer in vermont: Vermont Mortgages - Home Prices going down even lower? - 01/15/10 01:51 PM
Vermont Mortgages - Home Prices going down even lower?
I want to remind everyone to please help out the earthquake victims in Haiti!  Please see my reblog from yesterday just below this entry on how to help!
You might not think they could be, but an article posted on CNN Real Estate begs to differ.  They cite 3 reasons why the market will see potentially lower real estate home prices this coming year:
1) A new flood of Foreclosure Homes hitting the market, 2) rising interest rates and 3) the end of the tax credit. http://money.cnn.com/2009/12/31/real_estate/home_price_drop/index.htm
Not welcome news, to be … (0 comments)

first time homebuyer in vermont: Vermont Mortgages - Update on Foreclosure filings in Vermont - 01/14/10 02:45 PM
Vermont Mortgages - Update on Foreclosure filings in Vermont
Thanks again for stopping in, everyone, for your mortgage market news.  Today the big story is foreclosures in 2009, since we now have the final numbers in to see how our efforts worked in stemming the number of Vermont Mortgages affected in 2009.
The good news?  Vermont filings for foreclosures are among the best in the country, as less than 1/2 of 1% of homes in Vermont have been foreclosed on in 2009 for defaulting on their Vermont Mortgages.  http://money.cnn.com/news/storysupplement/economy/foreclosures/index.html?cnn=yes&hpt=Sbin This means that Vermont Mortgages are some of the best performing loans in … (1 comments)

first time homebuyer in vermont: Vermont Mortgages - Halloween in December? BAILOUT MODIFICATIONS TANK!!!!! - 01/13/10 12:29 PM
Vermont Mortgages - Halloween in December?  BAILOUT MODIFICATIONS TANK!!!!!
I agree that the government needs to regulate the mortgage and lending industry, Vermont Mortgages included.  Rampant greed has taken far too much steam from the market and tricked all sorts of people into bad lending decisions, so the fact of the matter is, a governmental oversight function is clearly needed to create a uniform lending model that cuts out risky loans from ever hitting the market, and therefore minimizing how many people are dealt with unfairly.  If certain programs, like the one month adjustable rate mortgage, had been illegal from the beginning, … (2 comments)

first time homebuyer in vermont: Vermont Mortgages - Fed spent $1.04T of the 1.25T allotted to buying mortgage bonds already!!!! - 12/04/09 11:22 AM
Vermont Mortgages - Fed spent $1.04T of the 1.25T allotted to buying mortgage bonds already!!!!
You know what this means, folks.  This means that the Federal Reserve will not be buying Mortgage Bonds to hold down interest rates on Vermont Mortgages or any Mortgages for much longer.  From what we are seeing, I anticipate that the Fed will be out of money to do this by the end of January at the latest.  At that point, it is open to debate as to whether or not they will add more money into the bailout to hold our Vermont Mortgages at low interest rates, … (0 comments)

first time homebuyer in vermont: Vermont Mortgages - Rates are low now, but are not going to stay low forever... - 12/03/09 04:00 PM
Vermont Mortgages - Rates are low now, but are not going to stay low forever...
So we have seen some AMAZING pricing lately on Vermont Mortgages, falling down to some of the lowest interest rates Vermont Mortgages have ever been!!!!  Boy do we love that!  What we DON'T love is the fact that we know interest rates on Vermont Mortgages won't stay low forever.  We are in the middle of a perfect storm for low rates right now, with the US Federal Reserve buying mortgage bonds to bolster lenders and the US Economy, but they have only committed to doing so until they reassess the policy into … (1 comments)

first time homebuyer in vermont: Vermont Mortgages - The Tax Credit is Extended!!!! - 11/09/09 11:53 AM
Vermont Mortgages - The Tax Credit is Extended!!!!
Hi Everyone!  We have some great news, to go along with the fact that interest rates on Vermont Mortgages are still at historic lows.  By now, I'm sure you have all heard, the first time homebuyer tax credit has already been extended, as of this past Friday. But did you know that they have made some IMPROVEMENTS?!!!!
1) They have higher income limits to qualify!!!!
2) They added a NEW CREDIT, for buyers who would like to UPGRADE their current homes!!!!  That's right, if you want to upgrade your home, you may qualify … (0 comments)

 
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Alexander B. Pastewski, JD

Burlington, VT

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Address: 298 Mountain View Dr., Colchester, VT, 05446

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A quick hit blog by a leading mortgage expert relating to all things related to Vermont Mortgages. If you are in Vermont and want some info, you've found your home!


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