mortgage info: Why a Good Lender is Worth Their Weight in Gold - 10/16/08 01:24 AM
The escrow I had close today is the stuff that movies are made of, that books are written about, that people laugh and say, "You're making that up."
It had me soooo upset yesterday that I went home early, crawled into a prenatal position on a lounge chair in the sun (my preferred … (6 comments)
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mortgage info: How will the Lehman Brothers Bankruptcy Affect You? - 09/15/08 10:33 PM
My husband called me at work today and asked if I had heard the news? I wanted to sound intelligent, but no, I hadn't heard any news all day. I had been sitting at my computer trying to optimize my listings and assist buyers.
He told me that Lehman Brothers had filed bankruptcy and … (2 comments)
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mortgage info: Crescent City/Del Norte County: The Case Against Waiting to Buy - 03/13/08 12:50 AM
Crescent City/Del Norte County, and every other market, here it is, a convincing reason to buy a home.
I read a wonderful article in Time magazine 2/25/08 edition. What I liked about it is it doesn't deny the housing market is in the toilet, but still finds a way to convince that it … (11 comments)
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mortgage info: Daniel Mudd, Fannie Mae President & CEO Talks About CA's Foreclosure Crisis - 01/29/08 10:11 PM
Below are exerpts from Daniel Mudd's recent conversation with the San Francisco Chronicle regarding California's Foreclosure crisis.
Fannie Mae buys and packages billions of dollars of mortgage loans for resale in secondary markets, which helps to keep interest rates low.
Causes of the current foreclosure crisis:
For a period of time the market … (1 comments)
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mortgage info: California's Foreclosure Crisis - 01/26/08 03:10 PM
Many California home owners are indeed melting into a foreclosure crisis.
I have read many posts lately about keeping things positive. If you are one of the *84,375 California residents who had their home repossessed by their lender in 2007, I think you would agree, a positive spin on the situation is hard … (8 comments)
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mortgage info: Protect Yourself from Mortgage Fraud - YouTube Video by Freddie Mac - 12/27/07 12:47 AM
YouTube Video by Freddie Mac: Protect Yourself from Mortgage Fraud Please take a minute to watch this video so you will be cognizant of this scam. These fraudsters like to prey on the elderly; let's all do our best to ensure that doesn't happen!
Del Norte County is The Other California. Why? … (8 comments)
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mortgage info: What the Bush Foreclosure Plan Means for Home Owners - 12/19/07 06:02 PM
What the Bush Foreclosure Plan Means for Home Owners - The government's plan to aid as many as 1.2 million home owners who are facing foreclosure.
Interest rates that qualify under this plan: You must have received a loan sometime between Jan. 1, 2005, and July 31, 2007, and be facing a reset … (9 comments)
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mortgage info: FHASecure May Be Able to Assist You When Your ARM Resets - 11/28/07 11:37 PM
FHASecure may be able to help you with your house payment.
FHASecure is a new program from the Federal Housing Administration (FHA). The program is meant to assist homeowners with an impending ARM reset refinance their mortgage into a fixed-rate loan.
To qualify for FHASecure, eligible homeowners must meet the following … (2 comments)
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mortgage info: Solutions for the Troubled Housing Market According to Forbes.com - 11/24/07 01:08 AM
How do you fix a troubled housing market? Forbes.com asked real estate experts who said there are solutions:1. Restore investor faith. "Mortgage fraud, by both borrowers and insiders, must be identified and prosecuted in order for faith to be restored in the market," says Anthony Sanders, professor of real estate finance at … (13 comments)
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mortgage info: House Committee Passes Mortgage Reform Bill and What it May Mean For You - 11/10/07 02:53 PM
House Committee Passes Mortgage Reform BillThe U.S. House Financial Services Committee approved legislation on Tuesday creating new consumer protection standards in the mortgage industry. The bill now moves to the full House.The bill drafted by Rep. Barney Frank (D-Mass.) would:
Ban lenders from making loans that borrowers don't have the ability to … (48 comments)
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