mortgage news: I just lost another loan to ditech, oh wait is ditech still around? barely! - 09/03/08 02:10 PM
I am sure you already heard, its going thru the financial networks and the blogging world faster than I can keep up with it. I just heard about this from a colleague of mine. GMAC Financial just announced they are laying off 5,000 employees. Here is a post from AR who broke the story … (17 comments)
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mortgage news: Well, The Feds Might Have Opened Up Pandoras Box! - 12/06/07 02:40 PM
I just got this email, from a client of mine. He just got word that the Feds are going to bail out homeowners who cannot make their mortgage payments due to a reset in Rate.
I am wondering if this will set a huge amount of people off.
Here is his … (11 comments)
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mortgage news: Mortgage Market Reports Updated Daily on my Website - 11/04/07 10:35 PM
I wanted to share the newest feature that I added to my website. I now have a link on my front page that links you to my daily market report. This financial report is updated Monday thru Friday every morning to update you on the rate trends and where the mortgage … (0 comments)
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mortgage news: GET MOTIVATED? or GET SCAMMED? - 10/31/07 12:08 AM
Phoenix, Arizona
Today I went to the GET MOTIVATED! event presented by Peter and Tamara Lowe at US Airways Center in downtown Phoenix. This event comes into town about once a year, and the event is your normal inspirational, motivational speaker event to re-energize the batteries. Now, I really enjoy these events, and this year they had … (29 comments)
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mortgage news: Arizona News: One Sided Toxic Story Hit My Local Newspaper - 10/22/07 01:09 AM
Normally I do not read my local newspaper. If I do happen to pick up a paper, it's usually the Sunday edition, so my wife and I can look at the sales and cut coupons. Yes these days, we are back to being bargain shoppers.
Anyhow, my wife wakes me up this … (7 comments)
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mortgage news: Another Update about the Ameridream DPA Program - 10/19/07 08:06 PM
I have been trying to keep everyone updated on what is going on with Ameridream, and just got another update from them today. They have asked for me to share with as many people as possible. I am a big supporter of DPA's and feel they do have a viable market … (2 comments)
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mortgage news: Should I use the Home Builders Lender? - 10/19/07 06:05 PM
Homebuilders are offering so many incentives today, just to get your signature on the contract. They may throw in a free pool, incentives as high as $20,000.00 to $30,000.00 and no closing costs. Heck I heard one home builder advertising the other day on the radio, and they were giving away gifts worth about … (126 comments)
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mortgage news: Another Update about the Ameridream DPA Program - 10/15/07 02:41 PM
I have been trying to keep everyone updated on what is going on with Ameridream, and just got another update from them today. They have asked for me to share with as many people as possible. I am a big supporter of DPA's and feel they do have a viable market … (2 comments)
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mortgage news: An Update from Ameridream as a Viable Down Payment Assistance Program - 10/09/07 06:08 PM
I do not usually like to do like to continue a discussion from another post, but I have been getting so many calls myself about if Ameridream will be in existence at the end of the month, that I thought I would share what I have gathered from Ameridream themselves.
First of … (4 comments)
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mortgage news: Credit repair might be required to refinance your adjustable rate mortgage - 09/09/07 04:06 AM
Recently, I have been calling my clients that are in adjustable rate mortgages(ARM)s about refinancing their mortgage loan before the rate adjusts on them. Most ARM's have a certain amount of time that the interest rate is fixed. Most are fixed for 2,3,5 or 7 years. After this period of time is up, the loan … (6 comments)
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mortgage news: Home in 5 Bond Program VS. Ameridream DPA, Maricopa, Arizona - 08/17/07 12:57 AM
Here are 2 ways I help put more homeowners into homes.
VS
The home in 5 is a great program. Its a bond issued through the county. It gives the buyer 5% towards downpayment and/or closing costs.
Pros:
5% to be used toward buyers closing costs/prepaidNo Seller Contributions are necessaryLender has flexible … (4 comments)
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mortgage news: Thornburg may be the next Victim in the Mortgage Meltdown Saga - 08/14/07 09:02 PM
My company Cherry Creek Mortgage Company announced today that Thornburg an Investment Mortgage Bank might be the next victim to the mortgage meldown.
The Stock feel 46.71% today and they halted the trading all together.
Thornburg seems to be an innocent victim in a very volatile market. Their portfolio has no delinquency and … (7 comments)
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mortgage news: Tempe, Arizona, Mortgage Planning Services for First Time Homebuyers: - 08/13/07 11:56 AM
Are you looking to buy your first home, but do not understand the process? Are you needing funds for down payment assistance? Were you turned down by other lenders who do NOT specialize in these types of loan programs? Well look no further, you have come to the right person to help you. I have … (0 comments)
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mortgage news: A Nation of Spenders NOT Savers - 08/12/07 01:43 AM
Is this what your savings account looks like? For most of us it is.
A friend of mine recently commented on one of my posts and asked for me to explore in more detail about raising rates not just in certain sectors of the mortgage lending arena, but how this is starting to … (4 comments)
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mortgage news: Arizona Housing Slowdown Hits Home Today - 08/09/07 01:32 AM
Today, the housing slowdown in Maricopa County, finally came like a cannonball hitting my ship.
One of my favorite agents who I have a great referral relationship shared with me that his daughter who works for a title company as an escrow assistant got laid off.
This is not to unusual, since … (2 comments)
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mortgage news: Is your best friend FREEKED? - 08/04/07 12:10 AM
My best friend called me tonight and was in an uproar and wanted to have me discuss and explain the current housing market. He invests mainly in the stock market and is an avid supporter of Cramer. I guess Cramer took a stab at explaining the housing market effects on the … (4 comments)
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mortgage news: Will Your Mortgage Lender Be in Business Tomorrow? - 08/02/07 07:50 PM
I just got an email a day or two ago that Wall Street Banks are tightening up further on Alt A and Subprime lending and that they will be buying less paper. Then the next day, I hear that American Home Mortgage who is a pretty big mortgage company lost its investor … (4 comments)
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