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mortgage rate: Making Home Affordable Update -- FAQs - 05/12/09 07:42 PM
I have received a lot of feedback on my original posting entitled "The Home Affordability Refinance Program." You can read the original post and comments here. The goal of my original posting was to provide information regarding the newly announced "Making Home Affordable Program." Here' s a quick review:
The program has two components: the modification program -- designed to reduce the monthly payment of struggling homeowners to a more affordable level to keep them in their homes; and The refinance program -- designed to allow homeowners to refinance into a lower rate who are not able to qualify otherwise because of a loss … (8 comments)

mortgage rate: Little Jimmy and the Tenor Saxophone - 04/21/09 04:13 PM
I could hardly contain myself.
FINALLY, after all the discussions on proper etiquette and respect and etc. etc., the days of torture were over. There they were, lined up along the wall in all their glory. 

It was like I was at opening day at Kentucky Derby - anxious energy, nipping at the other horses, chomping at the bit ...
The gates flung open and I dashed across the room. I had spent literally minutes mapping out my strategy to get to the right section. Past the flutes, dodge the baritones beyond the trumpets and just before the clarinets.
 
… (0 comments)

mortgage rate: Donald Trump, YOU'RE FIRED! - 04/15/09 03:15 PM
An article was released today quoting The Donald in a phone interview on CNBC's "Squawk Box."
The article quotes Mr. Trump as saying:
"The banks are not lending money, there's no money out there, no matter how strong you are, no matter how good your deal is, if you go to a bank today they virtually laugh at you if you're asking for money. They don't have money or they're hoarding money,"
OUCH.
Here's the full article, and it had a pretty catchy title: Banks 'Virtually Laughing' at Loan Seekers: Trump
But if you take the time to watch/listen to the interview -- which most of us don't … (0 comments)

mortgage rate: Mortgage Rate Update -- Holding Steady - 03/31/09 09:26 PM
Mortgage rates held on to improvements made over the previous sessions today. Little Mr. Doubting Thomas here was sure they were going to climb back up.
 
DARN YOU MAGIC 8-BALL!!!!!!
 
Lucky for you fence-sitters out there, you got to weigh the pros and... well, they're really all pros... for another day.
I leave you with one of my favorite quotes:
"Good things may come to those who wait, but only the things left behind by those who hustle." Abraham Lincoln.
 
Let's show some hustle people! Pick up those knees! MOVE! MOVE! MOVE!
 
:)
Thanks for reading! --James Wirth
… (0 comments)

mortgage rate: The Home Affordable Refinance Program - 03/04/09 02:16 PM
Please see the bottom of this post for updates and lots of great comments below that!
Original title of this blog was "The Home Affordability Refinance Program" (corrected from 'affordability' to 'affordable') once the program title had been verified.
As announced in February, the terms of the $75 billion foreclosure mitigation plan were released today. You can read the CNBC article here.
Here are my Cliff Notes:
The Home Affordable Refinance Program will be available to 4 to 5 million homeowners whos mortgage is currently owned by Fannie Mae or Freddie Mac and aimed primarily at people facing 'imminent hardship.' Borrowers … (103 comments)

 
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James Wirth

Everett, WA

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Address: Everett, WA, 98208

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James Wirth here, and T-H-A-N-K--Y-O-U for visiting my blog! Here I hope to inspire, educate, and coach those affiliated with the Real Estate industry on how they can better market themselves online & connect with past, present and future clients/customers/contacts


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