home loan: Refinancing Boom Amid Falling Mortgage Rates - 03/26/08 12:37 PM
Refinancing Boom Amid Falling Mortgage Rates
Mortgage applications nearly doubled last week after the Federal Reserve slashed interest rates by 0.75 percent last week.
Refinance mortgage applications increased by 82 percent last week as mortgage rates begun to decline for the first time since February 2008. Home purchase applications also increased … (0 comments)

home loan: Mortgage Rates, Inflation, Unemployment… Oh My. - 02/21/08 01:57 AM
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home loan: 1/1/2008 – Insured Mortgage Default Record - 01/01/08 01:05 PM

Borrowers who opted to carry Private Mortgage Insurance (PMI) on their homes set a record as 61,300 borrowers were at least 60 days or more on their mortgage payments.  The 34.7 percent increase in defaults reflects on the inability of home owners to keep current on their loan payments.
PMI gives borrowers … (0 comments)

home loan: 12/27/2007 - 2007 Year In Review: The Mortgage Meltdown - 12/27/07 09:29 AM
It's clear to say that the meltdown that the sub-prime mortgage market caused to the U.S. economy and other national economies was one of the biggest financial stories of the year. At the beginning of the year not many people outside of the mortgage industry knew what a sub-prime mortgage was, … (0 comments)

home loan: 12/26/2007 - 2007 Missouri Mortgage News In Review - 12/26/07 01:54 PM
The nationwide mortgage meltdown of 2007 spurred some of the biggest news stories of this year, affecting homeowners and big corporations in Missouri.
Option One Mortgage Corp., a Kansas City based mortgage company, specialized in sub-prime mortgage loans got caught in the meltdown that claimed dozens of mortgage lenders as mounting … (0 comments)

home loan: 12/26/2007 - Montana Avoids Sub-Prime Mortgage Meltdown - 12/26/07 12:56 PM
While Montana has avoided the brunt of the sub-prime meltdown, Montana will not escape the problem all together. Stats show that Montana is well below the national average for just about every category related to the sub-prime mortgage meltdown but homeowners still feel the pains of declining home prices.
In 2006, of … (0 comments)

home loan: Mortgage Lenders Cutting Jobs - 08/21/07 10:47 AM
With the battered mortgage industry, mortgage lenders are scrambling to do whatever they can to save every penny they have and to avoid bankruptcy. 
The latest news comes from Capital One Financial Corp. who announced that it is ceasing operations at its wholesale mortgage banking unit.  This move will result in … (0 comments)

home loan: Don't Get Strong-ARMed: How to Read Your Mortgage Documents - 08/06/07 10:22 AM
Every day you read another horror story about the subprime collapse. Most of the stories focus on the negative impact Adjustable Rate Mortgages (ARMs) will have on subprime borrowers once their interest rates reset. But what's often unreported in these news pieces is the fact that the risk extends far beyond … (0 comments)

home loan: Minnesota Mortgage Law - 07/31/07 05:15 PM
Minneapolis, MN  - On Monday July 30th the Minnesota Mortgage Association held it's monthly meeting to discuss how the new mortgage laws passed in Minnesota will affect how mortgage companies within the state operate.  The panel of speakers included, but not limited to, Wade Abed of Northwest Mortgage also the President … (2 comments)

home loan: Mortgage Rate Forecast for the Week of July 30th, 2007 - 07/30/07 04:44 PM
So the heat is on - and will stay on for the week ahead. The volatile Stock earnings season continues, and as if that weren't enough, the economic calendar also holds several big potential market movers.Lots of economic reports are due for delivery this week, including Tuesday's look at the Fed's … (0 comments)

home loan: Online Mortgage Applications, What Happens After You Hit Submit? - 07/24/07 12:21 AM
Shopping for a new mortgage online can turn into tons of phone calls and emails from mortgage brokers all over the country. It all starts by you filling out a form stating that up to 4 or 5 of the top mortgage professionals will be in contact with you to offer … (0 comments)

home loan: Mortage Rates Forecast of the Week, July 23rd, 2007 - 07/22/07 10:13 PM
So what's coming around the bend for Bonds and home loan rates this week? The economic calendar will be slimmer than last week's, but will include a look at the housing market with Existing and New Home Sales being reported on Wednesday and Thursday. Stocks may also continue to drive the … (0 comments)

home loan: Adjustable Rate Mortgages - The Sad Truth - 07/18/07 10:44 PM
If you have an adjustable rate mortgage, otherwise known as an ARM, you have probably noticed more and more solicitations from mortgage brokers who want to help you get a fixed rate mortgage, especially when that rate is a month or so from adjusting. I'm going to go on a limb … (0 comments)

home loan: The Strength of Your Credit Score Is Key - 07/06/07 11:29 AM
We all know that home values have softened in many parts of the country. We also know that a record number of foreclosures are expected to take place. While these facts are unsettling to say the least, what's most disturbing is that people who are extended beyond their reach run the … (0 comments)

home loan: What Lenders Look for in Home Loan Applications - 07/02/07 10:31 AM
Once your loan application is filled out and sent to the lender for review, the first thing they will look for is your ability to payback the loan you are requesting. My team and I have a streamlined loan process to help you get your ducks in a row prior to … (0 comments)

home loan: Is the US Real Estate Market a Ticking Timebomb? - 06/26/07 11:46 AM
It has been a while since I have heard much good news about the Real Estate Industry showing any sign of improvement.  Many claim that the slowdown has just begun.  Let's take a look at where the Real Estate Industry is at a whole today and then you can make your … (0 comments)

home loan: Interest Rates - When is the Best Time to Lock? - 06/18/07 12:47 PM
When a lender permits an extended lock-in period, the borrower will likely face a higher interest rate or additional fees that could be quoted as points. In other words, the borrower pays for the lender to take on the extended risk of being exposed to potential changes in the market. For … (0 comments)

home loan: Mortgage Rate Forecast for the Week of June 18, 2007 - 06/17/07 01:20 PM
It's a lean, mean economic calendar in store for the upcoming week - with the main interest being a look at the housing sector via May Housing Starts and Building Permits. So what will determine if Bond prices and home loan rates can continue to fight their way towards more improvement, … (0 comments)

home loan: The Bond & Home Loan Markets Are In Turmoil - Is Your Financial Future Secure? - 06/12/07 01:07 PM
Interest rates, including those tied to home loans, soared sharply last week across several markets, alarming consumers and investors alike. Let's examine what caused rates to increase, how it could impact you, and what you should do about it.
The sharp rise we saw last week was the result of an … (0 comments)

home loan: Mortage Rates Forecast of the Week, June 11, 2007 - 06/11/07 11:42 AM
So will the volatility of last week spill over into the coming week? Strap yourself in and keep your hands on the safety bar...heck, you may even want to put on your crash helmet - the week ahead promises to be a very interesting ride, with several influential economic reports hitting … (0 comments)

 
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Jeremy Redlinger

Maple Grove, MN

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Mortgage

Office Phone: (763) 957-0858

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