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interest rates: Tightening Subprime Standards - 03/05/07 06:50 PM
Mortgage lenders are really starting to tighten their standards in the subprime lending area. The subprime customer is one with poor credit history, low equity, those who need to state their income or assets and especially those who want to go to 95% of the value or higher. This represents approximately 15% of potential borrowers.
The reason for the tightening standards: many subprime lenders have gone down in flames in the past few months, due to approving borrowers who ended up defaulting on thier loans. Or, they end up with borrowers who are in "early payment default," meaning that they have … (3 comments)

interest rates: Rate Update...Rates Fall as Inflation Rises (Yes, as inflation rises!) - 02/23/07 02:05 PM
Every week, I send out an email to all local Realtors, titled, "Rate Knowledge going into the Weekend." It includes commentary on the current state of the market and mortgage interest rates and a list of rates and programs. I will also include that information here each Thursday, for anyone interested. It's a concise way of keeping up on rates and also can be helpful when you are working with clients over the weekend and they want more information on where rates are at and where they may be headed. Many local Realtors print them out and use them on the weekend and … (0 comments)

interest rates: Rate Update - 02/15/07 04:33 PM
Every Thursday, I send out an email to all local Realtors, titled, "Rate Knowledge going into the Weekend." It includes commentary on the current state of the market and mortgage interest rates and a list of rates and programs. I will also include that information here each Thursday, for anyone interested. It's a concise way of keeping up on rates and also can be helpful when you are working with clients over the weekend and they want more information on where rates are at and where they may be headed. Many local Realtors print them out and use them on the weekend and … (0 comments)

 

Julia Rogers Segovia

Capitola, CA

More about me…

Wells Fargo Home Mortgage

Address: 2265 41st Avenue, Capitola, CA, 95010

Office Phone: (831) 465-4003

Cell Phone: (831) 419-1195

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