Federal Reserve Cuts Key Interest Rate by Half Point - 10/30/08 10:29 AM
Federal Reserve Cuts Key Interest Rate by Half Point The Federal Reserve, winding down a two-day meeting on interest rates, has cut the funds rate from 1.5% to 1% as it faces the worst financial crisis in decades.  What does this mean to you and/or your clients?First, for the second time in a month The Federal Reserve has lowered rates by .50%, which means the rate on your Home Equity Line and other revolving / personal loans tied to Prime will be lower by at least 1% on next months statement. So, that means if you owe $100,000 and your rate … (0 comments)

Californians Lose Record Number of Homes to Foreclosure? Preventable? - 10/26/08 11:45 PM
Good Evening!Californians lose record number of homes to foreclosure, according to the Los Angeles Times article released just this week. Was this preventable? To a certain extent, yes. A record number of homes were lost to foreclosure in California over the last three months, up 228% from last year to a high of 79,511 homes. MDA DataQuick reported that more homes were taken back by lenders in the three months ending Sept. 30 than at any time since the company started tracking foreclosures in 1992.What's the solution to this problem? How could it have been avoided?A:  Loan Work Outs - Loan … (0 comments)

Option ARMs Killed WAMU, But Why? What did Mortgage Brokers Contribute to the Failure? - 10/16/08 11:32 AM
Good Afternoon! I write you for two reasons today.  First, to share some insights with you about WaMu and Option ARMs and second, to share with you our teams views on how traditional Loan Officers failed to guide your clients with this type of loan. 
Why is what I'm about to share with you important? Because is will affect YOUR business moving forward! Working with the right planner is crucial to your success!
The option adjustable-rate mortgage (ARM) will be the loan that will be blamed for Washington Mutual's demise. The bank believed the loan was a creative mortgage that would … (9 comments)

New FHA Program Offers HOPE to Homeowners! - 10/06/08 05:58 PM
FHA Launches New Program to Help Lenders Refinance Troubled Loans Carrie Bay | 10.03.08 The Federal Housing Administration (FHA) rolled out the new Hope for Homeowners (H4H) program on October 1. The program was created as part of the larger Economic Recovery Act of 2008 passed by Congress this summer, and is aimed to help struggling borrowers avoid foreclosure by refinancing into more affordable, sustainable, FHA-insured mortgages.H4H lets lenders and servicers with homeowners at risk of default or foreclosure turn "beyond-their-means" home mortgages into new government-backed 30-year fixed rate loans with lower payments. FHA said that given their fiduciary responsibilities and … (1 comments)

What Is Happening (For Real This Time!)? - 10/01/08 07:08 PM
Only Successful People Fail       "When you make a mistake, don't look back at it long. Take the reason of the thing into your mind, and then look forward. Mistakes are lessons of wisdom. The past cannot be changed. The future is yet in your power." ~Phyllis Bottome1884-1963, Novelist and LecturerGood Afternoon!Well, what can I say?  These times are difficult and we all know it.  While I see amazing opportunity in every downturn for those who have prepared for it by seeking pro-active advice from their team of experts, I'd rather take a moment to share with you exactly what has happened that … (0 comments)

 

Kurtis Kooiman

Huntington Beach, CA

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Straightline Group, Inc.

Address: 16872 Bolsa Chica Street, Suite 101, Huntington Beach, CA, 92649

Office Phone: (714) 274-9325 x 14

Cell Phone: (714) 981-3644

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