has a job
has not been late on their mortgage payment in the last 12 months
is current on their state and federal taxes
GETS THEIR INTEREST RATE MODIFIED TO 4% FOR THE NEXT 5 YEARS. … (9 comments)
mortgage: The Subprime Primer - 09/26/08 03:06 PM
Here is a simple tutorial in layman's (or longshorman's) language that explains how we got into the Subprime mess.
The Subprime Primer … (0 comments)
Hiighlights
Fannie Mae is determined to tearing down the barriers to deliver on the American Dream.
What does this mean. How have you torn down barriers? By lending money to those with poor -- or bad credit? By extending … (2 comments)
mortgage: Country Wide just wrote me a letter - 09/10/08 06:53 PM
Dear _____
"We are writing to inform you that we recently became aware that a Countrywide employee (now former) may have sold unauthorized personal information about you to a third party. Based upon a joint investigation conducted by Countrywide and law enforcement this authorities, it was determined that the customer information … (0 comments)
mortgage: Is Anybody Out There Watching the FREE FALL of Fannie and Freddy??? - 07/11/08 10:28 AM
Damn! It's a friggin MARKET MELTDOWN! Looks like America is going to hell in a handbag.
Right now FRE is down 33% to $5.32 and FNM is down 31% to $9.08
FRE was $63.00 just last October. NOW ITS A PENNY STOCK!
THIS IS NOT GOOD!
mortgage: News Flash - Downpayment Assistance Programs To Be Discontinued by HUD - 10/22/07 04:00 PM
Downpayment Assistance Programs (DAPs) which are funded with seller contributions to the buyer will be discontinued by HUD. Translation: Less chance of buyers qualifying for loans I dont see it as good news for buyers or lenders. Is anyone doing these kind of loans and will it have an effect on YOUR business? … (1 comments)
Related Links:
Randy "Lazarus" McAtee - Owner/Broker Lazarus Realty, Fresno California
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Its Been a Beautiful Summer --- and as much as I feel its important to blog, I dont care to feel OBLIGATED.
;)
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