Annapolis Maryland - High Quality Mortgage Advice

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Mortgage and Lending - Apex Home Loans - NMLS #369577
Mortgage ramblings from Lewis Poretz - Mortgage Advice - Market Updates - Problem Solver

ARCHIVED BLOG POSTS

2007 

4 Comments
Ok folks -  I have been away from AR a few weeks and feel a bit rejuvenated.i am looking for everyones input on the top lenders left in the biz. here is mine. 1) - Flagstar -  simply amazing in customer service and speed.2) - Everbank - great preferred jumbo rates - fast underwriting3) - wow -  i...
12/29/2007

2 Comments
Just a few weeks ago, right before the Fed lowered rates a 1/4 percent, business was brisk. Mortgage rates dropped to 2+ year loans. It even made sense to refinance fixed rates for cash out deals and still get at or near their current rate. Converting arms to fixed rates made sense as well.Turn t...
12/18/2007

7 Comments
If you had asked me just one and a half weeks ago, or even as late as the beginning of last week, I would have proposed to you the fact that the Fed will surprise everyone, cut rates by 3/4 of a point and we would be on the verge of a huge "refi" boom. With reports from the economy last week in a...
12/09/2007

7 Comments
Ok  here is a short and sweet post that I hope someone can answer for me.I own a mortgage company in Maryland and when I see the need to get set up with new investors, I pull a tri merged credit report and attach to all the investor packages I plan on sending in. I do this so the investors all us...
12/05/2007

14 Comments
  I am certainly no economist and most my predications come about by just sheer gut feelings. I have no scientific backup to any of my hunches. But as a 15+ year vet of the mortgage game and never witnessing anything like this crisis, I am suggesting the possibility of a 3/4 point rate cut Dec 11...
12/03/2007

4 Comments
wow -  the big boys are falling again! just received an email that Nat City is no longer accepting Jumbo Loans    this is a shocker to me as I believed they would certainly be the ones to weather this storm....    what is next - BULLETIN07-116TO: Wholesale/Correspondent ProductionFROM: National C...
12/03/2007
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