Preventing Fallout: 5 Questions Every Agent Should Ask (Part I) - 06/20/07 06:14 PM
Preventing fallout is a high priority right now in this shakey market.  Escrows are falling apart at unusually high rates.  The usual issues, repairs, property values, and buyer’s remorse, are now coupled with short-sales, bank REOs, and contingent offers.  These are professional realities for those of us in the business, and much of this stuff lies beyond our control. 
But one factor within every agent’s control is buyer pre-qualification. 
Over the past few years we successfully taught buyers to get pre-qualified before they go home shopping.  Then we kicked back, thinking the job was done.  Today, buyers show up already pre-qualified, and … (0 comments)

Sacramento Mortgage Rate Update: What the hell happened? - 06/19/07 07:21 PM
I came back from two weeks vacation last Tuesday to find rates half a point higher than when I left.  You just can’t take your eye off things for a minute anymore.  But seriously, 6.625% at one point.  That’s a serious increase for a two week period.
So What Happened?(read the answer) 
… (0 comments)

Is This the End of Credit Score Piggybacking? - 06/19/07 12:37 PM
You may be familiar with the credit improvement trick of piggy-backing on someone else’s good credit to improve low Fico scores. Usually this is done to build scores for a son or daughter with no credit or to rebuild credit for someone who has had problems.
I feel dumb for being even a little surprised that there are on-line businesses encouraging and facilitating the use of this tactic—and worse—between complete strangers to game credit scores and defraud lenders. See the Mortgage Fraud Blog’s post for a good analysis of the problem.
Here’s another article I saw today, apparently one of many … (2 comments)

 

Marc Brinitzer

Sacramento, CA

More about me…

Big Valley Mortgage

Office Phone: (916) 791-3760 x 340

Cell Phone: (916) 761-3760

Email Me



Links

Archives

RSS 2.0 Feed for this blog