homeowner: Embed This Video - 06/23/08 12:38 PM
Embed This Video
I prefer you did, but it doesn't matter if you do or you don't. The conversation will still happen.
As I was walking into a BBQ the other day, the thought "I wonder what we'll be talking about" zipped across my mind. They all know I'm in the … (7 comments)
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homeowner: Please Fasten Your Seatbelts... - 08/07/07 12:09 PM
In the Wall St Journal today is an article, "Mortgage Fears Drive Up Rates On Jumbo Loans".
I want to draw your attention to the chart that's included. In particular, it shows the 10 Yr Treasury Bond Yield and both the Conforming and Jumbo Rates since last January.
Let me make this … (6 comments)
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homeowner: You Only THINK You Were Approved - 08/02/07 09:39 PM
You better start paying attention. This is not a post about Sub Prime. Sub Prime has it's woes, and it doesn't matter if it's rightfully deserved or not, Sub Prime is in a world all it's own. Or so we thought.
On Monday, trading for a American Home Mortgage, a large … (13 comments)
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homeowner: Sometimes Holidays are for Worrying... - 07/03/07 10:39 AM
With the Fourth of July holiday tomorrow I am looking forward to the Parade, the BBQ, and the Fireworks.
Holidays are times for us to slow down, to catch up with the Family, to reconnect with Friends.
Holidays are also times when our busy day to day schedules take … (2 comments)
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homeowner: Of Pools and Puddles... - 06/22/07 11:18 AM
Long term mortgages and the rates and terms they carry are determined by a couple of different factors.While many people mistakenly think the Fed's control mortgage rates they are in fact determined by Mortgage-backed securities (M.B.S.).M.B.S.'s are created by pooling loans and selling bonds with coupons based on the mortgage … (0 comments)
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homeowner: Existing Home Sales for April 2007 - 05/25/07 10:35 AM
The National Association of Realtors just released the data for the existing home sales nationwide.
I have a bias towards the "Existing" figures as opposed to the "New" home sales which were reported yesterday.The Existing numbers are based on facts. Sales that have closed. They also account for 85% of … (0 comments)
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homeowner: Work It Out? - 05/08/07 11:25 AM
I came across what might be a very valuable site for homeowners in trouble.It's called WorkItOut.comI did a little background checking and although the site is in "beta" it is NOT an start up.From the outside it appears to be on the up and up.It was originally registered with Network … (7 comments)
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homeowner: The Foreclosure Crunch - 05/07/07 10:14 AM
This is part Three in a Four part series of articles detailing the changing mortgage market.The Foreclosure CrunchThe Foreclosure Crunch is closely related to the LTV Crunch.In fact, both crunches fuel on each other.I would suggest you first read the LTV Crunch before you dive into this easy concept.Now where to … (2 comments)
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homeowner: The Credit Crunch - 05/01/07 03:50 PM
You may hear from time to time about the Transparency of Real Estate.There are people and companies marketing this term daily.It refers to the general idea of the borrower or clients ability to see and know what is happening "behind the scenes".I'm all for that!In the broader sense, I like … (3 comments)
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homeowner: Should We Bail? (continued) - 04/17/07 01:30 PM
Here is a follow up to my post yesterday titled Should We Bail?
I was reading that Fannie Mae and Freddie Mac are both working on programs designed to keep people from going into foreclosure. At this point, no specific details are available. Most of the loan amounts in my area, Walnut … (2 comments)
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homeowner: Should We Bail? - 04/16/07 11:18 AM
There's a fierce debate going on right now.It's a national debate but reaches right into my area.It's going to have an influence on the home loans that happen right here in Contra Costa County.It involves the collapse of the sub prime lenders.It involves the coming rise in foreclosures.It involves politicians.It … (4 comments)
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homeowner: March Median Prices Up 3.1% in the Bay Area - 04/13/07 11:57 AM
The median home prices local buyers paid for a home in the Bay Area last month (March) was $639,000.That's a gain of 3.1% from the previous month (February).For the the same time last year the median rise is 2.1% (March 2006 - March 2007).March figures tend to be higher than February … (0 comments)
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homeowner: I took part in a Train Wreck - 04/12/07 09:35 AM
I had a phone call the other day from a former client.It was another call for help, I had placed a Hard Money Loan for her a year ago.She had first contacted me when her lender filed a Notice of Default on her home.She was working but fell behind in … (2 comments)
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homeowner: Existing Home Sales UP! - 04/03/07 05:48 PM
Good News!The National Association of Realtors (NAR) released their numbers for Existing Home Sales in February.Internally this is called the PHSI, or Pending Home Sales Index.It tracks the number of contracts signed.Nationally, the number of sales of existing homes rose in February .7% over January numbers.
The biggest gains were in the … (0 comments)
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homeowner: East Bay, Hot Bed of Defaults - 04/03/07 04:43 PM
I read an article in the Contra Costa Times yesterday.It was also covered by all the news stations."Loan Defaults are the Worst in the East Bay!"Hey, I can see that.I blame all sorts of people here: LINKGood people have been mislead into signing for more house than they can honestly … (0 comments)
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homeowner: The D Word - 03/30/07 10:27 AM
Let me take you back to the 70's...1977 to be specific.I had just graduated from Las Lomas High School in Walnut Creek, CA.It was a hot dry summer but more importantly I remember they called it a drought.Technically a drought is more than one year. A single year is called a … (2 comments)
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