mortgage professional: Interesting Article in the WSJ - 06/02/08 01:42 PM
Entitled...
Attention Home Buyers: Lock in Your Rate
That headline grabbed my attention - I'm sure it did you.
Brett Arends makes some very good points in the article. As you might guess he sees rates going higher, much higher, sooner rather than later.
Where have I heard that before?
… (4 comments)
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mortgage professional: Shopping by Good Faith Estimate? - You Lose! - 06/02/08 08:21 AM
The Good Faith Estimate Scam
Here's the truth.
A loan officer can out right lie on the GFE.
Surprised? Don't be. They can and some will lie to you for one reason, to get your loan.There are a lot of bad people out there in all aspects of the … (6 comments)
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mortgage professional: It Takes Just 3 Words to Stop the Rate Lock Scam! - 05/29/08 07:50 AM
I know... "What Rate Lock Scam? Never heard of it."
The other day I gave you the power to determine if you were being Bait and Switched on your mortgage loan. There was a lot to digest there.
Yesterday, I gave you the ability to look up a Loan Officer and … (4 comments)
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mortgage professional: Jumbo Mumbo Jumbo - 05/08/08 12:16 PM
Jumbo Rate Locking
It's a shame that a great idea can sometimes be dragged down by others.
Yes, I'm still touting Jumbo Mortgage Rates.
Here's a synopsis of what happened.
Tuesday, May 6th: Fannie announces to that they are going to enable lower interest rates for Jumbo Mortgages - pushing … (3 comments)
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mortgage professional: Will Brent Bring Down Zillow Mortgage? - 04/09/08 12:46 PM
I like Zillow Mortgage Marketplace. I really do. I can't say I like the Mortgage people who are there right now.
Look out!
Here Comes a RANT.... Case in Point:
Here's a wonderful piece of trash. This was a quote request where the Walnut Creek homeowner was looking for a … (27 comments)
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mortgage professional: The Feds, Rogue Traders, & Jumbo Rates - 01/28/08 09:59 AM
This weekend I was at my local lumber yard picking up a door for my bathroom remodel. Dolan's Lumber employs some of the most knowledgeable people in the industry.
I'm a weekend warrior when it really comes to it. I know the right end of the nail, maybe … (3 comments)
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mortgage professional: California Lien - ing - 01/09/08 09:18 AM
… (11 comments)
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mortgage professional: Top 20 Bloggers? - 01/04/08 03:34 PM
Once Upon a Time...
According to one of the best in the mortgage business,
The Mortgage Cicerone
Mike's Minute was voted one of the top 20!
The Storytellers:
Mike Mueller - A long time blogger that not only contributes at Lenderama, he maintains his own site at Mike's Mortgage … (32 comments)
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mortgage professional: Why not get it right? - 10/17/07 10:02 AM
Sometimes I am accused of preaching. It's true, I sometimes do. Lately I have been preaching that the media is presenting a rather skewed picture. I often mention that they are getting it wrong. They are. I am watching a guest on CNBC right now that just mentioned that there … (7 comments)
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mortgage professional: First Time Buyers? - YES! - 10/11/07 01:15 PM
I wanted to share a short story with you.
This is Reza.
Reza is 29 years old, he works as a bartender.
Tomorrow morning Reza will become the owner of his first home. That's right, Reza is a First Time Home Buyer. This picture was taken yesterday just after Reza signed his loan … (10 comments)
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mortgage professional: "... know that I am here, backed by Countrywide" - 08/20/07 09:51 AM
That's how the email ends. The exact same email I have received over and over again, seemingly written by individual loan officers. In truth, it's a propaganda piece sent out by the corporate office straight to the front lines. The Loan Officers. They are supposed to cut and paste the … (9 comments)
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mortgage professional: Feel the Pain - 08/08/07 09:13 AM
At first I was just going to let this slide off into obscurity. I can't.
On Friday, I watched Jim Cramer of CNBC have his own personal on camera meltdown. I'm not a big fan of Cramer, but I certainly can feel his pain.
Cramer was upset by the Fed's not paying attention … (17 comments)
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mortgage professional: 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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mortgage professional: 10 Year Treasury Note Truth - 06/12/07 06:15 PM
The truth is that the 10 Yr. Treasury Note does NOT create long term mortgage interest rates.
The truth is that it tends to mirror them.
So when we see a 3 month period like this...
and we see a 5 Day period like this...
And we see a morning turn into an afternoon … (2 comments)
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