What makes a successful OPEN HOUSE? - 11/28/07 12:59 PM
First of all, it's not always just about the house itself, it's about the ability to capture potential buyers isn't it?  I'm on the mortgage side but, I can tell you, the last open house I attended I don't think the realtor quite understood this concept.  he had a sign in sheet, he didn't say anything to people, handed out no business cards, etc.  and I thought "what a waste of his time!".  I was there for 45 minutes and had to ask him for his card-of course, I never called him and why would I?  In 6 months he'll be out … (17 comments)

We have now lost 192 lenders since late 2006 - 11/28/07 10:26 AM
Since late 2006 192 major U.S. lending operations have "imploded" here's a continuation from my previous blog post from 8/22/07. 
192. Charter One (Wholesale)191. Wells Fargo - Home Equity190. Paul Financial, LLC189. Webster Bank (Wholesale)188. Fieldstone Mortgage Company187. Tribeca Lending Corp. (Wholesale)186. WAMU Comm. Correspondent185. Marlin Mortgage Company184. Countrywide Specialty Lending183. UBS Home Finance182. MortgageIT-DB (Retail)181. Edgewater Lending Group180. ResMAE Mortgage Corp.179. Citimortgage Correspondent (2nds)178. AMC Lending177. Southern Star Mortgage (Wholesale)176. Liberty American Mortgage175. Exchange Financial (Wholesale)174. FirstBank Mortgage173. Bank of America (Wholesale)172. Diablo Funding Group Inc.171. Honor State Bank170. Spectrum Financial Group169. National City - Home Equity, Correspondent168. Priority Funding … (0 comments)

Loan Limits - 11/28/07 08:49 AM
Today's News... Freddie Mac conforming loan limits are unchanged for 2008
Today Freddie Mac is announcing that for 2008, our loan limits will remain unchanged from their 2007 levels. Through December 31, 2008, Freddie Mac will continue to purchase home mortgages up to the following loan amounts:
For properties in the United States (except Alaska, Hawaii, Guam & U.S. Virgin Islands)
$417,000 for mortgages on one-family properties $533,850 for mortgages on two-family properties $645,300 for mortgages on three-family properties $801,950 for mortgages on four-family properties They have left the loan amounts unchanged because of current market conditions.
Don't forget you or your buyer can buy … (1 comments)

MORTGAGE WARNING! Pricing changes coming! Realtors this effects you as well! - 11/27/07 01:07 PM
This will indeed suck for everyone!  Be ready because it's coming, Fannie and Freddie are implementing this so, in order for the lenders to make these loans saleable, they will have to utilize these add ons.
IMPORTANT !!!!!!!
FannieMae and FreddieMac have recently issued changes to loan level pricing adjustments that will take effect for loans purchased in early in 2008, however our Investors for new locks will need to implement these changes well in advance of the FNMA/FHLMC purchase dates.
These pricing changes are for Conforming Loan Programs with the following terms only:
Pricing adjustments will apply to loans with terms … (5 comments)

How and Where to Advertise Your Home - 11/08/07 03:48 PM
Understand advertising trends to market your real estate.
By Jeanette Joy Fisher
Take advantage of the annual report by the National Association of Realtors profiling homebuyers and sellers. The findings reveal some interesting information about how and where to spend money when it comes to advertising real estate. The NAR survey has been going on for about ten years, and has proven useful over the last decade for being able to predict trends. For instance, it should come as no surprise that one of the most effective tools for marketing homes is the Internet. That trend will likely continue to grow stronger as … (1 comments)

 
Michael Schindler (Your IRA guy!)

Michael Schindler

Galesville, WI

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