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loans: 1/1/09 Twin Cities FHA loan Limit decrease ...... - 11/19/08 02:55 PM
Twin Cities Area!
Our FHA loan limits for a 1 unit home is currently $365,000 but effective 1/1/09, they will be dropping down to $318,550.
FHA is still a great program which is insuring most of the riskier, over 80% mortgage paper currently.
If you have a buyer looking in/around the $400k range, … (0 comments)
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loans: Citimortgage............ - 10/09/08 06:51 AM
Here's some news - this represents 9,000 jobs eliminated at CitiMortgage.
(Taken from: National Mortgage News)
CitiMortgage Making Huge Cuts in Wholesale/Broker Network
CitiMortgage, the nation's fourth largest residential wholesaler, is making deep cuts in its table funding unit, cutting 500 account executive jobs, and slashing its broker network to … (0 comments)
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loans: FDIC limit increased to $250,000 - 10/04/08 10:56 AM
This information was emailed to us earlier today..... I hope you find it beneficial
The U.S. Congress has approved, and the President has signed into law, a plan to help stabilize the financial markets. This plan, among other things, temporarily increases Federal Deposit Insurance Corporation (FDIC) coverage from $100,000 to $250,000 on traditional deposit … (0 comments)
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loans: Do you have a Countrywide Option Arm? - 09/26/08 08:28 AM
In our ongoing effort to meet the needs of our customers, Countrywide will waive prepayment penalties (PPP) to facilitate the refinance of all Countrywide-owned Pay Option ARMs. Note: Countrywide Home Loans or Countrywide Bank, FSB must be the current holder of the subject loan. If the customer's loan is held by … (4 comments)
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loans: 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. … (0 comments)
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Michael Schindler
Prescott,
WI
More about me…
Your mortgage guy
Address: N5281 1040th St, Prescott, WI, 54021
Office Phone: (612) 221-5746
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