It's a buyer's market out there-take advantage of it! - 10/28/07 10:47 AM
Good morning!  It's an absolutely gorgeous day up here in the Pacific Northwest and I was thinking yesterday what a wonderful opportunity it is for consumers to buy a home right now.
In Seattle, we've been largely immune from the real estate ills affecting other parts of our nation.  Still, we currently … (5 comments)

Get excited about your business-it's never dull! - 10/26/07 03:44 PM
Just so all of you don't think I'm a downer I thought I'd share with you all the great reasons we do what we do.
1) We get to work with great borrowers, realtors, title companies, appraisers, and escrow agents.
2) We're allowed to build our business the way we see fit.  Where … (6 comments)

The crisis deepens-let's get real folks - 10/24/07 10:01 PM
Hello all:  I read today that Countrywide has 19% of its loan portfolio in Pay Option ARM's set to adjust until 2011.  This is in addition to the billions it owes, the thousands of real estate owned properties it owns, and the prospect of up to $2 billion in losses in … (2 comments)

mortgage originations predicted to fall 18% in 2008 - 10/17/07 08:27 AM
Good morning:  I was reading my local paper the Seattle Times (www.seattletimes.com) this morning and saw a national release that stated that mortgage originations would fall by 18% in 2008.  The prediction was that the market wouldn't start to correct until 2009 at the earliest.  I think they're right.  Yes, I know, … (5 comments)

reverse mortgages-are they for you? - 10/11/07 12:54 PM
A colleague and I recently were invited to my Church to give a presentation to twenty five seniors on the benefits of a reverse mortgage.  The last statistics I saw indicated this is a $7 billion dollar business and, in my opinion, the numbers will greatly increase as our population continues … (0 comments)

Mortgage accelerator programs-are they a good deal for you? - 10/10/07 06:56 PM
A friend of mine today told me about the "mortgage accelerator program" where a homeowner has a large line of credit to pay their bills as opposed to carrying a traditional mortgage.  He asked me what I thought of this concept and my first thought was it sounded fishy.  I commented … (5 comments)

Seattle mortgage market news - 10/08/07 09:11 AM
Hello everyone:  Last Friday, the newspapers in the Seattle, WA. area reported that the median sale price of a home decreased for the first time in years.  Granted it was only $500 but this is significant in an area where we've generally been immune to what's going on around the rest … (2 comments)

Good news on the jobs report means mortage rates probably won't fall - 10/05/07 01:04 PM
Good morning:  The September jobs report showed a gain of 110,000 jobs nationally.  That's great news coming on the heels of August's job report where there was a net 4,000 job loss. This means that mortgage rates may stay the same until the Federal Reserve decides what they want to do with … (2 comments)

 
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