Rick Pilger's (rap) Blog

  Have you noticed lately that banks and lenders are less willing to deal when it comes to REO and short sales? In fact, we just saw a bank turn down a short sale offer that was only $4000 less than asking ( grant it, they had lowered the price 5 times in 3 months) and let the house go into fore...

I do not like to double post but had a technical issue.  DO NOT MISS this interview with Ohio Mortgage Bankers President Bill Cosgrove as he gives his valuable insight into the the current mortgage and housing market.   http://activerain.com/blogsview/421376/Interview-with-President-of

Do not miss this long awaited interview with Ohio Mortgage Bankers President Bill Cosgrove. Bill shares his professional expertise on the current housing and mortgage market and gives valuable insight as to what we can expect in the future.   Right Mouse click here and select 'Save Target As' to...

There have been a lot of questions of why mortgage rates are not falling in light of all the economic data coming out and the weakness in the stock market.  The disconect between Mortgage Backed Securities and the 10 year Treasury is more apparent than ever. I have included the text of an email ...

Due to a legal settlement between Fannie Mae and Freddie Mac (know as GSE'S) and the New York AG's office the follow sweeping changes regarding appraisals will be coming down the pike fast (see below) It looks like the settlement will be adopted nationwide sometime in the coming months. Loans wil...

I thought I would share one more Classic Car College before we get into some great interview content early next week.  I have included in this cast a replay of an interview from Building Champions. Enjoy and stay tuned early next week for some exciting episodes.   Right Mouse click here and sele...