Real estate blog entries tagged with mortgaqe crisis by Janet Guilbault California Mortgage Banker/Broker

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mortgaqe crisis: A Babyboomer Trap: Family "Arrangements" Can Destroy Your Ability to Qualify for a Mortgage - 01/02/09 04:58 PM

This is the story of Bethany and Rob, empty nester babyboomers who thought they were doing the loving thing by agreeing to care for an elderly parent. They ending up being being slapped in the face by a harsh lending world that has no sympathy for "family arrangements".
Bethany and Rob … (49 comments)

mortgaqe crisis: 2009: I'm Bullish! I'm Bearish! My Advice? To Cherish ( Some Amazing Opportunites) - 12/19/08 10:39 AM

These sad and shocking statistics came out today about Bay Area home prices, further tarnishing what was once some of the most coveted (and most expensive) real estate in the country: The median price for a home in the Bay Area has plunged an astounding 44.4% from November 2007 … (39 comments)

mortgaqe crisis: Bye Bye Bling Bling: How Luxury Became a Dirty Word - 12/17/08 11:05 AM

If you are feeling a little shameful about how you spent your money in the past, you are not alone. Welcome to the new era of "Luxury Shame".
Bye-bye, bling-bling.
Each year at this time I am reminded of the following sales pitch I used as the former owner of an … (44 comments)

mortgaqe crisis: Losing the PRIVATE OFFICE, and Why I'm Happy About It - 11/06/08 10:42 AM

Private offices for mortgage brokers, once a common thing, are becoming obsolete.
You already know why: mortgage companies, just like my former company, are closing and/or consolidating locations in an attempt to slash costs in this continuing credit crisis. So many people have left the business, and so much work can … (15 comments)

mortgaqe crisis: Waiting for the World to Change and Other Refinancing Mistakes - 09/23/08 01:41 PM

We recently caught a rare glimpse of what lies bubbling beneath the surface of this soup we call the MORTGAGE MESS.
They are the SILENT MAJORITY who didn't walk away from their mortgage. They stayed, paid, and prayed.
And guess what? Not only do they WANT to refinance, they just … (19 comments)

mortgaqe crisis: Aborting the California Dream: An American Corporate Hero Goes Home - 07/10/08 11:42 AM

As the vice president of a major corporation, he had been thrilled when he was transferred from St. Louis to the San Francisco Bay Area.
Yesterday, after nearly a year of cross country commuting, his St. Louis house still not sold, and his California mortgage still not solidified, he threw … (10 comments)

mortgaqe crisis: Beyond McMansions and SUV's : The TOP TEN Changes Coming to California - 05/18/08 12:10 PM

Here in California, we will be winding down this decade with a new sense of ECONOMIC AWARENESS and ENVIRONMENTAL SENSITIVITY. We are a little older. We are a lot wiser.
Perhaps we are a little battered and a little bruised from all those issues that ended with the word "CRISIS". But hey, as they always say, "As California goes, so … (25 comments)

mortgaqe crisis: If The Seller Is a Bank, You Just Don't Rank - 02/16/08 10:24 AM

In this brave new mortgage world, where at least half of all sellers are either lending institutions or agencies that represent these lending institutions, can I just say this? I MISS THE "REAL SELLERS".
You see sellers used to be real people who actually cared about closing on time. They had a real estate … (22 comments)

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