five star mortgage: Another casualty of the Sub-Prime Massacre: The 2/28 ARM - 07/18/07 05:25 PM
This seems to be a common theme now-a-days in the sub-prime market; casualties. If it isn't a Mortgage Bank, its a Mortgage Lender or a Loan Officer and now I believe we have seen what is next!
Mortgage Loan Products!
-----------------------------------
According to the Wall Street Journal article by James R. Hagerty:
Some lenders … (9 comments)
|
five star mortgage: Two-Thirds of US Adults Believe Current Mortgage Product Advertising and Marketing Lacks Credibility - 07/16/07 03:06 PM
Please see my thoughts below:
____________________________________________________________________________________________
According to the The Harris Poll ®#70, July 16, 2007
Two-Thirds of US Adults Believe Current Mortgage Product Advertising and Marketing Lacks Credibility
The Overall Sentiment Towards Most Of The Various Mortgage Options Is Generally Unfavorable
Given all the negativity surrounding the sub-prime mortgage marketplace, it is no surprise that consumers … (7 comments)
|
five star mortgage: Proud Member of National Association of Mortgage Brokers (NAMB) - 07/15/07 02:13 PM
I am extremely excited as I just received my membership package from NAMB. I am proud to announce that I am a member of the National Association of Mortgage Brokers (NAMB). Although there are several benefits to be a member I think I am most inclined to share the CODE OF … (4 comments)
|
five star mortgage: As your Mortgage Partner, I advise you to... - 07/13/07 02:13 PM
Have you ever heard a professional say "As your ____________, I advise you to________." I am sure most people have at some point in their lives. Typically, we need advice or consultation from a Doctor, Attorney, CPA, or some other professional that is considered an expert in their field. It may … (4 comments)
|
five star mortgage: Instructions on blogging: 1. Write Blog 2. Post Blog 3. DUCK!!!! - 07/12/07 02:49 PM
Well everyone, I guess I did it! I wasn't expecting the fireworks that transpired with my post from a couple of days ago, http://activerain.com/blogsview/143466/LandAmerica-Group-Inc-suspended, but they were there, LOUD AND CLEAR! Here I believed that I was merely passing on some information that I thought our Active Rain Community should have … (7 comments)
|
five star mortgage: New HUD Unit to Oversee Lending - 07/12/07 10:46 AM
PLease see my notes below:
New HUD Unit to Oversee Lending
Washington Post (07/12/07) P. D2To look into possible discriminatory practices by mortgage companies, HUD has established a fair-lending unit staffed by an economist and five fair-lending experts. In addition to investigating complaints, the division will examine lending patterns for evidence of bias.
My … (2 comments)
|
five star mortgage: LandAmerica Group Inc. suspended by Amtrust: What is the reason? (Updated with new information) - 07/10/07 05:29 PM
Typically when I receive new updated information I would just edit my blog post but I believe with the information that Adrian Talamantes provided this deserves a new post. I have copied my original post from yesterday below also. I have included a link that Adrian was kind enough to pass along regarding the … (58 comments)
|
five star mortgage: 100% Stated Guideline Changes on Seconds at Countrywide; This loan is all but gone! - 07/10/07 11:03 AM
I just received this email from our Countrywide rep. See below for my notes:
----------------------------------
Reduced Doc (Stated Income Verified Assets) 100% CLTV Changes As a result of further market contraction and limited liquidity, the below changes have been made to Reduced Doc (SIVA) loans > 95% CLTV. These changes are effective immediately. … (6 comments)
|
five star mortgage: Nevada Commisioner of the Mortgage Lending Division announces his resignation! - 07/06/07 03:02 PM
Lending regulator plans to resign Interim commissioner named to Mortgage Lending Division By JOHN G. EDWARDS REVIEW-JOURNAL Gov. Jim Gibbons' administration is changing the top regulators over private lenders, banks and other financial institutions with the appointment of a new commissioner and the departure of another.
Scott Bice, 46, commissioner of the … (1 comments)
|
five star mortgage: 100% Financing is still available: My Community 100 Program - 07/06/07 02:33 PM
There is still plenty of 100% financing available for low to moderate income households. I have been using this program alot and it is extremely flexible. I started to write a blog post about it but then I realized who better to explain the program than one of the banks that … (4 comments)
|
five star mortgage: Hey we are at the airport! Let's Party! Las Vegas Baby! - 07/05/07 03:21 PM
Everyone knows that Las Vegas is one of the most frequented destinations for anyone that wants to getaway and...uh...party and gamble! Young or old, rich or poor, foreign or domestic that is at the top of the priority list when they get here! They might say differently but trust me that … (4 comments)
|
five star mortgage: Happy Fourth of July! - 07/04/07 11:57 AM
Be safe in your celebrations!
Your mortgage partner for life,
Rey "Steak Dinner" GallegosSenior Loan OfficerFive Star MortgageEmail: rey@Steak-Dinner.comWebsite: http://www.steak-dinner.com/My Blog: http://activerain.com/blogs/steakdinnerYour complete community mortgage broker!Thank you for your referrals! … (1 comments)
|
five star mortgage: First Time Home-Buyers: Help them get ready for their first purchase! - 07/03/07 04:15 PM
I have made it a habit to help people that weren't particularly ready to purchase a new home.
I have heard so many stories about Loan Officers that would have a 2 minute conversation with someone, realize they were quite ready to buy, and kick them to the curb! They simply … (2 comments)
|
five star mortgage: Rey, why do they call you "Steak Dinner? - 07/02/07 05:35 PM
As a Mortgage Loan Officer, the hands down most asked question of me isn't about rates, programs, fees, or my experience in the industry.
It is "Rey, why do they call you "Steak Dinner"? We'll for all of those out there that want to know here it is!
When I first got … (8 comments)
|
five star mortgage: Jazz on the Lake! A real getaway! - 07/02/07 12:38 PM
For those of you in the Las Vegas area I am sure you heard of Lake Las Vegas. For those of you that are not in Las Vegas you should really find out about this hidden gem! This is how they describe it on the website:
"Sculpted from the rugged desert terrain … (1 comments)
|
;)
Links;)
Tags (Tag Cloud);)
Archives
