las vegas mortgage loan: Stated Income Loans In Nevada - 10/22/07 12:04 PM
Many people have inquired about the ability to do Stated Income Loans in Nevada due to the recent Assembly Bill 440 that was passed and went into effect on October 1, 2007. The answer is Yes I can still Stated Income Loans in Henderson, Las Vegas, and all of Nevada!Just to clarify, Five … (5 comments)
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las vegas mortgage loan: Thank You Active Rain: Another Success Story! - 10/11/07 06:18 PM
I just wanted to share with everyone another Active Rain success story. About six weeks ago Active Rain delivered a wonderful client to me while I was fast asleep. She had found one of my blog posts, which I believe was Another 100% Financing Program Available: The Community Accomodation Loan. After reading … (13 comments)
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las vegas mortgage loan: Fast Mortgage Refinance Quote's & Home Purchase Pre-Approval's - 10/11/07 02:56 PM
Homeowners and Potential Homeowners: Contact me right away for a Mortgage Refinance Quote's & Home Purchase Pre-Approval's from your Las Vegas, NV Mortgage Loan Officer, Rey "Steak Dinner" Gallegos. Approved in NV, NM, UT, CA, FL, & AK! Currently the mortgage industry is in transition so you need an experienced, trusted Loan Officer … (0 comments)
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las vegas mortgage loan: Home Lending Direction "Flight to Quality": Mortgage Industry - 10/09/07 05:21 PM
Home Lending Direction "Flight to Quality": Mortgage IndustryI have to say that I have never heard anyone say that an Industry has taken a "Flight to Quality". In the following story, from bloomberg.com Bank of America is said to gaining strong market share in the mortgage industry. It is no secret … (0 comments)
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las vegas mortgage loan: More Alternatives to Foreclosure - 10/05/07 02:43 PM
More Alternatives to Foreclosure: Mortgage Industry
I am passionately searching for options for people that are in danger of losing their homes. I beleive it is important for Mortgage and Real Estate Professionals to reach out in any way we can to help these people. Here are a couple more programs that I … (0 comments)
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las vegas mortgage loan: Mortgage Brokers to Blame? Yeah Right!: Mortgage Industry - 10/04/07 11:38 AM
Mortgage Brokers to Blame? Yeah Right!: Mortgage IndustryOK folks, the following story from the Los Angeles Times cracks me up and makes me sick to my stomach at the same time! U.S. Taking Aim at Brokers by Los Angeles Times (10/04/07); Peterson, JonathanSeveral pieces of legislation that addresses the problems in the mortgage … (1 comments)
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las vegas mortgage loan: Manhattan Housing Boom: Real Estate Industry - 10/04/07 10:33 AM
Manhattan Housing Boom: Real Estate IndustryThis is a great story from CNNMoney.com that shows the Real Estate Industry is not quite as dire as the media would like for us to believe. Aside from some troubled pockets in the US there are MANY, MANY strong markets. Manhattan is one of the … (0 comments)
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las vegas mortgage loan: Why are Builders & Their "In House" Lenders Free From Regulation: Mortgage Industry - 10/03/07 01:55 PM
Why are Builders & Their "In House" Lenders Free From RegulationThis is something that really gets my blood boiling. New home builders and their "In House" lenders don't seem to have to follow the same rules as the rest of us! To start with how can they require a buyer to use … (9 comments)
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las vegas mortgage loan: Stated Income Documentation: Nevada Mortgage Industry - 10/02/07 11:02 AM
Stated Income Documentation: Nevada Mortgage IndustryFor those of you that do not know, the State of Nevada has severely crippled Banks, Lenders, and Brokers ability to do Stated Income and Low or No Doc Loans with Assembly Bill 440. This bill has actually prompted banks like Credit Suisse to threaten to … (0 comments)
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las vegas mortgage loan: FHA Bans Gift Down Payments with One Exception: Mortgage Industry - 10/02/07 01:11 AM
FHA bans Gift Down Payments: Mortgage Industry
According to the following story, FHA has decided to no longer allow Down Payment Assistance (DAP) programs. This basically requires borrowers to have the 3% down payment required for FHA loans. Before, you could use one of several DAP programs to subsidize the 3%, which … (37 comments)
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las vegas mortgage loan: More Help to Avoid Foreclosure: Mortgage Industry - 10/01/07 02:27 PM
More Help to Avoid Foreclosure: Mortgage Industry
Below you will find two more resources to help you or people you know that are at risk of losing their homes due to ARM Adjustments or for any other reason. It is important that we get this information out to everyone we can so … (2 comments)
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las vegas mortgage loan: 10 Cities Ready to Bounce Back: Real Estate - 09/26/07 05:51 PM
I knew I liked http://www.cnnmoney.com/ for a reason. They have done their share of doom and gloom stories so I won't give them a complete free pass, but I will say that they have contributed some positive stories recently in the midst of our current Mortgage and Real Estate market debacle. … (2 comments)
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las vegas mortgage loan: 8 Most Dangerous Trends Facing Mortgage Brokers: Mortgage Industry - 09/25/07 09:42 AM
Since the Mortgage Market turned sour, many people have said that Mortgage Brokers may become a thing of the past. Their reasoning is that most loans are going to fall in the conforming i.e. Freddie Mac and Fannie Mae category. Because most of the loans will be conforming why do we … (16 comments)
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las vegas mortgage loan: FHA Modernization Bill Passed: Mortgage Industry - 09/19/07 07:32 PM
FHA Modernization Bill Passed: Mortgage IndustryAlthough some of these items may make you wonder why it was passed overall I think this is another chip off of the block of reform. I continue to get posts saying that items like this, FHA Secure, Interest Rate Reductions, etc. are not enough to … (0 comments)
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las vegas mortgage loan: Your Home Equity Payment may go down: Mortgage Industry - 09/18/07 04:16 PM
Although the Fed cut of 1/2 point in the Fed Funds rate does not directly affect Mortgage rates, the 1/2 point cut in the Prime Rate may make your HELOC payment go down! Most Home Equity Lines of Credit or HELOC's are based on the Prime Rate plus a margin! So … (6 comments)
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las vegas mortgage loan: Real Estate Investors See Opportunity in the Wake of a Meltdown: Las Vegas, NV Mortgage Industry - 09/17/07 12:21 PM
What a terrific story to come out after my post on Friday, Vegas Boom 2.0! The story below from Fortune on CNNMoney.com talks about investors eyeing opportunities to pick up land cheap. In all honesty, I am surprised to see this type of story this soon. I know it is land and … (0 comments)
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las vegas mortgage loan: Las Vegas Market a Bust! DON'T BET ON IT! Bet on Vegas Boom 2.0: Las Vegas, NV Mortgage Industry - 09/14/07 02:51 PM
Vegas Boom 2.0!Being from Las Vegas, I keep hearing over and over that the market is a bust! Well, our market may be going through a correction but you can bet that when it is corrected it will be back in a big way! As seen on CNBC this morning, commercial … (5 comments)
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las vegas mortgage loan: More Strong Mortgage Banks Than You Think: Las Vegas, NV Mortgage Industry - 09/14/07 12:18 PM
With troubled Mortgage Banks like Countrywide, First Magnus and Greenpoint all over the news, many people are only seeing the negative press on the Mortgage Industry. While I understand that negative items sell more papers and get more hits on websites, there is still some good news that gets passed by … (9 comments)
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las vegas mortgage loan: National Association of Mortgage Brokers Code of Ethics: Las Vegas, NV Mortgage Industry - 09/13/07 11:33 AM
As a proud member of the National Association of Mortgage Brokers, I wanted to point out that this organization has always had a Code of Ethics that they require their members to maintain. Recently in news stories I have seen more and more Mortgage Related groups adopting these types of conduct guidelines. My … (0 comments)
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las vegas mortgage loan: Homebuyer Education a Welcome Change: Las Vegas, NV Mortgage - 09/12/07 02:01 PM
Homebuyer Education a Welcome Change: Las Vegas, NV MortgageI think that Homebuyer Education will become more popular as time progresses and more foreclosures cycle through. It is a necessary change to our industry that should help educate even the savvy of consumers. I have just put a First Time Home Buyer … (0 comments)
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las vegas mortgage loan: Mortgage Lender's Bankruptcy May Threaten Thousands of Homeowners: Mortgage Industry - 09/12/07 11:49 AM
If you or your borrowers have Mortgages being serviced by American Home Mortgage Investmet Corp. please take note:Prior to AHM's bankruptcy filing several large companies seized back mortgages they had backed for AHM. The reason they did this was to avoid problems through the bankruptcy proceedings. The only problem with this is … (0 comments)
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las vegas mortgage loan: My Website: www.steak-dinner.com is back! - 07/23/07 03:54 PM
Hello everyone, I just wanted to let you know that I have launched my new mortgage website, www.steak-dinner.com. My site has a clean new look and feel and many new resources including a state of the art Mortgage Calculator page. This page includes several calculators to help homeowners and potential homeowners crunch numbers like a pro! If you … (10 comments)
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