las vegas nv mortgage broker: Mortgage Industry Coalition, HOPE NOW enacted - 10/10/07 03:23 PM
Mortgage Industry Coalition, HOPE NOW enacted
The White House announced the formation of a Mortgage Industry Coalition dubbed HOPE NOW. The coalition is formed from several of the largest mortgage service companies, as well as counseling agencies, investors, and trade organizations. Their hope is that with a conglomeration of this sort they … (1 comments)
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las vegas nv mortgage broker: American Home Mortgage Servicing, a $400 Million Asset?: Mortgage Industry - 09/24/07 04:27 PM
One of the most notable Bankruptsy's since the Mortgage crises ensued has been that of American Home Mortgage Corporation. After filing for BK this former juggernaut was also in the news for holding loan files from secondary market holders like Freddie Mac, Credit Suisse and others. One of AHM's strongest assets was the … (5 comments)
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las vegas nv mortgage broker: Homebuyer Education Program Has Real Impact: Mortgage Industry - 09/21/07 09:59 AM
This is a follow up to a previous post I wrote regarding Homebuyer Education. As I stated before I strongly believe that these courses should be mandatory for all First Time Home Buyers and also think there should be some type of refresher course for buyers with credit issues. A couple … (3 comments)
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las vegas nv mortgage broker: Fannie Mae & Freddie Mac get a boost: Mortgage Industry - 09/20/07 01:30 PM
Freddie Mac and Fannie Mae get a much needed boost to their portfolio limits caps. Their new limits will be raised to $735 Billion. In addition, they will also be allowed to grow .5% per quarter or 2% per year. With Fannie Mae and Freddie Mac the current saviors of the … (3 comments)
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las vegas nv mortgage broker: Mortgage Industry: Who didn't see this coming? - 09/04/07 05:04 PM
Mortgage Industry: Who didn't see this coming?
Now I know that in every scenario there are exceptions to the rule but I don't think there will be many ARM's placed this year! They have such a bad stigma attached to them right now! I saw this article and just thought to myself … (0 comments)
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las vegas nv mortgage broker: Las Vegas, NV Mortgage Industry: Questions to ask when applying for a Mortgage Loan - 08/29/07 10:34 AM
I came across this list of questions to ask when applying for a Mortgage Loan. This article does a tremendous job in hitting the important factors you should know about the loan you are getting into. Your Mortgage Loan Officer should be more than happy to sit down with you and … (3 comments)
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las vegas nv mortgage broker: Real Estate Industry: Most Expensive Home Ever? - 08/28/07 07:08 PM
With the current condition of the Real Estate and Mortgage Industry you would think the last thing on people's minds would be a record for the most expensive home ever. Nevertheless, a group of homeowners are trying to break the record of $103 Million as seen in the story from
Five … (2 comments)
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las vegas nv mortgage broker: Mortgage Industry: More good news, companies hiring - 08/27/07 01:32 PM
It seems as though not everyone is slashing jobs in the Mortgage Industry. As I posted before, about Hudson City Bancorp there are still alot of strong mortgage companies and banks out there! As we see in this story from mortgagedaily.com some are even in fact hiring. I think over the coming … (5 comments)
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las vegas nv mortgage broker: Las Vegas, NV Mortgage Industry: Stated Docs Loans Live On - 08/23/07 01:39 PM
More good news! Previously, Amtrust Bank, formerly Ohio Savings had placed a 5 DISCOUNT POINT hit on all low doc products! That basically said they didn't want to do low doc loans because nobody in their right mind would pay that. Well they have announced that they are removing that hit and reintroducing … (2 comments)
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las vegas nv mortgage broker: Mortgage Industry: Countrywide Litigation - 08/22/07 04:49 PM
Whoa!!!! Countrywide has not had a good week! According to Cnnmoney.com a securities class action lawsuit has been filed. Although I don't anticipate that this lawsuit will be the "straw that broke the camels back" I do believe they have a multi-front war on their hands. It is my personal opinion … (4 comments)
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las vegas nv mortgage broker: Las Vegas, NV Mortgage Industry: Jumbo Loans Indymac gives back - 08/22/07 04:22 PM
Las Vegas, NV Mortgage Industry: Jumbo Loans Indymac gives back
You read it right! One of those loans that was taken away has now been given back! According to the following story by housingwire.com Indymac Bank has decided "it will again begin originating prime, single-family residential, full documentation jumbo loans". This is … (0 comments)
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las vegas nv mortgage broker: Mortgage Industry: Not all Mortgage Banks are in trouble - 08/21/07 06:38 PM
Mortgage Industry: Not all Mortgage Banks are in trouble
Here is a classic example of a Mortgage Bank that did the right thing when it was so easy to stray from the norm. Hudson City Bancorp (Charts) is about two-thirds the size of Countrywide, with a market cap of about $7.4 billion, … (0 comments)
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las vegas nv mortgage broker: Mortgage Industry: Mortgage Insurance Companies Square Off (Keep your eye on this!) - 08/21/07 06:03 PM
This is the one to watch! Forget about all of the other stories about Countrywide, Indymac, and all of the other Mortgage Companies that are in trouble. This is the story to keep your eye on. Two Mortgage Insurance Giants are squaring off over a proposed merger between MGIC and Radian. … (0 comments)
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las vegas nv mortgage broker: Las Vegas, NV Mortgage: Soft prices mean affordability increases - 08/21/07 05:43 PM
Las Vegas, NV Mortgage: Soft prices mean affordability increases
We have all heard of the old "Buy Low, Sell High" cliche but are many people taking it to heart right now? Prices all over the country have dropped especially in Las Vegas. Right now you can buy more house than you could … (1 comments)
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las vegas nv mortgage broker: Mortgage Industry: Option ARM Mortgages, Here come the judgements! - 08/20/07 03:36 PM
Mortgage Industry: Option ARM Mortgages, Here come the judgements!
I have never been a fan of The Option ARM Mortgage, in fact, I have spoken out against them since their popularity grew and I saw people gettng caught up in the 1% frenzy! Well, I am really glad that I choose to … (5 comments)
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las vegas nv mortgage broker: Mortgage Industry: Have we seen the full ramifications? - 08/20/07 03:07 PM
Well we all know that Mortgage Companies and Banks are closing their doors left and right. This means people are out of work and will be competing for a scarce few jobs in the sector. In a story on the housingwire.com, about Aegis Mortgage I was floored to find out the … (5 comments)
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las vegas nv mortgage broker: Federal Reserve: Fed cuts discount points by 50 basis points - 08/17/07 11:34 AM
Federal Reserve: Fed cuts discount points by 50 basis points
I think this is another sign that the Fed has no choice but to step in and do what they can to help the situation with the Mortgage Market. Although the discount rate has no direct effect on the Mortgage Market, I … (4 comments)
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las vegas nv mortgage broker: Mortgage Industry: Help may be on the way! - 08/17/07 10:50 AM
Mortgage Industry: Help may be on the way!
Previously I posted Fannie Mae wants to help. Will the Fed let them? about Fannie Mae's request to ease limits on its portfolio so that it can do what it can to help stabilize the Mortgage Market. I had mixed response from that post. Some people said whatever … (5 comments)
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las vegas nv mortgage broker: Mortgage Industry: First Magnus Home Loans halts operations - 08/16/07 11:49 AM
With all of the Mortgage Companies, Brokers and Banks closing down, very few have surprised me. This is one of those that surprised me quite a bit! I have worked with First Magnus quite a bit and they seemed to have a solid operation. They didn't make what I call "Crazy" … (2 comments)
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las vegas nv mortgage broker: Mortgage Industry: Accredited Home Lenders V. Lone Star Fund PART II - 08/15/07 02:44 PM
As I stated in my post Mortgage Industry: Accredited Home Lenders V. Lone Star Fund PART I, I believe hat Lone Star Fund V just plain got cold feet which is why they backed out of the original merger/buyout. I don't think it was necessarily about Accredited Home Lenders, I think it … (3 comments)
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las vegas nv mortgage broker: Quick Nevada Mortgage Loan Quote & Pre-Approval: Loan Officer Rey "Steak Dinner" Gallegos - 08/15/07 09:44 AM
Quick Nevada Mortgage Loan Quote & Pre-Approval: Loan Officer Rey "Steak Dinner" Gallegos
Contact me right away for a Quick Nevada Mortgage Loan Quote & Pre-Approval from your Las Vegas, NV Mortgage Loan Officer, Rey "Steak Dinner" Gallegos. Approved in NV, NM, UT, CA, FL, & AK!
If you want someone to contact … (0 comments)
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las vegas nv mortgage broker: Mortgage Industry: More Tips for Troubled Homeowners from The Better Business Bureau - 08/14/07 10:55 AM
Mortgage Industry: More Tips for Troubled Homeowners from The Better Business Bureau
During my day I do everything I can to scour the Internet and Mortgage Industry magazines looking for relevant information that can help my clients and colleagues make sense of the market we are in. I also love to stay … (1 comments)
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las vegas nv mortgage broker: Las Vegas, Nevada Mortgage Industry: Your dream home may be more affordable than you think - 08/13/07 03:17 PM
Las Vegas, Nevada Mortgage Industry: Your dream home may be more affordable than you think
Not everyone is shying away from the Real Estate Market nowadays. I think there are a lot o people that are poised and ready to make their move as soon as they feel that the market has … (2 comments)
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las vegas nv mortgage broker: Las Vegas, NV Mortgage Information: Fannie Mae delays quarterly filing - 08/10/07 05:51 PM
Las Vegas, NV Mortgage Information: Fannie Mae delays quarterly filing
I am not an alarmist by any means, so don't take this as me adding fuel to the fire. Fannie Mae delaying their quarterly filing concerns me more than most all of the other Doom and Gloom stories combined. Through all of our Mortgage … (2 comments)
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las vegas nv mortgage broker: Las Vegas, NV Mortgage: Mortgage Servicers are starting relief efforts - 08/10/07 04:11 PM
Las Vegas, NV Mortgage: Mortgage Servicers are starting relief efforts
Let's be clear, Mortgage Banks and Mortgage Servicing Companies are not in the business of owning houses and managing foreclosed properties. They do it because they have no other choice. If they were in the business of owning houses, they would act … (2 comments)
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