nevada mortgage: Home Lending Direction "Flight to Quality": Mortgage Industry - 10/09/07 05:21 PM
Home Lending Direction "Flight to Quality": Mortgage Industry I 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)
nevada mortgage: Ventana Canyon Communitywide Garage Sale a huge success! - 10/08/07 02:51 PM
Ventana Canyon Communitywide Garage Sale a huge success! I just wanted let everyone know that our Ventana Canyon Communitywide Garage Sale was a huge success this past weekend! We started around 7 am and the sreets were packed with garage sale enthusiasts! We had upwards around 150 homes participate with sales, which … (5 comments)
nevada mortgage: Mortgage Brokers to Blame? Yeah Right!: Mortgage Industry - 10/04/07 11:38 AM
Mortgage Brokers to Blame? Yeah Right!: Mortgage Industry OK 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)
nevada mortgage: Manhattan Housing Boom: Real Estate Industry - 10/04/07 10:33 AM
Manhattan Housing Boom: Real Estate Industry This 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)
nevada mortgage: Stated Income Documentation: Nevada Mortgage Industry - 10/02/07 11:02 AM
Stated Income Documentation: Nevada Mortgage Industry For 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 … (1 comments)
nevada mortgage: 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 … (39 comments)
nevada mortgage: 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)
nevada mortgage: 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)
nevada mortgage: FHA Modernization Bill Passed: Mortgage Industry - 09/19/07 07:32 PM
FHA Modernization Bill Passed: Mortgage Industry Although 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)
nevada mortgage: 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)
nevada mortgage: 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)
nevada mortgage: 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)
nevada mortgage: Homebuyer Education a Welcome Change: Las Vegas, NV Mortgage - 09/12/07 02:01 PM
Homebuyer Education a Welcome Change: Las Vegas, NV Mortgage I 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)
nevada mortgage: 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)
nevada mortgage: Deceptive Mortgage Advertising Must Stop: Las Vegas, NV Mortgage - 09/11/07 04:52 PM
Deceptive Mortgage Advertising Must Stop: Las Vegas, NV Mortgage Here in Nevada, our Mortgage Lending Division has set very strict standards on Mortgage Advertising. So strict in fact that every piece of advertising that goes out weather it is, print, Internet, mail, radio, etc. MUST GET PRE-APPROVED or we as Mortgage … (4 comments)
nevada mortgage: Investment Properties almost 1 of 3 Foreclosures: Las Vegas, NV Mortgage Industry - 09/11/07 12:55 PM
Investment Properties almost 1 of 3 Foreclosures: Las Vegas, NV Mortgage Industry In reading the story below from The National Mortgage News one can surmise that roughly 1 in 3 defaults in Nevada are classified as Investment Properties. In my opinion, these are investors or probably in most cases Arm Chair Investors that … (0 comments)
nevada mortgage: 100% Home Loans Purchase & Refinance : Las Vegas, NV Mortgages - 09/10/07 12:56 PM
100% Home Loans Purchase & Refinance : Las Vegas, NV Mortgages I just want to make sure that there are still several 100% Mortgage Financing Opportunities at very competitive rates. The key to making 100% financing a comfortable option is a FIXED RATE Mortgage. A fixed rate will allow the borrower to know … (2 comments)
nevada mortgage: Mortgage Industry: Who is to blame for the mess we are in? - 09/06/07 12:10 PM
I saw this article, by FORTUNE WRITER Peter Eavis, and had to post it so everyone can see who all of the players are in the great mess we call the Mortgage Market. I don't really think that most people understand how everything trickles down. Although I don't agree with every … (14 comments)
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Home Lending Direction "Flight to Quality": Mortgage Industry
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