real estate: 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!
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According to the Wall Street Journal article by James R. Hagerty:
Some lenders … (9 comments)
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real estate: 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:
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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)
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real estate: 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)
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real estate: 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)
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real estate: 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)
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real estate: 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 … (57 comments)
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real estate: 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:
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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)
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real estate: 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)
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real estate: 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 … (3 comments)
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real estate: 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)
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real estate: 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)
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real estate: 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)
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real estate: 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)
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real estate: 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)
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real estate: THATS WHEN THE MAGIC HAPPENS! - 06/28/07 02:17 PM
Some of my best thinking happens when I am not thinking at all!
I have always thought of my self as a forward, outside of the box, optimistic thinker. I rarely accept that something is not possible. I believe these qualities have made me an exceptional match for the mortgage industry … (4 comments)
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real estate: When should AR start working? - 06/27/07 12:44 PM
Well folks I have been on Active Rain for about 3 weeks now. This may be pre-mature but I am going to post this blog so I can get some quality feedback from other Active Rainers.
I put up my profile fully detailed with videos and everything. I have made it … (6 comments)
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real estate: Treo 755p from Sprint - 06/20/07 04:03 PM
I just wanted to give my dime on the new Treo 755p from Sprint. This phone was touted as the newest latest and greatest phone when it came out about a month ago. I have the 650p from Sprint and have been pretty happy with it since I got it. I … (5 comments)
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real estate: Why is everyone blogging??? - 06/13/07 06:09 PM
First I want to give credit where credit is due. ARDELL DellaLoggia Seattle, WAput up a blog about "Bait and Switch" blogging that received more responses in a short amount a time than any other post I have seen on AR to date. Note: I have only been on AR since … (18 comments)
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