How to Avoid Predatory Lending - 12/24/07 09:22 PM
How to Avoid Predatory Lending Most mortgage lenders and brokers have your best interests in mind. However, there are the bad guys,  "predatory lenders" - lenders that act unscrupulously and may try to take advantage of you.Although predatory lending is not defined by federal law and states define it differently, this type of lending usually involves loans with terms you can't meet - no matter how good the deal sounds - and practices that strip away the equity in your home.Who do predatory lenders target? Predatory lenders target people who may have fewer credit choices or are perceived as higher credit … (2 comments)

Online Real Estate Ad Dollars Projected to Reach $8 Billion in 2012! - 12/07/07 03:44 PM
Online real estate ad spend projected to reach $8 billion in 2012Report projects 48% growth in total local online ad spend in '08Friday, December 07, 2007
Inman News
The "Big Three" classified advertising categories -- automotive, recruitment and real estate -- are expected to have a 37.7 percent share of all online ad spending in 2008, and to have an 18.3 percent share of total ad spending, a research and consulting company reported today.
Borrell Associates, in a 2008 forecast report released today, also expects real estate to have an 8.7 percent share of the total online advertising market in 2008, and a 4 … (4 comments)

Mortgage Rates Hit Two-Year Lows! - 12/07/07 03:38 PM
Mortgage Rates Hit Two-Year Lows!
30-year fixed rate mortgage falls below 6 percent, and some close to.............f..
Friday, December 07, 2007
Freddie Mac is the latest group tracking loan prices to report that rates on 30-year fixed-rate mortgages have fallen below the 6 percent threshold.
The McLean, Va.-based mortgage repurchaser's weekly Primary Mortgage Market Survey showed borrowers paying an average of 5.96 percent interest with 0.4 points for a 30-year fixed-rate mortgage during the week ending Dec. 6. That's down from 6.1 percent the previous week, and has not been lower since the last week of September, 2005, when it averaged 5.91 percent.
Lower housing … (0 comments)

Housing Slump Not a Financial Disaster For Some Equity-Rich Homeowners! - 12/06/07 07:51 PM
Housing Slump Not a Financial Disaster For Some Equity-Rich Homeowners
Lafayette, CA -- The housing slowdown has hit, bringing with it record numbers of home inventories along with puzzled, frustrated, even angry sellers.
So what is a potential seller supposed to do?  Steve Snyder of C M G Mortgage Services says, "Don't panic, the best advice I can give is simply ride it out. In 2000, when the stock market threw many investors into turmoil, the ones who rode out the storm benefited.
"Indications are that the housing slump is already correcting itself and that in another year it will be back to … (2 comments)

Foreclosure relief plan draws mixed industry response - 12/06/07 07:39 PM
Foreclosure relief plan draws mixed industry response
Some view interest rate freeze as more harmful than helpfulThursday, December 06, 2007
A plan to freeze interest rates for a segment of homeowners who face the prospect of foreclosure is either political grandstanding, a delaying tactic, a finger attempting to plug a bursting dam, or the right cure for an ailing market, depending on who you talk to in the real estate brokerage community.
Real estate agents and brokers are definitely talking about the Bush administration's effort to bring together mortgage-market players in a program to assist some distressed subprime borrowers to refinance into safer loans … (0 comments)

 

Steve Snyder

Walnut Creek, CA

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RPM Mortgage Walnut Creek

Address: Home Office, 2175 N California Blvd., Suite 1000, Walnut Creek, Ca, 94596

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