Members: 88,367 -
2,355 Online Now
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Blog entries tagged with "borrowers":
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
© 2007 ActiveRain Corp. All Rights Reserved 
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preparing for a economic slump will ensure you and your family come out on top. As news about the collapsing economy is disseminated throughout the nation, many consumers begin to take the necessary precautions to ensure they aren't left in the dust. Keeping your assets and investments in line throughout the remainder … (0 comments)
Okay folks, some of you may think why in the world would he tell us? After all, I am in the business of credit restoration. However, I'm no idiot. If you are part of that fortunate group of borrowers that are in the 700 Club (no, not that one) with the … (9 comments)
Well. let's see... 
Well, the last 100% mortgage option has pretty much been taken away from us, and most others, in the country - as of March 31st. The Flex 100 has been discontinued.
HARD MONEY - Loan amounts $100k to $2.0 million, requiring no personal tax returns. Perfect for owner occupied properties and self-employed borrowers who can’t verify their income.Property Types:Class I: Multifamily (5 units or more) in NJ (7 units or more) and mixed use (up to 80% LTV)Class II: Office, retail, warehouse, … (0 comments)
"Predatory" lenders engage in illegal and unethical practices that put people's homes at risk. Here are a few of the practices that borrowers should look out for, according to the government: 
Hello, My name is Mrs. Bynum. I am a Senior Mortgage Banker, and Private Investor and Independant Lender that finds prospective buyers to match with VERY MOTIVATED SELLERS nationwide using my many Lending resources. I am a PROFESSIONAL PROBLEM SOLVER. If you would like to discuss any details of a SMOKING HOT PROJECT, I have … (0 comments)
Many borrowers haveare now shying away from Adjustable Rate Mortgages (ARM's) after the recent mortgage meltdown. As people shy away from adjustable-rate mortgages, they're becoming comparatively less expensive. Rates on fixed-rate mortgages spiked this week, as the rates on adjustable-rate mortgages remained relatively steady, according to a survey by Freddie Mac. The average … (0 comments)
Mountain Lakes, NJ (PRWEB) February 20, 2008 -- A group of mortgage industry executives and lawyers have formed a new company to offer assistance to homeowners facing foreclosure due to the mortgage industry collapse. Using their knowledge of mortgages and their relationship with lenders they are helping borrowers keep their homes, … (0 comments)
Georgia & Florida Labeled Declining Markets 
Last night 60 Minutes aired a piece on the mortgage crisis and how foreclosures have impacted communities like Stockton, CA. I reviewed this show and I have commented on it more in depth here. My question for the Active Rainers is this: Are there some people that just do not deserve … (0 comments)
Information to pass on for borrowers that are having trouble with their mortgage. Call the national counseling hot-line that President Bush publicized.The number 888-995-4673 is available on a 24 hour. The help is for people who purchase homes during the housing boom January 1, 2005 to July 31, 2007 and who's rates reset between … (0 comments)
When things go wrong we sometimes look to blame someone else. When things go wrong for a company, it sometimes blames the government. But it's often the government that has to bale us out - take the mortgage meltdown we experienced last year. Perhaps this was the trigger that started the … (1 comments)
Boy, the situation on the mainland gets worse and worse? Ken Lewis, the CEO of Bank of America is worried that borrowers with strong credit scores might not be able to make their loan payments if the housing crisis worsens. This would seem to portend tightening of the availability of funds … (16 comments)
I have come to wonder this on more than one occasion. 
There are many reasons that I wanted to become an Appraiser. I was attracted to the ‘half blue collar / half white collar' aspect with time split between being on the road and seeing places I wouldn't normal venture, to spending the other half behind a computer being analytical. 
In an article on CNN Money I read that Countrywide will be helping out about 82,000 hybrid ARM borrowers. This seems like a better solution than the government stepping in and regulating the industry. And, I believe that sometimes it’s better for you to see the error in your ways and … (4 comments)
Tips for Borrowers Shopping for a LoanTo see entire article this blog references please click here!How and when do you shop for a lender? And, what are all the fees? It's really easier than it looks.First off, get pre-approved with one lender to start with and once you are under contract … (0 comments)
Thanks to Kirsty Dunphey in her blog, Ten Simple Tech Tips for Anyone who Trades Off Their Name she mentioned ways to 'brand' your name or business name. To expand on the one part, she mentions Google alerts. I never even realize this was out there, or the power that can have, … (6 comments)
I was watching the news last friday night about President Bush trying to help struggling homeowners across the nation. The package of changes that he outlined in a Rose Garden ceremony includes legislation proposed by Michigan's Sen. Debbie Stabenow that is supposed to help ease the income tax burden on homeowners … (4 comments)
Taken from a previous posting 8/22/2007 for the Oahu Real Estate Blog by Yvonne Jaramillo Ahearn. I won't pretend to be an expert in United States financial policy and ecomomics (nor in mortages either, though I can always refer you to some people who are experts in this). I have as … (2 comments)
For those of you who may not have received notice yet, I wanted to let you know that Wells Fargo Home Mortgage is going strong. In order to maintain their strong presence, they are no longer going to offer 100% financing as of Monday 8/27/2007. So what does this mean to you?Mortgage … (7 comments)
Yes. That is the short answer! Of course they are confused, I am in the market and I am confused!If you are in this 2007 market, are you confused?!Now that every client client that comes to me ask the same questions...well more like "Question". What is going on in the real … (5 comments)
After new legislation went into effect for mortgage loans on August 1st, 2007, mortgage companies in Minnesota have been scrambling. This new legislation has banned mortgage brokers in MN from doing stated income or No Doc loans. I'm not quite sure why this seems like it was so last minute to … (0 comments)
Barry Bonds may have broken the all-time home-run record recently, but you wouldn't know it by looking at the headlines. The only "Bonds" the media seems interested in are mortgage bonds - specifically mortgage-backed securities. To date, subprime mortgages have been credited for bankrupting well over 110 lenders and seriously damaging … (1 comments)
This term should be added to the banned terms on Active Rain as it has become very cliche.The basics I am talking about are the buyers and borrowers who get a paycheck or at least have a verifiable source of income, sdave their money and pay ther bills. With allof the … (0 comments)
www.santacruzhomefinance.comMortgages come in all sizes and variations. The spectrum ranges from adjustable-rate mortgages that have low initial interest rates and low payments to the popular 30-year fixed-rate mortgage that has the highest interest rate and requires the highest payments. On the one hand, it is the stability of the 30-year fixed … (0 comments)
Help Save Homes for troubled borrowers. I recently wrote a post about all the Notice of Default calls that I am receiving and wanted to add some more thoughts. You wont make a dime doing it, but those of you that have been making money hand over fist in the last … (4 comments)
Managing DifferencesSometimes it seems to be a real struggle between broker and realtor when trying to get a loan done. Each has his or her time table and way of doing things. But the lender can be of great assistance. For example, NWCL offers realtors a way of qualifying a commercial … (0 comments)
There are many times when borrowers, lenders and agents present "comps" to me that they consider relevant for the appraisal I am working on. I am very happy to get information from realtors and owners, especially onwers as they tend to know more about what is happening on their street than … (3 comments)
TALLAHASSEE - Governor Charlie Crist signed into law today legislation that will enhance consumer protection for consumers seeking a mortgage. The legislation, an "Act Relating to Mortgages," was sponsored by Senator Mike Fasano and Representative Garrett Richter at the request of the Office of Financial Regulation. This law will help protect … (0 comments)
Originally posted on HomeFinancingNews.com
According to the FTC, nine out of ten people reviewing the forms currently used couldn't identify the total upfront cost of their loan. Half of those questioned couldn't correctly tell the loan amount, and two thirds didn't know if there was a prepayment penalty attached to the … (1 comments)
Our Oregon legislators are about to run amuck again - please contact your representative and senator and plead with them to kill Senate Bill 965Regarding Oregon Senate Bill 965:Here's an interesting article from the Oregonian. The Bill is receiving some criticism. However, it's been slanted to look like it's only coming … (0 comments)
Consumers’ appetite for low payment mortgage programs continues to be strong. Exacerbating the demand for low payment mortgages has been skyrocketing home values. Home prices have risen considerably during the past few years. As you can imagine despite historically low interest rates, housing has become less affordable. To counter this problem … (0 comments)
I hope all is going well on your end. Our industry has been experiencing many changes. Some of our customers are having major delays due to tightened standards, and the recent closings of New Century, and Fremont. The purpose of this email is to suggest a possible solutions. The lucrative subprime … (1 comments)
Hello from Cedar Rapids, Iowa. Welcome to the IowaMortgageGuy Blog! Glad to have you as a guest and hope to see you back again soon. Hope you find the information useful and informative.
A little About Cedar Rapids, Iowa
Named after the Cedar River, Cedar Rapids, Iowa is the second largest … (0 comments)
Here's a different thought. I have added a blog session to my website which will enable borrowers and brokers to post different loan scenario's and receive suggestions on the best way to handle those issues. There is no commitment and pressure to secure the loan through me but it will give the borrower a place … (0 comments)
The sub prime market place is continuing to tighten its lending guild-lines/requirements (whether published or not). In one particular case, Accredited Home Lenders recently denied a loan that met underwriting guild-lines but corp. underwriting and management stated "they did not like the loan".I have had a great relationship with the AE … (2 comments)
Congress recently passed a law on behalf of all Homeowners who pay less than 20 percent down incurring PMI (private mortgage insurance) the opportunity to fully deduct this charge on income taxes starting in 2007. It applies to new loans for households making less than $100,000 per year. (Private mortgage insurance is a lender requirement … (1 comments)
How do home buyers choose their Mortgage Lender? Interesting question. And the answer will surprise you! But before I give you the answer, what do you think the main reason people choose a mortgage lender? Come on, think a little! My top three reasons are lowest rate/fees, referred, and advertising! … (0 comments)