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Blog entries tagged with "lenders":
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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.
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Well we're almost halfway through the year and I'm still wondering, Where's the cheese? With the whole credit crisis and houses still sitting on the market for months on end I'd have to say it's time we all come together and help turn this disaster into something positive. You see what … (2 comments)
The slogan is everywhere, but from an insider's point of view, is it true? Based on experience from the broker side, it doesn't always add up to a win for the consumer.
Even if you're sure you want to be a real estate agent, it's in your best interest to get a full picture of all the other jobs that are out there in related fields. Many other careers require some of the same skills as real estate and provide similar benefits. Remember … (2 comments)
… (1 comments)
More good news for first time Homebuyers! The Hawai'i Housing Finance Development Corp. (HHFDC) has announced that they will provide $20 million in credits for first time homebuyers. Anyone who has not been a homeowner for the past tree years and wants to own now, is considered a first time homebuyer. … (0 comments)
I got a call today and have had several calls in the past month or so from customers who have driven by, saw on of my listing signs in the front yard and call me wanted to know information on the property in question. I explain to them the details of … (2 comments)
Guess what, as I keep trying to relay to my clients and associates; the Hot Springs and Garland County, Arkansas Real Estate market is not spiraling out of control like Las Vegas or Florida or parts of some 20 metropolitan areas across the country. It has slowed some, but still is doing … (3 comments)
There is a lot of information being put out in the media about the credit crisis and the ability or inability to get a home loan. While most of the media attention tends to be negative, the reality is....it isn't as bad as they would make you believe. Please read the … (0 comments)
I have a two short sales that I am representing buyers and have offers we are waiting for a response on. I also have two short sale listings. One with an offer on it and one new listing. 
Financing Solutions with David Reed
Buyers, sellers, real estate agents, pest control, septic, inspectors... 
Hey gang,
-WELCOME TO MY WEDNESDAY MIND- 
I know the media really hypes the rate cuts of the Federal Reserve, but have they impacted your real estate business in a positive way? Have the phones started ringing with buyer calls on recent rate cuts? Are you clients getting incredible financing? In the Atlanta area I've not noticed any … (22 comments)
(re-published from my blog Sweet Home Chicago )
I'd like to hear what everyone thinks of the new "Institute" that is being started for appraisals in Jan. 2009?
I have many of my strategic partners ask, "what can I do to make this transaction go as smooth as possible?"Here are just a few tips and scenarios I have come across in the years of doing business that buyers agents may not be educated to do in traditional training.1) Once … (0 comments)
One would think with the state of the market in some areas, that many lenders would be falling over themselves to get some of the best buyers to buy homes right now. Well, it seems that may not be the case. 
I've been seeing on the news a lot lately that we are in a housing crisis. It seems more and more people are losing their homes. These foreclosures are mostly due to unfair lending practices. A few years ago people were buying up houses left and right with mortgages from lenders … (0 comments)
An educational opportunity is what we called it. A chance to learn about short sales, the process, the problems, etc. What I didn't expect was an education on greedy financiers and builders willing to sell their souls for a sale.Get this: SCENARIO: a foreigner - here for 20 years, building his … (1 comments)
OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 3 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 1/4 per cent.
April 21,2008
Did you realize that most Agent's think they only have control over 10-20% of the Short Sale process? America's Home Rescue teaches Agent's to maintain control of at least 80-90% of the Short Sale procedure. For the past 6 years, they have documented the specific procedures and steps for shorting a FHA, VA, or … (0 comments)
This phrase is used in the REO bulk business. If you want to deal with REAL people with REAL product then by all means continue to read....
On Tuesday, April 22, the public has an opportunity to learn about different aspects of buying or selling homes from a wide variety of professionals in the industry.
WebTV Realtor - Corpus Christi REALTOR Highly Recommends "Backing Up" the PC!
Hugh changes in real estate lending practices commence June 1, 2008 when qualification requirements tighten and credit score minimums increase for conventional loans. FHA loans will be the norm as conventional loans will not be available to those with credit history problems. If you are considering buying a home in the … (2 comments)
Deciding how much house you can afford
One of the big advantages of FHA financing was that there is not minimum credit score. You could get someone approved for 95% cash-out refinance who had a credit score in the 500's. Instead, FHA looked at other indications of the borrowers ability to repay the loan.
Coaching can help people improve their performances and enhance the quality of their lives. Coaching is designed to collaborate with clients in an inspiring and creative process that inspires them to get the most out of their personal and professional potential. Coaches are trained to listen, to observe and to customize … (0 comments)
Greetings Fellow Investors!
And the other shoe drops. Wachovia has just reported a $393 million first quarter loss, and plans to cut 500 jobs. Much of the loss is attributed to Wachovia's expansion into the mortgage industry, just as this sector was about to collapse. I reported on Wachovia's ill-timed acquisition of Golden West … (0 comments)
Prevent Foreclosures, Negoatiate with Mortgage Lender 
I am continually asked by Buyers about finding short sales and foreclosure properties. Everyone wants a "deal" today and feels that these properties are the avenue to that end. 
Bouncing Mortgage Rates
Used to be that when someone wanted to buy a home, they spoke with lender, found out what they could buy, got a pre-approval letter, and then made an offer as a qualified buyer. Today that has changed. This doesn’t mean that they can’t qualify at all. It’s is just that … (0 comments)
So you know in your heart that it is a great time to purchase a Brand New Home. You are really excited, interest rates are once again at an all time low, which means you get a lot more home for your money. New home builders have an excess of inventory and are … (8 comments)
Yes, this is now happening, lenders are trying to stop homeowners from destroying their property before the lender forecloses. These lenders state that if the property is in good condition when foreclosed upon they will reward the former borrower. The amount can range from a couple of hundred dollars to several … (5 comments)
I just closed a deal that would not have been possible if it were not this great new program its called the NEHEMIAH Program http://www.nehemiahcorp.org/ and when other Lenders failed to deliver Superstar Mike Nadeau once again delivered and got it done. I don't usual plug lenders, but this one deserved … (0 comments)
Increased Loan Limits for 2008!The Department of Housing and Urban Development (HUD) released the new FHA and GSE (Fannie/Freddie) loan limits for 2008, which is great news for current and potential home-owners across the nation.Authorized by The Economic Stimulus Act of 2008, which was signed into law on February 13, 2008, … (0 comments)
According to Lenders Swamped by Foreclosures Let Homeowners Stay, banks and lenders have been hit so hard they let the homeowners stay in the house. They are doing this in particularly hard hit areas and areas where vandalism is greater. Once a home becomes vacant, it is subject to many perils. … (4 comments)
WaMu Job Cuts, Closings and Wholesale Shutdown
An article from MSNBC.com, reports that according to a real estate industry survey released last week by Bethesda, Md.-based Inside Mortgage Finance, and Washington, DC-based Campbell Communications, roughly 20% of all U.S. home sales in March were "short sales." Guy Cecala, publisher of Inside Mortgage Finance said, "Our numbers suggest that 20 … (0 comments)
April 2, 2008 is a day we all will remember. It was the day Fannie-Mae announced there new underwriting guidelines. While the FHA/VA Loan limits may have increased. Other areas are seeing some major adjustments. Such as the Declining Market Adjustments to LTV's, the proposed new appraisals agreement with the Attorney … (3 comments)
Well I must say that I am a little shocked to find out that it costs the lender SOOO much to foreclose on a property.What am I talking about? Well when a lender starts the foreclosure process on a homeowner that has failed to make their payments the costs start accumulating … (0 comments)
Quitting is Not the Answer
www.LenderHookUp.com is Coming Soon!!! … (2 comments)
I thought it may interest some of you to review what has been going on in the United States Congress regarding Mortgage and Foreclosure law and issues in the last few months. Of these seven mortgage-related Acts listed below, only one appears to have passed. Since Realtors must be licensed, it makes sense to create a national mortgage … (4 comments)
Everyone know that the Real Estate market is slower than years past. Everyone also knows that there are many - MANY homes for sale. Even in Washington DC; where our local Real Market has not suffered anywhere close to many parts of the country; we have a great many homes for … (2 comments)
The coverage continues to roll in today about the new Zillow Mortgage Marketplace. Overall, the response has been overwhelming positive! 
I know this couple who are buying a house today in New Jersey. Since it's one of the few states we don't do business in (for about another 30 days or so), I couldn't do the loan for them. They searched and searched for just the right lender. They came across … (9 comments)
It's good that proposed expansion of FHA loan guarantee programs got help when U.S. Senate Republicans agreed to include the idea in a compromise bill. Some Democrats agreed on April 2, 2008, to drop their controversial proposal to allow bankruptcy courts to "cram down" the mortgage debt of troubled borrowers. We could now have … (0 comments)
With the lenders tightening their belts & requiring 20% down on investment property and the days of 100% financing behind us, what is a real estate agent to do? If anyone has a commercial lender out there please let me know. I have several interested buyers looking at investment property but … (2 comments)
Todays Market.....What does that really mean to the Average Home Buyer or Seller? There are a ton of Articles on buying and selling....but what about the newest scams that have popped up? And yes, these scams have to do with Lenders. I just learned about it today, and I'll be a … (26 comments)
Since mortgages can be confusing and frustrating the Federal Housing department is proposing to change the process from opening to closing. It will be designed to Make it easier to compare mortgage offers, lenders will need to estimate closing costs and that barrowers know the terms of their loan. 
Today in an article from Realtor Magazine I read that the National Association of Hispanic Real Estate Professionals (NAHREP), the Asian Real Estate Association of America (AREAA), and the National Association of Real Estate Brokers (NAREB) believe that tougher/stricter lending standards are having an effect on Minorities and low income families.
If you have listened to the news about the US Economy at all in the past year you have probably at some point heard the use of the word "free market" or "capitalism" mentioned in defining it. I would like to ask you to reconsider the notion of what a free … (4 comments)
Mortgage Scams Target HomeownersEarlier this week, federal prosecutors charged 19 suspects in a nationwide mortgage scam that robbed cash-strapped homeowners of their home equity and title, reports the Los Angeles Times. The defendants defrauded homeowners using foreclosure rescue pitches and so-called equity stripping schemes to steal $12.6 million and obtain the … (3 comments)
Your home loan. 
President Bush signed the Hope Now initiative in December to slow the flow of defaulted subprime mortgage defaults. The non-profit HUD-approved Homeownership Preservation Foundation should have by now approximately 550 to 600 counselors staffing the phone to talk to concerned conusmers. The number is 888-995-4673. They estimate receiving around 2500 calls … (0 comments)
A list of local lenders in this area with links or phone numbers. 
In this difficult time I see real estate professionals spend a lot of their hard earned money on quick fixes, supposed unbeatable leads and so on. 
Recently, I had my first foreclosure closing....infact, I wasn't sure if it was really going to happen wondering if their would be a wrench thown in either from the bank who owned the foreclosure or a change in the programs that would be available through the lender. The hope of every client, lender … (4 comments)
Now that short sales have become this year's black I'm sure that eveyone has experienced the joyful process of dealing with the loss mitigation departments of the various lenders. Which leads me to the title of my blog. And customer service. Or the lack thereof in the lending/bankiing industry.
Energy Monopolies are being broken up all over the United States. What does that mean? That means that "we" and our clients now have the right to choose their electric provider and not pay "monopoly fees". States all over the US are beginning to deregulate and Texas and New York already … (8 comments)
As the inventory of new and existing condominiums and single family homes continues to grow, many Financial Institutions and Lenders do not want to incur the cost of holding and maintaining inventory for long periods of time, especially in the midst of a market downturn.
Hello Everyone!!!I just wanted to introduce myself as I am new to Active Rain, but definitely not new to the business. I was referred to this site through some members of wannanetwork.com. This site seems as if it will be useful to me as well. I am looking to network with … (3 comments)