Members: 99,938 -
3,593 Online Now
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Blog entries tagged with "lenders":
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One of the most important things real estate agents can do for their clients is to manage expectations. It is amazing how often agents forget this and the resulting fires they have to put out are completely avoidable in most cases.
Both nationally and here in Utah, the real estate market is changing and so is the mortgage market. Over the last year or so the number of Utah foreclosures have been increasing and there is always a headline about the mortgage crunch. As Utah real estate consumers, residents, and homeowners, we … (0 comments)
4c. Choosing the Right Type of Loan
You may be a stronger buyer than you think!
<script type="text/javascript"></script>
Team VonCannon: Discover the Best in Hampton Roads Real Estate
Team VonCannon is made up of experienced, trustworthy, handpicked real estate professionals. Elaine VonCannon oversees all daily operations, including property management and investment property sales and purchases in both residential and commercial deals. Elaine works closely with a real estate transaction … (0 comments)
I am in the midst of 2 short sales and need some information on contacts for Citibank.
Across the nation, foreclosures are increasing and the lenders are forced to hold more inventory. In order to assist the lenders in selling their REO properties (Real Estate Owned) the FHA (Federal Housing Administration) has decided to temporarily lift the 90 day seasoning period for the following 12 months. This change … (2 comments)
A recent survey and a rate increase could mean more competition for homes 
AJ Nisen wrote a blog entry about who was to blame for the mortgage crisis, and I had to comment... I thought the point was worth repeating, so I am placing the comment here as well.
AGAIN!
Lenders love Phoenix, Arizona (lenders also love California and Nevada). All states that have some of the highest foreclosure rates in the country.... But why ?? ....
Your lender does not want to sell your home. A bank isn't a reat estate agent. We know the senior people at your bank. Creative Realty & Investment Group can put the foreclosure proceedings on hold while we work out a solution. We know from long experience they'll work with our … (7 comments)
Here is a great post by Rick Soukoulis about what is happening in the mortage industry and what we can expect in the future. Thanks Rick for keeping us all up to date. What the heck is going on here? Washington Mutual has closed virtually its mortgage lending centers. Countrywide is … (0 comments)
I know. You know. There's too much CRAP to do.
"What do you think about rates ... should I lock in now or wait to see if they fall further?" Think I've been asked that a time or two over the past 18 years? You better believe it. It's a good question-one that goes through every single buyer's head at some … (0 comments)
Anybody with eyes and ears (and a TV, or internet connection) knows that the mortgage lending and housing industries are in the midst of some difficult days. An article written by A. Mechele Dickerson in the May 22, 2008 Austin American-Statesman summarized pretty well how we got into this dismal situation.
We're certain that many of you, if working Short Sales, have expressed a concern recently regarding the perceived challenges experienced with 2nd mortgage lien holders. As many of you may be aware, America's Home Rescue has become one of the leading sources for Short Sale education and training for Real Estate … (0 comments)
I've had repeated questions from buyers agents and title companies concerning expediting the short sale process because there is a cash buyer. The Short Sale lender doesn't care if you have cash buyer! Most lenders, and "there are always exceptions" are so swamped with short sale files, they are using what … (2 comments)
I did a witness closing recently that baffled my mind. The LO playing dumb (there is no other word for it) and the yelling (NOT by me) are not typical, yet they are things I have seen before.
I recently had an idea mentioned to me that was amazing and I would like to share it because it is a little bit different than anything I have done myself.
I appraise in a small firm...and I am curious as to other appraisers outlook on the changes that will be taking place in the industry come 2009. 
I know there is a big push for agents to also do their own loans with the argument, ............Why give someone else the loan commission, when it is your client. This argument is illogical. Why don't you do your own roof inspections. Or what about Pest Control repairs? 
This could have been an easy and sweet success story from beginning to end. After he had been looking for different things in different neighborhoods, my buyer finally walked into the place that had it all: the right kind of building, the right floor plan, the right types of amenities, a … (9 comments)
Isn't is interesting how we go through life sometimes ignoring things that we maybe should know about but figure somehow it's better not to know - or that no news means everything's OK?
While I have noticed a definite increase in business; the Real Estate market continues to suffer because tougher lender guidelines. 
Recently, Jonathan Osman wrote a well pointed piece about how mortgage professionals are missing the boat when it comes to working with Realtors. I agree 100% with what he said, but wanted to bring another perspective to this topic.
Do you have a lender who will lend on a mobile home in a mobile home park? If you do, please contact me ASAP. Thank you.
The Good Faith Estimate Scam 
I thought I revisit this issue again, since it comes up so often in the course of doing business.
News about the current state of the mortgage industry can be unsettling for those of us who make our living in this business. This challenging time has brought about greater than usual media coverage of our sector, including coverage about Countrywide.
Today, I had lunch with my charming friend, Rick Bernstein, from Mortgage Bankers of Wisconsin. As we were talking, and planning our events we were going to accomplish this year, the conversation turned to the FHA and VA loans that were out there, and what we were doing. Rick and I … (4 comments)
Wow, what a concept - team with a lender, or more than one lender. Different people need different programs, so why not team with a lender that offers a niche program and a differnent lender for another. Currently, I am teamed up with four different lenders, doing marketing strategies with each … (5 comments)
I'm sure many of you have seen on many different websites the response Angelo Mozilo accidently sent to a borrower in trouble. 
An interesting thing happened yesterday that could have prevented a buyer from getting financing for the home he was buying. The appraiser came to set a value on the home. No problem there, it came in at just the amount that the seller and buyer had agreed to.
Interesting opinion piece in the Wall Street Journal this morning. The article deals with the bill in the House of Representatives and the one introduced in the Senate dealing with the foreclosure crisis. 
(Home is under contact, so no numbers will be used)I have had this one short sale listed since November with great success of getting offers, but with no luck of getting one accepted by Option One. This home is quite large in a very nice sub, but needed some updating and … (1 comments)
Okay- call me simple but i have an idea- well maybe it's more of a dream but here it goes... the decline in the real estate market is based on a myriad of issues. One main issue is that they have really tightened up on giving any Tom, Dick, or Harry … (8 comments)
Fannie Mae announced today new, national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. Starting June 1, 2008, Fannie Mae will accept up to 97% LTV ratios for conventional, conforming mortgages processed through DU, and 95% LTV ratios for loans underwritten outside of DU, … (2 comments)
Okay here is my deal some clients of mine are selling their house and buying another and the people who put in an offer provided a DU approval for an adjustable, conventional, 97% . So FHA will do 97% so will My Community depending on your location but an arm at … (2 comments)
It's not just you! Everyone you know, and many you don't know, are in the same position as you. Some may not be losing their home or cars yet, and they may not show their financial pain, but I can assure you the belt has been tightened. Gas prices are completely … (2 comments)
It's interesting that in Orange County, California, during April, 2008, buyers took foreclosure homes off the bank and lender hands at trustee sales for 21.5% less than the amount owed. One year ago during April, 2007, the banks and lenders weren't so interested in discounting at trustee sales. Perhaps the banks … (0 comments)
I am looking for Lenders who will deal with low scores, not so perfect credit and not a lot of money to put down. If there are any lenders who matches this criteria, please email me and let me know some of the programs you do offer. 100% financing is another … (0 comments)
Need a Solution?
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)
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 … (6 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. 
Buyers, sellers, real estate agents, pest control, septic, inspectors... 
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)