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Blog entries tagged with "ltv":
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WestCom Lending, INC.Nationwide Commercial Lender
There is a real concern over "cherry picking" the best deals with the remaining national commercial real estate lenders. Business is booming for these guys and no plans in increasing personnel to cover the new loan submissions. This is affecting CRE agents across the nation according to the latest CB Ellis … (2 comments)
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I thought this table showing the different Mortgages Insurance companies and their rules and guidelines for declining markets would be helpful for all of us. As most of us know, it's not enough to have lender approval anymore as the MI companies can ultmiately dictate how deals get done. The nice … (2 comments)
I alluded to this several weeks ago (sorry for my absence I was quite sick for nearly 3 months) and now the time has come. The Mortgage Insurers are broke and have to fix it. This is nationwide regardless of the strength of your market area. According to most Mortgage Insurers … (4 comments)
Mortgage rates are slowly marching upward. Conforming 30-year fixed rates averaged 6.25 percent this week, an increase of 6 basis points from the previous week. Rates are going up today because of good economic and financial news - "good" being a relative term. Initial jobless claims were less than expected and … (0 comments)
A big question about the GSE's declining markets policy is whether lenders and MI companies will honor the effort to open lending to these areas. Fortunately, Chattanooga has not been designated a declining market, but the possibility had crossed my mind. Not so much now, as the market locally seems to be … (0 comments)
Loan-to-value is a math formula that represents the relationship between how much a home is "worth" and how much money is borrowed against it.
Loan-to-value is often abbreviated as "LTV" and is one of the many factors that lenders consider when underwriting a mortgage application.
The math formula is straightforward:
In … (0 comments)
Many people across the country have seen the finance industry starting to pull back on financing in their area. Subprime is pretty much gone along with Alt-A financing. Fannie Mae (FNMA) and Freddie Mac (FHLMMC) are still out there with My Community and Flex 100 which offer 100% financing. The only … (4 comments)
On May 16, 2008, Fannie Mae announced that they are withdrawing their Declining Market Policy and replacing it wtih a National Downpayment Policy.
Under the new policy, Fannie Mae will allow loans that are underwritten by Desk Top Underwriter® (DU®) a loan to value (LTV) of up to 97% and 95% for … (12 comments)
It has been around since April 2, 2008 and I have been checking it out occasionally to see if it is a viable option for consumers. It does in fact seem to be working well for some lenders and borrowers. However, there are also some definite draw backs...
1) The goal is … (0 comments)
Federal Housing Administration (FHA) loans have become an extremely popular choice recently for Americans looking to buy a new home, or refinance an existing home. In fact, according to the FHA, the total volume of FHA loans has reportedly tripled in the last year alone - but why?In recent years, the … (4 comments)
Home Buying Glossary Agent - A person acting on behalf of another, called the principal. Appraisal - An expert judgment or estimate of the quality or value of real estate as of a given date. Assessed Value - The valuation placed upon property by a public tax assessor as the … (0 comments)
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Residential and Commercial Mortgage is your source for ALL Hard Money Loans. With over 15 years of experience in all areas of lending including hard money lending, we are able to offer specialized loan programs to fit everyone from corporations to individuals ranging from $100,000 - No Limit. Our team has … (0 comments)
I just heard a rumor from a lender that "lenders" are being told to back away from FSBOs because they a seen as not an arms length transaction. They fear these coming back to haunt them later since the persons involved may be in collusion, and the appraisals not real. In some … (6 comments)
As part of the government stimulus package the new FHA loan limits will increase from $362,000 to $729,000 for LA and Orange County. What this means to buyers, and those who may be sitting on the fence, is that 2008 is the time to buy. Interest rates remain low, and … (0 comments)
Georgia & Florida Labeled Declining Markets 
With the number of bank-owned foreclosure properties on the rise and the decline in home values throughout the country, there are certainly good deals to be found if you are looking to purchase an investment property or two. It seems like an every day I have been getting calls from both … (4 comments)
Senderra Commercial Funding is presently working with the current owners if in ground and out of ground mineral reserves to provide financing leverage against these assets. These assets include:- Precious metals (Gold, platinum, copper, silver, etc)- Energy (Oil, Gas, Coal, etc)- Minerals or metals over $100/ton- Producing and non producing assets- … (0 comments)
The mortgage business right now is a little like the weather here in Cincinnati. If you do not like it wait five minutes it will change. A few weeks ago we talked about declining market values and what steps we could take, if any, to prepare buyers and sellers upfront … (0 comments)
We are actively seeking the above.
Click here to check outThe Lusso Group Buying/Investing Seminars! … (0 comments)
"INSERT EQUITY HERE!"
Everybody knows that the mortgage market is changing, but here is a little update. Most of the banks are now doing even higher "hits" to high loan to value (LTV) loans based on credit scores. Loan to value means how much you owe compared to how much the house is worth. … (2 comments)
Introduction to Bulk Purchases and SalesThis product is truely only going to be a real market for the next year and hopefully just a little longer. I am not licensed to sell investments and this is not a solicitation to sell securities or investments. Any suggestions taken from here must be … (0 comments)
Are you aware that Fannie Mae and Freddie Mac guidelines are changing in the New Year for homes in declining markets?
In an recent article titled Real estate here defies U.S. trend, the recent (and ongoing) appreciation of real estate here in the Pittsburgh area is explained. It confirms to me that despite some rising inventories, based upon simply the season here in Pittsburgh, the rising inventories are simply attributed to that --- a … (0 comments)
With all mortgage ads it's easy to see why some think mortgage rates are an off the shelf item. Truth is they are more like life & health insurance quotes - subject to your personal situation.
Just as an insurance agents ask height, weight, family health history etc... a meaningful mortgage rate requires its … (5 comments)
So to help my business get a little edge, I've decided to market to university graduate students (or those about to graduate) using simple yet eye-catching flyers. In order to get the most response, I decided to use common sense and pass up putting "First-Time Homebuyer" flyers near freshman dorms. … (10 comments)
I have seen many posts talking about MI being tax deductable this year, and just as many say that a 2nd mortgage is still the way to go. But, I have not seen too many that say MI is better than a 2nd mortgage.
IT is very true, and very sad. Many people have been calling in, hoping to get out of the adjustable rate (which is about to expire) loan they got themselves into- just to get into the home- and now, in many cases the value, is less than the loan balance. 90% … (6 comments)
I started having Webinars last month and plan to do it every 4th Saturday of every month at 1pm Eastern Standard time. There are 2 convenient ways of joining the WebinarVIA INTERNETClick here to join the Webinar. <http://connect.acrobat.com/mycarteretlo> _____ VIA TELEPHONEThe phone conference details are as follows: Phone Number: 218-486-2206 Participant ID: 4695662 … (0 comments)
Attention Real Estate Professionals/Brokers!!
If you haven't heard from your lender or mortgage broker, subprime loans at 100% LTV are a thing of the past . . . or they soon will be.
0 down loans going the way of the woolly mammoth?
IF YOU WANT THIS HARD MONEY LOAN CLOSED FAST (5-10 DAYS), TO 65 LTV WITH MAX COMP TO THE BROKER, GIVE ME A CALL. I WILL ACCEPT ANY CREDIT SCORE, ANY BORROWER AND ANY MORTGAGE HISTORY (CURRENT BK, FC OK). I PRICE UP LENDER PTS, BROKER PTS PLUS EXACT BORROWER RATE … (0 comments)
The number one and most obvious reason is that a huge amount of buyers simply don't have enough cash to pay their agent in addition to paying their loan costs, down payment (if any), and moving into their new home.OK, so why not just roll it into their mortgage???Great concept but … (8 comments)