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Blog entries tagged with "mortgage 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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Today, there's lots of talk to those in their twenties and thirties about putting money aside for retirement. It's good advice but the men and women retiring today weren't given that same advice 35 years ago. So, in order to supplement their retirement, many retirees are looking to their most valuable … (2 comments)
The month of August is put aside for getting out and meeting and greeting new clients, people of influence,, going to networking groups, chamber of commerce meeting, you name it, if I can squeeze it into my schedule I will be there.
I have had something in my craw for some time and it has to do with people that are both Realtor and Loan Officer. I don't know about other states, but in Oregon it is perfectly legal to represent the client as both the Realtor and Loan Officer. If you throw … (5 comments)
In this business as in life, you have to look for humor where ever you can find it, share it and LOL as those laughs are supposed to be extremely good for you.
Los Angeles Times
This blog entry was originated by Lenn Harley of Rockville, Maryland, and she gave me permission to post it here today. I thought it a worthwhile read. I am following shortly with my own reflections and take on the backing that Freddie Mac and Fannie Mae have been assured by their sponsor, the Federal … (0 comments)
After the most painful year of my 24 year mortgage banking career, I can now report that I am officially an employee of the Federal Government. As everyone knows, last Friday the Office of Thrif Supervision put Indymac Bank into receivership and tranfered most of the assets to a new company, … (3 comments)
Who is IndyMac and what does that mean to you?
You've no doubt heard their commercials.
The Government of Canada today announced adjustments to the rules for government guaranteed mortgages aimed at protecting and strengthening the Canadian housing market. The new measures include:
Indymac, the nation's largest independent mortgage company after the recent purchase of Countrywide by Bank of America, stated today that it was slashing its workforce by over half and ceasing almost all forward-looking mortgage lending.
It’s quite true that today’s mortgage lenders come in all varieties. The mortgage fallout of the foreclosure scandals have some people doing a double take on their lenders, both when they are buying and since they have bought. Countrywide remains as one of the ugliest mortgage lenders of the housing bust, … (2 comments)
It becomes increasingly difficult to find the lenders who have been in the business 10+ years and who make a point to stay on top of the everyday changes in the marketplace right now. I have used OPEN mortgage for years and I would not go on the line for them … (0 comments)
As mortgage lenders limit how much money they will lend and to whom, co-signing home loans is growing in popularity.
"Co-signing" a home loan is when a third-party -- usually a parent or relative -- promises to make repayments to the bank in the event that the borrower falls behind on … (0 comments)
Yesterday I listened to syndicated radio talk show host from Sacramento Tom Sullivan compliments of newstalk 1530. The more I listened the more I took offense to his over simplistic appraisal of the current market situation and what to do to "solve" it.
Compliments 1530 Newstalk Sacramento
"We should go back … (1 comments)
The word is out there. it has been said that Mortgage banks and direct lenders are eliminating mortgage brokers. 
May 12, 2008
Many homeowners are not aware of the services that mortgage lenders can offer when a person is behind in their mortgage, they are afraid to ask questions, more than 50% of the families foreclosed upon never call for help! ,is a phone # 1 888 995-HOPE, For this process the borrower … (5 comments)
Please click on the link below for some helpful INFO that MAY COME IN HANDY for your HOME BUYERS ! http://vid.realtytimes.com/Agents/RoyMason2.wmv … (0 comments)
Before I left Irvine, California and moved to Greenville, SC I briefly considered buying a 3 bedroom town home with a 2 car attached garage. It was stupid expensive. I knew I really could not afford it and I knew that it was dangerous to even attempt to make it … (0 comments)
It seems that this is a popular route these days. For every 'ill' that plagues our country, there inevitably has to be a scapegoat to blame it all on. When it comes to the mortgage industry, who better to blame than the mortgage brokers? 
WASHINGTON -- The Federal Bureau of Investigation is probing subprime lender Countrywide Financial Corp. for possible securities fraud, according to law-enforcement officials and finance-industry executives.The inquiry involves whether company officials made misrepresentations about the company's financial position and the quality of its mortgage loans in securities filings, four people with knowledge … (2 comments)
Have you spoken with a mortgage lender yet? This is probably one of the first questions a real estate agent will ask you when you first meet. And they should. It's actually one of the most important topics to understand about buying a house. Many home buyers have sat down at … (1 comments)
My background before starting Yourdoormat.com in 2000 was in advertising sales for Newscorp. and Time/Warner . CPM's were most important to clients. But you have to be in right medium and you have to be in a medium that enables you to create a reasonable amount of awareness (i.e. there must … (0 comments)
Putting an end to all of the rumors that has been flying around Wall Street, Bank of America Corp. announced today that it's purchasing Countrywide Financial Corp. for $4 billion, effectively doubling down on a previous investment in the troubled firm and catapulting the buyer into the top spot among mortgage lenders … (28 comments)
Many first time home buyers have never heard of one of the most affordable housing options available in North Carolina. The NC Bond loan is a low interest mortgage that is available to first time home buyers or individuals who have not owned a home in the last three years. My … (0 comments)
You know it’s almost New Years. The tell tale signs have been everywhere. In our News Papers all the adds for Weight Loss and Final Year End Sales at the malls, not to be out-done by the late night infomercial's and local news casts extolling the virtues of a healthier you … (0 comments)
Probably never before in the recorded history of real estate transactions has foreclosures received such prominent attention. It is as equally likely that there have never been such a high percentage of foreclosures in relationship to all other real estate transactions. In fact, the possibility of foreclosure has most likely never … (2 comments)
WASHINGTON -- The House passed legislation to give more protection to home-mortgage borrowers, but deadlocks in the Senate make it unlikely that such a measure can be enacted into law before next year, in the latest sign Congress is struggling to address the nation's mortgage crisis.
by Gaurav Bhola, MSM 
There is no question that the Real Estate industry is pretty hectic these days. An article in the Wall Street Journal illustrates one problem in particular that Homeowners are currently facing. Some homeowners are finding that they owe more money than their homes are actually worth. As you can imagine this … (2 comments)
I was speaking with a realtor friend of mine a few weeks ago. We were actually at on open house on Sunday afternoon. She informed me that this was going to be the sixth time she sold this house. She was referred from buyer to seller to buyer to seller, and … (5 comments)
A half a year ago, I wrote about the shameful presence of prejudicein some real estate transactions. In response to my post, I asked my husband and psychologist, Dr. John Yacenda, to comment on his read of the situation.He reminded us that it is illegal for Realtors to steer persons to one neighborhood or … (10 comments)
Big corporations are taking notice to what many buyers want.....to go GREEN! Last month, Three major players in the mortgage industry responded. Citigroup Inc.'s mortgage division launched a program that offers $1,000 off closing costs with its energy-efficient mortgage through the end of the year. Bank of America Corp. launched an … (0 comments)
It seems like the market is dropping lenders like a bad habit!It's really bad for those who are losing their jobs in this market.It's becoming harder and harder for a Loan Officer & Realtor to survive in this market.The worst part of it is that most employees received no indication that their … (5 comments)
Wilkes-Barre, PA is a little over two hours from New York City and NJ both. Houses in our area are dirt cheap compared to those markets, so more and more people are getting squeezed out into our market from those other markets. Add to that the fact that I speak Spanish … (16 comments)
Find Mortgage Lenders, Use Calculators & more!Virtuoso-of-Real-EstateToday, 05:49 AMThe Mortgage Center has been designed to help you with the financing aspects of your home purchase. Here you'll find valuable tools that make shopping for a mortgage and selecting a lender easier then ever before.Today's Current RatesMortgage Rate AveragesProgram Rate Change30 Year … (0 comments)
Hi,I am a realtor in Oakland County, Michigan where, like in other parts of the nation, we are struggling to have our mortgages approved and our homes appraised--in other words, getting our homes SOLD.
Even though the Feds cut the discount rate, which is the rate that the Federal Reserve charges qualified lenders, problems in the mortgage industry continue to grow. Since August 1, 2007, more then 25,000 financial service workers have lost their jobs nationwide, and more are coming.HSBC, Europe's larges bank, plans to … (0 comments)
Fieldstone Mortgage Company has closed its doors at the end of the day Tuesday July 31 2007. Will they reopen any time soon? After ABC ceased funding only days earlier and Countrywide announcing bad news, yet another casualty in this the second round of lender fallout. The end of year 2006 was awash … (9 comments)
UPDATE! There's been a change to the topic/subject for this weeks Carnival of Content. After discussion with several prominent members, the topic/subject is being changed to "ARMS vs. Fixed Rate: Which is Better?"
I just read a great post by Joe Zapata called The Relationship between a Realtor and a lender how important is it? It is a great post I believe everyone should read it ( I am new to this and I do not know how to link it or I would) … (3 comments)
The NAACP is suing several major mortgage banks because the organization believes blacks have been steered in to high cost mortgage loans. The NAACP is citing the Home Mortgage Disclosure Act (HMDA) data that is collected on all mortgage applications which identifies the racial make up of mortgage applicants. A study … (3 comments)
I have been ask by many homeowners, If I switch to a Bi-weekly mortgage payment service , how can this service be for free.When we developed the Mortgage Manager Savings Program, we searched for a way to eliminate this cost and provide the service free to the homeowner. Volume is how we are able … (0 comments)
OK there, if you're wondering why I have no freinds, it's because I DON'T KNOW HOW TO FIND ANY (ha, ha!) maybe no one even sees this, I don't know but this is pritty cool. Yes, I know.......... sista girl need to get her hair done and a professional photo, well........ … (8 comments)
....but this time I am more impressed.....This time her touch was more in keeping with what I suspect is the actual spirit of ActiveRain so I had to share this interesting conclusion-Jennifer and I may be life long friends after this. I'm so glad to have heard from her (she did actually follow … (0 comments)
Just looked at the mortgage lenders/banks that have been competitors of McCue Mortgage Company and mine over the last 27 + years. This is not a complete list. Feel free to add any more that you can think of.Hartford National Bank, Norwich Savings Society, Home Bank & Trust, Fidelity Guaranty Mortgage Company, Boston … (3 comments)
Alan Hummel, spokesperson for the Appraisal Institute, in prepared testimony Tuesday before a Senate subcommittee on mortgage industry abuses blamed poor regulation of mortgage brokers and lenders, and weak or nonexistent enforcement of real estate practitioners for the practice of "hitting the number" (aka inflating the value of a property … (0 comments)
Here is an interesting article in cnn.money.com:
Felix Pie, Chicago Cubs center fielder, had a great game today. A center fielder needs a variety of skills to be successful - great hitting, a strong arm, range, speed, great communication with teammates, etc. Felix would make a great mortgage lender. We mortgage guys and gals require a lot of these … (0 comments)
Finding country real estate online has been a real challenge. So has marketing it! The big nationwide websites are not very useful for searching for rural homes, farms, ranches, or horse properties. Most don't even allow searching by acreage, or even consider allowing barns, irrigation, or crops as search criteria.
This post goes out to all of the people being affected by the so-called "Subprime Implosion". The effects are starting to take place. Subprime lenders are packing up and heading for the hills. I had contact with the first Subprime representative in about 3 weeks. That speaks for itself. The word … (3 comments)
Let me begin by saying the majority of our owner-occupied lending is conforming purchase funding. We do some refinancing and some non-conforming but the majority of our business is builder, agent or investor referrals for new or previously owned acquisition. Let me also say that I know geography and business model … (7 comments)
Lately we've been seeing mortgage lenders more active in the real estate market - they are holding open houses for agents, and in fact are posting signs where they are the name and phone number on the sign in the yard for contact information. Sometimes these are listed on For Sale … (1 comments)
Just received this from SouthStar FundingDear Customer, SouthStar Funding, LLC has ceased its mortgage lending operations effective immediately and is unable to close or fund any loans. The closing agents have been instructed to cancel any pending closings and are not authrorized to close or fund any loans from this … (4 comments)
The reason many mortgage lenders are in trouble became alarming clear Tuesday. The Mortgage Bankers Association said more than million Americans with a home loan missed at least one payment at the end of last year--and the rate of new foreclosures hit a record. The problem is most severe for borrowers with scuffed … (2 comments)
Three major trade groups want the GAO, the Government Accountability Office to look into the the underlying causes of the marked increase in foreclosures.
Another sub-prime lender bites the dust. With the instability of rates and the slow down in home sales it makes you wonder if we're headed for a late 80's early 90's market. I guess it all depends on which expert you listen too. Expert: "ex" as has been - "pert": a … (2 comments)
What type of letter is needed?LOAN ARRANGER After you've done the research needed to learn all the latest trends, mortgage jargon and interest rates, you may discover that you have to figure out what type of letter will be required by a seller. There are three types of mortgage letters: the … (3 comments)
J.D. Power and Associates released their results of a study of mortgage lenders and customer satisfaction. The 2006 Primary Mortgage Origination Study is based on responses from 4,115 consumers who originated a new mortgage in the previous nine months. The study was fielded between October and November 2006.And the winner is? … (5 comments)
Our Team typically handles between 160 and 180 transaction sides a year and we see all kinds of Lenders. The Good ones who still understand what it means to provide the customer and the agent with genuine service.(Very rare!) The Bad ones who could care less about service and surprise the … (1 comments)
Study Reveals Brokers Are Less Costly Option For Sub-Prime BorrowersNew Study Finds Factual Evidence That Consumers Pay Less With a Broker