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Blog entries tagged with "mortgage lending":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
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Hi folks,I started to respond to a blog posted by Andrew Stone regarding prefab green homes and ended up writing a lot more than I expected to, so I figure'd I'd post my response here as well. He proposes that it's possible that prefab homes may become a much more acceptable practice in the … (1 comments)
Yesterday I had the pleasure of being a guest on a local radio program, Prime Talk, hosted by Mark Ross, the President of Prime Capital Mortgage every Monday during afternoon drive time. Mark invited me to come on so that we could discuss First-Time Homebuyers. Mark Ross - Loan Guru & … (1 comments)
As a Mortgage Professional who has been in this industry for over 25 years, I've seen it all! I've endured the many cycles of expansion and contraction that have occurred since 1981 and that has made me very flexible and able to change with the market. What amazes me about this … (0 comments)
I find it funny that in 2007, every other news story on local television here in Central Florida, was another story of the “sub prime meltdown” and the imploding Florida market. But that is the way of TV media – exploit a story until it dries up, or people are so … (20 comments)
The following are ten keys that we in the indymac managment team are going to do to survive the market of 2008: Preserve CapitalMaintain maximum liquidityIf not profitable cut expenses down to where you break evenbe prepared to fire friendsCredit quality matters more than everStop paying outrageous pricesCommit to be3tter financial reporting: … (3 comments)
Hi Dave D, in the San Gabriel Valley & my fellow active rain associates,Wishing you all well for the holiday season and for a better 2008. In responce to Dave D. of the San Gabriel Valley, that the Sky is falling and what to do?I can not afford to take my house off the … (3 comments)
The mortgage industry came up with some twists on mortgages like interest only loans and teaser rates to start out their loans with but they are still all based on the 30 year models that are quite archaic and with not much creativity. 
Are we looking at run away interest rates...Read this article and you tell me, (Bond market worried)With higher energy costs, and the weakening dollar, not much could push this market over the edge. Hyper Inflation would be the first result, which would then be followed by a huge deflationary spiral or … (0 comments)
Given the recent developments in the lending industry, coupled with the over-supply in the housing market, we find ourselves in a situation that some term a "buyer's market". I want to give my take on the matter and see what other industry professionals have to contribute.
Indymac Bank has proven itself to be one of the strongest companies in the industry. As of June 30th, 2007, Indymac Bank registered $3.5 billion in total operating liquidity and $2.5 billion in regulatory capital; 62% higher than the regulatory requirement to be considered "well capitalized".Indymac offers a full menu of … (1 comments)
With over 5 years experience with Southern Lending Corporation I can offer clients a wealth of experience and knowledge in the home buying process. I have lived in the Houston/Galveston area nearly my entire life and as a native of the area I take extreme pleasure in assisting local residents with their mortgage needs as … (1 comments)
Mortgage calculators are ubiquitous on real estate-related Web sites but that doesn't mean that they're helpful.
Are Mortgage Lenders Ripping You Off? by Bill Roberts Everybody knows about Loan Origination Fees (points) which are charged up-front and are disclosed to the borrower. That's how the Loan Officer gets paid, right?You may not be aware of it but the "money" in making loans is in the yield spread premium … (12 comments)
Gee, things have changed in the mortgage market, and that buyer who qualified to purchase a scant 45 days ago now finds him/herself scrambling to figure out how in the world they are going to keep from losing the earnest money on that home they put a contract in on, met … (2 comments)
With all the negative press about the mortgage industry, it is hard to believe that some, if not most, of the available mortgage programs are experiencing a decline in rates. That is, a decline that is relative to where rates we 30,60, or even 90 days ago.While some wholesale lenders are experiencing … (6 comments)
The Closing Date is one of the most critical aspects of a real estate transaction and one that is taken too lightly. When I represent a buyer, I counsel them to choose a closing date that is, not only convenient to their moving schedule, but also one that is LEAST LIKELY … (4 comments)
Trivia: The boardwalk will be 100 years old on June 15; however, the Big Dipper is only 83 years old. The first ride and the original roller coaster was called the L.A. Thompson Scenic Railway and was built in 1908. The Carousel has 73 horses, all with real horsehair.Sales Corner: Think … (0 comments)
After I have completed the loan application and ran them through AU and gotten them approved, I send an email to the buyers Realtor, the sellers Realtor, and the Title Company.I tell them that the buyers are approved and that this is how I read the contract. I go through the … (30 comments)
This is a reprint of an article that I wrote for the Bloodhound blog just a few days ago.
I had to laugh at this article on the Snohomish County Business Journal's website. They actually put out a very good publication, but not sure how this made it through. Maybe he's an advertiser? I know even Mr. Skip Kelley probably couldn't have said this with a straight face ... 
Hovnanian Enterprises, a luxury home builder, reported that its losses are "bigger than it had previously expected"...and guess why? "The subprime mortgage crises."http://www.reuters.com/article/gc06/idUSN0426931520070504?src=050407_1317_FEATURES_subprime_mortgage_troubleThe losses it's suffering are significant. "The company expects a loss of 45 cents to 50 cents per share for the quarter, ended April 30"Looks like the subprime market … (0 comments)
Thomas J. Quick 
For the last several years in the booming housing market we have seen some very relaxed lending guidelines.Mortgage lenders over the past several months have began to tight lending guidelines across the board. In the purchase market place for sub prime borrowers with 580 credit scores it was easy to qualify … (0 comments)
First and foremost, keep in mind that Texas is a foreign country. We only joined the union like 6 years ago so we still do things a mite different down here. My point is that there's no need to shoot holes in this proposal because it doesn't fit Arizona. ok?