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Blog entries tagged with "mortgage":
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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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If you’ve started looking into getting a home loan, you’ve probably already discovered that there are a number of decisions to be made. One of the biggest ones is whether to get a fixed rate home loan or to go with a variable rate home loan. Here are some of the … (0 comments)
Two weeks ago we had 3 loan packages submitted and approved with American Broker's Conduit (ABC). We had informed our borrowers that they would be closing at the scheduled time, had sent the packages to the closer (HUD properties) and were happy in knowing we had submitted 3 more good files, … (7 comments)
Anyone who has been watching the media withing this last week saw some big changes in the mortgage industry, including the all of a large national mortgage lender - but then again, we all like placing our loans twice, don't we? If we are lucky, we won't have to do it … (1 comments)
Things are pretty goofy out there right now in the world of home lending. It's a nationwide phenomenon, but it only compounds difficulties were already knee deep in here in Metro Phoenix and Maricopa County. Ditto for most of Arizona, for that matter. 
Because of my blogging here, I've gotten some emails from others who are starting out in the business. Just last week I received an email requesting help from someone who wanted to become a mortgage broker but didn't know where to start. If you are just reading this entry and haven't … (1 comments)
Every day you read another horror story about the subprime collapse. Most of the stories focus on the negative impact Adjustable Rate Mortgages (ARMs) will have on subprime borrowers once their interest rates reset. But what's often unreported in these news pieces is the fact that the risk extends far beyond … (0 comments)
I am an authorized distributor for for some very special software that is given to homeowners absolutely FREE. This software provides the homeowner with a FREE service that allows them to...... *Save thousands of Dollars without refinancing. *Cut years of their mortgage without increasing their payments. *Build equity in their Home 300% … (0 comments)
It is amazing to me that with the chaos in the mortgage industry, more of our mortgage professionals have done little to explain what is going on, or to help the real estate agent associates to survive, thrive and progress. This is an ideal forum for just that.
Last week we saw American Home Mortgage go out of business. I saw major lenders like Wells Fargo, National City, Greenpoint and others cancel half their product line. Jumbo rates went from 6.75% to 8% in a two day period when the bond market actually improved!! That is a phenomenon that … (4 comments)
When you visit a car dealership and the salesman offers you a quote, you know there is some wiggle room. This is where the negotiating starts. You may ask, "Is that the best you can do?" The process is not that different when it comes to shopping for a mortgage. … (0 comments)
LDH ServicesLacey D. HortonMobile Notary Mortgage Signing Agent, Certified and Background Screened 
Hello to all my fellow industry professionals. It is amazing to me to hear how everyone says times are so different. Although I would say that many things are chaning, I believe its our industry correcting itself. For those that have been doing this since the late 80's or early 90's … (10 comments)
I was reading Bryant Tutas blog http://../../blogsview/165445/American-Home-Mortgage-what so there has been quite a bit of discussion on what happened to AHM and I haven't seen a description here of what actually happened. So I thought I would try. This is pretty much how Barry Habib described it in his MMG minutes … (51 comments)
Five people were arrested last week for their role in fleecing homeowners out of millions of dollars in bogus mortgages. So far it seems this group of low-lives preyed upon minorities, the elderly and the poor. Scott Almeida, Orson Benn, Adrienne White, Frank Giffone and Samuel Green were all picked up … (2 comments)
If you have any questions about mortgages. You can most likely find the answer here. If you are unable to find the answers you are looking for. Please give me a call or email me. I would be happy to help you. Refinancing? we can help you get refinanced in as … (0 comments)
Today, for the first time in a very long time, I actually have three post topics floating around in my head!!!! The first one I was going to write today was a follow up to "Are you hulking up your business plan". I had said I would write a post outlining … (120 comments)
I know that some areas have been hit harder than others in the real estate bust, but what areas have thrived in the past years?Boise.Austin.New York City.Who has other first hand input on areas that they are involved in that they have seen thrive over the past few years?I know first … (6 comments)
Last week was an eye-opener for the mortgage industry. Brokers will be talking about it for years to come. In March 2007, we witnessed the Subprime Mortgage Meltdown where bad credit behemoth lenders the likes of Fremont and New Century fell with a thunderous bang - never to rise again. Oh, those … (6 comments)
For those younger me (which should be pretty much most of you), I am not talking about a new tour or album that KISS is about to put out. 
Mortgage Elimination - Part IV 
It is our goal to join together those notaries public who
respect the notary and notary signing agent profession and choose to conduct
themselves within a proper code of ethics set forth by the
United Notary
Association. Not that we can monitor and control everyone's conduct but rather
through UNAA local … (0 comments)
It honestly looked like they had already found every potential participant in the subprime home loan segment who could be blamed for its current troubles. At various times fingers were pointed at the lenders, investors who bought mortgage-backed securities, homeowners themselves, Wall Street outfits that packaged and sold the loans to … (8 comments)
STOP LOSING MONEY 
If this subject wasn't such a big issue right now, then I'd laugh at how Jim Cramer acts in this video. CRAMER VIDEO, But his point about the Federal Reserve maybe spot on. I'm not an economist, but taking pressure off of banks at this moment may not be a bad … (3 comments)
… (1 comments)
Another one bites the Dust! 
We are a Minneapolis, Minnesota based company looking to write Commercial Hard Money loans directly to borrowers in Minnesota, Wisconsin and Florida.
… (1 comments)
On my website for my clients rate alert the following is the Dow Jones for mortgages. Pretty interesting trend down due mostly to the mortgage company fiasco of American Home Mortgage, the Sub-Prime and Alt - A fallout and recent consumer data.
I have heard this one before. A borrower buys a new home with 100% financing with all of the closing costs rolled into the loan or Down Payment Assistance Programs were utilized. Now, that ARM is adjusting and they do not have the money for closing costs. 
Good Morning to all!! Here it is about 730 am Mountain Time and I am happily working away, not because I am leaving the office at 1 today for a little weekend in Steamboat Springs, but because I love what WE do....... the day to day challenge and what will happen … (2 comments)
One of the “fun” things you get to do when purchasing a home is go to an attorney’s office (or whoever is handling the transaction) and sign lots and lots of documents. 
You better start paying attention. This is not a post about Sub Prime. Sub Prime has it's woes, and it doesn't matter if it's rightfully deserved or not, Sub Prime is in a world all it's own. Or so we thought. 
I got the following from IndyMac (the number 1 Alt-A lender in the nation) today:
Well, this week didn't exactly go as planned. With 2 closings scheduled for the same day (7/31), this was supposed to be a very productive week but both of my buyers were turned down for financing at the last minute. Yes, these things happen sometimes and both agreed to an extension … (0 comments)
A potential client I was speaking to the other day got me thinking about what we CAN afford in terms of monthly mortgage payments and what we SHOULD be paying. 
To the Active Rain Community- American Home Mortgage has ceased all operations and are exploring the possibility of liqiuidation as it cannot fund loans and are facing a Class Action Lawsuit (please read article below)!! Please be sure to check with your LO's to see if they are approved or have loan commitment through American Home Mortgage. These loans … (3 comments)
A credit score is a mathematical model that evaluates many types of information on file. Various factors determine your credit score and I will be going over those over the next week or so. Each factor carries a certain percentage that determines a credit score. One factor is your payment history. … (0 comments)
Today 8/2/07, Freddie Mac reported that average mortgage interest rates for 30 and 15 year loans were just slightly lower. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 6.68% (6.62% in the southeast), a drop from 6.69% a week ago. The average interest rate for 15 … (0 comments)
LAFAYETTE, IN - When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn't have to change is the credit status you've worked so hard to achieve.
The Federal Government offers countless programs to our men and women who help their country. Veterans Home Mortgage or VA home loan program is one of those benefits. The VA home loan can be utilize to buy a new home or refinance the veterans home and is offered to all … (0 comments)
10 Mistakes Buyers Make when Buying a Home
What a wild ride for the Dow this last week! News about American Home Mortgage hurt the market but then the Dow was up 150 points just moments ago apparently due (in part) to NAR's pending home sales report shoing a 5% jump. The more I follow the housing and credit markets, … (0 comments)
Credit card debt amongst homeowners is at an all time high in America, It is so bad many home owners turn to bankruptcy to eliminate their bills. Many home owners wonder if they will ever be able to get a mortgage after a bankruptcy and because of this never file bankruptcy … (0 comments)
Before anyone starts looking for a home they should look for a loan that will suit their needs and their pocket book. How do you do this? You need to talk to a lender or your Realtor, and they can hook you up with someone they have used in the passed … (6 comments)
Oconco Marketing, Inc. has fifteen years experience in helping financial professionals reach thier goals.
As you know I maintain an independent blog as the Arizona Mortgage Guru. For those of you who have not been over there in a few weeks, here is a summary of the recent posts:
My mother recently received a 'legal' looking letter from a company stating that her information on a certain card, account, bank savings, checking ending with the numbers xxxx was sold. They fired the employee who sold her info on the market. They told her to watch her accounts for any suspicious … (1 comments)
Rick has a secret life. (If you're just browsing, or if you can't stand the suspense, scroll to the end of the post and leave a comment.)
Are you trying to sell your home but you can't seem to find anyone willing to buy it for enough to cover what you owe on it right now? If this sounds familiar, you are not alone as thousands of homeowners are going through this same exact situation each month. Find … (3 comments)
There have been a number of blogs about non-performing lenders, incompetent loan officers, bad loan programs (or at least a derth of buyer education regarding the pros and cons of those programs) and useless approval letters with the end result being a call for LEGISLATIVE ACTION. Are you kidding me? You … (8 comments)
www.santacruzhomefinance.com
Everyone hold your breath...
Listen guys and girls, in another sign of the U.S. housing and mortgage crisis, American Home Mortgage Investment (a REIT) has melted down some 44 per cent before the opening bell on Monday and all the way down to $1.04 (now down over 90%- and just a little down from it's … (2 comments)
Listen guys and girls, in another sign of the U.S. housing and mortgage crisis, American Home Mortgage Investment (a REIT) has melted down some 44 per cent before the opening bell on Monday and all the way down to $1.04 (now down over 90%- and just a little down from it's … (0 comments)
Yesterday from First Franklin…..
Maybe "old" news for some, new to me after a lovely weekend away, making Tuesday my Monday. I was catching up on what's shaking in the market and yet another lender with issues. American Home Mortgage (ABC is a wholesale arm I've used in the past) is having liquidity issues due to … (0 comments)
Many potential homeowners make a huge mistake by paying their monthly rental payment to their landlord in cash. Why is this a mistake?
American Home Shares DelayedAfter Banks Make Margin Calls
If you are looking to purchase a home in Eden Prairie, Minnesota here are some demographics of the area that I thought would be useful to you. If you are moving to the area and would like help with financing or would like me to refer a realtor to you I would be … (0 comments)
What is "Green Solutions" Lending?
I read all the broker bashing going on . . . how lenders and greedy brokers encouraged borrowers to buy houses they couldn't afford and sign up for payments they couldn't make and about the bailout programs states are putting in place to keep people in their homes and I think … (6 comments)