Due to the success of the $8,000 first time home buyer tax credit Congress looks like it will extend. We should learn in the next few hours to days.

The new extention may go to spring and expire at the end of April 2010 with additional provisions to current home owners.

Rueters reports that the Obama administration is pressing Congress today to back a limited extension of the credit.

Key senators agreed this week on a proposal to extend.

So I will be watching the news wire and update when something changes.

Now if your still trying to close before the November deadline drop me a note or give me a call. With our fast underwriting we can still meet the end of November deadlines.

At your service,
Tony Grego
American Bank

Hey Folks!

Well bank faliures are on the rise. As I posted spammers are already trying to take advantage. But how are you notified when you bank has been closed?

The FDIC notifies each depositor in writing using the depositor's address on record with the bank. This notification is mailed immediately after the bank closes.

When the failed bank is acquired by another bank; the assuming bank also notifies the depositors. This notification usually is mailed with the first bank statement after the assumption.

Every effort also is made to inform the public though the news media, town meeting, and notices posted at the bank.

Never give personal information to folks you don't know and don't identify you by name.

Hope this helps.

At your service,
Tony Grego
Mortgage Banker at American Bank

Hey Folks!

Just got a new "spam email":     ********DO NOT CLICK ON THE LINK********

You have received this message because you are a holder of a FDIC-insured bank account.
Recently FDIC has officially named the bank you have opened your account with as a failed bank, thus, taking control of its assets.

You need to visit the official FDIC website and perform the following steps to check your Deposit Insurance Coverage:

• Visit FDIC website: http://www.fdic.gov/bankinsured/failed/personalfile/holder.php?email=chrismepc@hsh.com&id=1420687953280353301911350874196175165951385494

• Download and open your personal FDIC Insurance File to check your Deposit Insurance Coverage

Notice that nothing is specific. Any offcial email from an entity in which you have an account will address you. Spam emails tend to address you with generic terms.

When you hover over the link notice that the link appears differently on the bottom of your screen.

Just be careful

Now if you have any mortgage needs just give me a call or drop me a note. No spam here. I have direct bank rates and can close in 10 days or less

If you want some signs that the goverment is done helping with mortgages you need to look at the trend that mortgage rates went today.

Most have seen an increase from 1/4 to 3/8. Folks if your not locked you need to look very carefully at doing so now. Some folks may even be in danger of losing loans with DTI issues.

If you need any help or have any questions drop me a email or give me a call.

Kind regards,
Tony Grego
American Bank 

OK folks, the low rate train has left the station and not sure when or if it's coming back. With last weeks housing news and recent trends I'm sure you will agree that it is now time to find a mortgage and lock it.

When you need some help I'm here. American Bank has direct bank rates and I will close your new mortgage in 10 days or less.

Let me know if you need some help

Kind regards,

Tony Grego
American Bank

Since using twitter I find that everything I post, email, blog is under 140 characters. How about you?

Hope to get some great answers with this one. BTW, if your lender has stalled and may not make the November 30, cutoff I can help. Don't lose a deal.

Have a great day

Tony

Hey Folks!

Hope everyone had a great weekend? Well the boys are back in school after fall break. Business is crazy today (end of the month is always fun). Just want to put up someting that many have seen before but is always good for a laugh. Enjoy. If you have any mortgage needs let me know. I will get it done with direct bank rates and can close in as little as 10 days.

Hey Folks!

Not sure about your world but in Central Indiana we're having a rainy, chilly, gray day. Not a bad day, it just is what it is.

So to help my spirits I went to work out this morning. I Wanted to share my experience:

Now I was just kidding about working out this morning but if you know someone that needs to work out a mortgage I will help. Feel free to drop me a email or give me a call.

Have a great day!

Tony Grego
Mortgage Banker at American Bank
Bankers with vision, helping people with dreams!

Folks keep dragging their feet to buy or to get a mortgage. If you're looking to buy or refinance rates are not going to get better.

The problem may be to qualify. FHA changes are coming. Underwriting is getting harder and harder. If you want a low fixed rate and terms get it done. Give me a call or drop me a email with any questions.

If you use me great. If not great. Just help yourself and get it done.

Have a great day!

Tony Grego
Mortgage Banker
American Bank

Hey Folks!

How about some fun this morning? It's Friday and it is going to be a great weekend. Remember we are at the drop dead point for the Tax Credit. If you have buyers that need a mortgage and need it done fast I can help.

Rates are great! Terms are great! All that is missing is the application. So let me know what you need. 

Now, sit back and enjoy the show....

<PL

Tony Grego
Mortgage Banker
American Bank