Dear Reader,

It is 7:45pm on this snowy Friday night here in Fairfield, Connecticut. Town of Fairfield

I am sitting here at home on a comfortable couch with my wireless broadband dell laptop.  A perfect time to blog about my march madness and I am not talking about the NCAA tournament.

What is going on?  So much madness that before I continue to share the madness, I wanted to share this video that I just found on YouTube  http://www.youtube.com/ which I totally think is matching the feelings that I currently have.  Enjoy this 5 second video clip and you tell me if you agree with this video and if it is appropriate for this blog tonight.

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If the above YouTube video clip is not working then view it directly by clicking on this link: http://www.youtube.com/watch?v=z9kwKzvfogc

Okay, so now that you understand the madness that is surrounding me at this time.  I think if I blog about it in a listing format, it will be much easier for you to read.

1.) Sub-Prime Mortgage Meltdown: There has been somewhere between 35-40 sub-prime mortgage companies that have gone out of business or are well under way of going out of business. 

2.) Sub-Prime Mortgage Guidelines Tighten Up: The sub-prime mortgage meltdown has caused a tightening of the sub-prime mortgage guidelines for almost all of the banks.  The guidelines had already began to get tighter in the past 6-8 months ago but they sure did step up and take away 100% financing from almost all of the banks.

 3.) Losing Borrowers: I personally lost a couple of clients who had plans on purchasing their home with a sub-prime 100% financing mortgage.  This does not mean that they are not able to purchase a home anytime soon it just means that with my professionalism and a helping hand, I will help them improve their fico/credit scores and even teach them how to save money so that they will be positioned well to get qualified to purchase a home.  Note: Countrywide Home Loans still has 100% financing mortgage but only when you go full documentation and if your credit score meets our sub-prime mortgage guidelines.

4.) Nor-easter in middle of March: Are you kidding me?  We are getting more than a foot of snow in the middle of March?  What?  The first day of spring is less than 5 days away!  Unbelievable, now this is March Madness.

5.) Realtors Listing Sold: Some mortgage professionals dislike Realtors or trying to build relationships with Realtors but not me.  I love Realtors and I receive most of my business from Realtors.  I co-hosted an open house 2 weekends ago with one of my Realtors.  He received an offer and they accepted two days ago.  That is right, the listing was sold by my realtor in less than 2 weeks.  This is good march madness but still makes my list.

 6.) One of my favorite restaurants: One of my favorite places to eat, Rory's closed down.  This was one of the best places to eat here in Fairfield, CT.  What a disappointment because the food was amazing and it was a great place to bring clients and business partners.  Fairfield, Connecticut is going to miss Rory's for sure. 

 7.) Countrywide rumors: I can't even tell you how many people have contacted me about the rumors.  How is your company?  How many are getting laid off?  Countrywide is the largest lender in the land and the #1 lender in the land and we are going no where.  Sub-prime mortgages are only 7% of our total business.  If anything, all of this sub-prime meltdown will be better for Countrywide as we will pick up more market share.

 8.) $300 Cell phone bill: Wow, $300 cellular phone bill in February.  It could be a bad thing or a good thing but it was definitely good for me.  I had a personal best month of February in all of my years in the mortgage business.  They say the record setting annual bonuses people received caused a pre-mature spring market here in Fairfield County, Connecticut and I took a big advantage of that by helping consumers with their home financing needs.  I know this was a February record but the bill I got in March!

 9.) Moving up on search engines: Yes, moving up on search engines like it is my job!  Madness I tell you, madness.  I just got a call 5 minutes ago from a homeowner who wants to refinance even though he bought his home in October of 2006.  I asked him how he found me, he said his wife found me on the internet.  Spent 8-10 minutes just now talking to him and I am ready to see what I can do to help this young couple out with their extremely high mortgage payments.  It is my job now to see if it makes sense for them to refinance and if a refinance is in their best interest.  In March, I moved up on search engines and my incoming calls increased.

 10.) NCAA what else?  Yes, NCAA!  Folks, the game have begun and everyone is glued to their tv sets watching all of the games and seeing how their brackets are doing.  I am actually winning in an office NCAApool which I was invited to on CBS SportsLine http://www.cbssportsline.com/ MADNESS I tell you, MADNESS!

Hope you enjoyed this entertaining blog today.  Thanks for dropping by.

*Note: If you are a first time visitor to this blog then you can subscribe to this blog by clicking on this link: FREE Quotes! 100% Financing! Local Mortgage Specialist! Connecticut, Home Loans, CT, Call: 203 913 6016

Your Connecticut Mortgage Man,

Nima

203.913.6016

http://www.mynima.com/

I work nights and weekends for your convenience!