mortgage: Rates & Real Estate - 04/09/13 03:16 AM
Rate remain low with the uncertainity of the stock market and factors over seas. The Real Estate market has picked up in our local area of Southern Litchfield County, CT.
Drakeley web site - Real Estate properties in Southern Litchfield County, Northern Fairfield, and Northern New Haven Counties.
Cabrillo Mortgage - We are a direct Lender & a TPO with over 60 different wholesale lenders. All programs, all types.
 
We are licensed in CT & CA. 
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mortgage: HARP 2.0 - Fannie Mae Freddie Mac Owned loans - 02/21/12 05:53 AM
http://thedrake.over-blog.com/article-rates-harp-2-0-fannie-mae-owned-loans-99857996.html
today we have seen rates climb a bit off of historic lows - and with oil prices soaring, we may still see them improve...
  Coming in mid March of this year, the government will open there doors to the new HARP 2.0 that will allow homeowners who are current on the loan, but under water on value - re-finance into low rates with no LTV( loan to value) requirements....Also - check with your bank to see if your loan is owned by Fannie Mae or Freddie Mac, b/c of the new loan programs DU-re-fi plus & open access, makes it … (2 comments)

mortgage: New FHA Streamline access coming - 02/20/12 12:50 AM
Courtesy of Origination News:
 
The Obama administration has opened the door for nearly 1 million existing FHA borrowers to refinance by encouraging lenders to originate more 'streamline' refinancings.  But will it happen?The Federal Housing Administration is changing its Credit Watch monitoring system, making sure that lenders are not penalized for refinancing risky borrowers trapped in high interest rate loans. As part of the president's new plan to help struggling – but current --   homeowners, FHA is removing 'streamline' refinanced loans from the lender's Credit Watch "compare ratio," according to a White House fact sheet. "This will open the program up … (0 comments)

mortgage: Harp 2.0 - 02/10/12 03:36 AM
New Harp 2.0 - begins In March....underwater on your mortgage, current on your payments with no lates in the last 12 months, Fannie or Freddie own your loan.....no appraisal required....up to 125+ LTV....Call me for more information or assistance on this government assistance program!
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mortgage: 3 Red Flags When Applying for a Mortgage - 11/07/11 05:18 AM
More lenders are scrutinizing mortgage applications since the financial crisis fallout, which has triggered fears of borrowers who will default or walk-away from their mortgage or mortgage fraud. 
Here are the triggers that may cause the most lender scrutiny of loan applications, according to a recent article at The New York Times: 
Large deposits of money: Lenders are required to account for any cash gifts for down payments, such as from relatives. So if a borrower earns $5,000 a month and suddenly deposits an extra $10,000 beyond that, lenders may question where the money came from when applying for a loan. 
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mortgage: FICO, CoreLogic Partner to Map Future Credit Risk Scoring - 10/19/11 01:00 AM
A new collaboration between FICO and CoreLogic, two of the nation’s largest risk scoring data providers, plans to upgrade existing mortgage credit risk scoring models and consequently pave the way for broader access to multiscore rating benchmarks. … (0 comments)

mortgage: Another Retail Shoe Drops at B of A: Top Producer Departs - 10/07/11 08:57 AM
Bank of America continues to say that it's committed to retail mortgage lending, but the megabank suffered another blow recently with the departure of one of its top loan producers in the nation, Kevin Budde of Southern California.
 
Courtesy of National Mortgage News.
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mortgage: Hello Agents & Brokers - 10/07/11 01:31 AM
I have been in Real Estate for 20 years, and have been an active broker for 15years.
 
I am also a Licensed Mortgage Loan Originator in the state of CT. We are a 3rd party lender, and work with many different wholesale banks. After April 1st of 2011, the industry got turned upside down...
 
stay tuned for the story....and thanks for following my Realtor blog...info for the Realtors!!
 
check back soon for my mortgage trends & market newsletter designed to help & assist todays Realtors.
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mortgage: The New World of Mortgages & Real Estate - 05/19/11 05:16 AM
 
In today's mortgage market, things are not as they used to be. As a licensed mortgage specialist in CT, I can assist you in more ways than one. With the capability of comparing many different lenders for competitive quotes & programs, I thoroughly explore what would be the best option for you, the consumer,  in today's Real Estate & Mortgage markets. Having 18 years of experience as a Real Estate Broker provides & assists my clients with the maximum knowledge & effort needed to make your dream home purchase come true. Contact me @ (203) 592-0077, via e-mail at rdrakeley@snet.net.
Stay tuned for … (2 comments)

 
Rob Drakeley, Realtor & Mortgage Professional (Joyce S. Drakeley Real Estate & Cabrillo Mortgage)

Rob Drakeley

Realtor & Mortgage Professional

Woodbury, CT

More about me…

Joyce S. Drakeley Real Estate & Cabrillo Mortgage

Address: 256 Main Street South, Woodbury, CT, 06798

Office: (860) 417-6767

Office: (860) 945-1188



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