Art's Mortgage Solutions Blog

Mortgage and Lending - Mortgage Solutions Financial
This is the place to learn about mortgage finance and how it is impacted by the political, social, and economic climate of the country.
The following is an article published in todays edition of Mortgage News Daily: The continued availability of government guaranteed mortgages for rural homebuyers was virtually assured yesterday when the House Financial Services Committee voted to approve H.R. 5017. The unanimous vote will send t...
In case you didn't know, we have been hanging in limbo on properties that require flood insurance for several weeks now.  The old FEMA flood insurance appropriation had expired and congress had not re-authorized until now.  Congress approved the Continuing Extension ACT of 2010 (H.R. 4851), which...
Lenders accross the land are taking different twists on the FHA flipping rule waiver.  Just to demonstrate how major lenders are treating this tender topic, I will list some examples from the largest national leaders. Some things are simple, others not. On January 15, 2010, HUD issued a Waiver of...
Borrowers need to be aware that many mortgage brokers are choosing to raise fees to maintain their income on each loan transaction.  Following is advice from one major wholesaler to their broker customers:   THE NEW GFE  See the original GFE given to the Customer - Line 1. Contains the following:...
A few months ago I wrote a blog titled "The Death of an Industry".  To say the least it met with a lot of resistance from the Mortgage Broker community.  The Mortgage Brokers of active rain showered me with reasons why I was wrong.  They contended that mortgage brokers could shop for the best dea...
Do you ever want to get away for the weekend but don't have an extra 4 or 5 hundred bucks laying around for a resort hotel?  Have you ever considered going camping?  Yes in February. My family and I will often pack up and head out to one of the many Oregon State Parks that offer Yurt camping.  Th...
The market share for refinances must be considerably lower here in Oregon.  Borrowers are really in a bind with shrinking equity and tougher loan underwriting.   Art Marine Branch Manager 10220 SW Greenburg Road, Suite 250 Portland, OR 97223 503-764-4005 direct 503-799-7085 cell 1-866-510-4716 fa...
I think we are poised for an early Spring buying season for real estate in 2010.  Several factors come together to make this possible.  Real Estate prices have dropped like a rock.  Some areas have dropped 40 to 50% or more.  The clearance sale is on! The federal homebuyer tax credit will expire ...
The following from a CNBC story: CNBC Reports... Fannie, Freddie Cannot Exist in Current Form: Frank Rep. Barney Frank (D-Ma.), chairman of the House Financial Services Committee, said Friday that Fannie Mae and Freddie Mac should be eliminated as they stand now. "This committee will be recommend...
I would suggest the Clackamas County Fair and Events center.  This is an incredible facility with enough space for very large events and small settings inside for smaller more intimate events. The management at this facility is exceptional and the prices are reasonable.  I highly recommend them! ...

Art Marine

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