declining markets: Did you Ever Dissect a FROG? - 10/19/08 06:14 AM
I was having a conversation with my 4 year old daughter this morning about FROGS. I remember dissecting frogs in high school. I kinda of feel like I am in this process now with my mortgage company.
We were talking about frogs because Animal Planet's Jeff Corwin will have a special called THE VANISHING FROG that premieres Nov. 20 at 8.p.m on the Animal Planet channel. Poor frogs are dying from a fungus that is threatening the species to extinction.
When we started┬ádissecting frogs in high school, I had a very hard time with the task when it was first introduced. … (2 comments)

declining markets: Freddie Mac and Fannie Mae Eliminate Declining Market Reductions to LTV - 05/30/08 04:56 AM
Yesterday was a big day! Freddie Mac jumped on board with Fannie Mae and is also eliminating the Automatic Reduction in Loan To Value (Downpayment requirements for purchases) effective June 1st. If your property was located in a Declining Market prior to June 1st, Lenders were requiring additional down payment of 5% on all programs and products.
So next week, this nonsense ends!! Hooray, it has been difficult to explain to borrowers that they needed additional money for down payment because they are buying a home that is located in a market that is losing value. Foreclosures and long term listings … (6 comments)

 

Julie Hite

West Bloomfield, MI

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Guaranteed Home Mortgage Company, Inc.

Office: (248) 539-5937

Fax: (248) 539-5938



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