Ricardo Bueno

Well, the bill passed the House of Representatives yesterday and it's definitely big news for the origination business. Here's what happened: The House voted 291-127 to approve HR3915 - This ultimately brings forth new rules for lending standards, predatory lending AND nationwide mortgage broker ...

When you turn on the flicker and all you hear is market doom and gloom and our continuing credit crisis, it's because the originator on the receiving end of this question responded by saying:   "What do you want it to be?"   And low and behold you were SOLD a rate! You called Lender after Lender....

Our current Fed Chairman Ben Bernanke spoke this morning at the Cato Institute, our libertarian think thank stationed in Washington, D.C.                                            LISTEN TO PODCAST  He reported some changes in the way the Fed will be reporting information. He says it's "in an e...

In a previous post I wrote about how Customer Relationships are all about Conversations! A blog helps us achieve effective conversation with clients! Unlike a static website, it's a fluid site that allows us to converse literally 24/7 with clients. It's fluid and ever-changing in the sense that o...

Not long ago Morgan Stanley reported that they had a net dollar amount of Subprime exposure totaling $6 billion. Recently however, bellwether Morgan Stanley reported their total net Subprime exposure is up to $12.7 billion; that's an additional $6.7 billion stemming from their Subprime exposure ...

Recommendation: Float, but float with caution! Contact me for a rate quote! So what's going on in the credit markets? If you've been following Stocks, you know that we had a volatile week last week; from Ana Connell's Burbank Market Report: "The Dow plunged 224 points after a volatile session, t...

The big news for today is China and their desire to diversify their holdings away from the U.S. Dollar. If you've been watching or listening, then you've caught Chinese Officials saying, "We will favor stronger currencies over weaker ones, and will readjust accordingly. The U.S. Dollar is losing...

Recommendation: Cautiously float! Contact me for a rate quote! With no economic reports on deck for today, the Stock and Bond markets are being driven by headlines from financial bellwethers reporting major losses in their mortgage holdings. Headlines such as: - The departure of Stan O'Neal; Merr...

Just Tell It Like It Is! - You don't have a pre-approval yet? Just say so! Admit that all you've done is a pre-qualification and you still need to verify all of the paperwork to see if they really do qualify. - Buyer doesn't qualify? Just say they don't! Don't revert to the "well we have a thousa...

Are you a boyfriend/girlfriend, fiance/fiancee, or in a similar relationship with a significant other and First Time Home Buyers? You have a rental lease ready to expire in December of 2007 and you decide that it's time to buy a place of your own. You're through paying someone else's mortgage and...