loans: Refinancing and the Adverse Market Fee - 08/17/20 02:24 PM

Refinancing and the Adverse Market Fee
There was BIG NEWS this past week in the mortgage world. Freddie Mac and Fannie Mae announced that they were granted permission from the Federal Housing and Finance agency to charge an "ADVERSE MARKET FEE" of .50% on all refinance loans. This fee which the lenders are saying is to address risk management because of the current Covid market is not getting good feedback and many lenders are upset about it. The bottom line is that it will be more expensive to refinance your home. Whether you are doing a cash-out refinance or … (1 comments)

loans: Stop Asking Me if we are in a Housing Bubble! - 12/15/17 02:03 PM

Stop Asking Me if we are in a Housing Bubble!
When home prices are skyrocketing to new record highs it is natural to wonder if what goes up will be coming down. The question I get asked all the time is when will this happen, are we in a housing bubble, and when will it burst.
I want to assure you that our market is not in the same position it was when our market saw its last big correction. To get a better idea of what is ahead you need to look back and analyze what happened when … (1 comments)

loans: QRM Mortgage Rule: What You Need to Know - 10/31/14 04:04 AM

QRM Mortgage Rule: What You Need to Know
In 2010 the federal government enacted the banking reform bill developed to address the financial crisis and the number of homeowners who lost their homes due to too liberal lending practices. While additional regulations were needed, the result was that many of the resulting lending requirements were too strict and due to "risk retention" requirements that were not only expensive, but caused many would-be homeowners to not qualify for loans based on these new requirements.
The Federal Deposit Insurance Corporation (FDIC) is the first in a number of regulators to release … (0 comments)

loans: Government Shutdown: Another Stall for the Real Estate Industry - 10/11/13 05:39 AM

Government Shutdown: Another Stall for the Real Estate Industry
Just when we thought the real estate market was back and moving along nicely, the government decided to shut down. Real estate is driven by consumers who are ready to buy and sell, and when consumer confidence gets low, sellers and buyers stall too. Buyers who are ready to sign on the dotted line are no longer queuing up in multiple offer situations; they are deciding to sit on the sidelines.
Buyers and sellers who are eager to sell and take advantage of the low interest are now questioning this … (1 comments)

loans: President Obama Has a Lot to Say About the Housing Market - 08/09/13 04:01 AM

President Obama Has a Lot to Say About the Housing Market
On Tuesday, August 6th, President Obama spoke in Phoenix, Arizona at Desert Vista High School, explaining his vision to promote home ownership in America. He praised reform of the financial systems and talked about the reckless practices that led to the housing crisis.
A visual representation of his vision can be seen if you follow this link: www.whitehouse.gov/share/protecting-homeownership
Then, on Wednesday, August 7th, he sat down with Zillow CEO, Spencer Rascoff, to answer questions submitted via social media outlets.
The President said that the plunge in home prices … (0 comments)

 
Denise Lones, CSP, MIRM, CDEI - Real Estate Coaching & Branding (The Lones Group, Inc.)

Denise Lones

CSP, MIRM, CDEI - Real Estate Coaching & Branding

Bellingham, WA

More about me…

The Lones Group, Inc.

Address: 2200 Cornwall Ave., Bellingham, WA, 98225

Office: (360) 527-8904

Join Denise Lones each week as she looks at the world of real estate and the world at large from customer service to the importance of listing presentations in a one-on-one style. Denise has more than 20 years of experience as a successful agent, broker, trainer and coach. Denise is someone in the know when it comes to real estate.



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