Eric Reeber's (ericreeber) Blog

In the past 5 years, many consumers acquired 100% financing, Interest-Only, short term fixed rates that become ARMS and Negative Amortization loans.  These consumers are now feeling the tightness of the increasing rates on the ARM market.  Many consumers have purchased higher priced homes and att...

Consumers are fighting to refinance into a fixed rate.  Consumers are getting frustrated.  Thier mortgage payment continually increases and the value of homes are stagnant at best.  I do believe that 2007 will have many rate and term refinances due to this situation.  However, appraisers are havi...

I know in NJ, business has been abnormally slow the past couple of months.  How is it for you guys out there in the real estate world? I have been reading the national reports and most do say that the real estate market is about 30% slower than the previous year, but those previous years are kind...

Who has considered putting one of those magnetic signs on your car door.  Those who do it, I commend.  There is more chance to recognize advertisements on a car then on a 100FT billboard.  Every time you drive your car, your marketing yourself to hundreds, even thousands, of others.  While your p...

With more mortgage companies than ever competing for business, the legal term, "bait and switch" has surfaced an amazing amount of times.  I am curious to see how many realtors out there have had a client that was promised "A" in the beginning of a loan process and then given "B" either at the se...

My previous blog discussed the possible business relationship between a mortgage company and a realtor.  This blog is focusing on the actual Broker / Mortgage Company relationship.  Do you work for a real estate office that has thier own mortgage company?  Are you persuaded by management to use t...

Before I get started, this is a controversial blog.  I would like to hear from everyone about this.  How many times have real estate agents been offered a "brown bag" of money for loans closed through XYZ mortgage.  How many realtors have been offered to be placed "on-the-books" of a local mortga...

As today is the first official work day of 2007, I am looking over my 2007 goals list and getting ready to plan a strategy on how to accomplish them.   OK. Let's talk about goals.  In the past, I have put down goals on my yearly list that were very hard to attain.  This wound up discouraging me a...

Although this year wasn't as good in real estate as last year, next year has some promise.  Mortgage rates are remaining low and it looks like real estate is forecasted to pickup again.  It looks like a buyers market will stay in effect at least through the first quarter of 2007, but with the low...

I've been monitoring the economy lately.  It's a great time of year to do this!  I look at major factors that could impace the housing market.  These are: Consumer spendingDurable GoodsInflationThese are just three of many factors that contribute to the economy, but these are the three big ones! ...