modification: JP Morgan Chase (Washington Mutual) Stops Foreclosures for 90 Days - 11/03/08 01:58 PM
JP Morgan Chase, the bank that took over Washington Mutual (WaMu) recently, had announced that it will halt foreclosures for the next 90 days, according to an article in the San Diego Mail today. During this period, the bank will attempt to re-negotiate loans with delinquent borrowers. Since WaMu was big into the "option ARM" program, this is exceptionally good news for WaMu customers. The "option ARM," also known as the "pay option ARM," is a potential negative amortization product that was used extensively through the WaMu retail outlets.
The main difficulty with the "option ARM" is that the loan program had … (41 comments)

modification: When there is blood in the water, sharks will circle - 09/24/08 09:14 AM
I cannot be more succinct about what is happening than my title. We are in a very strange time in the real estate industry and there are sharks out there trying to make money out of other peoples misery. I personally find this attitude repugnant. Let me give you an example, there are credit counseling companies that are non profit and don't charge their clients for getting them a lower interest rate on their credit cards. Then there are for profit companies that perform the same service and charge more than enough for doing the same thing. OK, I know that doesn't … (34 comments)

 
Fred Chamberlin, Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant (Guild Mortgage Co - Oak Harbor WA)

Fred Chamberlin

Oak Harbor/Whidbeynulls, #1 Experienced FHA...

Oak Harbor, WA

More about me…

Guild Mortgage Co - Oak Harbor WA

Address: 32785 State Route 20, Suite 5, oak Harbor, wa, 98277

Office: (360) 675-6106

Mobile: (541) 221-3455

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