real estate loan eugene springfield mortgage foreclosure: Economic Outlook, Consumer Confidence, Mortgage Loans, Credit - 11/06/08 07:03 PM
I just have a few random thoughts this morning about what is happening right now in our economy. First of all, the election is over and win or lose for your candidate, get over it! We are all Americans, and America needs all of our help, not just the left or the right or the center. That said, lets talk about one of the most troubling reports, at least for me, and that is Consumer Confidence. This report measures the level of confidence individual households have in the performance of our economy now and in the future. A couple of years … (70 comments)

real estate loan eugene springfield mortgage foreclosure: 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)

 
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

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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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