houston mortgage: Fed Tapering QE & Mortgage Rates - 12/18/13 07:18 AM
Houston, TX: The Federal Reserve announced today that it will begin to taper its bond-buying program known as Quantitative Easing (QE). This is the result of our nation’s strength in recovery but bad news for consumers who are certain to see mortgage rates increase. The speculation that the Fed would taper in September 2013 led interest rates to rise by more than a full point over the summer.
The tapering of QE, along with several new mortgage industry regulations (i.e. QM) taking place in January 2014 will negatively impact the borrower attempting to qualify for mortgage financing beginning this new … (9 comments)

houston mortgage: Government Shut Down & Impact on your Home Purchase Closings - 10/01/13 05:31 AM
As many of you are already aware Congress was not able to come to a resolution by the midnight Eastern Time deadline to avoid a partial shutdown of the federal government.  As a result, this comes with some impacts to all lending institutions, including Fairway Independent Mortgage Corp (Fairway Mortgage).   Some government agencies have not yet issued specific guidance. We are speculating on some of the likely outcomes based on industry sources and past experiences in 2011 and 2012 where shutdowns were threatened. 
With that said, here is the impact (summary) on the recent Government shut down on your client's new … (8 comments)

houston mortgage: Big Change in Appraisal Standards: The MLS and the Real Estate Agent! - 08/31/11 02:32 PM
Big Changes in Appraisal Standards Begin Sept 1 2011:
Appraisals continue to be a challenge in many real estate transactions. If you live in Texas and have ever had value come in low, then you know how frustrating it can be to look at the comparable sales and try to make sense of how the Certified Appraiser came up with that value.
Underwriters and Lending Investors throughout the country struggle to make sense of the Appraiser’s commentary and adjustments on appraisals as  well.
In an attempt to provide consistency and accuracy to the appraisal process, Fanniemae and Freddiemac have implemented the UMDP (Uniform … (1 comments)

houston mortgage: Who's Your Browser? - 08/02/11 04:04 AM
According to the "psychometric consultancy' outfit AptiQuant, users of Internet Explorer have a lower than average IQ.
Based on what? Who really believes this stuff?

AptiQuant sent online IQ tests to more than 100,000 people and, based on the responses it got, came to the fascinating conclusion that users of the Internet Explorer browser are likely to have a lower than average IQ.
Those that use Firefox had the highest IQ and Chrome and Safari fell in between. The study supposedly had the same results when it was administered five years ago!
On its website AptiQuant say it "provides … (4 comments)

houston mortgage: Home Affordablility - 07/08/11 09:31 AM
Well informed home buyers in Houston and throughout the State of Texas understand that the time to buy is now! Houston home buyers are more informed than ever before as a result of their Trusted Advisors (Preferred Lender and Realtor®) sharing great information and content to educate and assist them in making the best overall decision for their home purchase.
On June 30, 2011, The National Association of Realtors Housing Affordability Index (HAI) was released. The NATIONAL ASSOCIATION OF REALTORS® (NAR®) affordability index measures whether or not a typical family could qualify for a mortgage loan on a typical home. … (0 comments)

houston mortgage: Wait vs Rate - The Great Debate! - 06/21/11 05:27 AM
Have you noticed your clients "sitting on a pole" waiting for the tide to go out?  Sure - the correct statement would be "sitting on the fence" waiting for prices to continue to fall? Houston area Realtors representing buyers in the Houston Texas housing market are well aware of the effects that waiting to purchase will have on the housing recovery throughout Texas.
But - the real question is whether home buyers understand the "true cost" of money and how waiting to purchase a home will negatively impact their overall "wealth position" in the long run as interest rates increase?  
(2 comments)

houston mortgage: Go For No! - 06/14/11 08:51 AM
Are the words NO and NEXT a part of your life in sales?
I recently had the opportunity to read the book Go for No by Richard Fenton and Andrea Waltz. It is a must read for everyone. The book was sent as a gift to everyone at Fairway Independent Mortgage Corp by our CEO and Founder Steve Jacobson who believes in the powerful principle of "giving back"!
My "take aways" -
Go for No is a quick and easy read (only 74 pages) on taking you to your success level in life and in business.  This (sales, motivation, empowerment, etc.) … (4 comments)

houston mortgage: Win Friends - Influence People - 06/08/11 03:06 AM
It is said that he who has the most friends wins! It is also said that when you “win” friends you influence people!
The Power of Social Networking is undeniable and a “force” that is to be reckoned with. Are you still fighting the social media way of communication or have you embraced it? There are many platforms of social media and the biggest of course is Facebook.
How influential are you with Social Networking? Who are your “friends”? Who are you “linked-in” to? Who are you “tweeting”? Who are you following? Who are you listening to? Who is listening … (3 comments)

houston mortgage: NCAA Final Four - Houston Texas - 03/29/11 07:38 AM
Fairway Mortgage (Houston) is excited to announce the Crown Jewel of "March Madness" - the 2010-2011 NCAA Division I men's basketball Final Four Tournament to take place this weekend in the great City of Houston, Texas.
The 2011 NCAA Men's Division I Basketball Tournament is a single-elimination tournament involving 68 teams to determine the national champion of the 2010-11 NCAA Division I men's basketball season. The 73rd edition of the NCAA Tournament began on March 15, 2011, and will conclude with the championship game on April 4 at Reliant Stadium in Houston, Texas. This tournament marked the introduction of the "First … (0 comments)

houston mortgage: Good News - The Economy is Improving! - 01/11/11 03:54 AM
HOUSTON, TX: Good news - The economy is improving!  Even though last Friday's Jobs Report didn't meet the lofty expectations created by ADP, the prior month's readings did show more job growth than previously reported, and the trend is clearly improving.  How does the Labor Department derive the headline job numbers? Through the use of what is called the "Birth/Death model" of estimating.  The Birth/Death ratio comes from the Bureau of Labor Statistics, by their practice of physically calling businesses and tracking how many jobs they have added or removed, and then making some estimations or assumptions based on past trends...and … (0 comments)

 
James Ward, Certified Residential Mortgage Specialist Houston  (Fairway Independent Mortgage Corp (Houston))

James Ward

Certified Residential Mortgage Specialist Houston

Houston, TX

More about me…

Fairway Independent Mortgage Corp (Houston)

Address: 3311 Richmond Avenue, Suite 329, Houston, TX, 77098

Office: (713) 528-0333

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