Bill Black's Mortgage News for the NW

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Mortgage and Lending - Guaranteed Rate NMLS# 2611 - NMLS# 49242
RECENT BLOG POSTS
If an FHA case # is not ontained by June 3, 2013 this could result in long term effects of your home loan which could be mortgage insurance for the life of the loan.   The following sections of Mortgage Letter 2013-4 are effective for all mortgages with FHA case numbers assigned on or after June ...
05/20/2013
  If I am current on my loan can I do a short sale? I am not behind on my mortgage payment; can I apply for a short sale?   Many people who are not behind on their mortgage and not interested in retaining thier home wonder if they can apply for a short sale, and if so will they be accepted for a ...
05/20/2013
The #1 question that comes when a person seeks assistance with a distressed property rather its a loan modfication or short sale is: "What is your HARDSHIP?" So today we will share what a bank considers as a HARDSHIP when dealing with distressed property. Here are sample types of a hardship. Lend...
05/20/2013
Do you need Real Estaste Clock Hours in Washington State? Get to know an educator- Who’s is Bill Black? Bill Black is a Licensed Mortgage Banker in Washington State and a Certified Mortgage Planner (CMP) employed with Directors Mortgage-Salmon Creek as a Senior Mortgage Specialist. Bill has been ...
05/16/2013
Vancouver, Washington home prices ARE finally improving- as we say goodbye to the 1st Quarter of 2013, we are so fortunate to see Vancouver, washington experiencing record days of sunshine AND the Real Estate market Springing into Action with record low interest rates, multiple offers, cash buye...
05/14/2013
Someone Could have made a LOT of monety today in just a couple minute..... social media can ruin things in seconds.... There was a fake tweet from an AP Twitter account that was hacked at 1:08 that sent stock prices crashing and the 10 yr not yield down to 1.64%. The tweet said a bomb exploded a...
04/23/2013
How will a slowdown effect mortgage rates in Vancouver, Washington one may ask?   Benefits of a Slow Down Right now the markets are warily eyeing a possible slowdown in the economic recovery which may effect mortgage rates in Vancouver, Washington. While we can't tell you if we are indeed in the...
04/23/2013
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Borrowers Question: Once I finish the three bathrooms under repairs will I be able to cancel mortgage insurance? This could be a MAJOR issue on FHA as it is currently five years minimum but soon to be the life of the loan- pretty sad!  But in our case it was a conventional loan on a 2nd home at 9...
03/27/2013
I never thought I would hear those two words again- "NO DOC". Back in the day, Wall Street was starving to create as many loans as possible and sell these off to hungry investors trying to chase the income producing promises that were given to them all. I knew the end was coming when Indy Mac ban...
03/27/2013
SW Washington Community Outreach Program: Workshop: Distressed Property 101- Buyers, Sellers, and Investors.  Home Owner Advocate- Education is the key to a fresh start. Every Thursday starting April 4th, 2013 from 7:00 PM-8:30 PM (Location will be sent in email- Must RSVP- No Realtors Please- wo...
03/26/2013
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Bill Black

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