George Souto - FHA, CHFA, VA, USDA, & Fannie Mae Home Mortgage Loans, Connecticut

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Mortgage and Lending - George Souto NMLS #65149 FHA, CHFA, VA Mortgages - NMLS #65149

ARCHIVED BLOG POSTS

2012 

Have Borrowers Found A New Way To Get Out Of Their Mortgage Commitments?  Borrowers who are in default on their mortgages, seem to think that they have found a loophole in Lending guidelines that could allow them to cancel their obligation to make their mortgage payments.  I say loophole because ...
03/31/2012
We have the first McCue Mortgage First Of The Month Club Winner.  His name is Joseph Landry of Windham, CT, and he will not have to pay his month mortgage payment of $1,357 for the month of April. All Joe did to win was just to pay his mortgage before or on the "First Of The Month Club".  In fact...
03/30/2012
A recent survey by Campbell Surveys and Inside Mortgage Finance showed that about 60% of the business that Mortgage Lenders receive come from Realtor referrals.  While that may seem like a high percentage, I would actually say that it is higher than that. Realtors continue to be the first contact...
03/29/2012
  I normally do not blog about these types of events but boy this one brings back memories from my childhood years.  I can't even begin to count the hours that I spent listening to the Beach Boys, and now they will be invading Connecticut on May 12th at the Mohegan Sun Arena. I don't like going ...
03/28/2012
MReport.com posted an article yesterday which stated that "Half of Americans Believe Lenders Control Credit Scores".  This is amazing that the lack of personal responsibility has reached to this extent. So I guess that now Lender are responsible for people maxing out their credit cards, and not p...
03/27/2012
You might have heard of a term CAVERS, but not really understand what it is or even what it stands for.  CAVERS stands for "Credit Alert Interactive Voice Response System", and it a system that Lenders run a Borrower through before processing a FHA Loan. The purpose of CAVERS is to indicate if a ...
03/25/2012
The Elimination Of Huge Bonuses For Fannie Mae & Freddie Mac Executives Moved A Step Closer this week, when a bill aimed at doing that passed the Senate.  The effort to eliminating the ability for Fannie Mae and Freddie Mac to award huge bonuses to their top executives, has been a long one, but t...
03/24/2012
What a difference a week makes.  I posted a picture of the front of my house last week, and was surprised how early the flowers were blooming.  Even though they were blooming for this time of the year the daffodils were just beginning to bud as you can see in this picture.   I took this pictures ...
03/23/2012
The National Association of Realtors, came out with a report on Wednesday stating that home prices were up, but sales were down from January to February.  I was surprised to hear that, because I have been seeing the exact opposite for both areas. The number of loans that I have been doing since O...
03/22/2012
To night was the 2nd Annual Pizza Madness event at the Wallingford’s Villa Capri Restaurant  I believe that 11 pizza restaurants were there, and me with my appetite.  But I was not the only ActiveRainer that was in the mode for some great pizza.  Pizza experts Pat and Wayne Harriman were there as...
03/21/2012
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