John Balladares's (jballadares) Blog

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Mortgage and Lending - Peoples Bank

ARCHIVED BLOG POSTS

2009 

Many analysts feel that the pace of short sales is likely to increase, especially given market conditions and the opinion that short sales are an alternative to foreclosure that can benefit the borrower and the lender. The lender sees potentially lower losses on the loan, and the borrower avoids ...
12/21/2009
Radian  Highlights •·         95% up to $417,000 on SFR, Attached Condos, and Attached PUDs •·         90% High Balance ($729,750) on Purchase , Rate and Term,  Primary residence,  SFR ONLY  NO CONDOs •·         720 fico score •·         41% max ratio •·         Second Homes to 90% LTV, $417,000 ...
12/21/2009
In response to the well publicized difficulties consumers have experienced in the mortgage market in recent years, Congress, the Federal Reserve Board, Fannie Mae, and Freddie Mac recently implemented new legislation and regulations with the intention of helping and protecting consumers. HVCC - T...
12/21/2009
November 3, 2009 - After two weeks of delay, the Senate last night cleared the way to pass a seven month extension and expansion of the tax creditfor homebuyers. By an 85 to 2 roll call vote, the Senate voted to cut off debate on a package of measures that includes the homebuyer credit, making it...
12/21/2009
  DEFINITIONS: Foreclosure An owners right to their property is terminated, usually by default. Property is purchased back by bank or   public auction (sheriffs sale). Proceeds of public auction applied to   mortgage debt. Most states will zero out deficiency balance.   Deed in Lieu An owner avo...
12/21/2009
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