Annapolis Maryland - High Quality Mortgage Advice

It was really an amazing day that saw one of the biggest single day rate drops i have witnessed in a long, long time. At the very end of the day investors issued a change for the worse but regardless, it was a breakthrough day.   I am currently hearing two schools of thought regarding the short t...

  As I sit in the office tonight wondering if any other mortgage banker is still working at 5:30 on a Friday night the phone rings. A pleasant lady on the other end says "hello, I am calling for Lewis". I said this was me. She told me she was referred to my company by her good friends but she wen...

Listen up people ----   I am having a gas problem.....   I have been using a local propane company for the last several years. I have always noticed a quarterly propane bill that seemed very high but never paid much attention. Lately, I like most of you, have been scrutinizing all outgoing expens...

  America - Land of Foreign opportunity ? --    A large Korean bank is very close to gobbling up a huge percent of Lehman Brothers. China is dumping Fannie/ Freddie shares in favor of US Treasuries. Oh yes - there is gold in American financial landscapes if you have the bucks to play and foreign ...

Whatever happened to Baseball? In these days of stress and uncertainty it is always a pleasure when you have the opportunity to take your mind off the craziness for a bit. There is a new book out that will bring back memories of your childhood and have you grining from ear to ear. If you played y...

I think it is inevitable. How rates have been maintaining the level they have been hovering at the past few weeks I have no clue. I guess the mortgage backed securities market is just in a wait and see mode. Fannie and Freddie today reported large profits on recent loans. But it is coming. A rate...

   If you haven't heard yet, Carteret Mortgage announced they are closing their doors. Of all the net branch organizations, this was the one I respected the most. Trust me - I was a net branch for four years. The founder of the company said they simply ran out of money. I believe the net branch m...

     I am now eligible for a new phone from AT & T. Man, I think I have been with them ( Cingular, Cell One etc..) since the time I had a bag phone. I am a cell phone junkie. My wife and three kids all have phones on my plan so I become eligible for an upgrade quite often and take them up on it q...

  The calls are now coming in the office with greater frequency. "Mr. Mortgage guy, I am in an Option Arm and now I owe more than my house is worth". The helplessness in the voices on the phone I hear are sickening. This is a part of the mortgage crisis that wasn't going to happen. You see, thes...

The financial markets remain in turmoil. Lehman, Merrill, Wachovia chatter regarding solvency for these giants is a strong as ever. National City appears to be on life support. Fannie and Freddie values have plunged and have a lifeline connected to the Federal Reserve. Investors have changed the...