Michael Schindler's (moneystuff) Blog

Mortgage and Lending - Your IRA guy!



Great location townhome...seller is retiring and moving north so quick occupancy is available! You have the opportunity to assume this home's mortgage which can save you not only thousands of dollars in costs, but you can buy this home without a down payment!.... 2 bedroom/1.75 bath with finished...
With about 70% of mortgages currently going through FHA, what will happen in a couple of years (or even now) for mortgage lenders when it's time to sell these homes?  Realtors-listen up, if you are doing your homework, this is an opportunity to make your listings stand out for you! Here's a thoug...
Just an fyi...... I just received a letter on one of my rentals about my ARM adjusting 10/01/08 and it is going DOWN 2%!!! The index's have come back down (our thanks again to Alan Greenspan for jacking them up in the first place)! So, if you have an ARM, the sky isn't falling like it was, say a ...
In our ongoing effort to meet the needs of our customers, Countrywide will waive prepayment penalties (PPP) to facilitate the refinance of all Countrywide-owned Pay Option ARMs. Note: Countrywide Home Loans or Countrywide Bank, FSB must be the current holder of the subject loan. If the customer's...
  The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks. This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the r...
This isn't just the mortgage division, that was shut down a while ago, this is the whole bank  :-( Here's a bit of the news feed......... Rescue falters; feds seize WaMu By Charley Blaine and Elizabeth Strott (posted on msn.com) Stocks are likely to open sharply lower Friday after a deal to rescu...
  In our quest to continue to provide excellence to you, please find below the key points of the First Time Homebuyer Tax Credit that became law through the H.R. 3221 Housing and Economic Recovery Act of 2008.   Please feel free to contact me should you have further questions.    If this informat...
This is directly from GMAC's website....... Press releases GMAC Financial Services and ResCap Announce Further Streamlining of Mortgage Operation Strategic origination channels remain open; commitment to servicing customers unchanged FORT WASHINGTON, Pa. (Sept. 3, 2008) -- GMAC Financial Services...


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