karen cooper: Change is GOOD! And Change is Here for This Oregon/California Mortgage Consultant - 03/31/09 09:20 AM
With the many changes in the mortgage industry over the past 18 months, I have been pondering the necessary adjustments needed to stay up-to-date with the many underwriting and program guidelines a loan professional needs to be aware of to effectively serve their clients. I have been exploring working for national and community banks, obtaining FHA approval for my mortgage company, becoming an affiliate branch for a mortgage banker, or just simplifying things in my work life and becoming a loan officer for someone else's company while letting someone else deal with the nuts and bolts of operating a mortgage company … (2 comments)

karen cooper: Speechless Sunday - Most Northwestern Point of the Lower 48, Cape Flattery - 03/29/09 11:41 AM
Karen Cooper - Mortgage Consultant - www.Quality4Loans.com Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you.

karen cooper: Ready Set GO! Making Home Affordable Programs Readying for April 4th Release - 03/19/09 03:14 AM
We've been hearing a lot about the Making Home Affordable initiatives, and have been anticipating the release of all the details for the Refinance and Modification programs. The website is up and running today, so many of our answers should be provided. If you are struggling on making your payments, whether you've fallen behind on your mortgage or not, go to www.makinghomeaffordable.gov and see if these programs might be the options you need.
If you already applied for a refinance or modification and were turned down by your lender, TRY AGAIN! I have a list of clients who have contacted me … (2 comments)

karen cooper: Where Do We Go From Here If We Can’t Buy A Home Now? - 03/18/09 05:00 PM
As exciting as it has been to see so many first time home buyers join the ranks of those who have come before them to fulfill their American Dream of Homeownership, sometimes buying a home is not necessarily the right move. Does this mean renters are second class citizens?...Losers vs. winners?...Less smart than homeowners are? Of course not!

When should someone consider renting instead of buying?
When job security is in question because hours are being cut back or layoffs are taking place at your company When your savings has less than 3-4 months in reserves in the … (6 comments)

karen cooper: Who Says The Southern Oregon Real Estate Market Is Slow?!?! Buyers are Springing Forward Here! - 03/18/09 12:03 PM
There are many reports out there about how slow some real estate markets are, but it sure doesn't seem that way here in Southern Oregon! Some of the things I'm hearing from buyers this week are:
"Darn - there ended up being 4 offers on the home I wanted. We're back to the drawing board again."
"I thought this loan process was going to be so hard, but I can't believe how smooth it has gone. I didn't expect to be approved for my loan this easily, or for this much."
"We're still waiting to hear back from the seller on … (0 comments)

karen cooper: Oregon Bond Loans Temporarily on Hold in 2009 Until Further Funding Is Acquired - 03/18/09 06:08 AM
We've been receiving warnings that the Oregon Bond Loan funds were running out, with insufficient interest by investors to purchase the bonds that fund this program. The time has come - funds are gone! Until more bonds have been sold to re-fund the Oregon Bond Loan, first time home buyers in Oregon will not have this tool available to them. This only effects those buyers who have not already reserved their Oregon Bond Loan funds.
In the meantime, there are still some great "market rate" programs available, like the USDA Guaranteed Rural Housing program for buyers with no down payment looking … (10 comments)

karen cooper: Spring is Here, But Is The Bottom Here For the Real Estate Market In Southern Oregon? - 03/16/09 11:03 AM
Looking outside on this rainy, winter day here in Ashland, Oregon, you wouldn't think that spring is so close. But, one of our first signs of spring here in the Rogue Valley are the daffodils. Not only is spring right around the corner, but it seems that the buyers here in Southern Oregon are not waiting for spring to get out there a buy a home!
I am working with four first time home buyers who have all been diligent about getting fully credit approved for their financing, and have hit the streets with their agents trying to find a home. … (2 comments)

karen cooper: What Does One Do In Southern Oregon When The Economy Is Slow? - 03/11/09 05:16 PM
I learned today that there are some people with great talent who due to being retired and/or unemployed have found a way to serve a growing need in the Rogue Valley.
ACCESS, Inc. is our local non-profit community action agency, and their Southern Oregon Housing Resource Center is the HUD approved counselor for seniors seeking reverse mortgages and for homeowners in need of foreclosure counseling, as well as the administrator of local down payment assistance programs and the "ABC's of Homebuying" class for first time home buyers. With the huge increase in demand for these services, ACCESS had to … (7 comments)

karen cooper: Positively Great News For Rogue Valley Families In Need! - 03/11/09 04:53 PM
I heard some great news today about a local non-profit that is benefiting from our current economy. Tablerock Fellowship in Medford Oregon has been working on expanding the capacity of their Food Pantry to meet the community's growing needs. The number of people being served has jumped from 600 to over 2,200 per month in only a few months.
This non-denominational Christian church that is attended by 2,500 Rogue Valley people (and growing rapidly) has a lot of talent in its congregation. Many of these folks have construction skills, and are stepping in to help with the construction of a new … (4 comments)

karen cooper: Southern Oregon Social Networking Addicts – Want To Meet Your Peers? - 03/10/09 08:28 AM
Here in Southern Oregon, social networking is taking hold. From Active Rain to Facebook to Twitter, more and more people are discovering the benefits and enjoyment to be found in social networking. What about the personal contact, though? I'm hearing about peer groups meeting around the US to keep the personal contact in the equation.
So, fellow Southern Oregon Active Rainers, want to meet each other in person once a month? How about Southern Oregons on Facebook? Or Twitterers located here in Southern Oregon, how about you? A couple of my favorite Twitterers, @inProgress and @inWorship have tweeted me about this … (0 comments)

karen cooper: Have You Been To Camelot Theatre In Talent Oregon? - 03/09/09 03:40 PM
One of the things my husband and I used to do a lot before the wee babe (now bigger than their one grandmother, and headed to overtake the other in height soon) came along changing our entertainment choices from small theater dramatic performances to Disney movies and the Circus. Here we are discussing possible career choices and their associated schooling, and we realized "Woohoo! No more Kidz Bop in the car...no more Disney movies." We can go to First Friday Art Walk in Ashland and Third Friday Art Walk in Medford. We can go to the theater. And we can do … (6 comments)

karen cooper: Oregon Seeing The Light At The End Of The Tunnel In This Economy? - 03/06/09 05:27 AM
At the Rotary Club of Ashland's weekly meeting, the speaker who packed the house was Tom Potiowsky, Oregon State Economist. The news Mr. Potiowsky relayed was not much of a surprise to anyone - we all know our local economy like our local real estate market has been a bit bleak. Although Southern Oregon was slower to arrive at the Housing Boom party, we did eventually find ourselves there, and we have been paying the price for our exuberance.
But, Mr. Potiowsky says there are indications that 2nd or 3rd quarter 2009 may be the "technical" bottom for the recession we … (9 comments)

karen cooper: Is The $8,000 Tax Credit Approved Government Down Payment Assistance? - 03/05/09 04:07 PM
There are a TON of changes coming  through the latest stimulus packages. I think eligible buyers just were given a Government Funded Down Payment Assistance Program with this $8,000 tax credit if it is funded through the Mortgage Revenue Bond programs in the individual States, like Oregon Bond Loan for us. The other Purchase Assistance Loan, Down Payment Assistance Programs, Seller Funded Down Payment Assistance programs have all gone by the wayside, now here comes Uncle Sam with their own version?
As is the case with all these other programs, the $8,000 tax credit will only be good through December 1, 2009, … (7 comments)

karen cooper: Going, Going, Gone Soon - Oregon Bond Loan Funds Almost Depleted - 03/05/09 03:51 PM
Notice has gone out that based on current demand levels, the Oregon Bond Loan will likely be out of funds sometime in April 2009. Due to the upheaval in the bond market, there is no set time frame for when this program will be re-funded, as the sale of the mortgage revenue bonds that provide this funding have not been doing any better than the sale of bonds funding "market rate" mortgages. So, although first time home buyers in Oreogon received a blessing with the $8,000 tax credit, a tool is being taken away from our chest right behind it.
There … (0 comments)

karen cooper: Rotary Club Of Ashland Oregon Holding Wine Raffle - 03/05/09 03:12 PM
It's that time of year again! The Rotary Club of Ashland Oregon is holding its annual Wine Raffle Fundraiser. Want to enjoy a truckload of wine? Southern Oregon Wines as well as many others? The members of the Rotary Club of Ashland Oregon each donate two bottles of wine (that's usually over 250 bottles, folks!), and there are some exquisite tasting wines included. I'm probably going to bring a couple of bottles of Agate Ridge Vineyard's award winning Petit Syrah to go with the Roxy Ann wines that are liekly to be in the truck. If you twist my arm, I … (0 comments)

karen cooper: Lithia Springs Resort Holds Their 1st First Friday Event - 03/05/09 02:41 PM
Lithia Springs Resort in Ashland Oregon is having their first Ashland "First Friday" event this Friday.
Southern Oregon Concierge Event! - Free Admission - No host bar
Artist:                       Rex Holt - Music by Incognito - Rogue Opera Display
Food & Beverages:                Long Sword Vineyard - Wallaby White Walk About Brewery -
Event Grill BBQ & Rogue Coffee Roasters
Healers:          Marie-Hunter Ripper Indian Practitioner, Robert Levin, Chair Massage,
Julia Marie Burns- Moving Aura Photography, Rex Holt-Certified Advanced Rolfer
Gigi & Lynn Psychic Counseling - Light of Ashland Spa Health & Beauty Products-Joy Hiler Arbonne
Come on out and … (2 comments)

karen cooper: REAL Help for Struggling Homeowners On The Horizon? - 03/04/09 11:22 AM
Although the Making Home Affordable Program is to be made available to struggling homeowners today, and official announcement went out today from the Federal Housing Finance Agency, the banks and mortgage companies have not yet figured out the details of the Home Affordable Modification or Home Affordable Refinance programs. A call made to Countrywide Home Loans today to inquire about Note Modification through the "Making Home Affordable" program resulted in being directed to call back at the end of March. I hope they get on this soon, as some of the people I've been talking to have been teetering on the … (2 comments)

karen cooper: Want some of That $8,000 Credit On your 2008 Income Tax Refund Southern Oregon 1st Time Home Buyers? - 02/25/09 04:05 PM
If you qualified for the tax credit as approved in the American Recovery and Reinvestment Act of 2009 - i.e. you are a first time homebuyer (haven't owned a home in the past 3 years), your income does not exceed $75,000 for a single filer or $150,000 for a joint filer, and you purchase a home before December 1, 2009 you will be eligible to a tax credit of up to $8,000 or 10% of your purchase price, whichever is less.
So, first time home buyers who have not yet filed their 2008 federal income tax return and your escrow for … (3 comments)

karen cooper: Fannie Mae & Freddie Mac Up The Ante For Jackson County Oregon - 02/23/09 07:02 AM
In this game of a mortgage industry we seem to be playing, a change in "da rules" was announced today by the Federal Housing Finance Agency. Jackson County Oregon is deemed to be a "high cost area", and so has had the loan limit raised back to what it was just last year...$422,500. Translated in to laymen's terms? You may be a "saleable loan" to Fannie Mae and Freddie Mac, paying Agency High Balance pricing versus Non-Conforming pricing if your home loan in Southern Oregon/Jackson County is between $417,001 and $422,500 on your single family residence. Below $417,000, you have a … (0 comments)

karen cooper: Here Today, Gone On Friday? How Is YOUR Bank Doing? - 02/21/09 10:20 AM
There's a lot of talk these days about the nationalization of U.S. banks, how good credit unions may be a safer place to park our money these days, and the "Texas Ratio" which calculates the likelihood of a bank's failure. The Texas Ratio is a ratio that was developed by Gerald Cassidy and many other analysts now at RBC Capital Markets that they formulated during the Texas Savings and Loan crises back in the early 1990s. It takes a bank's non-performing assets and loans which include loans that are delinquent for more than 90 days, then divides this number by the … (2 comments)

Karen Cooper, Helping Homeowners w/Home Loans in 23 US States (Karen Cooper | Sr Retail Loan Originator ! NMLS # 223305 |    360 Mortgage Group LLC  Austin Texas) Rainmaker large

Karen Cooper

Helping Homeowners w/Home Loans in 23 US States

Leander, TX

More about me…

Karen Cooper | Sr Retail Loan Originator ! NMLS # 223305 | 360 Mortgage Group LLC Austin Texas

Address: 11305 Four Points Drive #1-200, Austin, TX, 78726

Office: (512) 418-6025

Email Me

Loving the challenge of a career in mortgage|real estate since 1983, keeping up with the progression of changes in this industry keeps one on their toes. What doesn't kill us makes us stronger, right? Here's to a few more decades of strength building!




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