mortgage rates: Great Sunny Morning in Virginia
- 02/10/10 11:51 PM
It's a Great sunny morning in Virginia, just can not believe we just had 9 inches of snow and mother nature is blessing us with her sunshine. So let that enough about mother nature for the time being, Its time to get moving on all of your buyers because the Tax Credit is running out soon. Call me if you need any help on your FHA, USDA, Sub-prime FHA, conventional or Jumbo needs. Rates are still great for the time being so get your customers back on the streets looking for their dream home. Remember we also are doing the 203k … (0 comments)
mortgage rates: Where is my SNOW THROWER
- 02/06/10 12:00 AM
Man o Man, Had a bad dream last night that I sold my Snow Thrower! My my dream came true because I sold mine 30 days ago after the X-mas snow fall because I never thought we would get another 2 foot of snow. Well, looked out this morning and we are currently at 2 foot of snow and expected to get another one foot by the end of the day.
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mortgage rates: IT’S OFFICIAL, FEBRUARY 15TH!!
- 02/03/10 02:31 AM
IT'S OFFICIAL, FEBRUARY 15TH!! Then How long will it take to get your appraisals and to close your loans? As we all know, FHA appraisals for loans with case #s pulled after February 15th, 2010 will have to go through the ‘Appraisal Independence' format. Many lenders are using appraisal management companies who's turn times will drastically slow even further when it already takes forever to get a conventional HVCC from them! … (0 comments)
mortgage rates: Lender going after Consumers after Foreclose or Short Sale for the outstanding Balance
- 02/01/10 02:09 AM
Be careful when you short sale or have a foreclosure because Lenders are increasingly seeking to collect unpaid mortgage balances through deficiency judgments against borrowers who foreclosed or secured short sales. The FDIC reports a 48 percent surge in mortgage recoveries to a record $1.01 billion and a nearly twofold increase in home-equity loan recoveries to $392 million between January 2009 and September 2009 from a year earlier. Real estate attorneys are saying the main targets for deficiency judgments are borrowers who were current on their payments but abandoned the home because their loans were underwater. So be careful before you buy … (0 comments)
mortgage rates: Will the Government STOP buying MBS?
- 01/31/10 10:22 PM
What do you think? Will the government stop buying the MBS, I don't think so, at this point the would be jumping from the pan to the fire! Rates would go UP and the market would cool and we would only go backwards at this point. They may slow the buying but I just don't think they would stop. Stay tuned for more updates...
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mortgage rates: Tax Credit is Running Out only 100 days left!!
- 01/18/10 11:28 PM
With the First Time Home Buyer tax credit being extended and expanded to include move-up buyers, prospective home purchasers now have an unprecedented opportunity right now... Home prices are down significantly in most of the area of Virginia over the past 36 months. Rate are at historic lows. Never before could purchaser purchase homes at such affordable rates as we have seen in the past 12 months The government is literally subsidizing the purchase with a credit up to $6,500 for move-up buyers and up to $8,000 for first-time buyers. Put these facts together and this means housing is the most affordable it … (1 comments)
It's a Great sunny morning in Virginia, just can not believe we just had 9 inches of snow and mother nature is blessing us with her sunshine.
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