In the real estate market, lending standards have tightened.?? Fewer people are able to purchase homes than could purchase them just two or three years ago.?? The money needed for a down payment has increased from 0. … More here: Can you Win in this Real Estate Market?
Continue reading...Thursday, October 9, 2008
Happy Thursday. I received the following information from a lender friend of mind. So if you are worried about not being able to get a loan read below. As always feel free to call me if you have any questions. Your ABQ Realtor Joe Brooks 505 977 3474 Home sales up 7.4 in [...]
Continue reading...Thursday, October 9, 2008
VanDyk Mortgage announced that Dr. Roland Carrillo, branch manager in Cary, has earned the Lending Integrity Seal of Approval from the National Association of Mortgage Brokers (NAMB). The new seal recognizes individuals who meet the … Continue here: Roland Carrillo of VanDyk Mortgage Earns Lending Integrity Seal of …
Continue reading...Thursday, October 9, 2008
This statue of a cowboy riding a bucking bronco harkens back to days gone by in Old Town Scottsdale. Today you’ll find ultra-luxury boutiques and Native American art stores on the same street. You can read the rules for a Moving Stills post and learn how the series came to be by reading my [...]
Continue reading...Thursday, October 9, 2008
Mortgage Glossary Posted by Dembeliya | 2:19 AM | 0 comments » Adjustable Rate Mortgage(ARM) – is a type of mortgage where the interest rate fluctuates periodically based on bank prime rates. It is also known as the variable rate mortgage. Amortization – is [...]
Continue reading...Wednesday, October 8, 2008
This is devastating news to anyone in mortgage banking, who probably thinks about retiring several times a day - even if they’re in their 20’s! Everyone seems fascinated by the stock market lately. Heck, it still has another 9000 to … More here: Citi slashes wholesale lending, Radians cuts brokers off from [...]
Continue reading...Wednesday, October 8, 2008
The Mortgage Bankers Association released its annual cost study Tuesday, which reported that mortgage companies lost an average of $560 on every loan originated in 2007, compared to the $50 per loan lost in 2006. … Read the original here: Mortgage Companies Report Major Losses, 2007 Share and Enjoy:
Continue reading...Wednesday, October 8, 2008
New build home numbers could drop below 100,000 next year, warns RICS The Government’s housing target of building two million new homes by 2016 is looking further out of reach with the downturn in the construction industry sending growth in private housing workloads to a record low, says the latest RICS [...]
Continue reading...Tuesday, October 7, 2008
Recent media reports have expressed some concerns about potential risks for the Canadian housing and mortgage markets. One of the concerns being expressed is that Canadian consumers have been “over-extending” themselves through mortgage … More: Risks are Contained Within the Canadian Mortgage Market
Continue reading...Monday, October 6, 2008
If you are 62 or older and have been considering a reverse mortgage , the FHA and HUD just approved a new national limit of $417000 for HECMs. The new limit is not set in stone yet as there are no set deadlines yet; but their target … Read the rest of the [...]
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Thursday, October 9, 2008
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