Credit

California’s first time home buyer and new home tax credit for 2010 that passed legislature and signed by Governor Arnold Schwarzenegger last week has raised questions, home buyers spirits and tax payers blood pressure. Low blood pressure is important to me, therefore, I will concentrate on maintaining high spirits for you potential homeowners by answering the

2010 is shaping up to be a good year.

Well, he’s hitting the road again with some pretty hard hitting talk about making the $10,000 homebuyer tax credit a reality for potentially 20,000 California home buyers.

The Pacific NW Housing Summit is an opportunity to bring together professionals from all aspects of the real estate industry with the intent to evaluate the current market conditions, forecast the coming years prospects and plan for the resurgence of the housing industry here in the Northwest. Real estate agents, mortgage lenders and originators, appraisers, title insurers, escrow officers and all related professionals share common challenges and goals.  This is an opportunity to learn and plan together while getting answers to the questions that challenge us all. This venue will provide face to face contact with regulators, policy makers, as well as leaders in our respective fields

Effective January 1, 2010, HUD is requiring loan originators provide borrowers with a Standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs and that closing agents provide borrowers with a revised HUD-1 Settlement Statement. There are three main areas of regulation and updates that mortgage brokers have to pay attention to right now in order to be prepared for 2010: GFE/RESPA – Triggers, Settlement Changes, FHA cap on origination fees… FHA Appraisal Ordering Policy – Review of Process, Expected Impact FHA Mini-Eagle/Broker Approval – Net Worth Requirements, Audits The purpose of this particular NAMB / HUD webinar was to give mortgage brokers a high level overview of the general changes that they need to be aware of. While an hour is obviously not nearly enough time to address anything in great detail, our objective is mainly to stimulate conversations and questions that NAMB officials can use in their fight for the rights of mortgage brokers.

Our economy is having trouble because it is fundamentally flawed. We all want money, but few of us ever think where money comes from. All money is created by the Federal Reserve

Our economy is having trouble because it is fundamentally flawed. We all want money, but few of us ever think where money comes from.

via: NationalMortgageProfessional.com In an Oct.

Watch the Fox 35 Video here . Andrea was one of the “doers”

Is it accomplishable to climb up from a 540 to a 640 in 3-5 months? I need to purchase a house…”
This is a question i am viewing more and more of lately and they are starting to give me a flash back to 2006. Rolling Stone has a lead songs of the year gnarlsbarkleyist [...]

Greetings to all.  This week’s update is coming live from the RE BarCamp in Miami.  Being that you are likely in the real estate industry in some fashion, I highly recommend getting to a few of the events such as these so you can learn more and more about social media and how it can help your business. Enough of the marketing junk, let’s get down to what to expect this week by first looking at last week.  There wasn’t much data and we never really got a genuine correction to take place, so expect a correction of at least a little this week, but expect also a rebound and maybe even a push to the highest mortgage bond pricing in quite some time.  One of the subtle reports from last week which may help shape this week was the Consumer Credit report which showed a huge drop, signaling the potential of a large miss in this week’s Retail Sales report.  That could be the point of the next leg higher.  Treasury Auctions all went well, keeping MBS prices from doing their corrective move last week.  So let’s get into this week, shall we