A word from The Tim: This post is from long-time Seattle Bubble participant Tim Kane (a.k.a. “S-Crow”). As co-owner of Legacy Escrow in Everett, Tim brings a unique perspective on the closing table. Timing Closing? One question that frequently comes up when meeting with clients to sign loan documents is the question of “timing.” Is…
Tag: escrow
WAMU offering 5% CD’s & other bits
Side Commentary and thoughts: Sorry I’ve been unable to post much over the summer here and at RCG. I’ve been exceptionally busy with lots of projects and family stuff. Plus, I’m freaking out that one of my kids is going to be a Freshman in high school starting in a week or so. But, I’m…
A remarkable period in time: a changed market.
I’ve got so many topics to talk about but very little time. I have to start somewhere. Just months ago it was not uncommon (understatement) to see 100% financed nothing down purchase transactions with various ARM’s tied to LIBOR or other indices coupled with hefty pre-payment penalties, interest-only hybrids with no escrow impounds for taxes…
Interest Rate update
I’m seeing via various sources that interest rates are moving up. Today I’m reading that 30 yr fixed rates are around 5.75%. The yield on 10 yr bonds has been increasing lately. Have a good day.
Ever met someone who likes to play with live grenades? Here’s somebody: Agents Who Originate Loans
This is not really new news for many of you , but the story circulating around news organizations and blogs about a buyer who has filed suit against their agent mentions a twist. Aside from the main story is the “smaller” issue that the agent evidently also arranged the buyers financing. At least that is…