By Jillayne Schlicke on September 21, 2009
Note from The Tim: Jillayne Schlicke has been a valued member of the Seattle Bubble community for quite some time, and I’m happy to welcome her as a guest poster. Jillayne has many years experience in the lending industry and offers some great insights. She currently provides continuing education for real estate professionals [...]
Posted in Features | Tagged defaults, FHA, Financing, foreclosures, lending
By The Tim on July 2, 2009
Astute readers have no doubt have learned by now of yesterday’s announcement by HUD Secretary Shaun Donovan that the federal government’s “Making Home Affordable” plan will now allow mortgages owned or guaranteed by Fannie Mae and Freddie Mac to be refinanced with loan-to-value ratios of up to 125%.
I won’t go into all the details of [...]
Posted in Features | Tagged Fannie, Financing, Freddie, mortgages, refinancing
By The Tim on June 12, 2009
Here’s a brief quote from a post that appeared here in 2006 titled The Monthly Payment Buyer:
In my opinion, it’s no wonder that home prices have gotten so out of whack with true fundamentals, when the first question someone asks in the home buying process is not “Is this house worth $XXX,000?” but rather “Can [...]
Posted in Features | Tagged Financing, homebuying, Interest Rates, monthly-payment
By The Tim on May 28, 2009
There’s been a lot of chatter since yesterday afternoon about treasury rates, mortgage rates, the yield curve, and so forth—and for good reason. Here’s a good write-up from Mish’s Global Economic Trend Analysis on what’s going on: Mortgage Market Locks Up
Yesterday 10 year treasury yields went soaring and the mortgage market literally seized up. [...]
Posted in News | Tagged Economy, Financing, Interest Rates, Mortgatges, treasury, yield curve
By The Tim on November 10, 2008
As astute market observers may recall, back in March (pre-complete-government-takeover) the conforming loan limit for Fannie Mae and Freddie Mac-backed loans was bumped from $417,000 to $567,500 for the Seattle area (King, Pierce, and Snohomish counties). At that time, the local press was touting the new limits at “a big dose of first aid” [...]
Posted in News | Tagged Fannie, Financing, Freddie, jumbo, lending, mortgages
By The Tim on August 25, 2008
Interesting story from Kirsten Grind over at the Puget Sound Business Journal: Experts see more subprime-loan pain ahead
Another big wave of subprime mortgages will see interest rates reset to a much higher rate over the next six months in the Seattle area, an indication that the Puget Sound region might still be facing further economic [...]
Posted in News | Tagged Business Journal, Financing, foreclosures, Grind, subprime
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