By S-Crow on March 19, 2008
…is like saying there was no fraud that took place during the last few years in housing.
No loan officers falsified loan documents
There was no signature fraud
No escrow/title agents producing phantom Settlement Statements
No complicit real estate agents in the loop
No complicit Notary Public signers
No fraudulent appraisals
No cash back post closing fraud transactions
No buyers buying homes [...]
Posted in News | Tagged fraud, mortgages, short sales
By The Tim on March 7, 2008
I apologize for not making a more timely post on this subject, but it’s taken me a while to wrap my head around everything that’s really going on, and rather than spit out an uninformed piece full of quotes from equally uninformed newspaper reporters, I thought I’d do some actual research first.
So here’s what just [...]
Posted in News | Tagged Fannie, Financing, Freddie, jumbo, lending, mortgages
By S-Crow on February 14, 2008
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.
Posted in News | Tagged escrow, Interest Rates, lending, mortgages
By S-Crow on February 12, 2008
Frank Nothaft, Vice President and Chief Economist of Freddie Mac:
“In the fourth quarter of 2007, 81% of Freddie Mac-owned loans that were refinanced resulted in new mortgages with loan amounts that were at least 5% higher than the original mortgage balances, according to Freddie Mac’s quarterly refinance review. The revised share for the third [...]
Posted in News, Statistics | Tagged consumer debt, Legacy Escrow, mortgages, refinancing
By S-Crow on January 26, 2008
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 [...]
Posted in Opinion | Tagged advice, escrow, mortgages, S-Crow
By S-Crow on January 9, 2008
Quick Note: If you are thinking long in this real estate market, this is an exceptional time to consider a purchase or refinance with rates this sweet. The motivation level is rising among many selling. Contact your loan officer or me for suggestions for lending professionals (no obligation of course). [...]
Posted in News | Tagged affordability, Financing, mortgages, S-Crow
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