I’ve been reading a tremendous amount recently on the subject of building and it’s impact on local real estate markets. Over the past several weeks, at every opportunity both privately and out on the town, I have talked with people who are involved in the supply side of housing: builders, contractors, and suppliers (big box…
Author: S-Crow
"S-Crow" (Tim Kane) is co-owner (with spouse Lynlee, LPO-Designated escrow Officer) of Legacy Escrow Service, Inc., an authentic independent escrow firm closing residential purchase/sale and refinance transactions.
WAMU to cut 140 at Lynnwood Loan Centers
The Everett Herald reports that Washington Mutual is cutting 140 processing jobs in Lynnwood (Home Loan Center I presume). Evidently the majority are in processing and the company expects to move some of the operation overseas. “More reductions are possible,” said Tim McGarry, vice president of corporate public relations. “It is true that there may…
The Mother of all Weekend News
Refinancing & Purchasing may have just become a bit tougher In my opinion, of all the pieces written on the market, this one by syndicated columnist Ken Harney has the potential to really put the hammer down on mortgage qualifying under no-doc, low-doc or ‘stated-income’ loan products (‘oft referred to as liar loans). The impact…
How people do it
Meshugy presents good facts on recent sales. Other bloggers have asked me about financing statistics. Let’s take some of Meshugy’s recent sales and find out how people are financing the home purchases. This will shed light on the fuel that drives this market. Money. My opinion is that if people did have a significant down…
11pm News: Fiscal responsibility is waning
It’s 11pm. After my spouse wrote a piece over at Rain City Guide earlier this evening, I decided to write about something on my mind here at Seattle Bubble. The blame rests on me I’ve made some stupid financial decisions in my life. I blame me. And, my ignorance in financial matters.When I do filing…