Gene Mundt, Chicago Mortgage Originator provides some insight into the 2018 mortgage limits. If you read the news or follow announcements made in regards to credit and finance, you may have seen the recent announcement (11/28/2017) by the Federal Housing Finance Agency (FHFA) addressing maximum conforming loan limits on one-unit properties … The Federal Housing […]
The What, Where, and Why of Conforming Loan Limits for 2018 Read More »
I feel like writing a song: “Los Angeles real estate, something’s in the air”. It has a nice ring to it. I really can’t get a handle on what is going on in the market right now. Each Los Angeles neighborhood is different and each price range is different. I do think that the craziness
Los Angeles Real Estate. Something’s in the Air? Read More »
I wrote recently about Fannie Mae’s announcement regarding the extension of the waiting period for those Buyers hoping to become Homeowners once again after having experienced a Short Sales (Pre-Foreclosures). The waiting period is now extended out to 4 years … regardless of Loan-to-Value considerations (or Down Payment percentages). Naturally, there’s been a wide range
Waiting Periods After Short Sale, Foreclosure, Bankruptcy Read More »
To Jumbo or not to Jumbo, that is the question. Many of my Chicagoland referral partners have been reporting that their higher-end housing markets are seeing healthier sales this Spring. Finally! Our local housing markets are healing! All very good news. Paired along with that is even more good news. Lending options are once again appearing for high-end real estate
Should you take out a Jumbo Loan or is there an Alternative? Read More »
I liken Interest Rates to onions in more than a couple of ways. Much like onions, Interest Rates have “layers”. In today’s mortgage financing, a Mortgage Lender must weigh all the facts, then peel away “layers” of information and data to find and reveal the answers to your Interest Rate questions. And right now with Interest Rates being at historic lows (but rising
The Not so Simple Task of Quoting Interest Rates Read More »
Many recent indicators I’ve seen, heard, and experienced seem to point to more positives regarding the conducting of Short Sale property transactions. They’re fitting the pieces of the Short Sale puzzle together a bit faster and better. Major servicers (big banks) finally seem a bit better equipped, more willing to avoid foreclosure expenses, and more
Short Sales: The Road to Easier Navigation & Successful Transaction Read More »
Statistics told us, that prior to Christmas of last year, Americans were doing a pretty good job of decreasing their debt, especially on credit cards, plus they were in a savings mode too But according to statistics recently released by the Federal Reserve, revolving debt (mostly credit cards) is up 5.1%. It is the biggest increase seen
How to Return to Good Financial and Credit Health Read More »
I ran across the following issue with a recent client. After running their credit, we discovered what appeared to be an error on it. Positive that it was indeed an error, they wanted to address the problem immediately. My suggestion to these clients was to do nothing … right now. I know. That sounds contrary to
Errors and Disputes on Credit. How and When to Move Forward Read More »
Eric Wolff wrote an interesting article in the North County Times on Sunday, April 10. In the article, he states that according to local Realtors®, the short sale logjam could finally be clearing a bit. I’m quoted in the article (as are my Realtor® friends Diane Conaway of Re/Max, and Sidney Kutchuk of Realty Works).
Is the Los Angeles Short Sale Logjam Really Clearing Out? Read More »
