Watch video and go to the link they have under links & Docs for website NAIHP which will have other discussions and videos to follow on ALL THE MORTGAGE ISSUES facing todays Market!
Good information and a little overhelming but VERY TIMELY! Let me know your reactions/thoughts. Steven DeMorett 651-208-4168 steven@sjdmortgages.com.
Wednesday, February 3, 2010
Tuesday, February 2, 2010
Friday, January 29, 2010
First Time Home Buyers
I am getting the mortgage paperwork ready for some first-time homebuyers that are coming into the office Saturday - Customer Convenience is the name of the game !
To receive the first-time home buyers credit, buyers have to have the purchase agreement signed by April 30, 2010 and the transaction needs to close by June 30,2010 ---THE RUSH IS ON -- 3 MONTHS IS NOT THAT FAR DOWN THE ROAD !!!
To receive the first-time home buyers credit, buyers have to have the purchase agreement signed by April 30, 2010 and the transaction needs to close by June 30,2010 ---THE RUSH IS ON -- 3 MONTHS IS NOT THAT FAR DOWN THE ROAD !!!
Thursday, January 28, 2010
Real Estate Regulation Now Leading to "Misdirected"Money-Making
Anyone in the Real Estate Industry should know what AMC's are. Now this Appraisal Management Companies are trying to take over lending?? Obserd.
Contact me with your view: Steven DeMorett 651-208-4168
Contact me with your view: Steven DeMorett 651-208-4168
Wednesday, January 27, 2010
Monday, January 25, 2010
Friday, January 15, 2010
LACK OF ENFORCEMENT IS THE REAL CAUSE
We are told and shown again and again that the lack of enforcement is the real cause of the "mess" we are in and throwing more regulations which end up ultimately costing the customer more is really not the answer!
Wednesday, January 6, 2010
Mortgage Industry Update
Attached is a video on "Red Lining" and REO property advise for realtors.
THANK YOU
THANK YOU
Tuesday, December 22, 2009
Wednesday, December 16, 2009
TBWS - Video Marketing and Mortgage News Designed for Mortgage and Real Estate Sales
TBWS - Video Marketing and Mortgage News Designed for Mortgage and Real Estate Sales
Click on this link to see the MBS video.
Click on this link to see the MBS video.
FED: Rates to Stay Low !!
The federal reserve met today and choose to keep the Fed Funds rate at or near zero .......at least for the the near future.
My blog yesterday was supposed to say "Rates Stay Low Until 2011, not 2001" typo.
My blog yesterday was supposed to say "Rates Stay Low Until 2011, not 2001" typo.
Tuesday, December 15, 2009
Monday, December 7, 2009
The Mortgage Lender Implode-O-Meter News Pick-ups: Obama’s Foreclosure Program Run by Morons… and Trial Modifications are the Biggest Loan Mod Scam Ever
Friday, December 4, 2009
FHA is on the road to tightening up !!
I hate to think where we are headed in the Real Estate Market if FHA raises the down payment required on an FHA mortgage? The other option I have heard to help raise the reserves fund for FHA, which remains dangerously low, is to consider raising the UFMIP and Monthly factors. This would be much more "gentle" as this would slightly raise overall mortgage payment to the borrower without removing the purchase option altogether which is what I'm afraid an increase in down pmt would do.
Wednesday, December 2, 2009
Time To Buy or Refi ??
Interest rates have declined over the last couple weeks but edged higher on Tues Dec 1st - is it time to "Get off The Fence"? Contact me and we can go over the many options available to you.
Interest Rates
Steven DeMorett Interest rates have declined over the last couple weeks but edged higher on Tues Dec 1st - is it time to "Get off The Fence"? Contact me
Monday, November 30, 2009
Wednesday, November 25, 2009
Monday, November 23, 2009
USDA Rural Development
Please contact me about this program if you are interested in a:
No Money Down, low interest rate loan for the purchase of a primary residence!
You DO NOT have to be a first time homebuyer.
With the inventory of homes on the market, the prices at the lowest level and GREAT rates---people are finding it easier than ever to qualify!
No Money Down, low interest rate loan for the purchase of a primary residence!
You DO NOT have to be a first time homebuyer.
With the inventory of homes on the market, the prices at the lowest level and GREAT rates---people are finding it easier than ever to qualify!
Friday, November 20, 2009
Work Every Deal
I was able to work a deal that was turned down by another bank/broker/lender. If we work though every deal we sometimes come up with a new solution. What a Great Feeling When That Happens!
Wednesday, November 18, 2009
Training for the January 1st RESPA changes
HUD has firmly stated that they will NOT delay the effective date of January 1, 2010 - BUT they will not enforce sanctions in the first 120 days, as long as the company has shown a "good faith effort" to comply with the "Good Faith Estimate" ;-)
We have scheduled an in-depth online training with two RESPA attorney experts. To get details, go to:
www.RESPA-Training.com
We have scheduled an in-depth online training with two RESPA attorney experts. To get details, go to:
www.RESPA-Training.com
Tuesday, November 17, 2009
GFE and HUD-1
Some POSITIVE news to start our morning.!!!
HVCC over the next couple days and now this --- EVERYONE should keep an eye and hear out and please report any news you have and I can distribute it.
**** I will be looking into the validity and following the discussions on this but this NEW GFE AND HUD-1 EFFECTS EVERY TRANSACTION and a delay would be a start.
HAVE A GREAT DAY!
HVCC over the next couple days and now this --- EVERYONE should keep an eye and hear out and please report any news you have and I can distribute it.
**** I will be looking into the validity and following the discussions on this but this NEW GFE AND HUD-1 EFFECTS EVERY TRANSACTION and a delay would be a start.
HAVE A GREAT DAY!
Monday, November 16, 2009
HVCC--IMPORTANT
HVCC -- There should be a segment on HVCC this Wed and possibly again Thurs morning on Fox news network ( more info on time will follow if I can get it). The petition that has been circulating and signed by several thousand to contest "Home Valuation Code of Conduct" is being presented to Mr. Cuomo on Wednesday afternoon. We hope to see a lot of news outlets covering these events in the coming days--it will be very interesting to see what happens.
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