Friday, August 13, 2010

Great argument for H.R. 600

Seller financed down payment assistance programs( DAP's ) aren't any worse than the govt crap coming out!

Call Steven DeMorett for further explanation and discussion: 651-208-4168


Friday, August 6, 2010

FHA set to increase fees paid by new borrowers

Here is the actual article on FHA mortgage insurance.

I will keep you updated as I hear what goes into effect.

Monday, July 26, 2010

Monday, July 19, 2010

FHA changes are in the 'comment period'.

Good information on the whole 'financial reform'!

Monday, July 12, 2010

Well, listen to this--Make Your Own Decision

Well, listen to this and take your own conclusion from it.

Friday, July 2, 2010

MORTGAGE RATES ARE EXTREMELY LOW: 4.375% for either Conv. or FHA Financing

Rates are at again, an all time LOW!

Please call Steven at 651-208-4168 to discuss both purchase and refinance options!


Wednesday, May 26, 2010

Red Flags Compliance Broker Tool Kit

Red Flag Rules are written procedures for mortgage brokers to have in place to 'compy' with more the the consumer protection laws. Attached is a brief run down and a contact for anyone whom would like guidance.


Monday, May 24, 2010

Retail Banker LO's Income Under Fire - 05.24.10 | Video Marketing and Mortgage News Designed for Mortgage and Real Estate Sales

Lots of good information. USDA Rural Development needs a "push" to extend funding.

Any questions/comments please call Steven 651-208-4168

Wednesday, March 10, 2010

New Short Sale Program

This government program, if implimented correctly, COULD/SHOULD help short sales and thus, the industry in general. Stay tuned.

Wednesday, March 3, 2010

Failed H.A.R.P. program extended and Ben Bernanke

Watch this video and you will draw some conclusions on why we are in the mess we are in..........................?

Any comments: Steven DeMorett 651-208-4168

Wednesday, February 3, 2010

HVCC comment and New Website for Mortgage Professionals

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

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 !!!

Stocks rally fizzles out

Stocks rally fizzles out

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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

AddThis - The #1 Bookmarking & Sharing Service

AddThis - The #1 Bookmarking & Sharing Service

Friday, January 15, 2010


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.