Monday, March 1, 2010
Wednesday, February 24, 2010
Tuesday, February 23, 2010
Monday, February 22, 2010
Friday, February 12, 2010
Wednesday, February 10, 2010
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 steven@sjdmortgages.com.
Good information and a little overhelming but VERY TIMELY! Let me know your reactions/thoughts. Steven DeMorett 651-208-4168 steven@sjdmortgages.com.
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
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
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
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