What’s really happening

Stocks fell in Europe for a sixth day, U.S. index futures declined and the yen strengthened as concern deepened the global recovery may slow. Copper led commodities lower, while oil dropped as OPEC meets. The US stock indexes traded weaker all morning into the open with the DJIA lower; a close lower today will beContinue reading “What’s really happening”

Memorial Day, The True Meaning

Memorial Day is a day of remembrance of those who have died serving our country.  General John Alexander Logan ordered the Memorial Day holiday to be observed by decorating the war dead.  The day became known as “Decoration Day” because of the practice of decorating soldier’s graves with flowers. In 1971, Memorial day was declaredContinue reading “Memorial Day, The True Meaning”

Mortgage Network Earns 98.86%

Published on CNBC   http://www.cnbc.com/id/42856549 DANVERS, Mass., May 02, 2011 (BUSINESS WIRE) — Mortgage Network, an industry leading independent mortgage lender, today announced the results of a recent customer satisfaction survey showing that over 98% of customers would use Mortgage Network again. Also, over 98% of customers would recommend a friend. A standard that MNI believesContinue reading “Mortgage Network Earns 98.86%”

What I am Hearing in Markets

This Week; is Holy Week. Trade likely will be quiet with the religious holiday. Most all of the data points this week are centered on the housing sector; starts and permits for Mar, new and existing home sales, the NAHB housing market index Monday and the FHFA housing price index on Thursday. The only otherContinue reading “What I am Hearing in Markets”

How To Kill The Economy

The proposed regulations governing the Qualified Residential Mortgage (QRM) exemption from risk retention rules constitute a “devastating, unnecessary and very expensive wrench (thrown) into the American dream” according to a white paper released Wednesday by a consortium of housing industry groups. The paper was published in advance of a scheduled hearing of the House SubcommitteeContinue reading “How To Kill The Economy”

Is now a great time to buy a house…..YES!!

  As a mortgage professional, as well as an investor in real estate, the goal is always a buy and hold. In the case of buying a home to raise your family, you would purchase your home with the intent to own it for a period greater than 7 to 10 years which would shieldContinue reading “Is now a great time to buy a house…..YES!!”

This Week in the Markets

This Week; existing and new home sales are the main focus but unlikely to show any change in the trend of weak sales that has been the situation for two years. Japan’s problems with their nuclear reactors remain but the latest reports imply some progress on a couple of reactors while another reactor is weakening.Continue reading “This Week in the Markets”

5 Mortgage Myths, by Trulia.com

Valuable Information brought to you by Trulia.com     In a mortgage market that changes as quickly as this one, today’s fact is tomorrow’s fiction.  For buyers, misinformation can be the difference between qualifying for a home loan or not. Sellers and owners, knowledge is foreclosure-preventing, smart decision-making power! Without further ado, let’s correct someContinue reading “5 Mortgage Myths, by Trulia.com”

The Final Walk-Through

I am not a real estate broker but I have been around this business long enough to know, the last thing you do prior to a closing is the Walk-Through.  This typically takes place the day before or the morning of the Closing.  To ensure that the home is presentable, broom clean and that noContinue reading “The Final Walk-Through”