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 other …

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 Subcommittee …

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 shield …

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. …

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 some …

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 no …