Rick Kellow's (dad4_2) Blog

Mortgage and Lending - Cherry Creek Mortgage
Currently, Hillary Clinton's home is a five-bedroom, four-bathroom, $1.7 million house in Chappaqua, N.Y., while Barack Obama owns a $1.65 million Georgian revival home in Chicago's Kenwood neighborhood, located on the city's South Side. John McCain's home is a $4.72 million luxury condo near Bil...
With all the headlines about Federal Reserve rate cuts, it's easy to jump to the wrong conclusion: that you can afford to wait to refinance your home. But that's a dangerous position to take. It's one thing to speculate with interest-rate futures. It's quite another to gamble with the roof over y...
Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments.Full details of the initiativ...
A friend recently asked a great question, and I want to share the answer with you here. Question How do I improve the response to my direct mail?Answer There are a zillion ways to improve response. Most of them you all ready know.Improve the copy Improve the call to action Offer something with no...
Stocks were poised to open lower Friday in what would be the fourth loss in five sessions as investors awaited any clues about the economy's direction. Concerns about a recession were likely to again influence trading after Wall Street managed to rise Thursday for the first time this week. San Fr...
Here is a new postcard I designed for ARM customers... I am happy to email docs or help anyone get these postcards for your own use. So far I have mailed 250 cards out and have 15 apps in for refi's... the comments have been great and humorous... I wish the best for you ... I purchased the printi...
Mortgage rates have declined dramatically over the past several weeks. But the Federal Reserve's latest rate cut does not guarantee that rates will keep dropping.  In fact, mortgage rates often climb following a cut in the federal funds rate, and actually rose about 50 basis points after the Fede...
Here we go again... for the second week in a row... With fears of a recession growing, the Federal Reserve cut interest rates Wednesday by a half percent.... as was widely expected. The reduction comes just eight days after a three-quarter point emergency cut and amid new data showing that the ec...
Fed Chairman Ben Bernanke and his colleagues are scheduled to open a two-day meeting Tuesday afternoon to plot their next move on interest rates. The closed-door gathering comes amid growing fears the country is either on the brink of a recession or has already started slipping into one given the...
LOS ANGELES (AP) -- Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it swung to a loss in the fourth quarter due to rising loss provisions and impairment charges as more borrowers fell behind on mortgage payments. The earnings fell well short of Wall Street estimat...

Rick Kellow

FHA & Reverse Mortgage Expert
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