Rick Kellow's (dad4_2) Blog

Mortgage and Lending - Cherry Creek Mortgage
Washington, DC - U.S. Rep. Rubén Hinojosa (TX-15) was informed by the United States Department of Agriculture (USDA) that Secretary Tom Vilsack has authorized the issuance of Conditional Commitments for USDA's Section 502 Single Family Housing Guaranteed Loan Program beginning immediately and con...
Purchasing a home is a stressful experience, both because it's a huge monetary investment and because the buying process can be complicated and confusing. Buyers must be well-informed and have a good understanding of a property's underlying value before making a decision to purchase. Once buyers ...
The owners of the Iowa site where the "Field of Dreams" movie was filmed have put the place up for sale. Don and Becky Lansing say they love the land, which has been in Don Lansing's family for more than a century, but they think its time to give it up. The movie, released in 1989 with Kevin Cos...
On May 12, 2010 USDA Rural Development issued an announcement with the purpose of recalling and voiding this earlier guidance that was released on May 11, 2010. This second announcement dated May 12th also stated that additional guidance would be released by USDA Rural Development within the nex...
As announced previously, H.R.5017, the Rural Housing Preservation and Stabilization Act of 2010, passed the House on April 27th (352-62). Similar legislation, S.3266 was introduced in the Senate on April 28th, and is pending further action. Until this legislative action is complete, USDA Rural De...
"Well, ya see, it's like this.  A heard of buffalo can only move as fast as the slowest buffalo.  And when the herd is hunted, it is the slowest and weakest buffalo at the back who are killed first.  This natural selection is good for the heard as a whole, because the general speed and health of ...
The official announcement sent to brokers today that Universal Mortgage Corp. of Mequon, WI has ceased wholesale production effective immediately. During 2008, the company averaged over $124 million per month in volume across both its retail and wholesale channels. Their primary web site indicate...
Yesterday, the U.S. House of Representatives passed the Rural Housing Preservation and Stabilization Act of 2010 (H.R. 5017).  Through this legislation, the guarantee fee in the USDA Guaranteed Rural Housing (GRH) Program may be raised to offset any need for Congressional appropriations.  Additio...
These days, record-breaking foreclosure statistics are coming out with numbing frequency. But what happens to the thousands of families after their personal financial disaster is added to the mounting national count? Unfortunately, once a foreclosure is final, the financial and emotional upheaval...
·        All Borrowers' Birth Certificates will be required with Pictures taken in the hospital with medical staff. Birth certificate with a live home delivery will not be eligible for first time home buyers. ·        Marriage certificate with wedding attire will be required if both borrowers are...

Rick Kellow

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