RECENT BLOG POSTS
The Mortgage Bankers Association reports that mortgage applications for the week ending April 9th are down almost 10% from the previous week. They go on to cite the recent increase in FHA upfront mortgage insurance as the main factor, and they likely have numbers to back up that statement. What...
04/14/2010
In a surprise move today the Obama administration released this executive order which effectively means the end of mortgage financing as we have known it. By abolishing FannieMae, FreddieMac and government backed loans (FHA, VA and USDA) the administration has decided to hit the "reset button" on...
04/01/2010
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This was too funny not to share. Many of you may recognize this as an old joke but stay with it- it's got a cute new twist! Thanks to Matt and National Credit Fixers for allowing the re-blog! Gerry Suarez, Jr. Your FHA Loan Pro!Here a little mortgage humor to get you through Friday! A mortgage br...
03/26/2010
Friend, colleague and fellow MMB Gary Miljour just penned this excellent post of how we all need to evolve our web presence. Are you making yourself useful to consumers and business partners. It's not about us, it's about them; and it's not about me, it's about YOU! Are you the most viewed source...
03/18/2010
This event will be huge with hundreds of homes available for viewing for two days. Look for more details on what homes will be open and if you are a homebuyer plan to be shopping April 10 & 11th!The Florida Realtors will be sponsoring a statewide open house April 10th and 11th. There will be a g...
03/17/2010
Updated information- Check it out below I normally hate titles that are meant to scare people into reading but unfortunately this time there is no exaggeration to the severity of the issue. USDA Guaranteed Rural Development loans, one of the best low/no down payment financing programs left, has...
03/11/2010
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As I re-read FHA commissioner David Stevens' prepared remarks for the Standard and Poor's Housing Conference that happened last month here in Orlando Florida I can't help but wonder about the future we face. There is a lot of speculation we haven't seen the worse when it comes to real estate, and...
03/05/2010
But the truth is, I probably won't. So why do more and more lenders continue to make promises like these? Maybe because it makes their phones ring, because it gives them a chance to do a loan they otherwise may not have gotten. Maybe they are OK with the fact that a true ten business (oh, did I f...
02/24/2010
A blog by associate and friend Ken Cook that just hits home on how badly all this government intervention is hurting instead of helping the economy and the real estate market. Yes, there is a strong push to limit the profit mortgage brokers can make which, if passed, will result in less competiti...
02/09/2010
We all know by now that as long as you are in a binding contract by April 30th and closed by June 30th you will meet the dates specified to qualify for the Homebuyer Tax Credit. Here in Central Florida that tax credit easily represents 5-10% of the average purchase prices we are seeing, for first...
01/30/2010
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Local information regarding Mortgage lending in Central Florida including Orange, Seminole, Osceola, Lake, Volusia and Marion Counties. Also providing up to date information on HUD and government loan programs, and first time buyer programs. I'm required to tell you I'm not acting on behalf of HUD/FHA or the US Government!