Jeff's Blog

Mortgage and Lending - Southwest Funding
Discover what others have, no one works harder to get you your dream house. Our experienced staff is here to work with you to develop your loan application quickly, accurately, and honestly to make the strongest case for you. Then we shop our network of wholesale lenders to find the loan program that fits you best. We pride ourselves in helping you get your questions answered with prompt, courteous service. We never forget that it is personalized one on one service that sets us apart from the rest.
As of this morning the list of major U.S. lenders that have imploded since late 2006 has grown to 151, including Amstar, Mortgage Investors Group, BNC (Lehman) and Accredited.   The "imploded" status is somewhat subjective and does not necessarily mean operations are ceased permanently: it can me...
Reflective of the slower sales pace, inventory levels continue to climb and represent almost 10 months of available supply, nearly double what is considered satisfactory. - HSH AssociatesFannie Mae and Freddie Mac found a 3.2% increase in home prices over the last year, but that was the slowest p...
Even in a declining market, there are still millions of dollars of real estate transactions occurring every single day. For example, While the FHA helped about 100,000 refinancers over the last fiscal year, they have ambitious plans to expand that number to perhaps 240,000 over the next one. That...
The thorny issues of mortgage credit and liquidity continue to partially paralyze the mortgage market. Before any improvements can take place in backed-up mortgage credit streams, things need to at least stop getting worse, and the market needs to find a stable place to stand. The market is still...
Although the lift in New Home Sales is an optimistic sign, it may be only temporary. Builders managed to move some 870,000 homes during July (annualized), much better than was expected and a gain of some 24,000 over June. However, all those sales happened before the credit market seizure, so Augu...
It's important to note that the hoopla over mortgage-market issues is confined to the so-called non-conforming mortgage market. The credit market's concerns began with subprime mortgages, where liberal underwriting fostered the current credit-quality crisis. Those concerns have now spread to jumb...
I HIGHLY recommend emotional and value added marketing. An example of emotional marketing would be sending birthday cards to all of your past clients on their birthdays. More importantly, why not take the time to put a hand-written note inside of each birthday card. Then, consider a 30-second pho...
In this competitive business of mortgage lending, relationship marketing is the most effective method to grow and maintain your business. Shockingly statistics show that 93% of purchasers are satisfied with the professional they used. However, only 11% return and buy from them again. Why? It's be...
Seen through this lens, it's more apparent why the credit crisis touched certain mortgage lenders this week; Countrywide Financial, the country's largest lender and a big player in nonconforming loans, became the center of attention when a Merrill Lynch analyst speculated that the company could g...
The NAR's existing home sales report for the second quarter of 2007 is out today, and it shows a continuing slide in sales volume: existing home sales registered an annualized 5.91 million unit rate, down 10.8 percent from year-ago levels. Only six states showed an increase in sales volume.Median...

Jeff Schraeder

Ask me a question

Additional Information