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Mortgage and Lending - NMLS #94045
As of 2016, Susan is no longer practicing in the USA and retains this blog as a service. Clients may call or email for a professional realtor or lender referral in Whatcom and San Juans counties
RECENT BLOG POSTS
I spent a career in advertising prior to becoming a mortgage professional.  I am now learning how to develop healthy direct relationships, not just account names and awards on the advertising agency roster. Today's lending landscape is challenging for everyone. Let's turn that on it's head: our s...
10/06/2010
Thanks to Howard for gathering this information. As always, the national average varies widely from region to region. "Homebuilder Profits up" claimed just last week on Wall Street 'does not compute' with actual housing starts going down. Mortgage Bankers Association for the week of  09/22/2010 ...
09/26/2010
Unfortunately, by the time most distressed borrowers seek help to avoid Foreclosure, they have often been struggling with income loss, divorce, legal or health issues for so long that theyre are not only falling behind financially but they are as one fellow put it to me: "taking drugs to just to ...
09/25/2010
OK so it' a little risque but so is 5% down and conventional lending for Investors. Am I right? At today's rock bottom prices -- REO or "Real Estate Owned Homes" (i.e., in the bank's portfolio) are the best value going. You do need a keen nose to ferret out a solid home beneath the banged doors a...
07/28/2010
I read a wake up article recently by a mortgage market advisor  Mark Hanson, who suggests that unless foreclosures double from the April 2010 record, because of the sheer number of 'shadow inventory' homes on the market --it will take at least 8-years to clear the sales backlog of homes for sale....
06/08/2010
Have you done the math on your mortgage? What is that 30 year payback schedule really costing you over the long term? A lot of people are making tough decisions about keeping homes that may not be the best investment at the moment...or possibly ever. But like most people, if you have lived in you...
05/13/2010
Without Congressional Action, USDA 502 Rural Housing Program Will Run Out of Funding Within Days H.R 5017 introduced by Congressman Paul E. Kanjorski (D-PA), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, has passed the H...
04/25/2010
Every year, the USDA Rural Housing Loan program is re-funded through a budgetary approval process. And every year we get notices it's about to expire or a particular lender's reserved funds have run out, but like clockwork these funds have been restored. Given the BUDGET CUTTING PARTY on the hill...
04/22/2010
Principal Writedowns + Help for Unemployed Homeowners:HAMP and Making Home Affordable Guidelines updated today are sounding pretty progressive: The much touted PR about Principal Balance Write Downs is being implemented by the first subscribers to the program: notably Bank of America, one of the ...
04/12/2010
More highly educated professionals are finding themselves among the millions facing bankruptcy and foreclosure. Is anybody tracking the suicide rate among foreclosed homeowners? Developers, Builders and Realtors and Mortgage Bankers head this list. Having your home foreclosed is becoming almost c...
04/07/2010
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Susan Templeton

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