Lonnie Glessner's (lonnieglessner) Blog

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Mortgage and Lending - America's Mortgage LLC

ARCHIVED BLOG POSTS

2008 

This week the S&P Case-Shiller Index was released with information from the month of August. For Denver, home prices have increased 4.1% in the last 6 months since March! This continues to be great news. It appears that for Denver, March was the bottom of the market. Hopefully, this bottom will h...
10/31/2008
•·         Beginning January people 62 and older will be able to use a FHA Reverse Mortgage to buy a home. Yeah! A reverse mortgage requires no monthly payment, no income or employment information is needed or verified, bad credit is no concern either. They are very easy loans to get approved and...
10/31/2008
The third solution to keep this Mortgage Mess from ever happening again is by addressing the policy of "Too big to fail". In the last 15 years we have allowed and even encouraged companies to grow too big for the public's good. Fannie Mae and Freddie Mac are the poster children of this policy. To...
10/31/2008
Earlier this week a first time home buyer called me looking for help with buying their first home with no money down. Neither one of them are a veteran of the military, so a VA loan is not possible. Second, their income is too high for any down payment assistance loans except for CHFA loans. Here...
10/30/2008
The second solution to the Mortgage Mess is happily beginning already. Finally, at both the state and federal levels of government the government is starting to police the mortgage industry better. Here are the changes that I recommend for my industry at the grass roots level- •1)   Licensing for...
10/30/2008
In my previous 12 posts I talked about the 21 reasons for this Mortgage Mess. Now I want to discuss how we as Americans can make sure it does not happen again. The single most powerful idea that each of us has direct control over is our own financial literacy. In just 4 or 5 hours of writing time...
10/29/2008
Besides the forcing of the Community Reinvestment Act or CRA on steroids onto Fannie and Freddie and thousands of banks by President Clinton's administration and the complete lack of oversight by Congress over Fannie and Freddie because of the $200 million doled out to Congress members and their ...
10/28/2008
In 1999 Treasury Secretary under President Clinton, Lawrence Summers "warned Congress in 1999 of the ‘systemic risks' posed by Fannie and Freddie, Congress held hearings the next year" according to Terry Jones of Investor's Business Daily. Nothing was done however. In 2000 the Mr. Summers' UnderS...
10/27/2008
I believe the number one reason for my success this year and this year has been my best year ever financially, is the training I have received from Achievement Dynamics, which is part of Sandler Sales Training. Debbie Scott my coach will be my next speaker for my Business Success Lunch on Novembe...
10/24/2008
Each week I write a newsletter that I email to my referral partners and i have received hundreds of compliments in the last year for my newsletter from Realtors. Thus, I thought I want to share it with you the Active Rain Community which I just joined this year. Please let me know what you think....
10/24/2008
Rainer
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Lonnie Glessner

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smartphone(303) 881-6374
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