Santos's Blog

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Mortgage and Lending - FAMILY HOME LOANS
The Mortgage World Updates.....

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2008 

.....believe it or not, it's NOT Michigan.  I keep telling my agents, "as bad as it seems here, there's always something worse out there!"  So hang in there folks....it WILL get better!Below is the link from a 60 MINUTES story on the Foreclosure Capital of the U.S!(Cut and paste this link into yo...
01/28/2008
.....AND THROW IT IN THE TRASH!!!I have been in the mortgage business for 9.5 years now and I feel like a brand new Loan Officer.  In the state of Michigan, Fannie Mae has ruled that MOST of our state is considered an area of "declining markets."  They say MOST of the state of Michigan is but I h...
01/25/2008
GOOD WEDNESDAY AFTERNOON!No lack of volatility in the market today!  Mortgage bonds opened up relatively flat at -3 basis points and over the last few minutes, they have dropped down to -16 so we may see a little bit of a rate increase.  As of this morning's rate sheets, we could've  squeezed a 3...
01/16/2008
Rainer
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Santos Sanchez

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