Mario Banuelos's (tonybanuelos) Blog

Foreclosure Moratorium Lifted After over four months of speculation and uncertainty, the foreclosure moratorium has been lifted by Fannie Mae and Freddie Mac, according to Mary Kane of the Washington Independent (4/2/09). Enacted initially to keep families in their homes through the holidays, the...

Finally... the List of Lenders Who Are Participating in the HOPE for Homeowners (H4H) Program is out! These are all the known lenders that have requested to be added to the list of participating lenders. Remember that this is not required by lenders, it is optional to participate.  Hope this help...

Finally... the List of Lenders Who Are Participating in the HOPE for Homeowners (H4H) Program is out! These are all the known lenders that have requested to be added to the list of participating lenders. Remember that this is not required by lenders, it is optional to participate.  Hope this help...

I FOUND THIS GREAT INFORMATION THAT EVERYONE MUST TAKE 5 MINUTES AND READ. PLEASE POST YOUR COMMENTS ON YOUR OPINION!   Smart Moves to Make After the Fed Decision The Federal Open Market Committee, or FOMC, surprised us with by cutting the federal funds rate by 50 basis points after leaving it un...

FHA SHORT REFI - HOPE LOAN Qualifications Nobody yet seems to know exactly what it will take to get banks to agree to the new short refi/ HOPE loan program. We know the following for sure: Eligible Borrowers. Only owner-occupants who are unable to afford their mortgage payments are eligible for t...

FELLOW AGENTS, WHAT IS YOUR OPINION ON THIS??   CAMB Summary of H.R. 3221 - Installment 1  August 1, 2008   As you must have heard by now, the most sweeping Housing Bill since the Depression was passed and signed by the President on July 30, 2008.  Over the last couple of days I have been reading...

ACTION ALERT!! Support H.R. 6694 to Reform and Save DPA! Contact Your Elected Officials Today! President Bush signed H.R. 3221 Housing and Economic Recovery Act of 2008 into law on July 30, 2008. Included in this bill was the elimination of downpayment assistance (DPA) programs.  Borrowers who ar...

A home warranty can save you money! Most folks get a one year home warranty when they purchase a home. Did you know that anyone can purchase a home warranty? My home warranty saved me thousands of dollars over the years. My forced air heater, water heater and my well pump were replaced and all I ...

Understanding the Housing and Economic Recovery Act of 2008 Signed into Law, by President Bush, on Wednesday, July 30, 2008 The bill has twelve points of interest that not only affects the buyers, sellers and consumers refinancing but point 8 also affects loan originators. More hassle for the ori...