Check it out - http://sanjoserefinance.blogspot.com/ 04/27/2007

http://www.bayarealoanguy.com/refinance.htmlI'm getting some refi business (mostly Neg Am loans), I wanted to make it easier for my clients to find the REFI page.Thanks for your feedback! Have a terrific Weekend!Exchange Links?  04/20/2007

     We all know how Real Estate is very competitive with so many Realtors and Brokerage companies.  I have been providing a great service and a generous incentives to my new buyers by helping them with closing costs.  Do Buyers really need help on closing costs?  Is it okay to share my commission to help other buyers in making that big purchase?  04/12/2007

   Are lenders trying to be an alligator, the whole foundation of the mortgage business has increased the volatility, and shaken the big position investor.  I did have a talk to a big financial hedge fund manager, according to him the mortgage industry is taking a big hit from the media, legislators, short term investors.This has made the wound more deep than expected.  It has really made the real people in refinancing, or purchasing the propertmore difficult.   Even all most all the presidential candidateshas made some bru- ha ha about the supprime meltdown, making the tightening of the credit more clear, andaffecting the average hard working middle class american in achieving the american dream.  We have to face the a lot of family's would be losing their hard eaned home because of th... 03/25/2007

     I was astound to get a quote from the biggest A paper lender in the mortgage industry.  Is it a mortgage spill over, added with the tightening credit, and not getting the right terms from the big investment backers has shaken the whole mortgage credit spectrum.  In one county in California last week, 179 homes were put up for auction at the courthouse, with a reserve price of the mortgage value set by the lender.  The catch is that these were 100% lender-financed homes.  The lenders did not sell one home. They are still hoping that buyers will come in and pay full price.  I wonder how many of those homes had very high appraisals." 03/22/2007

Who says startup companies are the only reason Silicon Valley is glamorous?  Who says you need to head up to San Francisco for the urban scene?Santana Row is a uniquely Northern Californian fusion of design, culture and accessibility, recreating the atmosphere of Paris' Champs Elysees using a distinctly Silicon Valley neo-Mediterranean architecture.A bustling farmers market lines the streets on Sunday mornings in quaint contrast to the exotic car meets on Saturdays.But for all the testosterone from the horsepower and club life of the weekends, Santana Row is an amazingly eccelctic place where strollers share the spotlight with Ferraris and people of all walks of life can enjoy the live music.This walking tour starts from the garage on Olin Avenue, which is most easily accessible from Wi... 03/19/2007

    The Capital of Silicon Valley is suffering from the foreclosure wave throught out the country, or is it just a meltdown of the market, which is taking all over the nation. Pundit's, financial expert has been going "ga-ga" over the foreclosure loom which would be sweeping the country for the past two (2) years.    Time would justtell if it is just a "meltdown", or a real bust, like what happened five (5) years during the tech bubble.  At thattime, every one invested all most all their equity in the tech stock's, for the most part a big portion of their retirement has just evaporated.   At that time over $9 trillion dollar just "gone in the wind", but the sub prime sector which is the biggest loser in this sector is not as big as the tech bust was ! unless it does not go through out t... 03/17/2007

  Rumors have sprung up that Goldman Sachs is interested in buying Accredited, which helped their stock price yesterday.   National City said that it wrote off $11 million stemming from subprime home loans, expects to write off more, and may boost reserves by $50 million because an insurer is rejecting mortgage-related claims.   IndyMac Bancorp Inc., who is the ninth biggest U.S. mortgage lender with $90 billion in fundings last year and who has seen its stock drop 36% this year, said its exposure to subprime mortgages is small. The company stated that most of its loans were prime loans to borrowers with high credit scores, or Alt-A which had high credit score borrowers with alternative documentation. 03/16/2007

  Check this one folks !    This people are making our industry a bad reputation !  Whether you believe it or not, we have helped thousands of people save a lot of money, thru taxes, debt consolidation, lowering the house payments, etc...  But some folks right here, has just made us a mock, and a commodity in this professional field. There are two ways you can make money $$$, the right way, or the wrong way. These people have tried to make their money through their way ! Check this news:  http://origin.insidebayarea.com/argus/localnews/ci_5412059 http://sanjose.bizjournals.com/sanjose/stories/2007/02/19/story2.html     C'mon, let's make our industry based on trust worthiness, integrity, and full of trust.  03/11/2007

Running east along Highway 101 to the foothills, south of Quimby Rd and North of Silver Creek Rd lies the Evergreen area in San Jose.It encompasses the  95138, 95148, 95122, 95121 & 95135 zip codes.  You can still find affordable homes with good schools as well as multi-million dollar homes in the Silver Creek Ranch & Golf Course Community.If you would like more information about real estate in the Evergreen area, visit our web site http://www.kipandtam.com/  03/08/2007

      Subprime companies that specialize in B & C paper loans have suffered as housing prices stopped rising and interest rates climbed from record lows.  A credit crunch in the market for low-end mortgages has left companies specializing in these subprime loans at the mercy of big banks like Merrill Lynch & Co. Goldman Sachs and J.P. Morgan Chase.  The merge could save the ailling sub prime market, if all the sub prime meltdown takes place a lot family would go in default after the expiration of their ARM's.  The regulators inWashington has to take a shot, and encourage all the big financial investment bankers to come out with a solution.  A big demise of this market would follow cycle of economic slow down.  A big part of the investmentof the baby boomers are in their houses.  Housing... 03/04/2007

 Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. While these loans remain a small part of the home lending industry, they've helped more people buy homes who previously couldn't afford it, helping to fuel a surge in housing prices in 2004 and 2005.  By cutting off access to credit for these extra buyers, demand for homes may fall further, depressing prices and fueling a broader slowdown in the U.S. housing market. If a client is not able to meet the A paper guidelinets, they are transferedthrough sub prime guidelines.   Lately all the sub prime lenders have been behaving irrationally because of the rise in default, and a near triple rise in foreclosure.  A number of the sub prime lenders has to file a bankruptcy protection after having fin... 03/04/2007

          Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. Lenders specializing in such loans, like New Century, Country Wide, Indy Mac rely in part on big banks known as  warehouse lenders to finance their operations. These backers require that subprime lenders meet certain minimum financial targets; otherwise, they have the right to end the business relationship.        All the ware house line of the lenders are in the RED mark.  The tightening of the sub prime would significantly slow the economy as a whole.  A big portion of the investment of the vast majority of the people are still their houses.  With ARM expiring soon, they would have to re-adjust their finances all over again. 03/04/2007

The Cambrian neighborhood is about four square miles nestled in a quiet West San Jose location. The Cambrian area of San Jose runs between highway 17 and the Almaden expressway, north of Blossom Hill Rd and south of Foxworthy Ave.  It encompasses the 95124, 95118 and a small part of the 95008 zip codes.If you would like more information about real estate in the Cambrian area, please visit our website at: http://www.kipandtam.com/ 02/26/2007

Just last March, redevelopment plan for North San Jose was stuck --- tangled in a lawsuit by neighboring cities Santa Clara and Milpitas over traffic flow.  The plantiffs contended that the proposed redevelopment would create population growth and traffic problems that would spill over into neighboring cities as well as I-880.How quickly things change. In December, the Santa Clara County Superior Court approved a settlement allowing the vision for North San Jose to proceed.  Now, Cadence Design Systems has announced that it intends to perform a major renovation on its headquarters, constructing a five-story 208,000 square-foot building to house all their 2,100 headquarters employees.  They currently have four separate low-rise buildings which will be obsoleted under the plan.... 02/13/2007

We finally have a Morton's steak house in the Silicon Valley! This is such a nice addition to downtown San Jose. My wife and I attended their "rehearsal/soft opening" a few weeks ago and were impressed with the quality and freshness of their product. The service was good, I'm sure it'll get better as soon as they finish training. You'll be happy with the food!Morton's San JoseMy other site - www.whereieat.com 177 Park Avenue, Suite 100San Jose, CA 95113 Best Regards,Chris Casel (San Jose Mortgage Consultant)W I R E  Financial355 Santana Row, Suite 2020San Jose, Ca. 95128Direct: 408.551.2119Cell: 408.930.4519ccasel@gmail.comhttp://www.bayarealoanguy.com/ The greatest compliment I can receive from my clients is a referral. Thank you for your business. 02/12/2007

Why is the person who invests your money called a "broker"? Wells Fargo led the pack in retail originations last year with roughly $160 billion for 2006. They were followed by Countrywide, BofA, WAMU, and Chase in the top 5. Also on the list were Golden West, Quicken, USAA, and First Magnus (#20 with roughly $11 billion for the year). Given the stronger-than-expected economic reports, and steady inflation numbers, few analysts still believe that the Fed is going to lower interest rates before June, or even early autumn. As far as market direction, for the short-term, a few days and up to a week, most see the bond market "neutral". What will change this? Probably not much this week. Later today we have Leading Economic Indicators (estimated +.2%) and an $8 billion 20-yr TIPS auction. (Tr... 01/23/2007

I am building a website.  Or perhaps it will be more accurate to say I am re-building my website - almost on a daily basis, it seems to me...  The more I learn about building a website, the more I realize I what I have gotten myself into.  I had a website which was provided by Alain Pinel Realtors, but it was a basic single page website with very little room for flexibility and almost no ability to add more content.  So began my quest to expand my presence on the web.  I am no webmaster, far from it, I don't even know html, but many people were building their own websites, so I saw no reason why I could not?  I started with a hosting site which provided a simple template form.  It was a bit cumbersome because I was learning as I was going along, but I managed to build the content in a f... 01/18/2007

REVERSE MORTGAGES: This new law provides protection to consumers who obtain reverse mortgages. This law prohibits certain self-dealing activities by companies providing reverse mortgages, requires certain additional disclosures for reverse mortgages, and also requires a translation of the contract for a reverse mortgage to the language in which primarily negotiated.  This law requires lenders and mortgage broker to perform certain acts, and also prohibits certain practices when selling reverse mortgages. The provisions of this new law become effective on January 1, 2007. Source: Assembly Bill 1609. California withholding tax alternative upon transfer:  This new law provides an alternative to the current California withholding tax requirement upon transfer of real property of paying thre... 12/29/2006

My team will do your open houses in the Bay Area for FREE!  We do Open Houses in San Jose, Fremont, Union City, Gilroy, etc. We can pre-approve potential buyers on the spot.  WE DO OPEN HOUSES ANY DAY OF THE WEEK.  Our job is to get your listings sold faster and for top dollar!  We also give a $500 gift certificate anywhere, for any referrals at closing!  We want to work closely with Realtors.  We can make your job easier.  I also give a 21 Day Personal Loan Guarantee for Purchase Loans or Refinances*.  I will close the Loan in 21 days, or the Loan is FREE!  Give me a call anytime!  408-823-6363 or 510-744-3800  I would love to help you better your business.  Work with a Mortgage Team that has your best interests at heart!!!  12/20/2006