List/Grid Author Archives: Carl Delmont
Beating The Banks At Their Own Game With A “Giant Killer”
With banks increasing fees on checking, ATMs, credit cards and other services, consumers do not need another reason to despise their bank, but one lender is taking this angst to another level.
Distressed Properties
Various studies are appearing everywhere about the dismal numbers in housing. Perhaps that explains the tepid response from would be borrowers despite near record low rates? While some areas are probably years away from a recovery, other areas are showing positive signs.
Loan Limits Expiring May Hurt Housing
Economic data has helped rates drop for several weeks in a row. Greece just helped the odds of rates remaining low for a few more weeks. But what happens if you are buying a home on or after October 1st?
Housing Optimism
While the number of licensed realtors has dropped, the more experienced and successful agents are beaming with optimism. Homes priced correctly are selling quickly; some banks are becoming more efficient in selling foreclosures and short sales; and another drop in rates is encouraging buyers.
Why Have Rates Dropped?
Just about every indicator seemingly guaranteed that mortgage rates had seen their best levels and were primed to increase. In fact, 30 year rates topped 5% for a while and mortgage applications slowed despite affordability at all time positive numbers.
Warranty Or Not To Warranty…
If you have ever purchased a home, you were most likely pitched a home warranty by the loan officer or realtor. In some cases, the lender or realtor covered the cost. In others, the seller may have paid, or the buyer may have incurred the cost.
Housing Orthopedics
We have all witnessed the ubiquitous ads asking if we “know our credit score”. It is impossible to turn on a TV, computer or radio without hearing one. To separate…
A Good Program Just Got Better
First, some good news: Fannie Mae just announced that would add some additional incentives to an already attractive plan called HomePath. Under this plan, buyers can purchase homes owned by…
No Reason To Panic Regarding Lending
The past week has brought an abundance of news related to housing, lending and credit and with it, more questions and confusion. While there are a number of areas that…
Only The Shadow (Home Inventory) Knows
Shadow home and subsequent inventories are dragging down home values. Good if you are a buyer but not so pleasant if you are selling or refinancing.
Loading ...
