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Mortgage and Lending - Premier Nationwide Lending - RMLO - License #206799
Frisco Mortgage and Frisco Home Loans, Home Loan programs including FHA, VA, Reverse Mortgages, Conventional, and Jumbo
RECENT BLOG POSTS
My best friend since about 4th grade and his wife are trying to sell a condo in Irving TX.  They've had it listed for at least 8 months now, and after plenty of showings, and after dropping the offering price from around $97k to about $81k, they are losing hope.  They even mentioned this weekend ...
09/29/2008
The Federal Deposit Insurance Corporation or FDIC seized Washington Mutual and sold the thrift's assets to to JP Morgan Chase. This is one of the largest bank falls in our history. Some said pitfalls that WAMU ran into that caused this issue was their involvement in the subprime world, and even m...
09/26/2008
Assistant Secretary of Housing for FHA, Brian Montgomery, announced a new plan to govern against the "buy and bail" issue so prevalent in our industry today.  Recently, FHA and others in the mortgage industry have observed an increasing number of homeowners who have chosen to vacate their existin...
09/23/2008
Ok, for the Layman's terms...that's how I "roll".  I put it in terms YOU can understand. Govie (Government, Washington, Uncle Sam, etc...) has got a plan.  Treasury Secretary Henry Paulson (money organizer of Government) has suggested that Govie buys the "toxic" mortgage assets from American bank...
09/19/2008
Just in case you are new to the search and learning mortgage, the basics are as follows. Mortgage rates are directly related to bonds. When bonds do good, your mortgage rates drop. Today the bond market opened very positive again like yesterday...that's good for your interest rate and helps you g...
09/16/2008
Today, I talked with one of my home investors.  He has probably 25 or more properties in Irving Tx.  He takes good care of all of his rentals...helps that he owns a construction company and has crews that touch up and fix up all the time.  He bought 3 homes with his personal line of credit over a...
09/15/2008
The tax credit from the Housing and Economic Recovery Act is money that is given and then paid back in an interest free loan.  So, this is one of those, "they giveth in large print, and taketh away in small print" opportunities.  MCC has a tax credit that is similar in many ways, but doesn't have...
09/12/2008
Thought I would share a random thought that has been in my head a number of times in the last couple weeks as I have had appointments with new Real Estate alliances...usually when I am discussing what they do to get "NOW" business.  Whether it be in relationship, workout discipline, business, or ...
09/11/2008
Allllllllllllrighty then.  It's been talked about and it's not necessarily brand new information, but FHA down payment requirement is going up to 3.5%.  No longer will closing costs be considered as part of the amount of money they have to have involved in the transaction.  They will have to have...
09/09/2008
You know, it was only a couple weeks ago or maybe even 4-5 that "Old School" (my nickname for Allen Greenspan) used a phrase similarly tothis, "the housing turn is in sight".  Then he went on to say that "in sight" meant 8 months or so.  I hope Old School is right!  The Dallas Morning News's Stev...
09/08/2008
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BradLynch

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Mortgage News and Updates for Frisco Texas, Dallas, and the surrounding cities regarding Frisco Home Loans and my reflection on day to day encounters in this industry.