Stephen Livesay's (cliv122750) Blog

By
Mortgage and Lending - National City Mortgage
RECENT BLOG POSTS
I had a client ask me today what will get them value out of the house.  I explained to her that she should look at the value of her curret home, lenght of time she intended to be in the house, and only consider spending money on the house that will gain her the most money from an equity position ...
10/21/2008
We want to know if you are using the world wide web to shop for a mortgage.  What would be the top 5 words you type into google? I would like to thank you all in advance for taking your time to help me with this.
10/16/2008
Panic is what happens in horror movies and how people fall victim to their prey.  Be the Hero that saves the day not the prey! Remember October 9, 2002 we saw a 49% drop in the market.  Overall, the average bear market lasts for 12.3 months, with average decline of 32%.  Right now we are on histo...
10/10/2008
Loans that are originated after Sept. 19, 2008 have new rules to follow.  Fannie Mae and Freddie Mac the control the best rates in the market have set forth new rules on the maximum number of properties any person can have financed. They both have a maximum number of 4 properties that are finance...
10/08/2008
Currently the credit markets in the US are experiencing some crazy times.  The LIBOR (London Interbank Offer Rate) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market.  The rate is hovering around i...
10/07/2008
I just wanted to make a post to let people know that there are options for 100% financing. Rural Housing will allow 100% financing with no monthly mortgage insurance.  There are some limitations in this product but the loan product is just as good as a VA loan and rate is not credit score driven....
10/06/2008
The treasury (federal government) annoued Sunday that they were taking control of Fannie Mae and Freddie Mac. Why did this occur?  Fannie and Freddie have issued many bonds which over time mature and they have to pay back the principal on the maturing bonds.  Capital is raised to pay these maturi...
09/09/2008
The mortgage industry has been through several changes over last year.  Currently we see the media making reports on Fannie Mae and Freddie Mac and the health of these two agencies.  I will give the basics as to what has change on the rate pricing.  All banks, mortgage banks and mortgage brokers ...
08/14/2008
Rainer
3,153

Stephen Livesay

CMPS
local_phone91(984) 713-7017
smartphone(919) 656-4516
Contact The Author