RECENT BLOG POSTS
Hello everyone, I have a contact with a local title company here in Plano that is looking to expand and hire approximately 30-40 new positions. I don't have all of the details on each and every position available, but I know that some are entry level positions and some require experience. If yo...
03/31/2009
Creating an Internet Presence and Converting Cyberleads- 2 hours MCE Credit- March 11 & 12 in Dallas
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Hello everyone! Donna Harris has decided to have an encore presentation of her class about internet marketing. This is a ONE DAY class, and there are two classes scheduled for this week. Please RSVP directly to Donna or Jeff Duffee at the information below and I hope to see you all there. It ...
03/09/2009
Economists are correct to point out that "everything goes in cycles". This is true for the business cycle of the mortgage industry as well. While current homeowners are taking advantage of rates that have crept back down to 40 year lows, and buyers have started coming out of the woodwork lookin...
02/12/2009
As part of the Housing and Economic Recovery Act of 2008, home buyers who purchase a primary residence between April 9, 2008 and July 1, 2009 may be eligible for a tax credit of up to $7,500. There's been a lot of talk (and certainly an equal amount of misinformation) about the details of this p...
02/10/2009
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I thought this was a good blog to repost from the realtor's perspective.... I can't stress to everyone the importance of making sure their buyers are pre-approved. Realtors need to be more assertive with buyers, ESPECIALLY those who are overconfident that they will be automatically approved just...
02/10/2009
Here's a blog from one of the head honchos at Active Rain which shows the online traffic for all major real estate brokerages. It seems the online brokerages are picking up steam. Very interesting. The real estate brokerages website traffic represented in this chart that are not dropping off a...
01/16/2009
Many people are quick to point out that FHA does not have a minimum credit score requirement in their underwriting guidelines. While this is technically true, virtually every FHA approved lender does impose a minimum credit score requirement for FHA loans because of increased losses on low FICO ...
01/16/2009
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I don't have to say that mortgages have changed dramatically over the last three years. Anyone that hasn't been living under a rock knows that. But the most significant change that many people don't realize is that stated income loans have all but vanished (aside from some hard money loans avai...
01/16/2009
Ever since it became public knowledge that Fannie Mae was in financial trouble, the agency has implimented "Loan Level Price Adjustments", which are basically add-ons to the rates, based on credit score, LTV ratio, CLTV ratio, loan purpose and also property type. On December 29, 2008, Fannie Mae...
01/15/2009
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This is a quickie, but a very important question that comes up quite often: How much does a $1000 increase (or decrease) in the loan amount change the monthly payment on a mortgage? Not that much, actually. Why is this question important in the first place? Buyers and realtors often negotiate...
01/10/2009
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