Mike Marroquin's Blog

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Mortgage and Lending - Taylor Morrison Home Funding - NMLS#: 1054841
RECENT BLOG POSTS
It took a couple of days to digest, but banks took a steep hit today as the market tries to guesstimate the financial damage the foreclosure halting is going to have on them. It was a relatively strong day in the market, beginning the day with a gap up and ending higher. However, the banks just d...
10/15/2010
After numerous lawsuits filed against lenders who made errors during the foreclosure process, big banks have now temporarily halted foreclosure proceedings. GMAC was the first to announce such halts, first in 23 states that foreclose judicially. Now, JP Morgan and Bank Of America have followed su...
10/12/2010
Well, some possible light in the dark economic tunnel yesterday in terms of interest rates. The fed announced no change in rates but did hint that some further quantitative easing may be in store at the next meeting. This means that they, the Fed, are more likely to create more "stimulus" without...
09/22/2010
If you have been in the market for a home in San Diego, then you know the first step towards buying is a mortgage loan pre-approval.  Without a loan pre-approval you are simply not ready to write an offer (unless you are paying cash of course). Those who are able to close quickest will almost alw...
09/09/2010
While July is historically a bigger housing sales month of the year, last month in southern California home sales declined over 20% from June to July. In San Diego, July sales were over 19% lower than July 2009 according to DataQuick. What a shock right (sarcasm). With the first-time buyer tax cr...
08/20/2010
Aimed at Helping Struggling Homeowners Avoid Foreclosure in California, But Is It a Good Idea to Give Federal Funds To Individual States? As unemployment remains high, foreclosures still abound in California. Especially the newer areas of South Bay San Diego like Eastlake and Chula Vista where it...
08/16/2010
  Some Chula Vista Schools are getting a few additions funded by bonds and propositions O and R. Both Chula Vista High School and Southwester College will be gaining new buildings. Chula Vista High School is adding a large, 3-story multiuse building for a library, theater and additional classroom...
08/08/2010
San Diego Real Estate sales have been hit hard, especially Chula Vista. Sales have been climbing just a bit recently perhaps partly due to the Home Buyer Tax credit. A bit of good news is that it has been extended. Home Buyer Tax Credit Extension Passed Congress Congress passed a bill this week e...
07/02/2010
Home Buyer Tax Credit Extension Passed Congress Congress passed a bill this week extending the deadline to close escrow and qualify for the federal home buyers tax credit. President Obama is expected to sign the bill extending the deadline to Sept. 30, 2010, instead of its original June 30 deadli...
07/02/2010
A Decent Senate Bill  A multitude of people in Chula vista and all of San Diego have found themselves upside down on their houses. For once it looks like there might be a decent Bill that the Senate will vote on. It is geared to extend anti-deficiency protections to homeowners who have refinanced...
05/20/2010
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Mike Marroquin

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