Shawn Olson's (shawnsuper08) Blog

IM LOOKING FOR REAL ESTATE AGENTS TO WORK WITH THAT WANTS A LOAN OFFICER WITH OVER 20 YEARS OF EXPERIENCE AND CARES ABOUT HIS CLIENTS.  GREAT COMMUNICATIONS AND WILL GET THE LOAN DONE FOR YOU.  I DO GIVE REAL ESTATE AGENTS REFERRALS FROM TIME TO TIME ALSO FROM MY HUGE DATABASE OF PAST CLIENTS.  I...

I just heard that FHA is changing the upfront MI fee to 1% from 2.25%  but the monthly MI fee is going up from .55 to .90 with adjusting upto 1.55% in the future.  If anybody has more detail that would be great on these changes since its so close to the change.  PLease make a comment if you know ...

The rumors are continuing to grow louder that the Obama administration is planning to announce a massive stimulus via the housing market later this month. Earlier this week, the word was that the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac might subsidize mortgage refinanci...

A plunge in mortgage rates is giving homeowners a rare opportunity to lock in a 15-year fixed-rate loan for less than 4 percent.Rates haven't dipped this low in decades. For those who can qualify, it's the chance to pay off a home in half the time while saving tens of thousands of dollars But the...

Three years into the housing crisis, nearly 15 million homeowners owe more than their homes are worth, and an estimated one in four mortgage defaults is voluntary. Those figuires are scary, what would happen if those homeowners started to walk away from their homes like so many have.  A plan has ...

My house value goes down but my property taxes goes up?????????   I hear this alot from people and I think the tax man are inflating values to get that tax $$$$$$$$$$$   What will this do the the real estate market and appraisal that are being done out there.  I had one house in cambridge tax val...

Just when you think rates hit rock bottom they go down even more.  Where are the rates going?????  We need buyers out in the market and it seems they are just not there like it should be.   What do we have to do to get this market HOT!!!!!!!!!!!!  Interest free loans for 10 years???   LOL!!!  Giv...

Effective immediately, USDA Rural Housing approved lenders all over the country are now resuming their USDA programs.  The new guarantee fee for USDA Rural Housing purchase transactions has now been raised from 3% to 3.5%.  Furthermore, many lenders may now require that loan documents must have a...

Last night Congress finally passed legislation to restore funding to the 502 single-family rural housing program.  Senator Michael Bennet (CO) and Reps.  Kanjorski (PA) and Capito (WV) championed this issue that has been working its way through Congress since March.  The legislation will increase...

"Mortgage Bonds continue to push up against formidable resistance at all-time highs for the 9th consecutive session but are off their best levels. At 1:00pm ET, the Treasury will announce the results from today's $37B 5-Year Note auction. Yesterday's $38B in 2-Years was decent, but today's auctio...