Lee Walsh's Mortgage Blog

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Mortgage and Lending - SecurityNational Mortgage
RECENT BLOG POSTS
In a recent article that Yahoo republished from the Wall Street Journal, Stephanie Simon wrote about a failed Colorado bank - New Frontier. She tells the story of a woman named Tina Gasner and her $260,000 business loan to start a pizza shop.  In the article Ms. Gasner blames the bank for mislead...
06/18/2009
Important Information About Your LIBOR ARM Mortgage And How Your Rate Can Change. Several months ago I posted some information about the possible surge in the LIBOR rate that could impact millions of mortgages in the US.  Based on the recent history at the time it was possible that LIBOR rates co...
12/22/2008
The other shoe could be about to fall... the LIBOR rate has spiked in recent weeks. What is the  LIBOR and why is something to be concerned about? From a report on Bloomberg this week.."The overnight Libor rate in U.S. dollars soared 3.33 percentage points to 6.44 percent today, its biggest jump ...
09/17/2008
By now everyone has heard about the historic bail out of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) by the government. In the short term this looks like a good move. The two companies are saved from insolvency and they can continue with business as usual. Is this good or bad in the long r...
09/08/2008
The FEMA disaster recovery center is open for Seminole County residents and business owners who were affected by Tropical Storm Fay. Crews from the Federal Emergency Management Agency and the State Emergency Response Team will help staff the center in Stanford. The office is open daily from 8 a.m...
09/06/2008
Florida - Seminole county FEMA assistance - was your home or business affected by Tropical storm Fay? Seminole County has received a declaration from the Federal Emergency Management Agency (FEMA) for Individual and Public Assistance for homeowners and public facilities affected by Tropical Storm...
09/02/2008
According to one Florida mortgage banker they are. I received an email from the Mortgage Bankers Association of Florida that contained a reprint of an editorial from the Miami Herald by Alex Sanchez. Who is Alex Sanchez? He is president and chief executive officer of the Florida Bankers Associati...
08/26/2008
The support for H.R. 6694 the bill recently introduced to revive seller assisted DPA is growing.Supporters include Jerry Howard, chief executive officer of the National Association of Home Builders, said the association supports HR 6694. Also today, Nehemiah Corporation of America announced the l...
08/12/2008
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Are you are getting emails from "CNN" that promote the top 10 stories of the day? Guess what? They are not from CNN - they are spam that points you to websites that are not part of CNN. Do not click on the links. The practice is called spoofing.  It looks like this....   This one is pretty good.....
08/06/2008
FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 This bill - H.R. 6694 was introduced 8/1/2008 by U.S. Rep. Al Green (TX), and co-sponsored by U.S. Representatives Gary Miller (CA), Maxine Waters (CA), and Christopher Shays (CT). It is a short addendum to t...
08/02/2008
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Lee Walsh

Executive Talent Scout for Mortgage Professionals
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I work at SecurityNational Mortgage and am always looking for experienced loan officer and branch managers that are interested in a better opportunity. connect With Me On LinkedIn https://www.linkedin.com/in/netoriginator