What are top loan agents saying? One broker wrote, “Things have been good for me lately, which has been much needed. Hopefully it will keep up, as I have a lot of brokers that were waiting to lock for 15 days, so unfortunately they’re in a little bit of trouble now. The DU Refi Plus
Pending Home Sales
Although this has nothing to do with mortgage banking, in mid-April I noted a website to track the money in their wallet. (The government also tracks cell phones, by the way.) It would appear that health officials are using the site to estimate the spread of Swine Flu. Computers are amazing things. Can Loan Agents
The former Atlanta quarterback Michael Vick has left the federal prison to attend a hearing in Virginia. He said that prison has completely changed him. It’s true … he’s more of a cat person now. Thornburg Bankruptcy Thornburg Mortgage, long thought of as good lender for “make sense” deals, announced that a consortium of investments
Despite predictions for a flat December number, Pending Home Sales were up +6.3% for the month following a -3.7% number for November. The data is from the National Association of Realtors and is based on signed contracts for the month. So far stocks are up slightly and bonds, including mortgage bonds, are down, causing rates
More on 4.5% Rate Myths “Shoot yourself in the foot” means to do or say something stupid which causes problems for you. Are mortgage rates really going to be pegged at 4.5%, as the press seems to believe? You’ll notice that stories about this rumor have died down, perhaps because it isn’t true? Unfortunately it
I don’t have exact numbers, or any numbers for that matter, but I imagine that many agents and brokers are turning to Amway as a financial bridge during these difficult times. Yes, Amway – based in Michigan. Also known as Quixtar, it is a multi-level marketing company doing business in 90 countries and founded in
Some experts believe that, as a typical consumer, my financial well-being can be measured by 5 basic indicators: job creation, changes in real wages, changes in home prices, changes in equity prices, and access to credit. Let’s see… mortgage bankers (and others in many other industries) are seeing “negative” job creation, my real wages are