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mortgages - Page 6 - Strategic Real Estate Coach

New Rule May Ban GSEs from Investing in Mortgages with Transfer Fees

Tag: mortgages

New Rule May Ban GSEs from Investing in Mortgages with Transfer Fees

More restrictions coming for Freddie and Fannie, if the FHFA has anything to say about it! If a new rule goes into effect and FHFA (Federal Housing Finance Agency) gets their way, GSEs will be banned from purchasing mortgages with private transfer fee covenants. These fees are sometimes worked into the home purchase contracts and […]

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“Buy and Bail” Homeowners Get Around Loan Restrictions

Wow, we still have a long way to go before this whole housing crisis is striaghtened out. Homeowners are getting desparate, and getting more creative in how they deal with their underwater homes... Even after Freddie Mac and Fannie Mae increased their standards against mortgage fraud, a practice known as “buy and bail” is taking […]

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Creating a Credibility Kit

Using a credibility kit is one way that we have found effective to give your prospective seller the confidence that your company is the right one to help them. You should try to have this in your prospect's hands to sell your company and you, before the first appointment. Be sure to get the prospect's […]

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Mortgage Brokers Get Criminal Check, Tests

By Jan. 1, 2011, mortgage brokers in all 50 states will be required to pass criminal background and credit checks, and a licensing exam. The move is an attempt to curb the fraud and abuse that triggered rampant lending to people who couldn’t afford to pay their loans, or never intended to in the first […]

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The Worrying Numbers Behind Underwater Homeowners

Never before have American homeowners with mortgages held such a thin slice of equity, and never before have so many homeowners been at risk of negative equity. Predicting accurately how many homeowners end up underwater is impossible, as the future of home prices is unknown. But anyone claiming that the number of underwater homes can't […]

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Gov't OKs $600M in Housing Aid for 5 States

Today The Treasury Department approved mortgage-assistance proposals submitted by five states – North Carolina, South Carolina, Ohio, Oregon and Rhode Island. The $600 million in aid will help an estimated 50,000 homeowners avoid foreclosure. This comes on the heels of aid already sent to Arizona, Florida, California, Michigan and Nevada in June. In total, the […]

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Why Hasn’t the Housing Market Recovered?

Weekly Real Estate Kick-Off for August 2, 2010 Follow me on Facebook and on Twitter! August 2, 2010 - This Week’s Topics: Reasons Why The Housing Market Hasn’t Recovered Sidelined Sellers Impacting the Housing Recovery Treasury to Hold Conference on Fannie, Freddie Future Foreclosures Rising in Most Metro Areas Declaring Bankruptcy to Prevent Foreclosure Fannie’s […]

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Weekly Real Estate Kick-Off

Follow me on Facebook and on Twitter! Hey everyone, are you capitalizing on your “power time” each day? Everyone’s power time may be different, but it’s basically the block of time where you’re at your most productive, your most alert. Make sure that you’re taking advantage of that burst and doing the things that need […]

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Article Syndication Increases Your Website's Effectiveness 38%

I was thinking of you this morning. I thought you could use some ideas on Web site optimization and driving leads to your Web sites online. One way that you probably haven’t thought about is ARTICLE SUBMISSION. Maybe you thought it wasn’t effective. Maybe you don’t have time. Maybe you don’t have Web sites. Shame […]

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Watchdog: Commercial Real Estate Mortgages Sinking Quickly

By the end of 2010, half of all commercial real estate mortgages in the United States could be "underwater," according to the government's Troubled Asset Relief Program watchdog. Translation: Americans' financial woes are far from over. The commercial real estate bubble will grow so large that it will become a "serious problem" that will take […]

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