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Green Mortgage Options Expand with FHA Financing- FHA News EEM?s Part 1:
2008-06-04 17:24:00
As the popularity and necessity of FHA financing expands so does the occurrence of multiple bids on houses in the Bay Area. Yes- I did say multiple bids. So what can you do to better your offer you’re presenting to stand out against the 13 bids I just saw in Brentwood, CA. Yes- I said ...
More About: News , Financing , Green , Mortgage , Options

FHA Update: The more you know the more homes you can sell-
2008-05-20 05:48:00
FHA UPDATE: HUD released Mortgagee Letter 08-11 on April 29th, defining new terms for acceptable “non-traditional credit”. In a nutshell, HUD is defining different classes of non-traditional credit into Group I type and Group II type. With credit in Group I being the more desired type. HUD is also adding more guidelines for lenders to ...
More About: Update , Homes , Sell

The Answer to Your Question is?the Housing Market Found It?s Bottom-
2008-05-13 18:26:00
Have you been searching across the internet looking for a crystal ball on the Bay area Housing market and what direction it is going? The fact is the only way you know when you have found the bottom of a housing market is when the market has already turnd and you missed your oppertunity. Here ...
More About: Question , Market , Answer , Investor

Good News for Agency Jumbo Conforming Financing- Stimulating the Bay Area P
2008-05-13 01:43:00
Late last week lenders began pricing the new “Jumbo Conforming” loans as if they were the same as the usual Conforming loan. The “Conforming Loan”- Is a loan up to $417,000 that was the standard before the economic stimulus package was introduced earlier this year. The “New Jumbo Conforming”- is a loan limit that is $417,001-$729,750 scheduled ...
More About: News , Financing , Agency , Good News , Bay Area

Whats New With FHA- The Bay Area is Ready and Waiting?
2008-05-12 04:07:00
FHA Action to Resume Despite Veto Threat  The House of Representative was slated to resume consideration of a Federal Housing Administration refinancing bill this morning despite a veto threat from President Bush and efforts by Republican congressmen to disrupt House proceedings. The FHA bill (H.R. 3221) would refinance an estimated 500,000 borrowers with “underwater” mortgages ...
More About: Bay Area , Area , Waiting , Ready

Green Real Estate Transactions is a start- Here is what you can do
2008-05-09 23:44:00
Being responsible about your paper usage and paper purchasing is not just about saving trees.  In my past series outlining the use of electronic signatures (One of my first posts-please be kind) made a dramatic impact on the amount of paper waste during the loan process for myself and colleagues. The next step to reduce ...
More About: Estate , Real Estate , Green , Transactions , Start

Sierra Club to Join Oak Grove Pleasanton Appeal- Pleasanton Weekly Update
2008-05-09 04:01:00
  The Tri-Valley Sierra Club voted Monday to support the appeal of the Oak Grove referendum decision. The referendum supporters will be contacting other groups to gain support. The plan to gain larger Sierra Club chapters support and gain “much needed” legal advise on the process. This is another chapter in what looks to become a ...
More About: Join , Update , Weekly

Reuse and recycle on your next Green Home Makeover-
2008-05-07 03:59:00
The practice of de-construction and un-building may be the next explosion across the US in the near future.  The Building Materials Association estimates that in the U.S., 315,000 to 360,000 tons per year of reused building materials are sold by reuse centers — not even 0.2% of the total waste from building activities each year. ...
More About: Conservation , Home , Green , Recycle , Makeover

FHA Update-House Panel Passes FHA ?Underwater? Bill
2008-05-05 05:16:00
By a 46-21 vote, the House Financial Services Committee has approved a bill that provides the Federal Housing Administration with $300 billion in loan commitment authority to refinance “underwater” mortgages. The bill, crafted by the committee chairman, Rep. Barney Frank, D-Mass., provides mortgage investors/servicers with an option to refinance struggling borrowers into FHA-insured loans if ...
More About: Update , Panel , Refinance , Underwater

Green Real Estate in the news- Eco-Broker Makes CNBC:
2008-05-02 19:19:00
The market for Green homes and Green Real Estate companies has taken off. In an interview on CNBC the founder of EcoBroker gave the first interview discussing the facts of what the Eco-Broker designation means to Realtors and the Real Estate industry.  The demand for professional expertise on green topics in real estate, the consumers ...
More About: News , In the News

Eco-Real Estate Marketing- For the Green Real Estate Professional
2008-04-29 22:06:00
A trend I’ve noticed and been very glad to see is the implementation Green Business practices when selling Real Estate . These green practices include; Green MLS, e-cards, and electronic flyers to name a few. When my attention in the past was drawn to Avignon Community in Pleasanton a zero energy community and how these properties could ...
More About: Marketing , Real Estate , Real Estate Marketing

Stimulus Package Update for the Mortgage Market: Talk around the water cool
2008-04-29 03:28:00
One of the most significant steps the federal government has taken in its attempt to bring liquidity and stability back to the mortgage and credit markets was its March decision to expand the capacities of Fannie Mae and Freddie Mac, allowing them to significantly increase the amount of mortgage securities that they can purchase or ...
More About: Market , Cool , Mortgage , Talk , Water

Freddie Mac makes a move to stabilize the conforming-jumbo loan product
2008-04-22 03:03:00
In the news late last week, Freddie Mac makes a move to stabilize the conforming-jumbo loan product, by guarantying 90 day forward commitments to 4 big loan players.  This should trickle down to mid-sized mortgage bankers as well, through their correspondent channels.Freddie Mac said Thursday that it will guarantee 90-day, forward-delivery pricing on “conforming jumbo” ...
More About: Product , Loan , Move

Mortgage Market Volitility This Week- As I read the news?
2008-04-18 19:50:00
As the mortgage market continues it’s volatility I saw in not one but two papers this morning and then on the “business news” radio, “30 year fixed rates holding at 5.875%”.  A strong surge in the stock market on Friday due in part to Google’s earnings, oil prices and the 10 year Bond heading to ...
More About: News , Market , Mortgage , The News , Read

Economic Stimilus Package- Can you get a loan???
2008-04-08 06:26:00
I found this article very interesting and on point in today’s mortgage market. despite the economic stimulus package. Can your clients obtain a loan to buy the home they want???   The larger the mortgage, the riskier the loan.   The riskier the loan, the tougher it is for a home buyer to get a mortgage approved. That is ...
More About: Loan , Economic , Package

Pleasanton & Livermore Realtor Gordon Corsie’s TV interview on the fo
2008-03-26 01:19:00
Pleasanton and Livermore’s Real Estate Agent Gordon  Corsie “The Scotsman”gave an interesting interview on the foreclosure market comparing the “Stockton” market to the “Bay Area” Real Estate Market.  The part I completely agreed with is buyers sitting on the fence waiting for a real estate bottom will “Not know until prices have already started to rise” In my opinion, “Missing the boat”. Enjoy the interview. My question Gordon for your next interview is: What is your oponion on the government sponsored loan programs? Will it be putting a floor in the real estate market this spring? Anytime you would like to do chapter two of your TV interview give me a call. We can kick around loans, real estate and the Bay Area purchase market. Bookmark It Hide Sites
More About: Interview , Realtor , Pleasanton

CalHFA and Down Payment assistance programs deliver 100% Financing in the B
2008-03-25 17:42:00
Recently CalHFA announced that effective Tuesday, March 25, 2008, the maximum Loan-to-Value on our conventional mortgage loan products will be limited to 95%. This raises the question: “How do I continue offering my clients 100% financing through CalHFA?” Fortunately, this question has a relatively easy answer:  Layering multiple loans.  (more…) Bookmark It Hide Sites
More About: Programs , Financing , Payment

Help sell your home Green- Low VOC paints
2008-03-25 01:54:00
What comes in thousands of different colors but is green all over? Well of course; the latest in environmentally responsible paints. When preparing to stage and sell a house a dead give away of lack of upkeep is the strong odor of fresh paint on the walls. The solution is eco-friendly paints that has virtually NO ODORS and is safe for the environment. Having recognized the harmful impact of petrochemical-based solvents (they off-gas volatile organic compounds and smell funny), major paint companies (Benjamin Moore, Sherwin Williams, Olympic and AFM) now offer a rainbow of environmentally conscious options. With healthier coats in every color, texture and gloss, painting the town green is more than just a pigment of the imagination. This is a great way to introduce healthier product’s into your next Green Home Remodel or entice more would be home buyers when preparing your home for sale in the Real Estate market. Bookmark It Hide Sites
More About: Paints , Sell

Today being the first day of Spring did an Eco Home Improvement come to min
2008-03-20 19:42:00
Has spring reminded you that there’s been a Green home improvement project on your mind? It may be a full Eco-Remodel on your kitchen or possible coat of paint to change the mood of your room. You may want to consider the harm traditional paint may expose your family to and you don’t know where ...
More About: Home , Spring , Today , Improvement , Home Improvement

The Mortgage Tools Series is BACK: Home loan closing costs- Fees vs. Costs-
2008-03-20 04:53:00
How do you explain to your real estate client what are prepaid items and what are closing costs for a mortgage loan? When negotiating a contract in this current buyers market it is common the “closing costs” are negotiated to be paid by the seller of the property. The confusion lies in what is a reoccurring ...
More About: Tools , Series , Home , Loan , Fees

FHA Newsflash- Details on Higher FHA Loan Limi
2008-03-20 02:25:00
Wells Fargo announced today that loans that are registered today will be eligible for the High balance FHA Loan Limits. Wells Fargo FHA High Cost loan limit program is $417,000 for one-unit and single family homes.Overall FHA loan limits are temporarily increased in high cost areas defined by HUD. Highlights of FHA lending guidelines include: Bookmark ...
More About: Details , Higher

Fed cuts rates by a quater on Sunday
2008-03-17 05:36:00
Sunday afternoon the Fed took action and cut interest rates by a quater point. This is the first-time the Fed has cut rates on a weekend since 1979.  the Fed is trying to stay ahead of the market and influence liquidity in the shadow of Bear Sterns downturn and JP Morgan chase purchase offer. Keep ...
More About: Market , Interest Rates , Sunday , Refinance , Rates

Low Cost home improvements to save you Green while going Green-
2008-03-14 02:21:00
Saving energy in your home can save you money per month while being eco-friendly on the environment. My goal as a Loan Consultant is to save you money in as many places as I can. My commitment and vision is to make the loan process as eco-friendly as possible does cut costs to save you ...
More About: Conservation , Home , Green , Cost , Save

FHA will help the housing market- Here Is how
2008-03-12 03:12:00
  We all know that there were various “Liar Loans” that caused the majority of the housing down turn the past few years. The question I here on a daily basis from Realtors in the Tri Valley is, “What can we do to get qualified buyers into these phenomenally priced houses”?  One solution: FHA financing. Bookmark It Hide Sites
More About: Market , Housing , Refinance

Talk around the Water Cooler- New Conforming Loan Limits Are Out Today-
2008-03-11 01:22:00
The news that everyone has been waiting for, the new conforming loan limits are out. Today the first lender introduced the first program to the rate sheets.  The program that has been rolled out first is the 30yr and 15yr fixed rate products. In high cost areas such as where we live in Alameda and ...
More About: Water Cooler , Loan , Talk , Water

Pleasanton Weekly Oak Grove Update- Vote likely to miss ballot
2008-03-07 03:43:00
What’s the Green news this week in Pleasanton that surrounds Real Estate? No Green Real Estate listings to note but Pleasanton Oak Grove referendum in on the table.  Pleasanton City Council tabled the referendum vote pending the Superior Court decision. Pleasanton’s City officials goal was to have the decision place on the June ballot but felt they ...
More About: Vote , Update , Miss , Weekly , Ballot

FHA Loan Limits Announced- FHA lending begins today ?So they say?
2008-03-06 19:27:00
Alameda and Contra Costa FHA new loan limits begin today.   FHA Press Release below-   FHA Releases New Mortgage Limits for California Counties FHA Max Limits Include 14 CA Counties * FHA Press Release *   Bookmark It Hide Sites
More About: Loan , Today , Lending

FHA Loans Helping Livermore & Dublin CA Communities and soon my clients-
2008-03-06 03:26:00
Every time I try to find out what the current FHA loan limits are for my clients or what the proposed FHA loan limits may be I find myself in a never-ending search. Recently I was contacted by a Livermore and Dublin CA couples both looking for answers on how FHA loans may help them ...
More About: Loans , Clients , Refinance , Communities

Are you ready to refinance when interest rates drop AGAIN?
2008-03-06 03:00:00
A great article on The Mortgage Reports, a Chicago based Real Estate Company highlighted a great point. When you’re in the process of refinancing your home loan, have you been put in position by your Mortgage Consultant to take advantage of the lowest rates when they drop; again? Even if it’s only for 28 hour ...
More About: Interest Rates , Loan , Interest , Refinance , Rates

What is an REO, and is it TIME TO BUY REAL ESTATE?
2008-03-04 04:05:00
With all of the media reporting on REO’s I thought It may be important to first consult a Real Estate Investor and a Realtor by trade exactly what an REO is and what it means to the average Bay Area resident. Thanks for joining Green Mortgage Group John. So what is an REO anyways? REO stands ...
More About: Real Estate , Time