Pages Menu
TwitterRssFacebook

Most recent articles

New Condo Guidelines! Not good news

<a href=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9roAP5r-GI/AAAAAAAAADA/cTNke0yyCdg/s1600-h/condo_mortgages_project_reviews_597_Page_4.jpg”><img style=”float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9roAP5r-GI/AAAAAAAAADA/cTNke0yyCdg/s200/condo_mortgages_project_reviews_597_Page_4.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5177705812581939298″ /></a><br /><a href=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9rn7P5r-FI/AAAAAAAAAC4/SElwgXMcJjA/s1600-h/condo_mortgages_project_reviews_597_Page_3.jpg”><img style=”float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9rn7P5r-FI/AAAAAAAAAC4/SElwgXMcJjA/s200/condo_mortgages_project_reviews_597_Page_3.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5177705726682593362″ /></a><br /><a href=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9rn1P5r-EI/AAAAAAAAACw/lCR8O8zIY-k/s1600-h/condo_mortgages_project_reviews_597_Page_2.jpg”><img style=”float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9rn1P5r-EI/AAAAAAAAACw/lCR8O8zIY-k/s200/condo_mortgages_project_reviews_597_Page_2.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5177705623603378242″ /></a><br /><a href=”http://3.bp.blogspot.com/__b6Y0cLXpyI/R9btp_5r-DI/AAAAAAAAACo/p1PJitsjPYc/s1600-h/condo_mortgages_project_reviews_597_Page_1.jpg”><img style=”float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://3.bp.blogspot.com/__b6Y0cLXpyI/R9btp_5r-DI/AAAAAAAAACo/p1PJitsjPYc/s200/condo_mortgages_project_reviews_597_Page_1.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5176586127492773938″ /></a><br />Freddie and Fannie have issued new guides for condos. Basically, a new building must be 51% sold to people going to live there as primary or secondary homes. So, you can’t be the first to close on a new building unless the presale is met! Bad news for buyers and condo sellers, especially in good areas like Philadelphia. <br /><br />For...

Why the mortgage market is such a mess?

This is an email from a FNMA account executive to clients on why the mortgage market is such a mess right now. It’s worth the read. <br /><br />The Capital Markets Sales Desk has fielded a large number of calls from customers simply asking, what’s going on? Why is the mortgage market trading lower every day? The following are reasons that could help explain why mortgages are struggling and why current market conditions are so volatile.<br /><br />The question is, why are mortgages widening or losing value vs other benchmarks like treasuries? Mortgages are widening for a number of reasons. First, there are no buyers. The dealer community is...

Attention All Investors. Want to know where the foreclosures are?

<a href=”http://www.newyorkfed.org/mortgagemaps/”>http://www.newyorkfed.org/mortgagemaps/</a><br /><br />This is one of the busiest websites in the world now. So be patient.<br /><br />This will show you where all the bad stuff is going on and then you can make a better decision as to where to try to find bargains. Share this:TwitterFacebookGoogleTumblrLinkedInEmailPrintPocketRedditPinterestLike this:Like...

Conforming Jumbo is Mumbo Jumbo

Remember the hoopla a few months ago? Fannie Mae and Freddie Mac were going to up the maximum mortgage from $417,000! Sound great. Right? WRONG!!!!<br /><br />Now we come to find out that not only are the limit raises by areas, not universal throughout the country, but the rate jump for a CJ is about 1.125% in RATE….not points.<br /><br />How is that supposed to help the economy. <br /><br />Shame on you Fannie and Freddie. It would have helped people out from coast-to-coast if you came with real rates. Share this:TwitterFacebookGoogleTumblrLinkedInEmailPrintPocketRedditPinterestLike this:Like...

West Philadelphia Gets a Lending Library — For Shop Tools

by KYW 1060 AM in Philadelphia’s Lauren Lipton<br /><br />Several cities around the country have one, and now Philadelphia does, too. The West Philly Tool Library, at 4620 Woodland Avenue, is open every Saturday morning. <br /><br />Stacey Hendricks (second from right, holding mallet) is volunteer coordinator at the nonprofit, all-volunteer tool library:<br /><br />”We tried to get things that appeal to everybody: drywall/sheetrock finishing tools. We have gardening tools, and much more.”<br /><br />Hendricks says that for $20 a year you can borrow any tool that you might need, instead of buying it or renting it for big bucks.<br /><br />”If somebody asked for a torque wrench, we’d...

Fred Glick on CNBC 4/9/08

<a href=”http://www.cnbc.com/id/15840232?video=707615009&play=1″>See me again on CNBC.</a> Share this:TwitterFacebookGoogleTumblrLinkedInEmailPrintPocketRedditPinterestLike this:Like...

%d bloggers like this: