tag:blogger.com,1999:blog-8956992984877584622011-08-03T14:09:15.199-07:00Keeping Up With the Mortgage MarketRosie Rainsnoreply@blogger.comBlogger81100tag:blogger.com,1999:blog-895699298487758462.post-48515362928692451622011-04-21T18:47:00.001-07:002011-04-21T19:26:44.043-07:00

Well folks here we are, three years into a recession and we are now over-regulated to the point I can honestly say we can't get anything done! On April 1, 2011 the implementation of the Financial Reform Act written by the genius's Senators Dodd and Frank went into effect and guess what? Home loans are frozen again!!!As I spend most of my days researching comparable sales and fighting low-ball

Rosie Rainsnoreply@blogger.comtag:blogger.com,1999:blog-895699298487758462.post-66071907734979700792010-03-02T11:10:00.000-08:002010-03-02T13:46:18.318-08:00

Now that most of the bombs have been detonated and there is loan and bank shrapnel scattered everywhere those of us still standing are wondering where the dust will finally settle. As in most cases where too little has been done too late you are likely to see history repeat itself, like "LOCK THE BARN AFTER THE HORSE IS GONE"! So what to do next? "OVER COMPENSATE" and that is what we have now is

Rosie Rainsnoreply@blogger.comtag:blogger.com,1999:blog-895699298487758462.post-15679615206935037972010-03-01T09:20:00.000-08:002010-03-02T16:46:06.482-08:00

If you’re lucky to get one approved, here is the process. You see the loan comes out of the loan processing center in hell and moves to the minister for approval (who is on earth) then passes the Angels who bless it. It then moves to the the God level, if you’re lucky God will bless it. Then is has to fall though heaven back to earth for docs and if the condition angel is asleep and misses you

Rosie Rainsnoreply@blogger.comtag:blogger.com,1999:blog-895699298487758462.post-2415853692215343092008-02-27T07:45:00.000-08:002008-02-28T09:15:36.723-08:00

Consumers are eager to think that when the Federal Reserve cuts interest rates, it means that they should call their friendly neighborhood mortgage broker and inquire about refinancing their home loans. It doesn't always work out that way.Re-financing remains a great way to build wealth and get the maximum benefit out of home ownership. But consumers should not expect that a Fed Rate cut will be

Rosie Rainsnoreply@blogger.comtag:blogger.com,1999:blog-895699298487758462.post-52344398121705786762008-02-10T04:57:00.000-08:002008-02-10T05:15:31.605-08:00

My book is now available for pre-order on Amazon and other websites. June 29 is the official publishing date for McGraw Hill to hit the bricks with THE LITTLE BLACK BOOK OF WEALTH BUILDING MORTGAGE SECRETS: Insider Strategies for Securing a Stable Mortgage and Avoiding Common Pitfalls in Any Market. Be the first on your block to order one and you'll not only get an invaluable guide to the in's

Rosie Rainsnoreply@blogger.comtag:blogger.com,1999:blog-895699298487758462.post-85905497938275306552007-07-09T12:44:00.000-07:002008-02-27T06:44:19.263-08:00

Let's all stop riding the roller coaster freak-out. As consumers and as a country, we all seem to be locked into a periodical cycle of anxiety over interest rates. Every quarter, we rush around like a flock of hens spooked by the shadow of a falcon. Will the prime rate go up? Will the prime rate go down? Inflamed by the commentary of financial prognosticators, the great prime-rate freak-out hits

Rosie Rainsnoreply@blogger.comtag:blogger.com,1999:blog-895699298487758462.post-36885560592203805392007-07-09T11:40:00.000-07:002008-02-27T06:46:02.685-08:00

Predatory lending is back (did it ever go away?) Recently, a client I’ve been working with on refinancing walked into my office with a mailer from a mortgage company. My client wanted me to beat the rate that the company was offering: “Dear Borrower” Regarding your existing home loan with us, we are currently offering an exclusive program to refinance your existing loan. Features of this

Rosie Rainsnoreply@blogger.comtag:blogger.com,1999:blog-895699298487758462.post-25179543880332641482007-04-04T23:50:00.001-07:002008-02-27T06:47:36.453-08:00

Hey, ladies! What’s up with women as mortgage borrowers?There’s a new study by the Consumer Federation of America CFA (a nonprofit advocacy org.) that found a third of women in the boom year of 2005 got mortgages with interest rates over 7.66 percent (well above the average prime mortgage rate of 5.87 percent). Whoa! How is it that women typically have better credit scores than men and yet still

Rosie Rainsnoreply@blogger.com