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Converting Primary Residence to Second Home or Investment Property - Fannie Says Not So Fast...
Well, as if we didn't have enough changes taking place at lightening speed, now one more change from Fannie Mae came down effective August 1, 2008. This time the issue swirls around new rules that will affect converting your principal residence to Read More...
Cost of Commuting in the Phoenix/Scottsdale Metropolitan Area
We're always into finding nifty little widgets to add to our website and recently found this one. Since we know the cost of commuting in the Phoenix/Scottsdale metropolitan area can be huge, we wanted to add this feature to help you in your decision Read More...
A Historical Look at Maricopa County First Mortgage Volume
For those of you, like us, who are numbers people, we wanted to pass along some more interesting facts (another hat tip to one of our lending partners, Rob Kanyur at Nova Home Loans in Scottsdale , AZ - www.robk@novahomeloans.com or www.robkanyurcandomortgages.com Read More...
Interesting Facts: Life By the Numbers!
BY THE NUMBER$. (Hat tip to one of our lending partners, Rob Kanyur at Nova Home Loans in Scottsdale, AZ - RobK@NovaHomeLoans.com or www.RobKanyurCanDoMortgages.com Hope you find it as interesting as we did!!! 1. MOST RECENTLY - 7 of the last 9 months Read More...
Home Financing Changes - What It Means to You!
We don't normally like to turn our blog posts into long diatribes, but at the same time, there have been so many changes this past year in lender financing, as well as multiple changes at Fannie Mae/Freddie Mac and most recently with FHA, we felt Read More...
Today's Surprise Gift - The Fed Auction Facility Program
Just received this from one of our strategic partners regarding today's decision on the "Fed Auction Facility Program"... The markets were looking for a holiday treat yesterday by way of a 50 basis point Fed cut in the Discount Rate. And Read More...
Silent Night, Holy Night...Cards Maxed Out...No Relief in Sight!
Well, here we are just 15 days before Christmas and as usually happens this time of year, many folks are saying there are just too many presents for their bank account and already their credit cards are totally maxed out..what's a shopper to do??? Read More...
My Home: The Stock, the Bond, the Credit Card, the Retirement Fund, the ATM
Time again for Mortgage Mondays and today we're going to chat a bit about our homes...and how we view them. Perhaps it's just because we come from the Midwest and homes are viewed a bit differently there than they are here in the Southwest. Or Read More...
Fannie Mae and Freddie Mac Implement New Risk-Based Pricing - So How's Your FICO?
Fannie Mae and Freddie Mac have announced that in order to compensate for the high delinquency credit losses on FNMA and Freddie MAC loans, certain loans that close after December 31, 2007, will be re-priced to reflect the new risk-based pricing. The Read More...
Would the Actual 2007 Real Estate Numbers Please Stand Up?
Welcome to Mortgage Mondays where we discuss lending, finances, and the markets overall. As promised in our post this past Saturday, today we are going to share a few more stats with you. Over the next few months, we'll be posting and sending out Read More...
Silly Saturdays - CEO Says Times Are Like "Great Depression" - Yet 98.7% of Their Mortgages Are Current - HUH?
Ok...so maybe we have a warped sense of humor, but we find this one pretty funny and needed to put it in our Silly Saturdays this week. Unfortunately, this is the kind of stuff we read every day in the media, and then of course they NEVER take any responsibility Read More...
Flippin Fridays - Househangout's Weekly Phoenix Real Estate Market Report - November 16, 2007
Welcome to Flippin Fridays with Househangout where we talk about what flipped (and what didn't) in the Phoenix metropolitan area over the past week. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed Read More...
Phoenix Real Estate for 2008 - Hhhmmm...Some Very Different Opinions for Sure!
Welcome back to Mortgage Mondays where we discuss lending, finances, and the markets overall. As promised in Friday's post, we're going to discuss a couple of opposing reports that came out over the past couple of weeks regarding the state of Read More...
Flippin Fridays - Househangout's Weekly Phoenix Market Report - November 9, 2007
Welcome to Flippin Fridays with Househangout where we talk about what flipped and (what didn't) in the Phoenix metropolitan area over the past week. Since we're just getting a jump on a new month, we decided to take a look at the first nine days Read More...
Househangout's Top 10 Things Phoenix Seller's Should Do to Get Their Homes Sold Now!
It's time once again for Househangout's Top 10 Thursdays! There's been a bit of news out the past couple of days about where the market is headed and the fact that home prices will only continue to decline in the Phoenix/Scottsdale market. Read More...
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