RSS

Tag Archive | "Mortgage"

REAL Mortgage – Ann & Frank Fontanetta Fairway Independent Mortgage

Sunday, March 3, 2019

0 Comments

Team Fontanetta Ann & Frank Fontanetta Fairway Independent Mortgage Timing Is Everything By Tom Heatherman ”It’s not about the loans we do; it is about the hearts we change and the people we help.” Steve Jacobson, Founder and CEO Timing — It is often said — can make a world of difference when introducing a new business or venture. That’s why Ann and Frank Fontanetta waited until just the right moment to team-up with Fairway Independent Mortgage. Frank was at the peak of a career that spanned over 25 years in the lending industry, having risen through the ranks from […]

Jessica Bennet Perspectives Mortgage Refinancing

Tuesday, August 30, 2011

0 Comments

When Is The Time To Refinance Your House? By Jessica Bennet Only you can decide if you are having problems in making payments on the mortgage that is financing your home. If you are having problems in making the payments, refinancing is an option. Other than that another item to consider in order to find your answer to “should I refinance my house?” is whether you want to save money on mortgage payments. Refinancing can help you in saving money on the payments.

New Laws For Mortgage Originators By Budd Moore

Thursday, April 14, 2011

0 Comments

New Laws Governing Mortgage Originators By Budd Moore New lending laws regulate originator compensation and help protect the borrower’s “best interest.” April brings Tax Day and this year it also brings new laws to govern mortgage originators. The new lending laws, effective April 1st, have leveled the playing field for all originators, including banks, mortgage companies, and mortgage brokers. While most of the larger banks adopted these new rules over a year ago smaller lenders and brokers have waited until April 1, 2011 to adjust their practices and adopt the new laws. Under the new regulations, a loan originator “may […]

Making Sense Of The Mortgage Market By Jim Soda

Wednesday, December 1, 2010

0 Comments

Mortgage Shopping 101 – Making Sense of the Mortgage Market By Jim Soda Shopping for a mortgage can be time-consuming and difficult for homebuyers, especially in today’s market where many buyers don’t know where to begin. The Federal Reserve Board has put together the following tips so that you can make sense of the mortgage market and be sure you are getting the mortgage that is right for you. 1. Know what you can afford. Review your monthly spending plan to estimate what you can afford to pay for a home, including the mortgage, property taxes, insurance, and monthly maintenance […]

Refinance Now By C.J. Coury

Tuesday, March 30, 2010

0 Comments

Refinance Now By C.J. Coury Although it is certainly more challenging to obtain a new mortgage loan in today’s market you simply must make the attempt if you have an interest rate above, at or near 6%. It is widely believed that rates will begin to rise this spring and could increase as much as 1% or more from today’s historic lows, eliminating the opportunity to realize the benefits of refinancing for many. While it is true that many loans today are being scuttled by evaluations and qualifying documentation, it is also a fact that there are options available to […]

FHA OK’S Finance Of Qualified Flips By C. J. Coury

Monday, March 1, 2010

0 Comments

FHA OK’S Finance Of Qualified Flips By C. J. Coury In an effort to speed up the resale of foreclosed properties the FHA has announced that it will begin to insure loans on properties that were re-sold within 90-days of purchase by the seller. This change will allow lenders to offer FHA financing to buyers who are attempting to purchase these quick re-sales between 2/1/10 and 1/31/11. While this will help a great number of buyers there are certain restrictions that will apply. The primary intent of this easing is to allow investors to purchase, rehab and resell these properties […]

Financing “As-Is” Properties By C. J. Coury

Tuesday, December 15, 2009

0 Comments

Financing “As-Is” Properties By C. J. Coury A rarely used loan product, the FHA 203(k), is fast becoming one of the hottest topics on the training front. The renewed interest in this evolving product is due to the high number of distressed properties on the market and the declining amount of “cash” buyers to sell it to “as-is”. There are numerous misunderstandings about this product that I would like to help clarify: 1. The maximum loan amount is currently $417,000 2. There is no maximum sale price for the property 3. There is no maximum amount for the repairs or improvements 4. The improvements […]

RESPA/Regulation X Changes By C. J. Coury

Monday, November 23, 2009

0 Comments

RESPA/Regulation X Changes Information Courtesy Of C. J. Coury The U.S. Department of Housing and Urban Development (HUD) has announced significant revisions to the lending requirements under RESPA/Regulation X. These changes impact the Good Faith Estimate (GFE) and HUD Settlement Statements (HUD-1 and HUD-1A) and will be effective with new first mortgage applications taken on or after January 1, 2010. These important regulatory changes will place new requirements on lenders to ensure that borrowers are better positioned to understand their mortgage transaction. Following is an overview of the four key changes associated with the new Regulation X requirements. 1. Good Faith […]

Appraisal Reconsideration Requests By C. J. Coury

Tuesday, September 29, 2009

0 Comments

Appraisal Reconsideration Requests – How To? By C. J. Coury In accordance with the new Home Valuation Code of Conduct (HVCC) lenders are no longer allowed to select the appraiser or question them on their evaluations. While this will certainly all but eliminate fraud in the evaluation process it has caused some new concerns for lenders and Real Estate professionals. Any time change occurs in our lives there is a certain learning curve that takes an unspecified amount of time to run its course. The HVCC is one of those changes that we must learn to navigate around while the […]

Free Weekly Homebuyer Workshops Conducted by Blue Skye Lending

Monday, September 21, 2009

0 Comments

Blue Skye Lending Sponsors Free Weekly Homebuyer Workshops.   COME FIND THE ANSWERS TO YOUR QUESTIONS

CJ Coury Understanding HVCC Appraisal Independence

Sunday, August 30, 2009

0 Comments

Understanding HVCC  By C. J. Coury As you all know, the Federal government has now implemented the Home Valuation Code of Conduct (a.k.a. Appraisal Independence) and all lenders must adhere to it if they are going to sell the loan to Fannie Mae or Freddie Mac. The rules, regulations and requirements do not apply to FHA or VA loans. The pressure that appraisers felt to hit a predetermined figure when appraising real estate is what ultimately led to this momentous change for our industry. We now must work our way through some new routines while we develop a clear understanding […]

Under Promise And Over Deliver By C. J. Coury

Saturday, August 1, 2009

0 Comments

Under Promise And Over Deliver By C. J. Coury I am sure that you have all heard the phrase “Under Promise and Over Deliver” and that you do your best to live by it. However, some times we don’t recognize the opportunity to follow this sage advice when it presents itself. The current market is presenting us all with one of those opportunities right now – Setting Proper Expectations. I recently received several requests from REAL Magazine contributors and readers to once again stress the importance of reducing preventable stressful situations by setting the right expectations at the beginning of […]

Why Are We Still A Declining Market? By C. J. Coury

Wednesday, July 1, 2009

0 Comments

Why Are We Still Considered A “Declining Market”? By C. J. Coury Many of my Mortgage Loan Officers and REALTOR® acquaintances have asked me this question lately. The primary reason for their inquiry seems to be the fact that Fannie Mae and Freddie Mac eliminated this damaging and self-fulfilling moniker months ago. While that is true, the fact that these agencies no longer consider this classification a requirement in setting their loan to value ratios the problem persists. The primary enforcers of the “declining market” designation are the Mortgage Insurance Companies. This is why the additional 5% down payment requirement […]

How Do I Finance This Condo By Steven Greenberg

Sunday, May 24, 2009

0 Comments

We are all aware that the underwriting guidelines for purchase-money financing have become very restrictive due to the economic downturn and the subprime lending debacle. As difficult as it is to obtain financing in the current economic environment, purchase-money financing for condominiums has become particularly troublesome. This article will address some of the issues facing buyers of condominium units needing purchase-money financing.

Homeowner Affordability Plan By C.J. Coury

Sunday, May 24, 2009

0 Comments

I have been asked by many real estate professionals to clarify some of the key points of the new refinance mortgage loan available under the provisions of the Homeowner Affordability and Stability Plan (HASP). As all of you have customers who could benefit from this program it is important that you completely understand a few of the factors that determine eligibility.

Featured Properties

Ads

REAL HAPPENINGS

Just Listed 1621 Edith Esplanade - Cape Coral, FL

Just Listed 1621 Edith Esplanade - Cape Coral, FL

JUST LISTED - Waterfront - Zoned 1-15 Units Presenting 1621 Edith Esplanade - Cape Coral, FL - De[...]
Forbes Magazine Honors Aimee Cogan

Forbes Magazine Honors Aimee Cogan

Aimee Cogan Named Best-in-State Wealth Advisor. Morgan Stanley announced that Aimee Cogan, a Man[...]
March 18, 2019 Ringling By the Bay

March 18, 2019 Ringling By the Bay

Ringling By the Bay Features SoulRCoaster. Join The Ringling at Bolger Campiello on Sarasota Bay[...]
New College Of Florida Appoints Dean Of Outreach

New College Of Florida Appoints Dean Of Outreach

Bill Woodson, Ph.D., Joins New College. New College of Florida has appointed Bill Woodson, Ph.D.[...]
March 10, 2019 Amelia Island Concours d'Elegance

March 10, 2019 Amelia Island Concours d'Elegance

Sunday's Line Up At Amelia! Click HERE to download the 2019 Amelia Island Concours d'Elegance Fi[...]
March 16, 2019 Yoga - Influencing The Lymphatic System

March 16, 2019 Yoga - Influencing The Lymphatic System

Do You Like Natural Wellness Strategies And Yoga? Join Kim Burns OTR/L CLT for an educational wo[...]
March 2, 2019 Pie In The Sky Open Hanger

March 2, 2019 Pie In The Sky Open Hanger

Join Agape Flights for an Open Hangar on March 2, 2019 from 11:30 a.m. to 2 p.m. It's at the Aga[...]
Friday's Did You Know?

Friday's Did You Know?

Mamihlapinatapai. The word ‘Mamihlapinatapai’ is thought to be one of the most difficult words t[...]
March 16, 2019 Treating With A Lymphatic Influence

March 16, 2019 Treating With A Lymphatic Influence

Do You Like Natural Wellness Strategies And Yoga? Join Kim Burns OTR/L CLT for an educational wo[...]
March 1, 2019 Details & Red Delights

March 1, 2019 Details & Red Delights

Dabbert Gallery Opening Reception With Barbara Krupp. Friday, March 1, 2019, 6:00 - 8:30pm Join [...]
March 4, 2019 Ringling By the Bay

March 4, 2019 Ringling By the Bay

Ringling By the Bay Features Paisley Craze. Join The Ringling at Bolger Campiello on Sarasota [...]
March 2, 2019 Bayfront Garden Tour

March 2, 2019 Bayfront Garden Tour

The Ringling Hosts Bayfront Gardens Guided Tour. Join The Ringling for a walking tour of the Ba[...]
March 3-9, 2019 Sarasota Jazz Festival

March 3-9, 2019 Sarasota Jazz Festival

Everything You Need To Know About The 39th Annual Sarasota Jazz Festival. DATES: March 3-9, 201[...]
Pete Conry Joins S&S Motorsports

Pete Conry Joins S&S Motorsports

S&S Motorsports Brings On New GM/Partner. S&S Motorsports announced the addition of Pete Conry a[...]
The DeMarcay Unveiled

The DeMarcay Unveiled

18 Story Luxury Condo On Palm Avenue Debuts In New Sales Gallery. VIP invitees experienced eleva[...]
Tropical Sands Accommodations Retained By Jamaica Royale

Tropical Sands Accommodations Retained By Jamaica Royale

Jamaica Royale Selects Tropical Sands Accommodations For Association and Rental Program Management. [...]
REAL Web Blast 1621 Edith Esplanade - Cape Coral, FL

REAL Web Blast 1621 Edith Esplanade - Cape Coral, FL

Presenting 1621 Edith Esplanade - Cape Coral, FL - Development Opportunity. Waterfront - Zoned 1[...]
March 3-9, 2019 Sarasota Jazz Festival

March 3-9, 2019 Sarasota Jazz Festival

See All The Jazz Performances Or Pick And Choose. For more information and/or tickets click HERE[...]
February 23, 2019 Beertopia

February 23, 2019 Beertopia

Gold Coast Eagle Distributing's Premier Event - Beertopia 2019. The 11th annual Beertopia celebr[...]
March 30, 2019 Beer Bands And BBQ

March 30, 2019 Beer Bands And BBQ

5th Annual Event Hosted By Music Compound. Music Compound will host the 5th Annual Beer, Bands, [...]
Translate »