HUD Comment Period: “Required Use” Affiliated Business Arrangements

<<< Call To Action >>> Please take some time to comment to HUD during the comment period on “Required Use”.  I would also recommend reading this extremely informative blog from Bob Willett of Sacramento, CA: http://sacrelender.com/?cat=41 From National Association of Independent Housing Professionals (NAIHP): Affiliated Business Arrangements: “As many of you know, RESPA Reform originally contained a provision prohibiting the “required use” of specific settlement... [Read more]

Price Reduction? Maybe…

This blog is brought to you in part by:  www.AZRealtorAdvantage.com This particular blog post is directed at real estate agents but I’m sure that anyone, including sellers, can see the logic!  And…I think we can all agree that 90% of marketing a piece of real estate in today’s housing market is coming on the market with a good, competitive price.  Therefore is it crucial for real estate agents to have a plan, up front, for making price reductions with their sellers. With that... [Read more]

New Listing Presentation For Agents

Be sure to check out the latest in online property marketing technology!  Then comment below and tell me what you think. Watch the presentation at: www.AZRealtorAdvantage.com Brought to you by Spencer Anglin, NMLS# 226533 Is YOUR loan originator licensed? Find out here:  License Lookup www.SpencerAnglin.com 602-705-6293  Read More →

Is Your Loan Officer Licensed?

The deadline for AZ Loan Officers to be licensed is 7/1. Is YOUR Loan Officer licensed??? Click Licensing Lookup to see. With the Briggs-Lang Team, you can be confident  you are working with Licensed Loan Officers. Integrity, Knowledge, and Experience – put our team to work for you and your clients www.IntegrityAZ.com  Read More →

Mortgage Industry Update: Rates, News & More

***Weekly Mortgage & Business Update June 4, 2010*** How I see it $:  Since so much of what happens in the U.S. is influenced by the rest of the world I thought I’d provide a few headlines from the week. The French Budget Minister said last weekend that maintaining France’s AAA rating is a “tough objective”. Monday the ECB said the potential loan losses for its banks could be as much as $240 billion in the next 18 months. Tuesday the Chinese Central bank said its housing problems are... [Read more]

Mortgage Industry Update: Rates, News & More

***Weekly Mortgage & Business Update May 28, 2010***                                                                                                  How I see it $:  The crisis in Europe continues over fears that one or more Euro-zone countries could have to restructure its debt or even default. One country in the spotlight this week is Spain and especially the stability of its banking industry.... [Read more]

Mortgage Industry Update: Rates, News & More

***Weekly Mortgage & Business Update May 21, 2010*** How I see it $:  I don’t want to sound like an alarmist but what is happening in Europe scares the heck out of me. While there was some short term relief after the IMF and EU committed to a bailout package the enormous European debt load has been increased. Earlier this week the Euro against the dollar sank to a level not seen since before Lehman Bros. collapsed and it is quite evident that the bailout package did not relieve investor concerns.... [Read more]

Mortgage Industry Update: Rates, News & More

***Weekly Mortgage & Business Update May 7, 2010*** How I see it $:  This week there were several important events that impact all of us and I feel like some extended commentary is appropriate. To see how dramatic the week was you may want to check out Key Indicators below.  With all the talk about sovereign debt you may want to check out Statistics of Interest/Concern below. The tease is that as a percentage of GDP (the total of ALL the goods and services an economy produces) the U.S. is at... [Read more]

Mortgage Industry Update: Rates, News & More

***Weekly Mortgage & Business Update April 30, 2010*** How I see it $:  Another more contemporary Greek tragedy has played out this week and with any luck may be resolved by Monday. Early in the week the Greek financial rating was downgraded to below investment grade. The downgrade set off a series of events that will lead to severe austerity measures for Greek unions and the people at large. A bailout package of about $130 billion has been proposed which will keep Greece from defaulting on... [Read more]