Phoenix Real Estate Professional

My Posts/Listings

Appraiser Independence?

Federal Reserve Proposal Comment regarding Docket No. R-1394 and RIN No. AD-7100-56: Post your own comments to the Fed:  http://bit.ly/fJ3lkW Just because someone has an appraiser’s license does not mean they are knowledgeable, ethical or moral nor good at what they do.  Therefore, the “judgments” of these people are not infallible and Appraisal Management Companies (AMC) seem to just be... [Read more]

A Look At Keynesian Economics

For those of you not familiar with Keynesian economics or what a licensed mortgage loan originator does with their “free time”, then this is for you.  In short, licensed mortgage professionals find ourselves studying economic news and essentially becoming economists in order to try and determine the best time to lock a loan.  As a result, some of us will develop a professional political-economic... [Read more]

Restore Housing Petition – Please Sign

Petition to Restore Credibility and Sensibility to America’s Residential Valuation System Purpose: To restore credibility and sensibility to the home valuation system in America. Background: On May 1, 2009, the Federal Housing Finance Agency (FHFA), along with the GSE’s, adopted the Home Valuation Code of Conduct (HVCC), in an agreement with the NY Attorney General. HVCC has crippled the residential... [Read more]

Very Important Update Regarding FHA Financing

Here is the latest information on FHA Mortgage Insurance increases: FHA publishes MIP changes ( http://bit.ly/acon4I ) Main points: Effective for case numbers assigned on or after October 4th, the new MIP structure will be implemented. Upfront premium will be 1% for all forward mortgages (purchases and refinances including streamlines) Annual premium Over 15 year terms 90 bps for LTVs over 95% 85... [Read more]

Wouldn’t you do your taxes with a CPA if it was the same price as Turbo Tax?

Is YOUR loan originator licensed?  Find out here: NMLS License LookupI am sure you have heard about this by now, but if you have not let me share again. Effective July 1, 2010 all Mortgage Bankers and Mortgage Brokers in the State of Arizona were required to have their loan originators licensed. Now based on an exemption in the laws the big Interstate Chartered Banks do not require their... [Read more]

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... [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... [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 →

HVCC Petition Update

On Wednesday 11/18/2009 the guys from Think Big Work Small, Frank Garay and Brian Stevens, will be joined by Martk Savitt, past president of the National Association of Mortgage Brokers to deliver the HVCC petition to Andrew Cuomo’s office in New York and will be covered by the media in an effort to change or eliminate the HVCC that has caused home values to drop, extended closing dates and basically... [Read more]

YourWayHomeAZ

YourWayHomeAZ Arizona has received approximately $121 million in federal grant money that has been distributed to various cities in Maricopa and Pima counties.  Some of them are purchase assitance programs which are very different from some of the down payment assitance prgrams available as well. Your Way Home AZ is the one-stop location for purchasing foreclosed homes through the state, county and... [Read more]

Next Page »