Buying Prescott Commercial Real Estate

. . . → Read More: MLS 931442

Effective December 12, Fannie Mae is lowering their maximum allowable debt to income ratio for borrowers.  Their current 55% maximum will be lowered to 45%.  A debt to income ratio is determined by taking a borrowers monthly debt (PITI mortgage payment + Auto Payments + Student Loan payments + Minimum payment on . . . → Read More: Smart Mortgage Update

Rate Lock Advisory – Sunday Nov. 22nd

This holiday-shortened week brings us the release of seven relevant economic reports for the markets to digest. All of the week’s data . . . → Read More: Weekly Rate Lock Advisory

Here is some good information on the new home buyer tax credit.

First Time Home Buyer Tax Credit

·         A First Time Home Buyer is defined as someone who has not owned a Primary Residence in the past 3 years

·         Once you marry a homeowner you . . . → Read More: Here is some good information on the new home buyer tax credit.

I was sent an email the other day with the following. Please read all the way through. This in not scare tacticts just scary.

JAIL FOR NO INSURANCE UNDER PELOSI BILL

The nonpartisan Joint Committee on Taxation reported that the House version of the health care bill specifies that those who don’t buy . . . → Read More: YOU COULD BE A JAILBIRD IF…

I know this is funny, but what sales skills…nice.

Posted By Prescott Real . . . → Read More: Man Stroke Woman – Estate Agent

By COREY BOLES and JOHN D. MCKINNON

WASHINGTON — Senate negotiators reached a tentative deal to extend a tax credit for first-time home buyers, but its passage remains uncertain.

The agreement would extend the existing credit for first-time home buyers, worth up to $8,000, while offering a new credit of up to $6,500 for some existing homeowners, . . . → Read More: Tax Credit

Last Week in Review

"THE DEVIL IS IN THE DETAILS…" Or so the famous saying goes. And when it comes to really understanding the various reports and events unfolding in the economy, it’s important to take a look at the details – . . . → Read More: Time to Read Between the Lines

Interesting perspective from someone who knows.

Is The FDIC Killing Short Sales?

As some of you already know, I blogged recently about being interviewed recently by our local NBC news affiliate. 

Basically, IndyMac Bank (now OneWest Bank), is holding one of my clients hostage, demanding a $75k promissory note, . . . → Read More: Is The FDIC Killing Short Sales? PLEASE READ-MICHAEL DOUGHERTY

Loads of Upgrades (556550)
Posted By Prescott Real . . . → Read More: Loads of Upgrades (556550)

There were few major surprises in the economic news this week, and littlechange in the stock market. While there was a great deal of dailyvolatility, mortgage rates ended the week nearly unchanged. A flood ofhousing market data was released during the week, and most of it reflectedimprovement in the sector. The biggest unexpected news came . . . → Read More: Existing Home Sales Surge

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Theron Wall Branch Manager 3615 Crossings Dr, Suite A . . . → Read More: Inside Lending Newsletter From Theron Wall

Interest rates jumped a bit this week as the stock market has rallied.  The industry standard for Jumbo loans these days has become a 25% down payment.  While Jumbo ARM’s still carry competitive rates, it is hard to find 30 Year Fixed Jumbo under 6%.  Jumbos also carry higher fico requirements (typically . . . → Read More: Smart Mortgage Update

For the week of Oct 12, 2009 — Vol. 7, Issue 41

Last Week in Review

"LISTEN TO WHAT THE MAN SAID." And those aren’t just the words from Paul McCartney’s hit song of the same title…they’re also words of . . . → Read More: Fed Chairman Gives Feedback

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Theron Wall Branch Manager 3615 Crossings Dr, Suite A . . . → Read More: Inside Lending Newsletter From Theron Wall

This may be some good news for first time home buyers.

NY  Times is reporting on the possible expansion of the housing tax credit to existing homeowners…..

October 8, 2009

Democrats May Extend Tax Credit for Homes

By JACKIE CALMES

WASHINGTON — Democratic Congressional leaders are working with the White House to extend an expiring . . . → Read More: Good news for first time home buyers, Expanding Tax Credit Possibility

Welcome to WordPress. This is your first post. Edit or delete it, then . . . → Read More: Hello world!

Last Week in Review

"WORK, WORK, WORK…IT’S A LABOR OF LOVE." The words to Sammy Kershaw’s country song sound pretty good right now to a number of Americans…much better, in fact, than the recent employment numbers do.

Last week, the Labor . . . → Read More: Jobs Report Shows No Love for Labor

You are receiving this email because of your affiliation to the Arizona Association of REALTORS®

Volume I / Issue XIIII

October . . . → Read More: Legislative Update

Rate Lock Advisory – Sunday Oct. 4th

This week brings us only one monthly economic report for the markets to digest and it is not considered to . . . → Read More: FW: Weekly Rate Lock Advisory

FHA Property Flipping RulesOn June 9, 2008, FHA temporarily waived the property flipping rule 90-daywaiting period, for homes that were foreclosed on and being sold by lendersor by property disposition firms on the behalf of lenders.  The temporaryproperty flipping waiver has been extended to include purchase contractsexecuted on or before May 10, 2010.  There are some exceptions . . . → Read More: FHA WAIFVES "FLIPPING" RULE, 90 DAY WAITING PERIOD FOR FORECLOSED HOMES

"BE WILLING TO MAKE DECISIONS." General George Patton. And that’s exactly what the Fed did last week at their regularly scheduled Federal Open Market Committee meeting. But just what did they decide…and what do their decisions mean for home loan rates?

The Fed said they . . . → Read More: Fed Decision Shakes Things Up

Volume 15, Number 36

Economic Highlights for the Week Ending September 25, 2009 . . . → Read More: WEEK IN REVIEW

Rate Lock Advisory – Sunday Sep. 27th

This week brings us the release of six relevant economic reports for the bond market to digest. There is nothing of importance . . . → Read More: Weekly Rate Lock Advisory

For the week of September 28, 2009 – Vol. 7, Issue 39

>> Market Update 

INFO THAT HITS US WHERE WE LIVE  Well, it had to happen. After a four-month winning streak, Existing Home Sales dropped in August by 2.7% to an annual sales . . . → Read More: Inside Lending Newsletter From Theron Wall