Archive for January, 2008
Rates for Jumbo Loans Coming Down?
Here is some good news for consumers with loan balances above the current conforming limit up to 625k. Congress talking seriously about raising that limit to 625K or 700k in some areas. So underwriting guidelines ease and pricing gets better. http://www.inman.com/hstory.aspx?ID=65896
Share on Facebook
Refinancing and Lead Volume – What have the past two days told us?
Tuesday, Jan 23rd, the day of the surprise Fed rate cut, set a record for the most leads received from a national online mortgage exchange at RMC Vanguard in a single day. Then on Wednesday, we set another record.
This tells us many interesting things as it relates to consumers, the pervasiveness of information, technology, the state [...]
What is Mortgage Insurance?
Mortgage Insurance is something you might be hearing more about. I thought I’d briefly explain what it is, what it is not, and how it can help you in today’s mortgage market.
What is Mortgage Insurance?Known as MI, or PMI, (private mortgage insurance) mortgage insurance allows more people to purchase or refinance a [...]
Our thoughts on the Countrywide Bank of America Merger
There has been quite a bit written in the press over the past few days about Countrywide Financial Corp. People love to hate Countrywide, especially Wall Street.
We have sold closed loans to Countrywide for several years and we have one of our warehouse lines of credit (used to fund loans) with them. I thought it would [...]
How to Find a Great Realtor® and Get Cash Back at Closing!
One of the best value added programs we offer as a Lending Tree lender is access to the RealEstate.com “Find A Realtor” program. It’s not a requirement that your loan inquiry be forwarded to RMC Vanguard through Lending Tree to qualify for this program.
The Find-A-Realtor program is designed to introduce prospective buyers and [...]
