Gabe Libutti McLean Mortgage Corporation

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Mortgage and Lending - McLean Mortgage Corporation - NMLS#504917
FHA, VA, Jumbo and Conventional Mortgage expert!
9% of all home loans are delinquent Mortgage lenders say the flood of foreclosures has not yet crested. Highwater mark should come this fall. NEW YORK ( -- The number of Americans who have fallen at least 30 days behind on their home loan payments inched up slightly between the first...
IndyMac's mortgage struggle Bank's new owners are required to adjust mortgages to get government aid. But getting a modification is not easy, borrowers and housing counselors say. NEW YORK ( -- Five months after securing a sweet deal to buy IndyMac Bank, the new owners say they are f...
Housing starts, building permits dip Permits also decline in government report, but single-family construction shows signs of strength. NEW YORK ( -- Initial construction of U.S. homes edged lower in July following a surge in the previous month, according to government figures releas...
Banks still reluctant to lend Fewer banks tightened lending standards in the past three months, but loans are still tough to come by. Banks said this won't change until next year at the earliest. NEW YORK ( -- Loans for consumers and businesses remained tough to come by over the past...
Even with: 50 States to lend in due to national licensing Strength of a Federally Chartered Bank with plenty of money to lend Historically Low rates today. 5% FHA and 4.875% Conventional 15 years experience and a monster book of business to tap into.   My phone is not ringing off the hook.  I wou...
Foreclosure plague: No cure yet The housing market is still sick, with a record number of foreclosure filings posted in July. Big cities: Big changes in foreclosure rates Of the country's 20 largest cities, these six posted the fastest year-over-year growth and decline in their foreclosure rates ...
Foreclosures: How bad is your city? Foreclosures are easing in some of the worst hit metro areas, but watch out for the next wave of filings to start crashing in unexpected cities. Hot or not? Where foreclosures are heating up -- and cooling off -- in the 20 biggest U.S. cities. Rank Metro area F...
Home prices fall a record 15.6% Year-over-year prices may have fallen at a record pace, but there are signs of improvement. NEW YORK ( -- Median home prices fell a record 15.6% during the three months ended June 30, compared to the same period in 2008, according to an industry report...
The incredible shrinking home The size of newly built homes fell in 2008 for the first time in almost 15 years. Is the McMansion era on the wane? NEW YORK ( -- For the first time in almost 15 years, the size of new homes built in the United States is shrinking. New homes are now 7% s...

Gabe Libutti

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Gabe Libutti with Mclean Mortgage.