Musings and Thoughts from Western Colorado

CountryWide is holding up an offer from one of my clients on a foreclosure.  Are you ready for this because the buyer has not pre qualified with CountryWide.  WOW!!!  My service and rate are better and this is a referral to me from one of my Realtors.  They want to close this month and I can not ...

A booming economy fueled by real estate and a stock market that is over valued?  Low unemployment.  High energy cost.  War in the middle east.  Tightening monetary policy.  Land devaluing? Stock market falling.This is not a scholarly post. You can do a search on "bubble economy Japan" and get man...

  This question arrived in my in box from one of my Realtor partners. (as always my response will be in bold)Joe, just read your blog-had a situation just yesterday that was similar to the situation you describe-you know, credit  score under 620, trying to get 100% financing, working under FHA an...

 Is a raging debate in our office for the last 2 weeks.  The loan officers are not happy that the advertising budget has been sliced and the focus shifted to the loan officer getting out and promoting themselves.  The company has offered to match up to $XXX in the loan officers efforts, but we do...

 Well at least you should be working with a solid mortgage professional.  Why?  Because now more than ever your clients credit score will determine rate and maybe, just maybe they can actually BUY that home they are begging you to show them.  ESPECIALLY if they have very little or maybe no cash t...

 OMG!!!! Is this really the last real business day of 2007? I know Monday is technically a business day,but how many are going to put in their 8 to 10 hours? And with it being for most a 4 day weekend, it is a great time to sit back and reflect on the past year.  Goals accomplished and some we fe...

This morning as I sip my daily triple mocha and browse throughthe normal sampling of marketing blogs, holiday post and listings. I stumbled along this post http://activerain.com/blogsview/319349/What-does-it-takefrom Sally Hardman.  She is looking for the "Holy Grail" for motivating independent c...

I don't know, maybe it is just moi, but there have been some post lately that really hit me on the raw nerve; if you will.  Active Rain is a wonderful and open community and I know there will be misunderstandings and miscommunication, but on one of the post the comment was about YSP (yield spread...

 Well just your commission and a smooth closing.  Now I know a lot of you have been burned by "loan officer promising the Moon come lately" (this is a new Indian name means full of doo doo) and now you want an underwriter to look at the file and issue an approval before you have an accepted offer...

 Ok so I did not get to close this loan, but the client got the best deal.  Here is the story.  This client has an ARM with the lender that recieves their payment and it is scheduled to adjust next month by 3%. Great credit and provable income.  So why did I not close the loan.  Lets just say the...