The Summit County Mortgage Source

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Mortgage and Lending - JBerman Group
RECENT BLOG POSTS
We strive to extend the opportunity of homeownership through responsible lending. Folks discount their ability to buy a home when they have had credit issues in their past. However,  affordable home loans are available through our "Low Fico" HomeBuyers program. Some details ... FHA 580-639 FICO P...
03/02/2011
Today I received notification from Wells Fargo that they are pulling out of the Reverse Mortgage program, but only for wholesale. Meaning they are closing the conduit for brokers to submit reverse mortgage loans. Makes sense. Why offer a niche product to your competitors when you can keep the mar...
03/01/2011
I know that many appraisers fought hard to get the rule below enacted. It's funny to me as I don't see much in the rule that isn't already implied in the role of an appraiser. An appraiser shouldn't allow themselves to be unduly influenced. But some did and instead of admitting wrong, they place...
02/28/2011
A brief update on REBlogWorld plans for 2011. As many are already aware, BlogWorld New Media Expo is expanding. This year BlogWorld has added a 2nd event to the schedule. It will take place in New York City on May 24-26, 2011. Last week, BlogWorld also announced that they will be moving their Las...
02/27/2011
Highlights from today's Summit Daily article on the 2010 census data.  "Summit County's permanent population swelled to more than 27,000 people, approximately 15 percent higher than 2000 census counts.  The Summit County population has aged slightly since 2000, with a current median age of 33 — u...
02/25/2011
Have a unique situation? Commercial Loans 203k Loans Loan amounts to $5,000,000 Vesting Title in Entities LLC's, Trusts, Partnerships, & Sub Corporations Pledged Asset Loan Program up to 90% Loan to Value No Limits on Acreage   Now the variables above aren't weird per se but each twist is more ch...
02/24/2011
January 2011 This Month Prior Month Year Ago Active 4,176 4,316 4,435 Under Contract 633 560 807 Sold 432 602 512 Average Sold Price $150,085 $166,841 $157,701 Months Supply 9.67 7.17 8.66 *Based on information from Metrolist, Inc. for the Denver housing market for the period 1/1/11 to 1/31/11. ...
02/23/2011
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Couple of thoughts today. Just read Presidents Day: A Time to Remember the Greats and thought it was worthy of sharing here. The funny thing about holidays as they tend to be very busy days for real estate agents to show homes. Typically when people are off of work they are able to view homes so ...
02/21/2011
Hey Colorado Real Estate Agents - It's a purchase market now. Time to put programs like the FNMA HomePath loan to work for you and your buyers. Have you heard about the FNMA HomePath Loan? Here are the highlights: No Appraisal No Mortgage Insurance No Condo Questionnaire (As long as the condo is ...
02/19/2011
Borrower Paid Compensation When a loan officer chooses to be compensated by the borrower(s), they must negotiate their fees and origination points directly with the borrower.  Here are the rules: The fees must comply with State and Federal regulations and cannot exceed any high-cost or Agency lim...
02/17/2011
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Jason Berman

Summit Countynulls Mortgage Guy
local_phone(970) 455-4131
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