Kirk Mulhearn's (kirkmulhearn) Blog

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Real Estate Broker/Owner - Prudential California Realty/Gem Mortgage
RECENT BLOG POSTS
Long Beach, CA.  Will 2009 bring economic collapse or will markets begin to mend? Two reliable predictors give hope. First, the spread between LIBOR and Treasury yields, which measures global risk. The spread ended the year tighter than when it began, and far tighter than the extreme levels of la...
01/06/2009
Long Beach, CA.   You might not have caught key details that could have personal impact on you or people you know-now or in the recession months ahead. One of the most ambitious mass-market "loan modification" programs was outlined recently by the Federal Housing Finance Agency-overseer or Fannie...
01/05/2009
Long Beach, Ca.   There is no news today, aside from Construction Spending. Tomorrow we have the Commerce Department's November Factory Orders data. This data gives us a fairly important measurement of manufacturing sector strength, both in durable and non-durable goods, and is expected down 2.6%...
01/05/2009
Long Beach, CA.  In even, "normal" markets, there are always families and individuals that suffer from hardship. According to most investor publications, the default rates should only be between 1-3% in a healthy and normal economy.  However, in the current real estate malaise in Southern Califor...
01/04/2009
Long Beach, CA. There are many consequences to having a foreclosure or opting for a short sale.  A foreclosure is when you let the property, "go back to the bank," a short sale is when you sell the property for less then what is owed on the property.  The following summarizes the potential effect...
01/03/2009
Long Beach, Ca.  What is a "Full Doc" Loan?  In the last two years we have seen an evaporation of almost all "stated income" loans.  These loans enabled home buyers to purchase properties without disclosing their actual incomes.  Partly, because of these types of loans, the sub-prime loan melt do...
01/02/2009
One of the Fastest Ways to Increase Your  FICO® Credit Scores Long Beach, CA.  Please take the time to read the following article on how to improve your credit score.  My friend and Credit Clean-up Professional:  Steve Manos, is one of the most talented fellows that I have ever met in this field....
01/01/2009
Long Beach, California.  I want to wish everyone a Happy New Year for 2009.  Where there is confusion and chaos, there is also great opportunity.   The question that you must ask yourself:  How do you take advantage of market conditions?  Home prices are extremely low and so are interest rates. T...
01/01/2009
Mortgage Rates fall again Long Beach,Ca.  For the third week in a row, 30 year fixed mortgage rates have fallen to record lows while borrowers take advantage and have been making refinance applications soar to the highest levels since 2003.  While the Federal Reserve is about to start directing h...
01/01/2009
Long Beach, California.  I want to wish everyone a Happy New Year for 2009.  Where there is confusion and chaos, there is also great opportunity.   The question that you must ask yourself:  How do you take advantage of market conditions?  Home prices are extremely low and so are interest rates. T...
12/30/2008
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Kirk Mulhearn

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