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High interest rates and their connection to oil...
Should the government stay out of our affairs?
What do you think the FED is up to?
The Importance of Taking an Accurate Application... Avoid surprises down the road!
A Unique Little Economy...
Lake City Mortgage is Now Offering The Lake City Home Express!
I don't want interest rates to go down... I want people to get jobs!
Individually qualifying each person.
PMI is going, going, and gone for some people...
Is a Money Merge Account Right for You?
It's all about past performance... Not all brokers are bad!
Financial Institutions Pare Lending
LLPA, and what this means for you...
Important updates to the site and my ability to serve...
Own a Piece Of History!
BAO made a great decision...
Ready To Go Shopping?
There No Such Thing As Free!?... Yeah Right!
Adirondack Luxury Style Chalet!
Government cash injection and the dangers ahead...
Most Read
Prime Waterfront Business Opportunity!
680 for 100%, FHA finally has a true purpose...
Mortgage rates are goin' up, and I'm lookin' forward to it!
Welcome to lakecitymtg.net
Genworth has still got the goods...
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It's all about past performance... Not all brokers are bad!

I'm not putting any flashy pictures or exotic text in this post I just want to point something out. I saw a news broadcast recently that focused on the lack of ethics within the "mortgage broker" community. the entire hour long broadcast talked about the economic turmoil that we are in and blamed mortgage brokers.

The people (so called analysts) on the screen... Read More

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Financial Institutions Pare Lending

Many financial institutions in this nation are required to maintain "reserves" in order to hold onto certain credit ratings that are a requirement of doing business within the financial sector. The requirements vary depending the the type of business being conducted. Mortgage brokers for instance are required to hold a $100,000.00 bond in order to legally stay in... Read More
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LLPA, and what this means for you...

LLPA or "Loan Level Price Adjustments" are adjustments that Fannie Mae and Freddie Mac (or any lender for that matter) may levy against a borrower contingent upon certain conditions being met. What that means is that Fannie & Freddie can take the base rate that is determined by the current market conditions and add hits or upward adjustments to the interest... Read More
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Important updates to the site and my ability to serve...

The first thing that I added that I think it is important to point out is Meebo. Meebo is a great little piece of technology that adds a real dimension of service by connecting me to clients any where in the world. If I am working with someone who happens to be on vacation in Vietnam and has a question really gnawing on his/her thoughts, does not have access to worldwide... Read More
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Own a Piece Of History!

I am in a unique position as a Mortgage Professional. I have the privelage of preview hundreds of pieces of property just as or before they go on the market. One in particular property caught my eye recently as I was perusing the listings of one of my partners listings. John Murphy of http://www.northcountryrealty.com/ has listed a fantastic 4-plex that used to be an art... Read More

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BAO made a great decision...

Regarding their recent decision to purchase Countrywide, America's largest home lender.

There has been much speculation on the topic for good reason. Countywide is a very large financial insitution. If it were to collapse it would be a large chunk of the economy down with it. More than 7% of Cw's Loans are in default.

Personally, I am satisfied with the arrangement. Not only... Read More

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Ready To Go Shopping?

There is a lot that can be said about a good referral. Personally I think that business by way of referral is the only way to go. If my car is broken down I ask my friends who they take their car to. This gives me a good idea of whether or not I am dealing with a reputable professional.

This is true with just about anything that you can think of and especially in the Real... Read More

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There No Such Thing As Free!?... Yeah Right!

I'm Psyched! I just got another Real Estate Firm on board to do a portion of their marketing with me. I guess that it's not a hard sale to get a Realtor to work with me on this project because I am giving hard hitting marketing away for free. Free and I know first hand that many people, especially business people run the other way when they hear that something is... Read More

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Adirondack Luxury Style Chalet!

I frequent areas of interest to me in order to write reviews and provide information on some of the properties that My Realtor Partners have listed in the area. My mother owns two properties; one in Churubusco, NY and her primary in Mountain View, NY.

I recently visited my mother at her camp in Churubusco, NY and since I was so close to one of my Realtor partner's listings... Read More

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Government cash injection and the dangers ahead...

It started at the pump, not the mortgage shop...



And now it is headed toward your wallet and your savings. Ben Bernanke (FED Chairman) announced yesterday (03/11/2008) that our central bank in conjunction with several of the worlds central banks will be pooling together to inject 200 billion dollars into some of our nations struggling lenders in exchange for souring... Read More
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Genworth has still got the goods...

I've written several posts recently on this blog and on others about the state of the economy and the credit crunch that we are all experiencing. The credit crunch is having a huge impact on the mortgage industry. The majority of PMI companies have restricted PMI all together for borrowers with a credit score under 620.
It is becoming very difficult to provide conventional... Read More
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Mortgage rates are goin' up, and I'm lookin' forward to it!

The news happens so fast, it is hard to keep up with it sometimes. This is especially true for the finance industry abroad from credit card companies to mortgage lenders; each day comes with it a new set of challenges and sometimes setbacks reiterating to us all that these surely are "trying times".
There is a tricky and somewhat elusive equilibrium that must be... Read More
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680 for 100%, FHA finally has a true purpose...

And what I mean by that is that FHA is not some kind of a spectacular loan program. It is very useful in certain situations, but most often the best way to go is conventional if you qualify. Conventional offers the best rates and terms avaiable which is why it is reserved for those with good credit and income qualifications.

I get people coming to me all the time who have... Read More

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