FHA Cuts Loan Limits

Another Happy Buyer

Agent Flunks The Ethics Test

The Government “Shutdown” and Your Loan

By: Mark Wisterman

Are you more than a little confused about how the current government slowdown will affect your loan processing for the purchase of your home? Well join the crowd!!

Thankfully, I work with a number of quality lenders that serve the Lake Oroville real estate market and the surrounding Butte County markets who are very good about communicating with me when off the wall issues like this occur.

One of these lenders, Tim McCabe of Academy Mortgage, just e-mailed this flyer to me which discusses the impact of the current slowdown on the loan processing by the various government agencies which currently control the mortgage market.

Click here to see the flyer or click on the graphic.

Gov Shutdown


Check back to this site, or see myFacebook business page  for any updates to the situation.
 

 

Enhanced by Zemanta

FHA And The Partial Shutdown

Lake Oroville market, Oroville home sales, butte county home sales, Oroville real estate, homes for sale, Chico real estate, chico home sales, paradise homes for sale, financing, loans, FHA, Oroville real estate agents.

In Case of Government Shutdown

New FHA Rule Just Reversed

Just posted this on our Facebook page.

 

Fed Watch

By: Mark Wisterman

 

My 2013 Photo-Web-Revised

Tomorrow is being heralded as a big day on Wall Street as the Federal Reserve is widely expected to announce that they will begin pulling back from their policy of artificially suppressing interest rates at the current level.

Fed Chairman Ben Bernanke achieved exactly what he set out to do when he rattled the markets in May with talk of tapering. Here’s how:

1. He got the market’s attention that it was not going to go on forever, as some seemed to think, and …

2. He set the stage for very little to happen tomorrow if they do indeed announce the pull back.

Although about the only surprise will be if the Fed continues the current levels of bond purchasing, there are going to be oodles of second guessers, complainers, and Monday morning quarterbacks who will be offering one of following Goldilock’s style complaints:

1. The reduction in bond purchases is too large.

2. The reduction in bond purchases is too small.

3. The reduction should not happen at all because not everything in the economy is “just right.”

Since everyone will have an opinion on this I guess I get to tell you mine:

From a real estate standpoint it is time to end this program, and the sooner the better. Thanks to this program and, the cruddy economy that has also forced interest rates down, the populace has become spoiled and thinks that interest rates above 4.5% are high. The free market must be allowed to function FREELY. That is the ONLYway to have long term health in the housing market.

Enhanced by Zemanta