First post of 2010
We all have high expectations whenever a new year is born.
Home » December 31st, 2009
Entries posted on “December, 2009”
Reflect to Now
I was visiting with a friend who
MDA DataQuick: Las Vegas November Home Sales
Las Vegas-area home sales dipped last month from October but rose sharply from a year earlier as new-home deals spiked. The rise in sales of newly built homes helped push the overall median sale price up from October, but the median paid for existing houses and condos didn’t budge from the month before and remained well below last year, a real estate information service reported.
Foreclosure resales remained a big part of the Las Vegas housing market but continued their gradual, months-long decline, according to MDA DataQuick of San Diego. The firm tracks real estate trends nationally via public property records.
In November, 64.2 percent of the Las Vegas-area houses and condos that resold were foreclosure resales, meaning those homes had been foreclosed on in the prior 12 months. That was down from 66.8 percent in October and down from 68.1 percent in November 2008. Foreclosure resales peaked in April this year at 73.7 percent of the region’s resales, and have since declined each month.
Applied Business Software supports Loan Originators through RESPA compliancy
LOS ANGELES, Calif., December 29, 2009 – Applied Business Software (ABS), the developer of The Mortgage Office™, the leading loan origination and servicing software, announces an impressive software update that will aid loan originators with RESPA regulations. The Mortgage Office ™ software update now calculates and prints federally compliant documents.
Effective January 1, 2010, The Real Estate Settlement Procedures Act (RESPA) will enforce the largest sweeping change to the process of loan originations since 1974. As a result, loan originators will be required to generate several new forms, including a revised Good Faith Estimate, Disclosure of Key Loan Terms, Closing Costs and Yield Spread Premiums as well as a revised HUD-1 Settlement Statement. The new statue is meant to help home buyers by disclosing surprise closing charges and fees, overall making the process more transparent for the buyer.
Successful Goals for 2010
I just completed my article for the upcoming February issue of TNR.
Happy Holidays and a Happy (?) New Year! Where is the PAIN!
In maintaining that I am a gentleman and a man of honor, I should politely extend best wishes to all for a blessed, happy, prosperous and healthy holiday season.
Tips, Tips, Tips!
If blogging is the new bandwagon to jump on, then this must be a
Inlanta Mortgage Reminds Homebuyers about $6,500 Move-Up Tax Credit on Single-Family Homes
Waukesha, Wis., December 22, 2009 – Inlanta Mortgage is reminding potential, qualified homebuyers about the move-up $6,500 tax credit that expires on June 30, 2010. In order to qualify for the tax credit, a signed contract must be completed by April 30, 2010.
“There has been a lot of emphasis on the first-time homebuyer tax credit. However, there is also a tax credit for those who have lived in their homes for more than five consecutive years and want to buy a different house. This program encourages homeowners to upgrade or move into another property and helps keep the home inventory as low possible,” said Jim Krantz, Director of Business Development at Inlanta Mortgage.
Great Lakes Financial Group, LP Announces the Addition of New DC Area Loan Originator: Allan Rugg
cleveland, oh, DECEMBER 16, 2009: Great Lakes Financial Group (“GLFG”), a downtown Cleveland-based multi-family real estate lender, is pleased to welcome Allan Rugg to the Company. Allan joins GLFG’s Production Team as a Loan Originator of Freddie Mac and HUD for the DC and eastern states areas. The addition of Allan to the Production Team represents continued and consistent growth in this turbulent commercial real estate industry.
Allan, who was recruited for his extensive production experience, business integrity and work ethic, brings a great deal of talent to GLFG. “This was an outstanding opportunity that I simply could not pass up. Great Lakes Financial Group will allow me to grow in my production capabilities in the loan origination market. I am very excited to be here”, notes Allan.
Prior to joining GLFG, Allan was Vice President/Loan Originator of Amerisphere and was responsible for the eastern states origination of multi-family construction and permanent mortgage loans. Prior to Amerisphere, Allan was a Vice President/Loan Originator at Evanston Financial Corp.
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