Even on the San Francisco Peninsula, short sales do occur.
A short sale occurs when the existing loan balance on the property is greater than the value of the home.
The property is placed on the market and an offer is obtained which is accepted by the owner subject to the lender’s approval. The lender’s approval must […]
Entries Tagged as 'Real Estate Finance'
Good information for owners considering a short sale
July 14th, 2008 · 2 Comments
Tags: Short Sales · Credit Information · Real Estate Finance
Current loan underwriting standards
June 30th, 2008 · No Comments
Much has been written about how the new loan underwriting standards make it more difficult for buyers to qualify for mortgages.
I have two different buyer clients who are currently being impacted by these new standards.
Both are single professional woman who are looking to buy their first homes.
The first has a sales position where her compensation […]
Tags: Real Estate Finance · Real Estate
Weekly Mortgage Update
June 30th, 2008 · No Comments
Linda Lunsman of Princeton Capital writes:
“I NEVER WORRY ABOUT ACTION, BUT ONLY ABOUT INACTION.” ~ Winston Churchill. These words proved especially true last week, as the big story was the Fed’s lack of action following their recent meeting, or decision to leave the Fed Funds Rate unchanged - but is the Fed’s decision a cause […]
Tags: Real Estate Finance · Real Estate
Fed leaves rate unchanged - what will happen with mortgage rates?
June 25th, 2008 · 1 Comment
CNN reports that the Federal Reserve Board leaves its key short-term interest rate unchanged. By a vote of 9-1, the Fed decided to leave the rate at 2%. The sole dissenting vote was from the Dallas Federal Reserve Bank President, Richard Fischer, who voted for an increase.
It is unclear what this decision means for real […]
Tags: Credit Information · Real Estate Finance · Real Estate Data
Mortgage Update
June 2nd, 2008 · No Comments
Linda Lunsman of Princeton Capital writes:
“INFLATION IS AS VIOLENT AS A MUGGER, AS FRIGHTENING AS AN ARMED ROBBER, AND AS DEADLY AS A HIT MAN.” ~ Ronald Reagan. And although you might not describe the effects of inflation in such strong terms yourself…rest assured that the effects of inflation have crept into your home, your […]
Tags: Real Estate Finance
Mortgage Update
March 17th, 2008 · No Comments
Linda Lunsman of Princeton Capital, a real estate mortgage lender, provides the following information:
“JUST WHEN I THOUGHT I WAS OUT…THEY PULL ME BACK IN.” Al Pacino in the 1990 film, The Godfather III And if Bonds and home loan rates thought they were out of the days of volatility…they got pulled right back in, as last […]
Tags: Credit Information · Helpful Sites · Real Estate Finance
Mortgage Market Update
March 10th, 2008 · No Comments
Linda Lunsman of Princeton Capital writes about a wild crazy ride (UPWARD) for mortgage rates last week.
”I’M GOING OFF THE RAILS ON A CRAZY TRAIN…” OZZY OSBOURNE And speaking of going off the rails crazy…Bonds and home loan rates just experienced one of the most volatile, crazy weeks ever seen, with fixed home loan rates rising […]
Tags: Credit Information · Real Estate Finance
Weekly Mortgage Update 2-16-08
February 16th, 2008 · No Comments
Linda Lunsman of Princeton Capital writes:
Last Week in Review
“CUTS LIKE A KNIFE, BUT IT FEELS SO RIGHT” Bryan Adams And financial pros will tell you it’s wise to never try and catch a falling knife. Seems like decent advice in general - but in the financial world, it means that when the price of […]
Tags: Real Estate Finance · Real Estate Data · Real Estate
Fannie Mae Freddie Mac loan limits have been increased !
February 8th, 2008 · No Comments
Matt Carter of Inman News reports that both houses of Congress have passed an economic stimulus package which includes raising the conforming loan limit substantially. It is believed the new limit in California will be $729,750.
I think we will need a few weeks to let the “dust settle” before it becomes clear exactly how the […]
Tags: Pending Legislation · Sub-Prime Mortgage Issue · Real Estate Finance · Real Estate
Increase in Conforming Loan Limit may be in Doubt
January 28th, 2008 · No Comments
Inman News reports that the conforming loan limit agreement passed in the House of Representatives may run into opposition from Sentate Republicans.
Stay tuned for up to date information on this current legislative action.
Tags: Credit Information · Real Estate Finance · Real Estate