Fannie Mae and The Wild West

So because Fannie Mae is now hurting for money, they’re increasing their costs. So the borrowers who are on higher ground now probably need to pony up a 25% down payment to compensate for the fees and the shame of an 800 FICO.

And in addition to this travesty, the instrument our Fannie Friends are using to perpetuate this latest infraction of civility is yours truly and other mortgage lenders by making us put on the black hats and knock the townspeople around with these inflated costs.

Florida Mortgages: We Need to Be Weather-Proofed

But putting shock absorbers into place that can move when the market fluctuates gives us the infrastructure that will get us the farthest. In the mid 2000’s, we travelled to an insanely crazy place in this mortgage industry where the contest at that time seemed to be that the Florida mortgage lender who could ask for the least documentation and the smallest shred of evidence that a borrower was a low risk candidate would win the day. But we all know who lost on those deals; the unassuming buyers who were blinded by the American Dream and smarmy sales talk.

Florida Mortgages and The Real Estate Puzzle Event January 25th

The Florida real estate and Florida Mortgages market is crazy right now! According to all estimates, Florida ranks on the top real estate lists for all the wrong reasons, falling prices, foreclosures, defaults and more. Where can you go to get some REAL answers? We are here to help with the Florida Real Estate Puzzle… Continue Reading Florida Mortgages and The Real Estate Puzzle Event January 25th

Florida Mortgages and Shouting Atop a Condo Roof!

Again, you’d think this should be the norm; but when I see these low percentages of condos that are getting closed, it’s not always the reluctant lenders that are causing problems in this market, a lot of times it’s the slackers. Hate to say it, but it’s true.

At the end of the day, when you do your job, you don’t get stranded on the Island of Misfit Toys.

Florida Mortgages and Food Drives

I know that on Christmas morning my kids are going to be smiling and surrounded by streamers of shredded wrapping paper and all their gifts and then we’ll spend that whole weekend feasting on our favorite foods and playing all the cool new video games. I’m hoping to make my contribution to other families in at least this small way and to help the good people of Metropolitan Ministries who give back to those in need all year long. Merry Christmas everybody!