April 2009 
There are 12 blog entries for April 2009.
HVCC: what this means for Home Owners & Mortgage Brokers
Wednesday, April 29th, 2009 at 3:07am. 65 Views, 0 Comments.
As I understand it, the Home Valuation Code of Conduct (HVCC) was passed to erect a barrier between Loan originators having undue influence on appraisers. Basically the Government is saying that Mortgage Brokers are twisting appraisers arm to inflate values so they enacted this law. As I sit and try to understand this new law here are my initial thoughts:
Operation "Real Estate Valkyrie"
Tuesday, April 28th, 2009 at 3:16am. 99 Views, 0 Comments.
ZZiiieeee Germans get so mad about Pick-a-Payments...
This has been on a bunch of websites but had to keep it going...too funny
FHA Underwriting Guidelines: Fact, Fiction and Urban Legend
Friday, April 24th, 2009 at 3:38am. 537 Views, 0 Comments.
There are alot of misconceptions surrounding FHA within the Real Estate Industry. Especially from people that have been in the industry for a long time. During the height of the "Mortgage Bubble" no one used FHA because of the relative difficulty in closing them. HUD realized this and revamped the program in significant ways in order to make FHA a more competitive program within the marketplace. These modernization efforts combined with the dissappearance of the Secondary Market for non-agency products and the simultaneous tightening of the Fannie/Freddie conventional guidelines has placed FHA back on top as the financing product of choice for Residential 1-4 unit purchase transactions and high ltv refinances. I'll try to address some of these…
Los Lakeros, Fair Weather Los Angeles Basketball Fans & Lakers Flags on Cars
Monday, April 20th, 2009 at 2:15am. 53 Views, 0 Comments.
Its that time of year again...
NBA Playoff time in Los Angeles and the Lakers (like they usually do) have a legitimate shot at taking the title again this year. 2nd best record in the league, returning everyone from a team that should have won the whole thing last year if it wasn't for a complete meltdown in game 4 at Staples Center. Plus with the addition of a healthy Trevor Ariza and Andrew Bynum things look very good for Phil Jackson's crew.
What does this mean?
Get ready to start seeing all those fair weather fans that probably can't name a player on another team in the entire league and still might think Shaq is on the team place their Purple & Yellow Laker flags on their cars. This is LA of course and everyone always loves to try and…
Bear-ack Obama's Mortgage & Modification Plan, or lack thereof
Friday, April 17th, 2009 at 3:52pm. 52 Views, 1 Comments.
I am adamant in my opinion that Obama’s mortgage plan will be a bust. It seems difficult for people to understand that:
In related news, don't…
Reputable Southern California Credit Repair - Restoration Firm referral wanted
Wednesday, April 15th, 2009 at 2:59pm. 52 Views, 0 Comments.
Looking for a reputable credit repair / restoration firm I can use for buyer clients and seller clients (post short-sale)
Anybody have a credible person or company they have an established relationship with I can feel comfortable referring my clients too?
Thanks,
Come out and Meet some of the IET agents at the CAR Home Buyers Fair this weekend at the LA Convention Center
Wednesday, April 15th, 2009 at 1:29am. 103 Views, 0 Comments.
Come visit IET Real Estate at the CAR Homebuyers fair at the Los Angeles Convention Center 4/19 between 3-4pm at the RSAOR booth
The value of my house has dropped. How do I lower my property taxes? (LA County Only)
Monday, April 13th, 2009 at 9:56pm. 281 Views, 0 Comments.
This is a really complicated process and I don't have alot of teaching experience so I hope you can get all of this in one sitting...
Now please allow me to go rest after that long, strenous teaching session...
If you choose to pay someone or some…
Should I Refinance or not?
Monday, April 13th, 2009 at 9:44pm. 41 Views, 0 Comments.
I guess I felt a little guilty about my outrage directed at all those fence straddlers I sent home in my last post,... so I went out and found this article just for you guys...
Mortgage Rates Update: 4/13/09 If you are not calling IET Capital at 562 360-1027 to refinance right now u need to have your head examined!!!!!!!
Monday, April 13th, 2009 at 3:59pm. 35 Views, 0 Comments.
I just locked a 95% 30yr fixed FHA Rate & Term Refinance loan on a 30 day lock at 5%
No points No fees No costs to client...None...our Investor is paying us to deliver these loans to them.
This is what you need to do:
Call IET Capital at 562 360-1027
Click here to e-mail the first available rep
Or apply online at http://www.ietcapital.com/apply-financing.php
If you are not doing anything and everything you can to refinance right now you are missing out on what will most likely be a a once in a lifetime opportunity... I'm not going to apologize for coming across as too sale-esy or too strong here. What I'm telling you to do is in your best interest. There is no time to beat around the bush or think about this. Fence straddlers Go Home! This…
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