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Lending Bounces Back

September 2, 2014 Big Banks, FHFA, NAR 7 Comments

After quite a long drought, lending appears as though it might be bouncing back.

Don’t miss out on the REMN B-Day Bash in Vegas at the NAMB event!  REMN always puts on a great party and this year will be no exception.  They will be at the NAMB conference and on the 14th they are holding their party.  There’s food, drinks and always a surprise or two so don’t miss it.  You can get more information by CLICKING HERE.

resilienceLenders are reporting some good gains which is a good thing considering that we’ve been at 2008 levels lately.  The question is, why, and will it continue?  That has yet to be seen but the feeling is positive.  One thing that will continue to hurt lending however is the continued lawsuits from various government agencies.  These lawsuits are massive and rest assured that the cost of paying a government agency finds its way to the rate sheet that’s being delivered to the consumer.  The reason that consumers aren’t up in arms about it is because the rate environment is so low, that even with these costs factored in, it’s hard to complain about interest rates in the 4’s.  If we were in a 7% or 8% market believe us, there it would be a different story.  At any rate, tune in and learn all about it.  We’ve got a couple more gems in today’s show as well including a great bit on the NAR for you.

With that you all have a wonderful day and we’ll see you tomorrow.

Frank and Brian

FHFA Announces Big Strategy for GSEs

August 28, 2014 FHFA, GSE's 3 Comments

The FHFA has come out and announced their GSE strategy for 2015-2019.  Guess they’ll be sticking around for a while huh?

Before we get started we’ve got to remind you that the MGIC Go Program could get you out of your approve ineligible jam.  Just a few simple overlays could take you from turn-down to touchdown.  So be sure to check it out by CLICKING HERE.  Also we’ll be in Seattle and Florida in September at a couple association events.  You can CLICK HERE to register for Seattle, and CLICK HERE for Orlando.  Hope to see you there!

strategyNow on to the big show.  You know how all the politicians keep yelling about shutting down the GSE’s (Fannie Mae and Freddie Mac) as a political badge of honor?  Well seeing how FHFA just came out their big strategic plan for the GSE’s through 2019, it doesn’t look like it’s going to happen any time soon.  And that’s a good thing.  What’s somewhat humorous though is the strategic plan itself.  You’d think there would be some big earth shattering plan that makes everyone sit back catching their breath saying “hey now.. there’s a plan!”  But, no.  When you see it you’ll get what we mean.  So be sure to tune in and check it out, and be sure to leave us your comments down below!

Well you all have a wonderful day and we’ll see you tomorrow.

Frank and Brain

The Poor Door

Manhattan developer creates a special “poor door” for his low to moderate income families he has to work into his high rise.

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poor-door2-e1375452123788Now on to the “poor door”.  Essentially what we’ve got here is a Manhattan developer that built some multi-million dollar condo’s in a highrise, but in order to be able to get the permit to build he had to have a certain amount of low to moderate income homes in the complex.  Well, he figured the rich people wouldn’t want to rub elbows with the poor people while waking through the front door, so he made another door in the alley around the back that people are calling the “poor door”.  Okay…. Uh, what do you think about this?  Cool? Not cool?  Compliant?  Not compliant?  Seems a little dicey to us, how about you?  Let us know what you think about it in the comments down below.

With that you all have a wonderful day!

Frank and Brian

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