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Conversations about Atlanta Real Estate
The Signal of a Housing Recovery?
[ 1 Comment ] 05/07/08 | Kathy Drewien | Filed under: Mortgages
Projected over the next handful of months, the housing market may be positioning for a strong national recovery, according to Dan Green's Mortgage Reports Blog.
Dan's post examines the Federal Reserve quarterly survey of 84 U.S. banks demand for loan product and general banking conditions. 
It's like "street reporting"; a pulse of what's really happening behind retail bank walls. Almost always, it paints a different picture of lending from what's being reported on the news.
When mortgage demand spikes like this, we have to at least consider that consumers may be submitting mortgage applications to multiple banks at the same time but the more likely answer is that we're moving into a favorable real estate market.
Jump to the full post: For Truth in Housing You Have to Know Where to Look
Conversation Tags: Housing | mortgagesHome Owner’s Associations: The Good, the Bad the Ugly
[ 2 Comments ] 03/17/08 | Kathy Drewien | Filed under: Atlanta Real Estate
HOA Takes Leave of Absence Senses
Photo credit: Larry Cragun
Have you ever served as a member of a Homeowner’s Association Architectural Review Committee? How did you screen for taste?
Conversation Tags: Atlanta Real Estate | Do-It-Yourself | HousingMortgage Fees Rising, Even for Prime Borrowers
[ Add Comment ] 12/11/07 | Jim Greenie | Filed under: Mortgages
Getting a mortgage is getting more expensive, even for borrowers with good credit, thanks to the subprime crisis.
Fannie Mae and Freddie Mac, the two government sponsored entities created to promote homeownership, are slapping new surcharges on loans they either buy for their portfolios or for which they provide guarantees. If you're not familiar with Fannie Mae & Freddie Mac, they're likely behind your last closing. Regardless of the lender that is doing the funding of the new mortgage, Fannie Mae or Freddie Mac is behind the scenes. Therefore, after March 2008, any of your clients with FICO scores below 680 will be paying higher closing costs or a higher rate. Again, this will not be lender specific but across the board for everyone.
Click here to read the full CNBC article
Conversation Tags: Housing | mortgages | subprime
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