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No link or news story yet. I was literally talking to an AE from there and she recieved an email - company is shut down. No more subprime, it's official.

Awesome news for people waiting on the sidelines today: http://mrmortgage.ml-implode.com/ Some key points: New Bank REO, or ?Shadow Inventory?,is continuing to surge and in my opinion, is the real threat to values across the nation. On average, banks are discounting this inventory...

I don't know if the exact specifics exist for the amount of people in 'real estate' in Irvine. And what do we count in this category? Real estate agents of course. Mortgage brokers of course. Loan officers - yes. Appraisers? Home Inspectors? Title officers? Escrow officers...

F H A or Fan nie Mae, either way, I'll make your day! :) Yes you can get dat rate, easy peasy. PM me if you want exact #'s.

Tell them the house is haunted. Say it with a straight face. Then say "But don't worry, you'll get used to it!" If it's an Asian couple buying it, consider the deal dead. :)

Just and FYI: I just qualified a borrower to buy a home in Riverside this morning. FHA loan. The borrowers (husband and wife) make $65,000 a year. They have almost no outstanding debt - 3 CC's with a total balance of $2000 and monthly payments of $70 combined. That is their only outstand...

There are definitely more homes going into escrow this summer selling season. I just watched one go pending after only 10 DOM (with a new realtor) new my place. Of course, the new realtor offered a 4% buyer agent commission and cut the price another 8%... If it goes it will be a $600K+ at peak...