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We had an 8:00 rate sheet, a 10:00 and a "nooner" - all for the worst today. Some assumptions: $417,000 , 30 day rate lock, 80% LTV, 720 FICO General retail rate: 5.75% 1.0 point, 6.00% for -0- points. Sub 720 FICO - add .75 in fee Condo above 75% LTV - add another .75 in...

Perhaps 6.0% is coming, but not as of yet. 10yr T held out today at 3.9% as a ceiling of resistance. Tomorrow through Thursday's auctions will be key to any kind of low 5% rate coming back. If things go well, we're back into the low 5's. That mortgage blog is a good one for current stats...

Sheesh... If I had Maxine Waters yapping on the line, I'd try to help the client just to get that nag off the phone..... "Can't refinance? Try your Congressman.. Anne Flaherty, Associated Press Writer Can't afford your mortgage payment? If the bank won't take your call, your member...

Those Freddie Mac average rates are as realistic as Lending Tree or Bankrate.com's averages. Way behind the curve and full of junk statistics. 5.50% FHA and Conventional: 1.0 point. So far this Friday we've had a morning and mid day rate change and are expecting a worse rate change in an...

I disagree with FHA costing more. In some limited scenarios it will, but more often than not FHA is a better way to buy. https://calculators.emagic.com/Calculators/ This is a link to compare an FHA to a Private Mortgage insurance loan. If you assume -0- appreciation and a 7 year...

Don't you mean 105% to 110% of sales price given coming price slides? People in that price range don't have...check that...never had down payments. FHA financing is the only game in town. I recently had buyer put on a $350k listing a $375 offer and was beat out by 36 other offers to...

Big down payment - 25 / 30 pct and a construction loan will work. Check with the City of Laguna Beach first for permit expirations, etc. I'm also sure there are title liens of significance. It's also possible, again with a huge down payment, to get a 203k FHA Rehab loan. Herb Moses at Wells...

There's always "Still Life With A Woodpecker" by Tom Robbins. Odd, but not as odd as Hitchhiker's Guide. "The Martian Chronicles" is another classic book suggestion. I can't watch Mystic River without wanting to shoot the villains, so in order to preserve my Plasma, I turn the channel.

How they are going to convince people to pay $9 - $11 to see this book in movie form I will never know. Viggo M. is the father. The film was to come out in December 08 but parts of it had to be re-shot due to it not being bleak enough. Any test audience will tell the filmmakers that this is too...

Try a classic book. Farewell My Lovely - Raymond Chandler. No one can write crime stories like RC. FML was my last read. 1984 - George Orwell. A terrific read in todays climate. Understand what everyone else merely references. The Road - Cormack McCarthy (sp?) Haunting. A book...

My .02.... The Agent is not liable for the decisions made by the buyer/seller. The buyer/seller is free to do what he wants to do with the property. That may be the reality of the situation. Personally speaking the Agent needs to perhaps quit the business for giving such dangerous...

Those are fingers based on the way the camera is being held. It's not the camera itself, given that the 'Tard was able to take some normal shots. And they get 2.5% or so to sell this property? "Realtards: the greatest assembly of people over 21 with a 4th grade education...MAX" My...

Since Black Wednesday we had a fairly rough Thursday (only 2 price changes) and so far today 3 price changes - all for the better. What was 5.50% for 1.0 point Wednesday is now 5.00% for 1.0 point today. Sure, the market action so far is end of month window dressing by traders, but as said...

Yes, rates from last week to this week jumped 1 percent. This does not mean that 4.x is gone. The Treasury and the Fed can jawbone rates lower, as they did in January and March of this year. It's the squirts for anyone who did not lock, waiting for lower rates to come..... My .02...

I live in Melinda Heights. It's RSM, not MV. You have MR and two HOA's. It's worth it though I think because the communities are great. You can get a nice, newer home with about 1k in MR per year and about $100 per month HOA dues. If we didn't live in MH I like the Deane homes off of La...

At least once a week I get calls from people who can afford their payment but as noted before they want to know what happens when they walk because they are upside down. Even those who lost "phantom" equity and are at a break even point ask about walk aways. What is unclear is if this is a...

this is not an Altera issue. Almost all REO agents do significantly less than their organic listing Agent counterparts. REO Agents saw this coming wave, caught it, and now are coasting along. Can't blame them. I'd probably do the same thing.

The best example so far of why people set aside reality and belly flopped into this mortgage mess was the NYT article CR posted last week. Take the time to read it. It's well worth it. http://www.nytimes.com/2009/05/17/magazine/17foreclosure-t.html?_r=1 Anyone who says it was the...

C/O Fark.com KANSAS CITY, Mo. ? An economist on leave from the federal agency that insures bank deposits has been charged with the April 11 attempted robbery of a Kansas City-area bank. Jeff Walser said he had a bomb in his briefcase and demanded money at the Bank of America branch in...

If this was my mom I'd say no. Since it's not my mom, I'd still say no. You can ask the bank to mod her line (no cost, no credit hit) to a fixed if you're worried. The rate will be in the 6's most likely. My .02c Soylent Green Is People.