The Real Estate Blog Carnival rolled into Arizona this weekend and boy did we have a lot of fun. In fact with Valentines day coming up love is in the air.  It is no surprise that this weeks’ blog carnival is heavily influenced by cupid. With over thirty submissions this week my weekend was certainly [...]

Apparently Citigroup has dropped its opposition to amending bankruptcy law in an effort to reduce foreclosure rates. Now that the Feds control a portion of Citigroup that was to be expected. Here is the story from WSJ today:
WASHINGTON — A Senate bill aimed at giving strapped homeowners more leverage in renegotiating their mortgages cleared a [...]

After mourning the loss of our own access to Foreign National loan programs and letting the “Blogiverse” know about it, we have actually come across several new sources for Foreign National loans. We STILL  cannot lend on these ourselves, sad to say, BUT I would be more than happy to pass on our contacts to [...]

From the Arizona Mortgage Guru mailbag:
Question: Well, we just received a notice that IndyMac, who we have a second mortgage with, closed it’s doors. They kindly sent us a notice that they are working with Wells Fargo to offer help refinancing our loan. My concern is this, if we have to go through a “regular” [...]

Attention Canadian Nationals!
I am very sad to have to announce that as of about 90 days ago, we no longer offer mortgage financing for Canadian Nationals, or any foreign national, for that matter.  We have waited a while before announcing, hoping that perhaps some programs would pop up in the meantime. Sadly, they haven’t. Once [...]

A common question people ask me when I’m working on a loan is the date of their first payment. The way mortgage payments work, you make your payment at the end of the month. This is different than rent, where you pay at the beginning of the month.  Meaning, you pre-pay for the month to [...]

The Washington Post is alleging that Senator Obama received a special “discount” when he purchased his home in 2005. This is what is being reported:
He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. The loan was unusually large, known [...]

Okay most everyone knows what I think about this massive bailout package Congress is about to pass. In case you missed it, I think it’s a sham. Seriously. A big sham. How else do you explain this to the 30% of tax payers who are not homeowners. How about the 80%+ homeowners who pay their bills [...]

The good news is most US Senators have disclosed the circumstances of how they obtained their home mortgage. The bad news is 23 have not. Should we be suspicious? I think we should. The story this morning:
Amid a brewing scandal over special mortgage deals given to two U.S. senators, Politico last week asked the offices [...]

I look through the visitor statistics from time to time to get an idea for what people seem to like on this blog. However, that’s kind of a limited way of getting an understanding of what the audience is looking for, because my audience can only read what I write. I don’t know if I’m [...]