Comments for Jeff Rickard http://1760mortgageguide.com About The Mortgage Industry & Real Estate Fri, 21 Nov 2008 17:13:42 +0000 http://wordpress.org/?v=2.6.2 Comment on I’m Back! by Jeff Rickard http://1760mortgageguide.com/2008/08/26/im-back/#comment-215 Jeff Rickard Mon, 08 Sep 2008 15:56:17 +0000 http://1760mortgageguide.com/2008/08/26/im-back/#comment-215 I do not think it is a Presidential issue as much as it is a bank issue. The government is making a lot of noice with new programs and supposed bail out programs but in the end they are not the money. The investors and Wall Street are key to funding these programs and at this point they are not making funds easy to get. The big challenge is that lenders are not really in the lending game at the moment. It sounds crazy but it is true. When the banking credit crisis ebbs and gets farther behind us we will see a change in lender attitudes and the mortgage world may get easier. I do not think it is a Presidential issue as much as it is a bank issue. The government is making a lot of noice with new programs and supposed bail out programs but in the end they are not the money. The investors and Wall Street are key to funding these programs and at this point they are not making funds easy to get. The big challenge is that lenders are not really in the lending game at the moment. It sounds crazy but it is true. When the banking credit crisis ebbs and gets farther behind us we will see a change in lender attitudes and the mortgage world may get easier.

]]> Comment on I’m Back! by winstons http://1760mortgageguide.com/2008/08/26/im-back/#comment-214 winstons Sat, 06 Sep 2008 08:12:46 +0000 http://1760mortgageguide.com/2008/08/26/im-back/#comment-214 how and when will the mortgage crisis end? after a new president is in office? --------------------------------------- http://www.mysunsetmortgage.com how and when will the mortgage crisis end? after a new president is in office?
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http://www.mysunsetmortgage.com

]]> Comment on Other Players Slowing Down CHFA Process! by Jeff Rickard http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-120 Jeff Rickard Thu, 17 Apr 2008 21:40:28 +0000 http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-120 It is still 20% down payment to not have mortgage insurance. The changes are coming in that they always offered mortgage insurance if you put less than 20% down. Now, in declining markets, which is basically all of Colorado front range, they will not do mortgage insurance on investment properties or on any cash out refinances. They also have credit score requirements in deciding if they will do mortgage insurance. They are not just a service provider anymore, they are a decision maker! It is still 20% down payment to not have mortgage insurance. The changes are coming in that they always offered mortgage insurance if you put less than 20% down. Now, in declining markets, which is basically all of Colorado front range, they will not do mortgage insurance on investment properties or on any cash out refinances. They also have credit score requirements in deciding if they will do mortgage insurance. They are not just a service provider anymore, they are a decision maker!

]]> Comment on Other Players Slowing Down CHFA Process! by Jim Murphy http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-119 Jim Murphy Thu, 17 Apr 2008 18:51:58 +0000 http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-119 Jeff, these days, how much down do you have to place to avoid mortgage insurance? In the past it's been somewhere near 20%. Are the insurance companies requiring higher down payments? Jeff, these days, how much down do you have to place to avoid mortgage insurance? In the past it’s been somewhere near 20%. Are the insurance companies requiring higher down payments?

]]> Comment on Other Players Slowing Down CHFA Process! by Debra Rickard http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-111 Debra Rickard Tue, 01 Apr 2008 17:28:38 +0000 http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-111 This is so true Jeff, this adds another hurdle to the loan approval. However the good news is Genworth Mortgage is still allowing CHFA to do 100% LTV on My Community and Home Possible which has been reduced to 97% in the local market. This is so true Jeff, this adds another hurdle to the loan approval. However the good news is Genworth Mortgage is still allowing CHFA to do 100% LTV on My Community and Home Possible which has been reduced to 97% in the local market.

]]> Comment on Do You Have The Luck Of The Irish? by Pam Lehner http://1760mortgageguide.com/2008/03/11/do-you-have-the-luck-of-the-irish/#comment-105 Pam Lehner Wed, 12 Mar 2008 06:40:20 +0000 http://1760mortgageguide.com/2008/03/11/do-you-have-the-luck-of-the-irish/#comment-105 It would be nice if they taught some of these things in the schools today and maybe some of the people would have a clue of what is going on in the real world. Very good article. It would be nice if they taught some of these things in the schools today and maybe some of the people would have a clue of what is going on in the real world. Very good article.

]]> Comment on Motivation Monday! by Pam Lehner http://1760mortgageguide.com/2008/03/03/motivation-monday-15/#comment-99 Pam Lehner Wed, 05 Mar 2008 21:56:53 +0000 http://1760mortgageguide.com/2008/03/03/motivation-monday-15/#comment-99 Great job. You are being very honest. Great job. You are being very honest.

]]> Comment on How Much House Can I Afford? by Pam Lehner http://1760mortgageguide.com/2008/03/04/how-much-house-can-i-afford/#comment-98 Pam Lehner Wed, 05 Mar 2008 21:53:33 +0000 http://1760mortgageguide.com/2008/03/04/how-much-house-can-i-afford/#comment-98 Great job Jeff, tell it like it is. Great job Jeff, tell it like it is.

]]> Comment on What is a “declining” market? by Debra Rickard http://1760mortgageguide.com/2008/02/26/what-is-a-declining-market/#comment-95 Debra Rickard Tue, 26 Feb 2008 20:38:28 +0000 http://1760mortgageguide.com/2008/02/26/what-is-a-declining-market/#comment-95 Jeff, Great article, I just closed a Flex 100, that will not be available again after June 1st. This property was not in a declining market, but the appraiser was put through the mill to prove it was not declining. I think a prudent idea is to put additional time in the contract for approval of the appraisal as it is taking longer to get all the information required by the underwriters. Jeff,
Great article, I just closed a Flex 100, that will not be available again after June 1st. This property was not in a declining market, but the appraiser was put through the mill to prove it was not declining. I think a prudent idea is to put additional time in the contract for approval of the appraisal as it is taking longer to get all the information required by the underwriters.

]]> Comment on Economic Notes by Susan Kishner http://1760mortgageguide.com/2008/02/18/economic-notes-2/#comment-85 Susan Kishner Mon, 18 Feb 2008 17:37:06 +0000 http://1760mortgageguide.com/2008/02/18/economic-notes-2/#comment-85 I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you. Susan Kishner I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

Susan Kishner

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