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Thank you for clicking to our blog page for BobandOrlando.com. We’re excited to offer our observations on the mortgage industry from three unique viewpoints, and to also create an area where we can share others’ opinions, ideas and thoughts.
Amid all the turmoil surrounding the US debt ceiling talks, weaker than expected economic data and increased concerns about Europe helped mortgage rates improve this week. A lack of progress in the debt ceiling talks has left investors with a high level of uncertainty, causing a great deal of volatility in mortgage broker markets. The [...]
There appears to be a lot of ‘doom and gloom’ people out there regarding qualifying and acquiring a home mortgage. But, but getting a home mortgage is not as difficult as these people say. Of course are some borrowers with near-perfect credit who are being rejected for loans, but that shouldn’t deter anyone from applying [...]
Recently the Federal Reserve announced it fined Wells Fargo Bank for allegedly falsifying loan applications and forcing borrowers into expensive mortgages. The Fed stated these borrowers were ones with good credit. These potential borrowers could have qualified for prime rates but were instead steered into expensive subprime loans. These loans were made between 2004 and [...]
Over the past five to six years many of us have seen our home’s financial worth depreciate in value, and even those who live in San Francisco have felt the adjustment. The housing market has certainly changed from the hay days of the new millennium. Home mortgages were available without stated income, and well, that [...]
Although we at BobandOrlando.com focus on home mortgage, home refinance, condo conversion loans and so forth, we also think about other ways to service our clients. Not everyone out there is a first time home buyer, and in a lot of cases or clients need a change in the residence. They are either buying a [...]
Investors focused on the Fed meeting and Greece this week. A reduced growth forecast from the Fed and continued concerns about the situation in Greece helped mortgage rates move a little lower. As widely expected, the Fed made no change in the fed funds rate, and Fed policy appears unlikely to change in the near-term. [...]
From time to time, we like to post Tips regarding home costs savings and today’s one of those days. As mortgage brokers, we hope to be a full service to you in addition to your home loan needs. Are you considering a remodel of a current home or one you’ve just purchased? Remember this; like [...]
I looks like a great time to buy multi-family units. There was a lot of volatility during the middle of the week, but mortgage rates ended nearly unchanged. Weak manufacturing data offset higher than expected inflation readings. Similarly, increased social unrest in Greece early in the week was balanced by renewed hopes on Friday for [...]
If you’ve contracted for any type of loan in your life, then you’ve possibly heard the word ‘amortization.’ But if you’re just now working your way through the mortgage loan process, amortization means the gradual repayment of a mortgage loan, both principal and interest, by installments. For the most, a repayment of a mortgage loan [...]
Here’s an article I found today that I thought was very interesting! – Bob Siefert By Dawn Kopecki – Jun 7, 2011 5:02 PM PT June 8 (Bloomberg) — JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon asked Federal Reserve Chairman Ben S. Bernanke whether regulators have gone too far by reining in the [...]
