by Dan Polimino | Jan 26, 2009 | Financing
Last year I was involved in a few transactions where the buyers used out-of-town lenders, and in all cases these lenders almost blew the deals for their buyers. Why do people use lenders outside of Colorado? Many high-end buyers prefer to purchase properties using...
by Dan Polimino | Jan 19, 2009 | Financing
I play a few roles in life. I’m a husband, a father, a business owner, a professional speaker, a writer and a real estate agent. In wearing all these different hats, I’ve noticed at least one thing is consistent. Whether I’m trying to get a buyer and...
by Dan Polimino | Dec 3, 2008 | Financing
Mortgage Brokers’ phones rang off the hook last week as 30-year mortgage rates dropped below 6 percent. Some brokers say their rates are as low as 5.25 percent. The rates are down because the Federal Reserve announced that it would buy $500 billion in...
by Dan Polimino | Oct 22, 2008 | Financing
Lenders emphasize that loans continue to be available for a range of potential home buyers, not just those who are putting down 20 percent and have a credit score higher than 720. Although credit underwriting is tougher and loan terms stricter, borrowers can still put...
by Dan Polimino | Sep 25, 2008 | Financing
Mortgage application volume fell 10.6 percent on a seasonally adjusted basis to 591.4 compared with 661.7 the previous week, according to the Mortgage Bankers Association weekly survey. Mortgage applications had risen after the U.S. government took over Fannie Mae and...
by Dan Polimino | Sep 18, 2008 | Financing
Top U.S. banks and thrifts tried harder in the second quarter to modify problem loans, but that didn’t keep more home owners from falling into foreclosure. Lenders modified 112,353 first-lien mortgages, an increase of 56 percent from the previous quarter,...
