For those of you who subscribe to my blog, I encourage you to please move your subscription to the RJ Baxter Colorado Mortgage Blog. I will not be blogging on this blog any more.
posted by RJ Baxter January 21, 2010 9:45 | permalink | comments(0) | Real Estate Realtors- New Good Faith Estimate*
Dear Realtors:
We wanted you to be aware of the vast changes that have once again challenged our industry beginning January 1, 2010. The new Regulation X (as it is being called) dramatically affects the way disclosures are handled on the loan side of a purchase or refinance. This has hit the whole industry nationally, whether the loan is done through a bank, broker or mortgage banker.
posted by RJ Baxter January 12, 2010 13:13 | permalink | comments(0) | Real EstateMay, 2009 Guest Authors Wanted
I am currently seeking guest authors who are experts in the real estate or financial planning fields. If accepted as a guest author, you will receive a prominent backlink listing as a contributing author from the home page of this website, as well as the freedom to create backlinks within your blog posts to your websites.
If you are a real estate or financial planning professional and would like to join my blogging team, ...
posted by RJ Baxter May 07, 2009 8:29 | permalink | comments(0) | Real EstateAugust, 2008 Home Values Drop at Record Pace
Home values as a nationwide average were reported today down 15.9% from this month last year. This is the largest decline on record.
However, the drop was less than forecast, so some economists are becoming encouraged that the end of the housing downturn may be in sight.
We are seeing signs of life in the Denver area. Many potential home buyers and investors are starting to enter into the market, fearful that they will lose ...
posted by RJ Baxter August 26, 2008 9:27 | permalink | comments(0) | Real Estate Is Fannie Mae and Freddie Mac Bailout Coming?
The new legislation passed by Congress recently has given treasury secretary Henry Paulson more power to oversee Fannie Mae and Freddie Mac, the troubled home-finance giants. Many feel that this is the first step in an ultimate government takeover of the entities.
Whether or not that happens, remains to be seen, but I wanted to post a link to a great article I found in Business Week Online on the topic. This is ...
Home prices for the month of February were reported higher by 0.6% in OFHEO's most recent monthly survey (Office of Federal Housing Enterprise Oversight). This was on the heels of a 1.1% decline in prices.
So is this a sign that the housing market is rebounding?
Unlikely, is my opinion, although a positive number doesn't hurt matters. One thing to keep in mind is that in the spring, people tend to start listing ...
posted by RJ Baxter April 23, 2008 12:53 | permalink | comments(0) | Real EstateMarch, 2008 Mortgage Loan Limit Increases Official
Increase to both conforming loans and FHA mortgages have been announced as part of the government's economic stimulus package.
The increases affect only high-cost parts of the country, but will allow more homeowners to qualify for conforming loans and FHA loans.
Will this help you?
The new increases will help some home owners who previously only qualified under "jumbo" mortgage loan programs. Jumbo mortgages are currently carrying .75-1% higher interest rates than ...
posted by RJ Baxter March 07, 2008 13:08 | permalink | comments(0) | Real EstateFebruary, 2008 Loan Limit Increases to Help Few is a Myth
There has been a lot of commentary out there from various sources, both media and blogs, that loan limit increases will help very few homeowners. This is, in my opinion, a myth.
True, the increase in conforming loan limits will only affect some higher-cost areas, and home owners who are over-mortgaged will not be helped by the plan.
However, if the FHA loan limit increases to a minimum of $417,000 in all areas, ...
