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From Rain City Guide - view blog entries - visit this blogMay 12, 2008 at 12:21 pm ET
Obtaining a mortgage for a non-owner occupied propery is much different than buying one you will reside in. For starters, qualifying is tougher and mortgage interest rates are higher as it’s a riskier transaction for the ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 12, 2008 at 4:49 am ET
In January of 2007, 455 people were able to sell their homes in 30 days or less at 99.84% of asking price.
In January of 2008 only 261 people were able to sell their homes in ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 9, 2008 at 4:27 pm ET
MGIC has released underwriting guidelines that will go into effect on new applications as of June 1st. Here is the PDF. Didn’t MGIC just finish doing that in March? From Housing Wire:
For all ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 9, 2008 at 3:37 pm ET
Good news: conforming-jumbo rates have come down significantly! In fact, the 30 year fixed rate for mortgages priced between $417,001 - $567,500 (for King, Pierce and Snohomish Counties) are the lowest since I’ve started publishing ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 8, 2008 at 1:54 am ET
At the beginning of every law, there’s a preamble and then a set of definitions. Many of you know this: A mortgage broker is not a lender.
A lender is defined by federal law, RESPA, as ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 7, 2008 at 8:55 pm ET
If you’ve ever watched a show like the Sopranos you know that there is a term out there called wiseguy that has a potentially dangerous undertone. Well, yesterday, for one of my new listings I ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 6, 2008 at 11:12 pm ET
My daughter Jacquie just called, the middle child, she and Peter are going to have a baby! This will be my second grandchild. See Jacquie below at the 7 Eleven at Denny and 5th.
Similar Posts:Ten ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 6, 2008 at 8:49 pm ET
There’s a Washington State Mortgage Broker Commission meeting tomorrow, May 7th at the Renton Community Center to discuss the impact of State Senate Bill 6471. This legislation ammends the Consumer Loan Act and Mortgage Broker ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 5, 2008 at 11:24 am ET
Did you ever work so hard in a week, that you just needed to lay down for 20 minutes after dinner and didn’t wake up until the next morning!? Sure you did. It happens to ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 2, 2008 at 5:42 pm ET
Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). The conforming rate quote below is based on owner occupied, “full doc” purchase with a sales price of $500,000 and a loan amount of ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 2, 2008 at 2:23 pm ET
Our development company has been a certified Built Green builder for several years, and we’re always trying to find economically feasible ways to add “green” features to our new construction. “Economically feasible” to me means ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 2, 2008 at 1:51 am ET
RCG Flashback to gHomes
Links from the Video:
Sellsius: Linkbait Flashback
gHomes — Seattle Area MLS on Google Maps
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gHomes Update #2
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The ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 1, 2008 at 1:40 pm ET
I just live in it.”
That was the line in CSI: NY last night, where Microsoft’s Photosynth was used to reconstruct the events prior to and during a crime at a high school prom. They loaded up ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 1, 2008 at 3:48 am ET
It’s May Day today in Seattle and hopefully we are now finally into Spring and warmer weather. To celebrate the return (not to mention the return of the Neighborhood Round Up after its unscheduled winter hibernation) are a few Seattle Neighborhood Blog ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 1, 2008 at 2:04 am ET
I had a wonderful conversation with Stephanie Rosenbloom a few days ago and was thrilled to help her out with her story about using social networks (and Facebook in particular) for business purposes.
In the story, ... ( more)
From Rain City Guide - view blog entries - visit this blogMay 1, 2008 at 1:54 am ET
The reputation of mortgage brokers as a group has been tarnished by local and nationwide “brokers gone wild” stories that don’t need to be rehashed here. We all know there are some exceptionally fine mortgage ... ( more)
From Rain City Guide - view blog entries - visit this blogApril 30, 2008 at 3:12 pm ET
I really need this fixed yesterday. It’s driving me NUTS!
For almost a month our WordPress Blog here has been malfunctioning for me and only me. Not Rhonda. Not Dustin. Just ME! I am not getting ... ( more)
From Rain City Guide - view blog entries - visit this blogApril 30, 2008 at 2:26 pm ET
The FOMC cuts the Funds Rate another 0.25% to 2.00% based on an 8-2 vote. Remember, this does not mean that the 30 year fixed rate is now 0.25% lower. This does mean that if ... ( more)
From Rain City Guide - view blog entries - visit this blogApril 29, 2008 at 5:14 pm ET
I’ve been communicating with a home owner who thought their loan was locked in at a certain rate only to learn that this is not the case. Here’s their story:
Their existing ARM reset in March. In ... ( more)
From Rain City Guide - view blog entries - visit this blogApril 29, 2008 at 1:46 pm ET
I have written posts in the past about this topic noting my chagrin that WA didn’t have a Law that required Condo Homeowner Association Boards to have a Reserve Study done. Well I’m pleased to ... ( more)
From Rain City Guide - view blog entries - visit this blogApril 28, 2008 at 8:36 pm ET
Some links from the video:
Wordpress
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From Rain City Guide - view blog entries - visit this blogApril 28, 2008 at 4:40 pm ET
A most wonderful diet to sustain escrow during crunch time. I heard rumors of a secret stash, but this is too much. I won’t name names.
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From Rain City Guide - view blog entries - visit this blogApril 28, 2008 at 5:56 am ET
When I started Sunday Night Stats, I didn’t think this through as to what would happen when I ran into volumes that exceeded 10,000 units. I can’t run stats for volumes over 10,000. 9,193 condos ... ( more)
From Rain City Guide - view blog entries - visit this blogApril 27, 2008 at 5:56 pm ET
In this post I will address the topic from a practical standpoint, in chronological order, based on ”Common Practice”. This post is written from the standpoint of “common practice” in the Seattle area, where Title and Escrow are two separate ... ( more)
From Rain City Guide - view blog entries - visit this blogApril 26, 2008 at 12:37 pm ET
Last fall I was saddened to learn that the greater Puget Sound region voted down the mass transit package that had been put forward for the Pierce, King and Snohomish County areas. While that ... ( more)
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