Comments for Loanarranger's Blog

Comment on First time homebuyer credit by loanarranger

loanarranger — Sun, 01 Mar 2009 17:56:24 +0000

The new bill came out with a new $8000 1st time homebuyer credit that expires Dec 1st, 2009 and you do NOT have to pay it back if you stay in the home for 3 years.

The $7500 credit for 2008 has to be paid back, no change.

Comment on Mortgage rates – your bailout is here! by Robert K Minniti, CPA, CFE, Cr.FA, CFF, MBA

Robert K Minniti, CPA, CFE, Cr.FA, CFF, MBA — Thu, 19 Feb 2009 18:15:41 +0000

Here is a link to a commentary on the government’s proposed mortgage bailout program that you might find interesting  http://tinyurl.com/ckw7y4

Comment on Bank of America pays big bonus with your bailout money! by loanarranger

loanarranger — Sat, 24 Jan 2009 18:18:33 +0000

Too bad Congress is mostly show—look at the new Treasury secretary nominee–Geitner— who didn’t pay self-employment taxes for 4 years, got audited, paid 2 years and then paid up after nomininated by Obama. He admitted he would not have paid if not nominated, but Congress still did not care–Obama and REID called it an “honest mistake” and fully back him to lead the IRS. He did NOT even pay penalties or interest on his $40,000 + back taxes!! THIS IS CHANGE we voted for?

Comment on Bank of America pays big bonus with your bailout money! by Gerald

Gerald — Sat, 24 Jan 2009 14:29:22 +0000

These executives should be grilled by congress, made to refund the bonuses, then put in jail.

Comment on Bailouts by Bdehler

Bdehler — Tue, 30 Dec 2008 17:17:45 +0000

If you look at recent reports === many in the scientific and media worlds do not say “global Warming” any longer == they changed to “Climate Change”. Is that because we have had the coldest weather since 1950 in many parts of the US, China and Europe so far this year???

Comment on Mortgage rates – your bailout is here! by loanarranger

loanarranger — Sun, 28 Dec 2008 17:16:05 +0000

That is true — But I was commenting that ordinary people that bought before 2003, have good credit, a job, now have a opportunity of a lifetime as 30 yr rates slip into the 4’s shortly. Some areas of the country have actually had stable prices for the past 6 months. If you have had tremendous loss of equity, it is gone, just like the stock market.

Comment on Mortgage rates – your bailout is here! by Jan Sgueglia

Jan Sgueglia — Sun, 28 Dec 2008 16:35:24 +0000

Your info is all well and good except you forgot one point ….to refi you also have a new appraisal to deal with and if you brought in the last 2-3 yrs. your value of your home has dropped by 100,000 more or less. and therefore you pay the devil to get the new lower rates and benefit due to your 1st mortgage is higher then what you can get on the new rate. L/V.

Comment on Bank Failures by Insurance Guide

Insurance Guide — Sun, 14 Dec 2008 12:13:08 +0000

Nice bog you have here. I pretty much lurk the internet when I’m bored and read all I can about the organic lifestyle, but I really liked you view on things. I’ll bookmark the site and subscribe to the feed!

Comment on Where are Mortgage rates going? by loanarranger

loanarranger — Tue, 25 Nov 2008 18:58:07 +0000

The FED is buying some mortgage backed securities so rates should improve today by 40 basis points. Rates at 5.5% for a 30 yr fixed are really low enough. Countrywide is finding out that most problems are because of job loss and not high interest rates. Once your income drops, and you cannot sell–foreclosure is the only option.

Comment on Loan modification — the right way ! by loanarranger

loanarranger — Tue, 25 Nov 2008 16:41:39 +0000

Also look at a sample loan modification form to determine what financial information you will need at your fingertips.

https://hoa.mortgageinsurance.genworth.com/FinancialForm/Default.aspx