Fannie Freddie Bailout
September 9, 2008 by Bob Schenkenberger · 3 Comments
We’ve been getting many questions on the Fannie Mae/Freddie Mac seizures by the U.S. Government. Here is some information to help get your arms around the situation. This from the Wall Street Journal U.S. Seizes Mortgage Giants Government Ousts CEOs of Fannie, Freddie; Promises Up to $200 Billion in Capital By JAMES R. HAGERTY, RUTH [...]
Lenders Becoming More Conservative!
September 9, 2008 by Bob Schenkenberger · Leave a Comment
Fannie Mae has announced that they are lowering the maximum loan-to-value (LTV) ratios for a number of loan types. The three changes that will have the most impact follow: Principal residence, cash-out refinance: Current max is 90%, new max is 85%. This means that if you refinance your primary residence, you can’t get more than [...]
Fair Housing
September 8, 2008 by Bob Schenkenberger · Leave a Comment
The FAIR HOUSING ACT Title VIII of the Civil Rights Act of 1968 (Fair Housing Act) prohibits discrimination in the sale, rental and financing of dwellings based on race, color, religion, sex or national origin. Title VIII was ended in 1988 (effective March 12, 1989) by the Fair Housing Amendments Act, which: expanded the coverage [...]
MORTGAGE RATES
September 5, 2008 by Bob Schenkenberger · 1 Comment
Provided By: Rebecca Hansen with Liberty Financial Group NATIONAL OVERNIGHT AVERAGES TODAY LAST WEEK 30 yr fixed mtg 6.14% 6.26% 15 yr fixed mtg 5.67% 5.77% 5/1 ARM 5.81% 5.91% 30 yr fixed jumbo mtg 7.26% 7.36% 5/1 jumbo ARM 6.35% 6.43%
Greenwood Village Arts Festival
September 5, 2008 by Bob Schenkenberger · Leave a Comment
September 5, 6, & 7, 2008 will be the dates for the 2nd Annual Greenwood Village Arts Festival. Enjoy the atmosphere of a street fair with local merchants. Featuring Antiques, Food, Local Retailers, Salons, and Local Artists! This years Greenwood Village Arts Festival is in a NEW LOCATION. Cherry Hills Marketplace 5910 S. University Blvd. [...]
Colorado leads California in High-Tech Jobs!
September 4, 2008 by Bob Schenkenberger · 2 Comments
Colorado maintained its slot as the 3rd leading state for it’s ability to sustain high-tech industry. According to Milken Institute’s 2008 State Technology and Science Index, Colorado maintained it’s spot at number 3 in the country. Massachusetts and Maryland ranked 1 & 2, while California dropped to number 4. The index utilizes 77 indicators categorized [...]
Mortgage Rates – Sept 4 2008
September 4, 2008 by Bob Schenkenberger · 1 Comment
Rates have been slowly improving. Energy prices are coming down, and inflationary pressures continue to subside. Denver area real estate prices are holding their own, and this is a good time to buy! These rates can change multiple times daily, so be sure to check with us regarding the mortgage markets! Program Rates Orig.+ Discount [...]
The Big Black Box
September 3, 2008 by Elaine Manes · 6 Comments
Let’s face it, we love our television sets. In my staging career, this has been proven to me numerous times. I come into a home to make recommendations to make it show better, and clients seem so willing to add or remove whatever I suggest. Except the TV, that is. And, whatever they sit on to [...]
The Real Estate Market Cycle
September 2, 2008 by Bob Schenkenberger · 3 Comments
This video is very informative and explains the reasons for real estate market corrections. It also gives an historical perspective of where we’ve been, and the inevitable result of any downturn. A big shout-out and Thank You to Ted Mackel and the Homebuysblog from Simi Valley, for finding this gem! Explaining the market is much [...]
FREE Downpayment Money
September 2, 2008 by Bob Schenkenberger · Leave a Comment
The Douglas County Housing Partnership (DCHP) has a great program called the “Shared Equity Agreement Program.” This program gives home buyers an equity “partner” in their home purchase. The biggest requirement is that to qualify, the buyer must work and purchase in Douglas County. Visit the DCHP website for more information. Here is an overview [...]