Mike Vazquez Real Solutions Realty
8366 Princeton-Glendale Rd. West Chester, OH 45069
Cell: 513-325-1959
mike@ISellCincinnati.com
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Mortgage Rates Above 5% as 2009 Ends The year ends with mortgage rates just over 5%, according to mortgage giant Freddie Mac [[FRE]].
According to Freddie’s weekly survey, the 30-year fixed-rate mortgage (FRM) averaged 5.14% with an average 0.7 point for the week ending Dec. 31. The rate is up from last week’s 5.05% and from the same last year when it averaged [...]
HUD Eliminates 1% Cap on FHA Mortgages The US Department of Housing and Urban Development (HUD) removed the 1% origination fee cap on loans insured by the Federal Housing Agency (FHA), according a mortgagee letter sent out this week.
HUD made the change to remain consistent with the Real Estate Settlement Procedures Act (RESPA), which will require mortgage lenders to disclose to borrowers [...]
A look back: HW’s Top Stories of 2009 The end of the year is upon us — and what a year it’s been! Here’s a look at the top 5 most-read stories from HW this year.
A Game of Credit Cost Smoke and Mirrors at Wells Fargo?
Paul Jackson, April 9, 2009
This story about potential lurking credit costs at WFC caught the collective imagination of [...]
UK Home Prices Climb 5.9% in 2009: Nationwide Home prices in the UK climbed 5.9% in 2009, according to a report from the Nationwide Building Society.
The average price of a home in the UK landed at £162,103 ($257,105) to end the year with an 8.9% rebound from their lowest point in February 2009, according to Martin Gahbauer, Nationwide’s chief economist.
Prices in the UK [...]
Treasury Pumps $3.8bn More Into GMAC The U.S. taxpayer now owns a majority interest in GMAC Financial Services, which this week received a capital infusion of $3.79bn from the US Treasury Department. The latest government-led effort to bolster GMAC’s capital base comes as part of a year-end effort to close a capital shortfall, per government stress tests conducted in May 2009.
The [...]
In This Corner: Valligent CEO Jeremy McCarty Jeremy McCarty is the CEO and chief valuation strategist of Roseville, Calif.-based Valligent. Formerly known as EAS, Valligent operates in the areas of national residential valuation and collateral risk management solutions, including appraisal review, proprietary valuation, loan pool reconciliation tie-out services, and appraisal underwriting. Jeremy has over 20 years of experience in the real estate [...]
Illinois Adopts Nationwide Licensing System for 2010 The Illinois Department of Financial and Professional Regulation (IDFPR) said this week it will adopt the Nationwide Licensing System (NMLS) for license applications and renewals beginning Jan. 4, 2010.
Loan originators in Illinois will also begin transitioning onto the NMLS for their new individual licensing credentials required in 2010. The database licensing system is designed to [...]
Origination Funding May Increase as Credit Restrictions Ease in 2Q10, Analysts Predict A recent set of research focusing on 2010 strategies for investors of agency mortgage-backed securities (MBS) by analysts at Barclays Capital finds that credit availability for mortgage originations may increase in the next six to 12 months.
However, the situation will remain tight in the next three to six months, they add, as the market grapples [...]
Developers Push RESPA Updates As New Year Nears Mortgage software developers are rushing updates onto the market to meet Real Estate Settlement Procedures Act (RESPA) compliance requirements before the New Year, when changes to RESPA come into effect.
Avista Solutions finalized a system update to its loan origination software (LOS) for RESPA compliance that will be available in time for the Jan. 1, 2010 [...]
Foreclosure Notices Drop in Major Counties: Default Research The number of pre-foreclosure filings in California, which include notices of default and notices of trustee sales, dropped across several counties in November, according to statistics from Default Research, which tracks the notices.
The hard-hit Los Angeles County had a 10% decline from last month to 3.08% in November. Orange County, where 3.4% received a filing, [...]
Having the right real estate agent means having an agent who is committed to helping you buy or sell your home with the highest level of expertise in your local market. This means also to help you in understanding each step of the buying or selling process. This commitment level has helped me build a remarkable track record of delivering results.
Nothing is more exciting to me than the gratifying feeling I get from helping people meet their real estate needs. You can count on me to always do what's in your best interest. I pride myself on being honest, trustworthy, and knowledgeable in the real estate market. I know how important it is to find your dream home or get the best offer for your property. Therefore I will make it my responsibility to help you achieve those goals.
Whether you are an experienced investor or a first time buyer, I can help you in finding the property of your dreams. Please feel free to browse my website or let me guide you every step of the way by calling or e-mailing me to set up an appointment today.
NAR and Lowe's Donate Relief Aid to Haiti and Good Neighbor Winner The National Association of Realtors® and Lowe’s, a partner in NAR’s REALTOR Benefit® Program, are coming together to contribute relief to Haiti and the victims of the country’s recent earthquake. Together NAR and Lowe’s are leading the charge as Realtors® spread the awareness of good neighbors to those in desperate need.
Realtor® Grant and Mentoring Program Seeks Nominations REALTOR® Magazine’s Good Neighbor Society is seeking entries for Volunteering Works, a program that matches Realtors® who would like to expand their community service outreach with a mentor and grant money. Mentors are part of the Good Neighbor Society, past recipients of the magazine’s annual Good Neighbor Award for volunteerism.
Pending Home Sales Down Pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago.
Another Big Gain in Existing-Home Sales as Buyers Respond to Tax Credit Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®.
Nine Consecutive Gains for Pending Home Sales Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors®.
