Tag Archives: HVCC

Welcome to Reverend Frank’s Vacation Sales Bible School…

In today’s daily, Brian Stevens explains how HVCC is preventing any appreciating in home values.  Frank Garay preaches from Jeffrey Gitomers sales bible.  Amen! Download as PDF

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It’s Official! You’re in the Double Dip

May 6, 2011 – It’s Official! You’re in the Double Dip. New report shows prices are now lower than our previous bottom in March of 2009. What’s the reason? Of course we know it’s all inside. Foreclosures once again slowed down due to lack of foreclosure laws firms. Freddie Mac makes a profit – FINALLY! [...]

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Looking Back at 2009

The $8000 first time home buyer tax credit that didn’t have to be paid back is introduced. Foreclosures declined but short sales were on the rise. Stated income loans went away, making it difficult for self-employed income borrowers to get a new mortgage. New mortgage guidelines tightened up. Large investors (unless they are cash buyers) [...]

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Looking Forward to 2010

Good Faith Estimate (GFE) 2010 is introduced January 1, 2010.  Six items now required before the loan originator can provide you with a GFE: Name, Property address, Estimated Property Value, Loan Amount, Income, and Social Security Number (Credit Report). Fees locked for 10 business days from issuance of GFE.  Designed to protect the consumer from [...]

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Fewer Rules, More Common Sense 2

If you read last month’s news letter, you might notice that the “Advice from the Mortgage Masters” article is very similar this month.  This was done intentionally because the message still rings true with this months mortgage update.  HVCC and HERA are both examples of good intentions gone bad. One of the biggest problems facing [...]

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