Mike’s Real Estate Show

The Niners new coach…Halfway Point Picks…
 
New Niner Coach Mike Singletary sure made a splash in his debut…in more ways then one.   Read the rest of this entry »

Mortgage rates as of October 30, 2008
30-year fixed FICO® score APR and Monthly payment *  

760-850      6.005%       $1,500
700-759       6.227%       $1,536
660-699      6.510%       $1,582
620-659       7.319%       $1,717
580-619      9.214%       $2,050
500-579       9.509%       $2,104
 Location  National Avg. Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Loan amount   * Estimated average over the life of the loan. Payments may vary.

A Classic sets up “The Showdown”…..A Giant is Awakening…The other 7-0 team….SRJC must win week…. Read the rest of this entry »

Quote of the Week

‘I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.’
Thomas Jefferson 1802

Prospect Mortgage , a “Direct Lender”      

                                 
  Nice savings now with a 5/1 FHA Jumbo arm to $662,250, just 6.125% 1 pt with a 1 % annual cap and a 5% life cap, only a 2.0 margin over the 1 yr CMT ( 1 yr t-bill)  now  just 1.64%, that would be just 3.34% on a loan up to $662,250  1 yr. adjustable . . .  and fixed for the first five years at the 6.125% .  So if the conventional jumbo won’t work , try FHA jumbo , 10% down

Email Pete.Phillippe@prospectmtg.com
From Pete’s Cell 707-481-2737

Read the rest of this entry »

Niners Fire Their Coach..
 
The most amazing thing about Mike Nolan getting fired is the reaction of the press.  It has the appearances that the move caught the them by surprise.    Yes I know that most of them were calling for the move, in some cases before the season started, but it seem to hit them in the head that the Niners haven’t been very good lately.   Well DUH.  Fifteen yards on the press for piling on. Read the rest of this entry »

A More Routine Week In The Sonoma County League…North Bay League leaders 6-0…SRJC wins a thriller…. Read the rest of this entry »

Since you have Countrywide loans have you looked at the recent settlement with BofA, Countrywide and the Attorney General of California? The Billion dollar agreement with the AG allows those with owner occupied Countrywide Home Loans which are Adjustable Rate Mortages to re-write their current loans to 90% of CURRENT MARKET VALUE and STAY IN THEIR HOMES!
I see you have a first and a second but this is a course of action WORTH PURSUING!! Here is the annoucement from the Attorney General’s Office!! Read the rest of this entry »

  Leslie Appleton-Young is a treasure for our California Assoc. of Realtors. She is articulate, fearless and knows her position is fraught with mis-steps and some startling miscues! The biggie she missed for the past year was the huge slide in the median price. The Chief Economist for Realtor’s in California missed it by about 30%!! But hey, Greenspan missed the WHOLE sub-prime collapse! But her interpretation of the numbers is why I listen to her. Here are some takes on last week’s 2009 Forecast whichi she gave at our Realtor Expo in LongBeach, California: Read the rest of this entry »

Attorney General Edmund G. Brown Jr. today announced a landmark, multi-state settlement with Countrywide Home Loans, Countrywide Financial Corporation and Full Spectrum Lending that is expected to provide up to $8.68 billion of home loan and foreclosure relief nationally, including $3.5 billion to California borrowers.

“With this settlement, homeowners will receive direct relief from the catastrophic damage caused by Countrywide,” said Attorney General Brown. “Countrywide’s lending practices turned the American dream into a nightmare for tens of thousands of families by putting them into loans they couldn’t understand and ultimately couldn’t afford.” Read the rest of this entry »