Updated: Monday, February 08, 2010
Washington Report: New Budget
Real estate took some whacks in the new 3.8 trillion dollar Obama budget presented to Congress last week, but there were some helpful proposals for housing as well.
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Developing Referral Relationships
Once you8217;ve received a referral, gathered information, and ranked the lead, it8217;s time to pick up the phone. The following advice and scripts will help you at each step of the lead-conversion process.
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Long-Term Mortgage Rates Remain Stable and Low
Freddie Mac today released the results of its Primary Mortgage Market Survey PMMSin which the 30-year fixed-rate mortgage FRM averaged 5.01 percent with an average 0.7 point for the week ending February 4, 2010, up from last week when it averaged 4.98 percent. Last year at this time, the 30-year FRM averaged 5.25 percent.
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Investor Report: Financing Opportunities
Youve probably heard that the Obama administrations budget sent to Congress last week emphasizes helping small businesses around the country. But you may not know that it also includes lots more potential financing opportunities for purchasers, owners and rehabbers of commercial real estate.
Full Story >
Long-Term Mortgage Rates Remain Stable and Low
Freddie Mac today released the results of its Primary Mortgage Market Survey PMMSin which the 30-year fixed-rate mortgage FRM averaged 5.01 percent with an average 0.7 point for the week ending February 4, 2010, up from last week when it averaged 4.98 percent. Last year at this time, the 30-year FRM averaged 5.25 percent.
Full Story >
Investor Report: Financing Opportunities
Youve probably heard that the Obama administrations budget sent to Congress last week emphasizes helping small businesses around the country. But you may not know that it also includes lots more potential financing opportunities for purchasers, owners and rehabbers of commercial real estate.
Full Story >
Developing Referral Relationships
Once you8217;ve received a referral, gathered information, and ranked the lead, it8217;s time to pick up the phone. The following advice and scripts will help you at each step of the lead-conversion process.
Full Story >
FHAs Tighter Guidelines
The FHA announced tighter guidelines January 20. Insurance premiums increased from 1.75 to 2.25 percent. Seller concessions are limited to 3 percent, down from 6 percent and new borrowers with a FICO score below 580 will need a 10 percent down payment instead of the 3.5 percent now required. GASP We have a choice. We can choose to support what they are trying to do, or we can complain loudly and keep the buying public confused.
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Builders, Ever Hear of the Merkley Amendment?
On Christmas Eve, December 24, 2009, the Senate by a 60 to 39 vote approved the Patient Protection And Affordable Coverage Act H.R. 3590. A large bill, as most have undoubtedly heard, was made a bit larger as language requiring small construction firms with more than five workers provide health care coverage or face stiff fines was, according to the National Association of Home Builders, slipped into the Senate health care legislation at the last minute.
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