Archive for the ‘Mortgage Updates’ Category:

THE SHRINKING WORLD OF MORTGAGE LENDING

By Eric Janssen on February 15th, 2012
By Robert Fetton- DE Captial Mortgage A few developments in the world of mortgage banking that is worth mentioning.  This summer, MetLife, who owns MetLife Home Loans, a division of MetLife Bank, decided to sell their banking and mortgage originations unit.  They cannot deal with the new regulations handed down by Barney Frank and Chris ... [Continue Reading]

10 reasons to avoid Short sales in the Manhattan real estate market!

By Eric Janssen on February 1st, 2012
10 reasons to avoid Short sales in the Manhattan real estate market!
Trying to sell an apartment or house in Manhattan that is under water is extremely complicated! It is so much easier to sell a property that is not under water. I recently closed on a brutal deal on the Upper West Side that basically consumed me for the better part of 6 months.  (A regular ... [Continue Reading]

Wall Street and Mega Banks Take No Responsibility

By Eric Janssen on October 12th, 2011
Wall Street and Mega Banks Take No Responsibility
Written by Rob Fetten  DE Capital Mortgage   I have somewhat of an inside track on how the executive management feels about the financial and housing crisis.  I have heard their claims and excuses first hand through live web meetings and media released communications.  I have heard it from:  JP Morgan Chase Bank ofAmerica WellsFargo ... [Continue Reading]

Mortgage Workers Union and the willingness to change

By Eric Janssen on September 15th, 2011
Written by: By Rob Fetten DE Capital Mortgage The mortgage loan industry continues to suffer through the pain of learning the new way to do business today.   All things have changed from the time a customer decides to purchase or refinance, to the time of closing, and through post closing and loan servicing. Mortgage loan ... [Continue Reading]

Debt Ceiling reduces mortgage rates

By Eric Janssen on August 10th, 2011
Written by Robert Fetten of  DE | Capital Mortgage Due to the debt ceiling debate and the general lack of economic growth for the second quarter of 2011, the mortgage rates have decreased 50 basis points in the past 3 weeks. This equates to .5% reduction in 30 year mortgage pricing for new home buyers ... [Continue Reading]
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