tag:blogger.com,1999:blog-5997094018903743272Thu, 19 Dec 2024 03:13:42 +0000This is a blog about past, current and future real estate times. I talk and share on all real estate topics. I have over 5yrs of lending practices and my partners have over 30yrs of Real Estate knowledge. Please feel free to ask or comment on any posting - all is welcomed! As a lender for Mortgage Express I lend in both OR and WA. But can answer questions no matter what the state!http://willamorin.blogspot.com/noreply@blogger.com (Will Amorin)Blogger20125en-usnoThis is a blog about past, current and future real estate times. I talk and share on all real estate topics. I have over 5yrs of lending practices and my partners have over 30yrs of Real Estate knowledge. Please feel free to ask or comment on any posting - all is welcomed! As a lender for Mortgage Express I lend in both OR and WA. But can answer questions no matter what the state!This is a blog about past, current and future real estate times. I talk and share on all real estate topics. I have over 5yrs of lending practices and my partners have over 30yrs of Real Estate knowledge. Please feel free to ask or comment on any posting noreply@blogger.comtag:blogger.com,1999:blog-5997094018903743272.post-132635788993201523Wed, 25 Feb 2009 18:42:00 +00002009-02-25T10:44:58.487-08:00Tax Credit for HomebuyersFirst-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction – a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income. The http://willamorin.blogspot.com/2009/02/important-high-lights-from-last-nights.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-6833678993719962029Wed, 04 Feb 2009 22:34:00 +00002009-02-04T14:35:52.242-08:00<!--[if gte mso 9]> Normal 0 false false false MicrosoftInternetExplorer4 <![endif]--><!--[if gte mso 9]> <![endif]--> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; http://willamorin.blogspot.com/2009/02/why-smart-people-are-refinancing-and.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-6628342060124095107Tue, 03 Feb 2009 23:13:00 +00002009-02-03T15:13:32.550-08:00By JILIAN MINCERAs the credit crisis has worsened, more seniors have turned to federally insured reverse mortgages to tap home equity and, in some cases, to prevent foreclosure.While still a very small share of the borrowing market, demand for these mortgages climbed in 2008 as credit tightened and retirement savings plunged. The market is expected to grow significantly as loan amounts increase http://willamorin.blogspot.com/2009/01/demand-for-reverse-mortgages-climbs.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-2416662391059188860Mon, 12 Jan 2009 21:09:00 +00002009-01-12T13:10:59.163-08:00More oil is put into storage, waiting for prices to riseRecord contango pushes up oil inventories; Cushing stockpiles at the highest By Moming Zhou, MarketWatchLast update: 2:01 p.m. EST Jan. 12, 2009Comments: 25NEW YORK (MarketWatch) - A record amount of crude oil has been put into storage as investors and producers waited for oil prices to rise in the following months, in the hope that they canhttp://willamorin.blogspot.com/2009/01/more-oil-is-put-into-storage.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-1301672949433906837Fri, 09 Jan 2009 21:08:00 +00002009-01-09T13:10:13.963-08:00Thomson Financial NewsWashington, Jan 08 2009 (IFR) - Boston Federal Reserve Bank President Eric Rosengren today said he supports expanded access to Federal Housing Administration (FHA) lending programs, among other fiscal and monetary efforts to boost the sagging US housing market. 'Making these programs more accessible to borrowers and banks would help ensure that low and moderate income http://willamorin.blogspot.com/2009/01/us-fed-rosengren-supports-expanded-fha.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-2932575406512774885Thu, 08 Jan 2009 22:49:00 +00002009-01-08T14:49:52.291-08:00CHICAGO (Dow Jones) -- Long-term mortgage rates dropped again this week, with the 30-year fixed-rate mortgage hitting a fourth consecutive record low in the history of Freddie Mac's weekly survey. The 30-year mortgage averaged 5.01% for the week ending Jan. 8, down from last week's 5.10%. The mortgage averaged 5.87% a year ago. The rate hasn't been lower since Freddie Mac's Primary Mortgage http://willamorin.blogspot.com/2009/01/mortgages-tenth-straight-decline-sends.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-3184376476209254390Wed, 24 Dec 2008 04:03:00 +00002008-12-23T20:06:04.598-08:00By Alan Rappeport in New YorkPublished: December 24 2008 02:00 | Last updated: December 24 2008 02:00The pace of sales of existing homes in the US slowed by 8.6 per cent last month, as buyers retreated from the market in spite of falling prices.Home resales fell to an annual rate of 4.49m in November, down 10.6 per cent year-on-year, the National Association of Realtors (NAR) said yesterday. The http://willamorin.blogspot.com/2008/12/us-home-sales-decline.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-2871655760787635702Sat, 20 Dec 2008 04:03:00 +00002008-12-19T20:05:40.924-08:00STAY AWAY FROM FAST CREDIT REPAIR AND LOOK INTO REFINANCING INTO AN FHA LOAN!If you’re looking to repair your credit due to consumer lates your best option may be through an FHA loan. Getting an FHA loan will allow you to pay off the bad debt and allow you to build credit back up by paying on your mortgage! Don’t think you qualify for an FHA loan? Don’t worry! First contact your local lender who http://willamorin.blogspot.com/2008/12/looking-to-repair-bad-credit-due-to.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-5295880479950802095Thu, 18 Dec 2008 19:43:00 +00002008-12-18T11:45:06.631-08:00WASHINGTON, Dec 18, 2008 /PRNewswire-USNewswire via COMTEX/ -- Office of Thrift Supervision Adopts New Rules to Safeguard Consumers; Federal Reserve Board and National Credit Union Administration Set To Act Later TodayNew rules adopted by the Office of Thrift Supervision today will help protect consumers from certain abusive credit card lending practices that can result in excessive fees and http://willamorin.blogspot.com/2008/12/consumers-get-important-new-credit-card.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-7620965130326391879Tue, 16 Dec 2008 22:33:00 +00002008-12-16T14:35:10.070-08:00SAN FRANCISCO (MarketWatch) -- Long-dated Treasurys extended their gains Tuesday, further crushing yields to historic lows, after the Federal Reserve slashed its target rate to as low as zero and repeated its intent to lower borrowing costs by buying bonds.http://http://www.marketwatch.com/news/story/treasury-yields-plunge-new-lows/story.aspx?guid=%7B2FB8B9AD-5E82-490D-95B9-153744E3FCBF%7D&amp;http://willamorin.blogspot.com/2008/12/feds-drop-rates.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-7155960909629849205Fri, 05 Dec 2008 22:53:00 +00002008-12-05T14:58:58.315-08:00Greg Maddux to retire on MondayDavid Zalubowski / Associated PressGreg Maddux will announce his retirement on Monday at a news conference in Las Vegas, according to Scott Boras.Greg Maddux, who won four Cy Young awards and 355 games, will announce his retirement on Monday.Maddux will make the official announcement at a news conference at baseball's winter meetings in his hometown of Las Vegas, http://willamorin.blogspot.com/2008/12/as-atlanta-braves-fan-im-sorry-to-see.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-1067193544306340212Fri, 05 Dec 2008 19:11:00 +00002008-12-05T11:17:36.844-08:00The former football great was sentenced Friday to up to 21 years behind bars for a botched robbery in Las Vegas, ending his life as a free man 13 years after he was acquitted of murdering his ex-wife and her friend.He must serve at least six years before being eligible for parole.Before being sentenced an emotional Simpson apologized for his actions in a soft, hoarse voice and begged Clark Countyhttp://willamorin.blogspot.com/2008/12/canned-juice-oj-simpson-headed-to.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-1971786804934184723Fri, 05 Dec 2008 00:31:00 +00002008-12-04T16:32:27.569-08:00NEW YORK (CNNMoney.com) -- The government finally realizes that it has to address the problems in the housing market. Unfortunately, it seems officials are considering going at it the wrong way.According to several reports, the Treasury Department is considering a plan to drive down mortgage rates as low as 4.5%. It would do this by purchasing mortgage-backed securities from the now essentially http://willamorin.blogspot.com/2008/12/lower-mortgage-rates-not-answer.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-6791331095145008300Wed, 03 Dec 2008 21:47:00 +00002008-12-03T16:51:09.052-08:00A editorial in todays USA Today references the mortgage rush that has occurred in the past week.Telephones are ringing — and ringing — at mortgage brokers' offices around the country after this week's sharp drop in mortgage rates. Average rates on 30-year fixed-rate mortgages fell to 5.97%, down from 6.33% the week before, according to Bankrate.com. Some brokers report rates as low as 5.25%. http://willamorin.blogspot.com/2008/12/home-shoppers-rush-in-as-mortgage-rates.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-7656609096622126284Tue, 25 Nov 2008 18:55:00 +00002008-11-25T11:00:09.986-08:00Rates have plunged this morning in response to an announcement by the Federal Reserve that it is initiating programs to purchase mortgage-backed securities backed by government-sponsored enterprises and direct obligations of the GSEs.The Fed said that it would purchase up to $500 billion of mortgage-backed securities beginning before year's end, and up to $100 billion of direct obligations of thehttp://willamorin.blogspot.com/2008/11/rates-drop-lowest-since-january-08.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-5772705302672398787Tue, 11 Nov 2008 22:53:00 +00002008-11-11T14:54:29.703-08:00Got an Hour…..Come join an expertDavid B. TuckLicensed Tax ConsultantIRS Enrolled AgentQuickBooks ProAdvisorFor an informative and free session highlighting:· Who qualifies and what property is eligible?· what are the income limits and purchase dates?· how does it work ?· What's the difference between a tax credit and zero down?· What's the repayment amount· Much more and room for questions!http://willamorin.blogspot.com/2008/11/learn-how-first-time-home-buyer-tax.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-4292813883141715314Mon, 10 Nov 2008 19:53:00 +00002008-11-10T12:50:40.632-08:00A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.Question 1: In utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances?Answer: Mortgagee Letter 2008-21 states in part: Legal fees and related foreclosurehttp://willamorin.blogspot.com/2008/11/loan-modifications.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-7558599798514364712Wed, 05 Nov 2008 23:12:00 +00002008-11-05T15:32:13.913-08:00Did you know that you can know purchase a home that has been damaged and recieve up to $35,000 addtional for repairs!??Through FHA - a program called 203K Rehab Loan will allow you to purchase a home that is in foreclosure and has been damaged, whether it's minor or serious. It will allow you to borrow up to $35,000 in additional funds to repair the damaged home. Here's how it works, directly http://willamorin.blogspot.com/2008/11/buying-foreclosed-home-that-has-damage.htmlnoreply@blogger.com (Will Amorin)0tag:blogger.com,1999:blog-5997094018903743272.post-4699986373983719993Wed, 05 Nov 2008 05:43:00 +00002008-11-04T22:03:33.743-08:00This evening history was made! Whether you voted Democrat or Republican history was made tonight in one of the most emotional events I've ever seen out of an inauguration of a new President. This much needed change has created a aura of joy and confidence back into America and it's a change that can already be seen all over the internet. Here we are, not even an hour after President Elect Obama http://willamorin.blogspot.com/2008/11/dollar-gains-against-euro-after-obamas.htmlnoreply@blogger.com (Will Amorin)0