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Mortgage News from WAMU’s upper management released today in an email to me

Posted on: August 3rd, 2007 by:

Please read below to hear what a large bank such as WAMU feels about the reactions on wall street to our current mortgage market. Again, conventional and government mortgages (FHA and VA) are going to potentially quintupial as a result of the drawback we are seeing on the market for mortgages. Ray ~ read as […] …read more

How will radical changes in mortgage underwriting effect you?

Posted on: August 2nd, 2007 by:

If you are like many people you are wondering what is going on right now in the residential mortgage world. In the last few days I have watched the reactions to Wall Streets distaste for Alternative Documentation Mortgages. This a result of poor performances on those loans. The rising foreclosure rates across the country have […] …read more

Just what has happened to mortgage rates this month in Denver??

Posted on: June 11th, 2007 by:

Well, it has finally started happening! Mortgage rates in Denver have been climbing steadily for the last month. That would make the mortgage rates in Denver and in Colorado the highest we have seen in a year and almost the highest we have seen in two years. So you ask what has caused this to […] …read more

Do you have a broken ARM that is about to adjust or a bad loan from a mortgage broker and need honest answers?

Posted on: June 11th, 2007 by:

Many times over the past three months I have gotten that all too familiar call from previous clients. It goes something like this “Hey Ray, It’s ______ and my (friend, brother, neighbor, colleague) has a loan that is going to go up in rate in ___ days/months. Can you help?” I have seen many good […] …read more