Denver home prices show decline – Despite the negative headline, the numbers show Denver is holding up better than some metropolitan areas. Denver didn’t participate in the rapid price inflation the past few years. This seems to be supporting a slower erosion in prices in this soft market. Colorado House kills credit-scoring bill – Last [...]
Read MoreThe reverb from the so-called “Subprime Meltdown” continues today. I received this email about an hour ago. Today, Indymac Bank is announcing the suspension of residential Construction- to-Permanent (CTP) loan production effective February 1, 2008. As you may know, Indymac has been committed to the CTP product for 13 years, and it has been and [...]
Read More lenders, Subprime MeltdownBe Informed Don’t sign an application or contract without understanding all the terms of the loan. Originators should be willing to explain all loan terms and conditions. No Pressure Don’t allow yourself to be pressured into a loan. Reputable mortgage originators strive to make consumers aware of and comfortable with their loan options. Use Caution [...]
Read More Consumer EducationA mortgage broker serves as an intermediary between the home buyer & the lender. The broker matches the consumers needs with the right lender. Mortgage brokers offer home buyers a choice and have access to the products of hundreds of lenders. The broker does everything a lender would do, checks your credit and work record, [...]
Read MoreWell we are finally going to begin showing off our digital selves. Look to these pages in the near future to hear the latest on The J. Berman Group. We are moving into some exciting new areas of mortgage consultation. In addition, the team is undergoing a systematic and structural revamping. The concept is simple: [...]
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