John's Blog

Mortgage and Lending - Academy Mortgage - NMLS#329710
Bond prices climbed for the fifth straight session Thursday, helped by a government auction of 30-year bonds. The dollar fell against the euro and gained versus the yen. That should keep mortgage rates on the way down. Ny tuesday of next week should be prime for locking conforming loans.
Treasury Secretatry Henry Paulson and the nation's big financial institutions are working out a voluntary plan to temporarily freeze interest rates on mortgages to subprime borrowers, according to several reports this morning. The effort is aimed at slowing the growing wave of foreclosures while ...
So how does one define ethics in a complicated industry where divided loyalty is the rule rather than the exception? When you have an obligation to the client to get the best loan, and obligation to the Realtor to do your best to close on time, an obligation to your firm to bring in good business...
 Federal Reserve Chairman Ben S. Bernanke told Congress yesterday the fed was examining rules in several areas, including restrictions on "liar loans" that do not require proof of a borrower's income, limits on financial penalties for borrowers who make early payments, and a mandate that some len...
Growing your business is tough work. The sales function is a time consuming task with a constant need to fill your "sales funnel" with fresh, qualified prospects on a regular basis. Finding the best qualified leads from your business does not come from a cold contact situation but from building a...
Anyone Want Some "Cheap" Mortgage Backed Bonds? From Dow Jones: US Broker-Dealer Circulating List Of Subprime Bonds For Sale. Some excerpts: In what one investor characterized Tuesday as a "fire sale," a broker dealer - which the investor said was John Devaney's United Capital Markets ... circula...
Here's a question I got from a reader today.I found your blog on the web and thought you might be able to answer a question. I'm currently looking for a duplex or triplex to purchase. I intend to finance my new home with an FHA mortgage. I hope to live in the new home for 1 to 2 years, at which t...
The Delaware economy is comprised of diverse, thriving industries that give the Fist State a strong, competitive edge. Auto Manufacturing World-renowned automotive companies have made Delaware a base for manufacturing and distribution. Volkswagen is the Port of Wilmington 's biggest tenant with 1...
Getting the Highest Price in the Shortest Time In order to get the highest price in the shortest time, you need to know how to market your home. The better you market your home, the more offers you will get. And the more offers you get, the more choices you have to get the price and terms you wan...
Harrington ERA Realty and at home mortgage offers the most comprehensive relocation service in our area. Some highlights of our program are: A highly-trained relocation team whose primary purpose is to see that your transfer into Central Delaware is smoothA full-time, licensed, corporate relocati...
here is an email I recived todayDear Client,  I am pleased to announce that, effective February 9, 2007, Bear Stearns has closed on the agreement to acquire ECC Capital Corporation's mortgage banking platform, Encore Credit. We will continue to operate under the Encore brand name as a separate di...

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