Ernesto Sanchez's (esanchez66) Blog

Mortgage and Lending - self employed
Hello all, I hope every one had a great weekend. I was out Sunday, looking for some open houses and was shocked at how few I was able to find. The over abundance of homes is very visible but I had to hunt down the open houses. If you have been in this industry for more than 7 years you will know ...
Well folks, unless you have been under a rock for the last few weeks you know that there is some serious problems going on in the mortgage industry. I have to tell you, although I am just as nervous as the next guy, I am very happy to be with a huge power house like GMAC. We have the liquidity to...
In recent years there has been a lot of controversy surrounding the Option Arm loan (aka Negative Amortization or "Neg. Am." loan). Some of the stories we've heard would almost have you believe that the loan was a living and breathing thing that devours homes and people alike. Like all loans, the...
I was reading in the Wall Street Journal today that Housing Starts were down much lower than they have been in the last two years. In layman's terms, the number of single-family homes that are currently being built has dropped considerably. Analyst's track this statistic by using the number of bu...

Ernesto Sanchez

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