Garrick Werdmuller's Blog

Mortgage and Lending - Caliber Home Loans - NMLS# 242952
On Saturday, July 17th, 2010, from 10 am to 4 pm the Alameda Association of REALTORS® and their AFFILIATE Partners will host The Green Home Expo at the Alameda Towne Centre. The Alameda Association of REALTORS ® is proud to host this fun and informative event to promote the growing interest in gr...
FHA mortgage applications rose dramatically in March to a total of 246,406 compared to 165,239 in February, an increase of 68 percent. Over two-thirds of the applications, 163,467, were for the purpose of purchasing a home while 75,541 were requests for refinancing. 7,398 were applications for Ho...
This March Governor Arnold Schwarzenegger kicked off his campaign to extend and expand the hugely successful homebuyer tax credit to sign legislation that will do just that. AB 183 will provide a tax credit of up to $10,000 to Californians who are buying their first home or purchasing a brand new...
The Commerce Department released March New Residential Construction: Building Permits and Housing Starts  data last Friday. In a nutshell, Housing Starts data estimates how much new residential real estate construction occurred in the last month. New construction means digging has begun. Renovati...
I received a great response to my email last week about the changes to FHA that happen on April 5, 2010 . One of the main concerns from both buyers and REALTORS® was what was happening with condos and FHA financing? As you may remember, HUD announced condo approval changes back in June of 2009. N...
FHA is getting tougher! What's The BUZZZ? In an effort to shore up its flailing balance sheet and dwindling capital reserves , the Federal Housing Authority is rolling out sweeping financial changes. FHA borrowers have to look better on paper and be better credit risks. Mortgage insurance premium...
Thanks to Kate McCaffrey and StopWaste’s Grant Chen, Erin McNichol and Misty McKinney.   While on this site you can apply for a home loan, get rate quotes, or find your dream home!  Take a look around and let me know if you need my assistance! Theme Song Courtesy of Matisyahu. 
Interestingly enough, in a recent survey, Thomas Reuters and the University of Michigan indicates that it is sellers who are holding the market at low levels. In the survey results, approximately 75 percent of homeowners who participated in the survey viewed current home buying conditions as favo...

Garrick Werdmuller

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