Garrick Werdmuller's Blog

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Mortgage and Lending - Caliber Home Loans - NMLS# 242952
RECENT BLOG POSTS
The Feds statement didn't surprise anyone. Since markets don't like surprises, and there were none, things improved. The Feds stated "Economic activity has continued to strengthen and the labor market is stabilizing...Household spending is expanding at a moderate rate but remains constrained by h...
03/17/2010
This has happened to me more than a number of times now so it is important I bring it to your attention.  Here is the scenario:   I am working with buyers looking to do a 10% down loan on a town home.  Every time I write a pre approval letter I speak with their real estate agent, "Are you sure it...
02/03/2010
Information Taken from Mortgage Daily News: The FOMC Statement has been released. Here is a recap FED REAFFIRMS PROMISE TO KEEP RATES EXCEPTIONALLY LOW FOR AN EXTENDED PERIOD FED REPEATS EXPECTATION THAT MORTGAGE BACKED SECURITIES, AGENCY DEBT PURCHASES TO BE EXECUTED BY END OF Q1 SWAP ARRANGEMEN...
01/27/2010
I realized after one of my recent blogs - THESE REAL ESTATE AGENTS ARE NUCKING FUTS, that not many agents or sellers or buyers know what a lender asks from an appraiser.  Its easy to point the finger at the appraiser and call him an idiot but I have found that when we do have a low appraisal many...
01/22/2010
As promised in late 2009 the Federal Housing Administration is changing tightening its guidelines in an effort to strengthen its capital reserves which are dangerously low.   FHA Commissioner David Stevens had this to say: "Striking the right balance between managing the FHA's risk, continuing t...
01/20/2010
This year I received my first accepted offer on January 1st!  What a great way to start the New Year! Yahoo!  Right?   The borrower is a great guy, met him though my website and looking in a heavy REO saturated area.  The property is owned by a real person who has been in the home for ten years. ...
01/08/2010
Rain Camp was Awesome (a redundant statement in the video but what the hey!) !!!  I think because I actually LOVE all this 2.0 and techie marketing I would have to say it was the best event I have attended as a mortgage professional and I have attended most of the big mortgage and real estate mar...
01/05/2010
She liked my answer so much I decided to blog it... We know interest rates will be going up soon. How soon and how much are the big questions. There is still no consensus on when the Fed will begin to increase rates. The majority, but not universal, expect the Fed to begin increasing rates by Q3,...
01/05/2010
Here is Part 1 and Part 2 of this series. I hope you find them as informative to watch as I did to make! All in All we interview a Real Estate Attorney, a Transaction Processor, @ Agents, 2 Tax Preparers, and a Mortgage Broker. You can access more of my videos at www.the-buzzz.com Have a Prospero...
12/21/2009
Happy Holidays Rain Makers!!! Jonas Kruckeberg, a co worker of mine put this together. I love it and am glad to be a part of it.
12/21/2009
Rainmaker
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Garrick Werdmuller

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