Indiana USDA Home Loan Professional

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Mortgage and Lending - Lakewood Lending Group, LLC (NMLS#132141)
Your Indiana USDA Mortgage Professional. With a Positive Attitude on Mortgage Finance.
RECENT BLOG POSTS
I have just a few quick pieces of advice that will help ensure excellent listing photos:   1.  Make sure the mini van is not in the foyer 2.  Remove the Police Danger "Red Tape"   Sometimes a picture is worth a thousand questions. 1. Did they put up the available sign after the Mini van was in th...
01/07/2009
Bush approved a $17 billion dollar auto bailout.      At least now that we've given the Automaker money, they have the money needed to file bankruptcy.   WHERE'S THE MONEY COMING FROM: Picture by: Ian Britton - FreeFoto.com   The constantly tapped ATM (First USA Bank of Taxpayers).The TARP (Troub...
12/20/2008
Networking is an excellent way to get where you want to go without all the effort.  There is an excellent tool on the Internet that helps facilitate networking, it's calling LinkedIn.com.  LikedIn allows you to see the contacts of your contacts, and as such approach them, e-mail, and otherwise. ...
06/23/2008
A balloonist is floating along and suddenly realizes he is lost. He lowers his altitude and notices a man in the field below him.  He calls out to him saying: "Excuse me, but I am lost. Could you tell me where I am?" The man below answers, "You are 50 feet in the air hovering above a field." The...
06/21/2008
DPA Killer The Storm is Coming.   Hud is trying to deliver another knockout punch to the housing industry.  Round 2 at eliminating Down Payment Assistance.  The proposed rule has just been published and has a 60 day comment period ending on August 15, 2008. HUD's topline motive is that loans car...
06/17/2008
How Much Is Too Much   More people are having their email pushed to a mobile phone.  Which creates the need for emails to be brief.  I have to admit I was one of the offenders in the past.  I had: Name Title Address Phone Toll-Free Phone Fax E-mail Website E-mail Footer - warning that a squirrel ...
06/12/2008
Washington House Bill 2770 goes into effect tomorrow, 06-12-2008.  Some main points: New material terms disclosure - 1 page loan summary No negative amortization loans (not a lot of these in the market place presently) No reverese mortgages (This needs to be revised) - and it appears the state is...
06/11/2008
Starting July 14, 2008 FHA will go to Risk Based Pricing to Determine the UP-front and monthly MI.  While overall it will not have a huge impact, it will increase some consumer monthly payment, and thus decrease the amount they will be able to borrowl The pricing is based on 3 factors: 1.  "Decis...
06/11/2008
Yes, you read it correctly.  The Lending Database Program is set to go into effect, July 1.  This will be the 3rd attempt at doing this.  The newest iteration is from Senate Bill 1167.  Plan on all loans in Cook County taking at least one week longer than usual, and if the borrower is required to...
06/11/2008
Today was the announcement of a Freeze on Subprime ARM's.To qualify they must meet the following criteria: Loan taken out between January 2005 and July 2007Rate will adjust between January 2008 and July 2010Less than 3% equity in their homeNo more than 60 days lateAble to handle current payment, ...
12/06/2007
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Jeremiah Wean

NMLS#132221
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