Kate's Blog

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Mortgage and Lending - Carolina Home Mortgage
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With a month under our belts, the new GFE is not making a hit with the consumers.  I handed one to a borrower and told them that HUD suggests they shop three other mortgage companies,banks or credit unions. They looked at me as if I was crazy. Then they asked "Do I really have to do this to get a...
02/08/2010
Click on this link and read about how 17 Senators are urgung the Federal Reserve to ban YSP.  http://www.naihp.org/calltoaction.html     If YSP goes so does zero origination  National Association of Indepent Housing Professionals is fighting for you and the consumer.  We need to act NOW  Join thi...
01/13/2010
2008 has been riddled with obstacles. With the dawn of 2009, more regualtions will be issued and more changes in the way we all do business.  But, maybe the regulators will wake up to the fact that they have regualted an industry too much.  It is harder to decide who we should feel more competent...
12/26/2008
Helping borrowers with their financing has always been my career.  I love to help people get into homes.  However, lately, everyone is trying to get something for nothing.  Rates have gone up, values have gone down.  If they wanted to buy and get 100% financing, they should have months ago.  You ...
07/24/2008
What a turmoil..What a mes.. Rates are up up up today I have had three rate changes.. Are the Feds going to raise rates ? I sure hope so, then our rates would come down.  The speculation is killing buyers. Last week they heard 5.75 and this week they are hearing 6.25. That is a big spike in a wee...
06/10/2008
The weather is hotter and the flip flops are in full force. Memorial Day weekend is always a time to get the old grill out(literally) and enjoy time with family and friends. It is also a great time to network!  When you are in relaxed setting you get so much accomplished.  I hope everyone has a g...
05/22/2008
Ok I know it is a cliche but it is true.  Come into an office in a down state and guess what you will drain the energy of everyone around you.  Don't bring your problems to work... another old saying- but true.  Have you ever worked with someone who is constantly on the phone talking aobut  every...
05/19/2008
The storms last night caused sheer terror and havoc for some people in North Carolina. I hope yuor family and friends are ok. Lately, we are experiencing weaher that has been more native to other parts of the country. I fly a good deal and I have not had one smooth ride in quite some time.  I am ...
05/09/2008
Now you have no excuse for sending your comments to HUD.  Be specific and give them your opion on the new GFE..It is 4 pages and if you are a broker you have to lump sum all your fees and then credit it back to the borrower.A mortgage banker does not have to disclose their SRP.  Same old stuff.  ...
05/08/2008
What does that mean?  Well less loans will be Approved. You will see Levels but who is going to finance them? Fannie Mae is putting a cellar on the credit score of 580.  Everyone else has.  Mortgage Insurance will not be a mitigating risk factor anymore.  But most of this is going on already.  Th...
04/15/2008
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KateCrawford

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Blogging is a new experience for me. I equate this to a public diary. My passion is to provide great products and help people get into homes. That is why I enjoy this site. I will share ideas and my thoughts about this industry.