Lending and everything Midwest - Larry's blog

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Mortgage and Lending - Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - NMLS ID# 158606
Designed as an open forum that just allows people to talk about anything pertinent. Not politically correct...just facts, fun, advice, expertise and opinions expressed here.

ARCHIVED BLOG POSTS

2007 

Only a few companies in Illinois have this program.  This allows you to have the pictures, prices, addresses and directions of every MLS listing without being bothered by an agent or lender.  This allows YOUR AGENT and YOUR LENDER to help you without harassing you.  None of the Major lenders has ...
08/07/2007
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The mortgage implod-o-meter....says that since late 2006...that there have been over 112 major lenders that have gone bankrupt since late 2006.  It gives information on all the lenders whom have:1) Imploded2) Those that are ailing3)  Those that are about to be sued.Why is this important????  It c...
08/07/2007
Pretty Rough stuff sports fans....take a look at what's happening in our mortgage capital markets....ewww!!!!  Rates dropped on Friday after the unemployment data came and the stock market worsened. A-paper FNMA/FHLMC loan prices improved nicely - one industry expert said that "agency product is ...
08/06/2007
Wow....just when you think that it may be safe to go back in the water (never mind...I guess no one really feels that it is safe to go back in the water).  There is a bloodbath out there.  Realtors work with lenders that can vouch for the veracity of what they're offering you.  Ultimately it's yo...
08/06/2007
This week has been brutal to the mortgage industry.  Not only have we seen jumbo rates climb 1.125%, but we've seen the death of American Home Mortgaege.  American Home was a great and veritable competitor.  I've been one who never wishes harm to my competitors.  As long as we're all playing fair...
08/05/2007
OK...I'm a Christian and Catholic.  So let's get that out of the way right away.  Both of those come with connotations of themselves.   A lot of Christians think that Catholics belong to the anti-christ and a lot of Catholics think that those who aren't Catholic are going to have a rough go of it...
08/04/2007
On my website for my clients rate alert the following is the Dow Jones for mortgages.  Pretty interesting trend down due mostly to the mortgage company fiasco of American Home Mortgage, the Sub-Prime and Alt - A fallout and recent consumer data.Mortgage Trend Index6782Mortgage Dow for the Week of...
08/03/2007
I have talked to my friends at American Home Mortgage.  I guess Indy Mac has taken a lot of the branches out west and has "cherry picked" some of the other branches....  The Salt Lake Tribune said yesterday, that American Home Mortgage Investment Corp., which raised fears this week that it may be...
08/03/2007
   Football season is here....thank GOD....My buddy Pete Tsakiris thinks that the bears will be fighting for the Super Bowl again this year...see Bears vs ???I say no way....they'll have the Super Bowl loser jinx is my guess.  I'm excited to see the new Packers.  This is their sophomore year.  Mi...
08/02/2007
The subprime market continues to fall.  Although there are a ton of mortgage companies that offer sub-prime and Alt-A products...they all pretty much roll up to the same 4-6 wall street firms.  The problem is when Wall Street decides that it won't accept any more of these loans, then the lender w...
08/01/2007
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Larry Bettag

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 1 “Let not your heart be troubled; you believe in God, believe also in Me. 2 In My Father’s house are many mansions; if it were not so, I would have told you. I go to prepare a place for you. 3 And if I go and prepare a place for you, I will come again and receive you to Myself; that where I am, there you may be also. 4 And where I go you know, and the way you know.”
(John 14:1-4, New King James Version) I review for BookSneeze

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Larry Bettag

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