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.



Yesterday...Rates rose sharply on Monday, pushing Treasury yields up 20bp or more and returning yields to their early-March/late-February levels across the curve.  The FHLB got final approval to double mortgage investments. While several reasons were raised for the MBS sell-off, it appeared techn...
Calling all loan officers...... and anyone else daring.... The Mortgage Week in ReviewWell....here it is...the much awaited WIR Week in Review for the infamous Mortgage Pros.  I was honored, humbled and terrified when my friend, Jeff "The mortgage Stud" Belonger asked me to take a ride on his coa...
I love writing.  I recieved a degree in English and Literature and Communications when I was in College.  This translates to great things in AR as well.  I get to serve my writing fetish by trying to post something of value.  Whether it valuable to me or others is for the reader to decide.  There...
That's it...that's the bottom line....what do you do.  You've worked hard for months with a certain buyer and they decide not to buy in your area and they dump you for a realtor 5 towns over.  Or your loan was to close next week.  You've spent 45 days getting this deal done that no one else could...
 OK, I get this new client who wants to do business with me.  They contact me on Monday.  Today is Tuesday.  They have "a lot of business" to do with me and have actually heard that I'm the "man with a plan."  In other words, I can get things done when no one else could.I am introduced to this cl...
I was at an event the other day and I heard one realtor talking to another realtor about a particular local lender.  The one realtor said that lender's suck.  I went on minding my own business.  The other realtors knew that I am lender and serve people within their office, but they didn't know th...
In an emergency move, the Fed cut the discount rate (the rate on direct loans to banks) by 0.25% to 3.25%.  The Fed also announced that it will create a lending facility for the 20 primary dealers (the first time the Fed has extended financing to non-banks since the Great Depression), which will ...
Alphonso Jackson, Secretary of Housing and Urban Development Friday proposed a mortgage reform designed to help consumers better understand the terms of the loans they are considering and offering guidelines for shopping for different products.  This is cool since many consumers don't understand ...
Weekly jobless claims data reflected a mixed activity.  Initial claims (week ending March 8th) were unchanged at 353k, relative to the estimate of 357k and last week's upwardly revised level of 353k.  The prior week's level was originally reported as 351k.  As you are well aware, we like to look ...
Dad's, I have 3 sons. Yes....MY THREE SONS. I have a 9, 7 and 3 year old sons. I am a blessed man. Organized Chaos....nothing short of a dad raising a bunch of future leaders of America. I'm to raise just steller men. But I'm having a blast with them now. My oldest has the best heart ever. The se...

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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