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

2010 

On November 19, Freddie Mac announced that they are maintaining the temporary maximum loan limits for mortgages secured by properties located in designated high-cost areas through September 30, 2011. The base conforming loan limits will also be maintained at the current 2010 levels through Decemb...
11/22/2010
Just go through this 1 minute commercial as provided by Saturday Night Live. I almost think that the theme for the T.S.A. should be the same as A.T.&T. "Reach out and Touch Someone." But, of course, Saturday Night Live does it better than them all. When doing the 1 minute parody of the T.S.A. the...
11/22/2010
So, every so often I put a shout out for some great lenders.  This past week, I met with 6 branches from Missouri to Northern Wisconsin, to Indiana and Ohio.  My real passion though is in Illinois.  I've received some committments from some awesome folks this past week.  Working with some huge le...
11/21/2010
So we're the last day that Fall River Road is open in the Rockies!  How fun is that?  My wife and kids were freaking as we drove to the top of this mountain on an old, one way, dirt road while the snows came a pummelling down.  We had a great time once we got to the top, but I dealt with a lot o...
11/21/2010
Pretty much sums it up here. We know that the end of every recession has come through real estate. In the beginning of this year the Fed said that they would no longer be buying Treasuries and Mortgage BAcked Securities. Just two weeks ago, the administration said "we need to keep rates down and...
11/17/2010
As you may or may not be aware, one of the major changes announced last year by HUD/FHA in HUD Mortgagee Letter 2009-46B is that  all condominium projects that were initially approved prior to 10-1-2008 will expire as of 12-7-2010 and going forward all others approved after 10-1-2008 will expire ...
11/15/2010
It just happened.  I spent about 1.5 months getting this guy's ducks in a row.  Sounds almost too good to be true.  But it is true.  You can't do it on a conventional loan.  You can, however, do with an FHA mortgage with: TWO CRITICAL CAVEATS!!!!! The bank can't be reporting a deficiency and; The...
11/11/2010
I gotta tell you!  This was the best vacation or retreat for our family ever.  My kids went ballistic and my wife and I reconnected in ways that we should always do.  Needless to say, we went up Fall River Road in Rocky Mountain National Park.  As soon as we got on the 7 mile, one way, dirt road...
11/10/2010
I can't believe that some people just don't get it..... Governor Pat Quinn appears to have won the Illinois election for governor, but we won't really know for another 20 days or so.  Needless to say, Governor Pat Quinn just implemented his new taxes on September 1, 2009.  The new "Quinn Taxes" a...
11/09/2010
OK....So You're thinking that your chances of getting a jumbo loan or refinancing your jumbo loan have the worst odds? The market sucks, home values have dropped and the no income loans of days of yore are like a dinosaur from a different time era that no one wants to remember. So You're Saying I...
11/08/2010
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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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