FHA, VA, TVLB and USDA Mortgages and Industry Update

I hope that your Christmas was blessed and that you had a joyous day.    The new year of 2009 is upon us this week.   The year of 2008 held for us a lot of changes, uncertainity, challenges, and determination.    But I have a decided heart that we will continue to challenge ourselves in 2009 to b...

Mark to Market Accounting By Barry Habib Chairman of the Board, Mortgage Success Source The financial crisis we are in today was not caused by mortgages or housing, although they were both catalysts. The real reason was an accounting rule called "Mark to Market" (also known as FASB 157).   Few pe...

My friend and mentor Todd Duncan spoke at the conference I was in last week and gave one of the most inspirational speeches I've ever heard.  His wife is battling stage 4 cancer and is not doing well at all.  She insisted that he stay the course and be at the conference (which he hosted) and prac...

You will find that today's update is the... Lists Day.  It was not intentional-  just a lot of information to get out to you!   We have the "new and improved" updated list for the First Time Home Buyer Programs available in Dallas/ Fort Worth;  We have the 2008- 3rd Quarter Zillow Appreciation/ D...

With this being the first week of November (which is Thankful Month), I want to thank you for your referrals.   We always want to be your information source, but we also love to reap our harvest and appreciate you having us be your mortgage lender of choice.    Our team is knowledgeable, experien...

Thoughts from the Frontline Weekly Newsletter Electing the Janitor-in-Chief by John MauldinOctober 31, 2008   In this issue: Electing the Janitor-in-ChiefCan't Borrow on Your Home? Whip out the Credit Card!Deficits as High as an Elephant's EyeCan You Count to 41?Chairs, Moving, and Tony Bennett ...

Happy Halloween!    Hope that your day is blessed with lots of treats and no tricks :).   As you know, the Feds cut the Fed Funds* and Discount** Rate on Wednesday.   So what does it mean?    Well, it depends (sounds like mom doesn't it).   Depending on the reaction of the market will depend on w...

Market Conditions-October 2008 By CJ Winchester   Current credit crunch and liquidity of financial institutions has rippled fear across our nation and beyond.   Started with 4 specific instances- •1.    1997 Community Reinvestment act forcing reduction of lending standard. •2.    Tax Payer Relief...

$10,000 First Time Home Buyer Monies Now Available in Dallas, Rescuing the American Dream Training, Halloween Fun+ Flu Shots, Market Report for the Week So this week was a little bit quieter (or is it that we are getting too use to the volatility?).   Rates came down between .125-.25 so that help...

Rescuing the American Dream- Last Training Class This Year, Investment Properies go to 20% down, Reference Guide for Loans Now Available, Early Voting Information Training Class in November-   "Rescuing the American Dream" Due to a lot of calls, we are going to teach one last class in November wh...