Lonnie Glessner's (lonnieglessner) Blog

By
Mortgage and Lending - America's Mortgage LLC
RECENT BLOG POSTS
This week I had a client who pulled his own credit reports and credit scores from all 3 credit bureaus. What alarmed me is that Experian and TransUnion are apparently using a new credit scoring model with consumers that is NOT compatible with traditional credit scores that we as a mortgage compan...
11/07/2008
In October the inventory of unsold homes in Denver plummeted by 20.1% from October 2007 inventory levels. This October there were 23,120 unsold homes available; last October there were nearly 29,000 homes for sale in the Denver metro area. Somewhat surprisingly the number of homes placed under co...
11/07/2008
Currently, every two years dozens of new Congresspeople go to D.C. to serve their people and to "shake up" D.C. But, instead of getting to use a Kitchen Aid Blender to shake up things, all they get to use is a small plastic spork. Thus, nothing changes in D.C. Why does this happen? To shake up th...
11/05/2008
My final solution to keep this Mortgage Mess from ever happening again is "to draw and quarter all politicians in D.C." Just kidding!  But seriously, there are things that we as the employers of these politicians should do. First, we need to create term limits for anyone serving in Washington D.C...
11/04/2008
I know for many real estate agents that your business may be down 30%, 40%, 50% or even more this year and it HURTS! In the words of President Clinton, "I feel your pain". This is why for the last 14 months I have been offering my Referral Partners, both real estate agents and financial advisors,...
11/03/2008
Today's post is my 4th suggestion/solution for keeping the Mortgage Mess from ever happening again and the Word for today is...accountability. We must hold the executive leaders of financial firms and their boards accountable. I believe the board of a company should be more involved in oversight ...
11/03/2008
This week the S&P Case-Shiller Index was released with information from the month of August. For Denver, home prices have increased 4.1% in the last 6 months since March! This continues to be great news. It appears that for Denver, March was the bottom of the market. Hopefully, this bottom will h...
10/31/2008
•·         Beginning January people 62 and older will be able to use a FHA Reverse Mortgage to buy a home. Yeah! A reverse mortgage requires no monthly payment, no income or employment information is needed or verified, bad credit is no concern either. They are very easy loans to get approved and...
10/31/2008
The third solution to keep this Mortgage Mess from ever happening again is by addressing the policy of "Too big to fail". In the last 15 years we have allowed and even encouraged companies to grow too big for the public's good. Fannie Mae and Freddie Mac are the poster children of this policy. To...
10/31/2008
Earlier this week a first time home buyer called me looking for help with buying their first home with no money down. Neither one of them are a veteran of the military, so a VA loan is not possible. Second, their income is too high for any down payment assistance loans except for CHFA loans. Here...
10/30/2008
Rainer
25,425

Lonnie Glessner

local_phone(303) 993-2367
smartphone(303) 881-6374
Contact The Author