The Big Buzz In The Woodlands Real Estate, Mortgages
August 16th, 2007 Categories: Gulf Coast Real Estate News
While at lunch today for the Top Producers at Keller Williams ~ The Woodlands, the big buzz was all about mortgages. I have a 6 closing domino effect coming into play with homes being sold in Ohio and families coming into Texas.
I found out that the first party did not qualify at the last minute for their loan and the Realtor had to go to the second choice. Nerves are edgy with closings these days. Make SURE the lender is solvent!
The news today was Country Wide and falling home prices and rising delinquencies and foreclosures among loans made on risky terms have raised uncertainties about the value of investment securities backed by mortgage loans.
This has reduced the amount of investment capital flowing into such securities, making it harder for some lenders to get the money they need to continue making loans. (Inman News)
If you are worried about your clients financing and are not familiar with the company funding the loan, it is always safe to go to your local bank for advice on the situation. At Woodforest National Bank we are here not only to provide a sound mortgage program, but to be an extra set of eyes and ears for you and your clients as well! If you have any market/financing related questions please do not hesitate to contact us at 832.375.2545. Having a solid banking relationship locally that you can trust and count on will serve you very well time and time again.
Boy, I feel for ya. So important these days to make sure that you are with a major Lending institution. Thank heavens I haven’t personally experienced that but certainly have heard about others who have. Hope they each fund for ya.
Review: Gears of War game…
Yes, we realise that this isn’t exactly an original premise for a computer game, but it’s as good an excuse…
Schneier on leaving his -…
And if my computer isn’t secure on a public network, securing my own network isn’t going to reduce my…
Crews work to clean up…
AP - January 9, 2008 10:14 PM ET LOS OLIVOS, Calif. (AP) - Crews are working to clean up a…
Christmas Day tiger attack at…
Zoo employees did find an empty vodka bottle in the brothers’ car, said the zoo’s newest hire, Sam Singer, who…
Muslim gangs: Coming soon to…
Reminding them of the state’s past glories as an automotive giant, Huckabee wants “to make something happen Tuesday” referring to…
MGM Takes ‘American Gladiators’ Online,…
It’s truly exciting to see the Gladiators franchise grow and continue to succeed on all levels.” “These new multimedia initiatives…
Sisters charged in abortion clinic…
Sisters charged in abortion clinic scandalConcord Monitor, NH -8 hours agoThe original fictitious name statement filed for the business lists Bertha Bugarin…
MDs show ’serious’ weight bias…
MDs show ’serious’ weight biasOttawa Citizen, Canada -Feb 4, 2008…”weight-sensitive” reading material, wide examination tables, bolted to the floor, plus-size gowns…
Snowboarders Test-Drive Taos - Transworld…
It’s most like Wolf Creek, Crested Butte (without the real estate initiatives), and what Aspen Highlands used to be. It’s…
SF mayor pops the question…
Flanagan said Spears had a valid Louisiana license at the time of the incident, and got a California license six…
Turner Sports expands pro partnerships…
Over the next two weeks, LIVE@ will provide coverage of the FBR Open from Scottsdale, Ariz., and the AT&T Pebble…