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September 2010
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Free Community Reports

FHA Changing all the Rules! NOT GOOD for 1st Time Homebuyers who are 40% of the marketplace here in Sonoma County,California!

FOR IMMEDIATE RELEASE Press Contact: Josephine Nicholas

734.385.6170 or josephine@icheadlines.com  

FHA Deals Housing Market a Blow

 Ann Arbor, MI, August 3, 2010 – “The Federal Housing Administration (FHA) is planning two major changes that will impact homebuyers and the housing market,” said Gibran Nicholas, Chairman of the CMPS Institute, an organization that trains and certifies mortgage bankers and [...]

Lou Barnes on Credit Tightening, Fannie Mae, Homeownership

I like to quote Lou Barnes on the radio show. He’s been commenting on the financial markets for some time and is a featued columnist at Inman.com Here he makes a strong arguement against further credit tightening noting this is NOT the time to bear down on the housing sector as [...]

Why is the real estate market defying recovery? “Credit.Not Enough,and wildly too tight” so says Lou Barnes-read on!

By Louis S. Barnes                                                                 June 4, 2010
              HomeBuyers and Sellers here in Sonoma,California need to follow Lou Barnes column.  ”Today’s payroll flop — only 20,000 real jobs created in May — will take some time to settle all the way in. Immediately: 10-year T-notes [...]

Sonoma County, California Home Sellers! The COST of overpricing your home!

 The following was put together by Bob Finn of RPM Mortgage.  This is a very interesting scenario and for Seller’s it can be a very dangerous trap! Overpricing has many pitfalls but here Bob puts them into terms you can understand and terms which effect your pocket book! Thanks Bob for sending this my way [...]

Interest Rate Updates for Sonoma County!! Pete the Interest Rate guy!

Pete Phillippe  Interest rates as of April 5, 2010! 

Cell 707-481-2737

Here comes the higher rates we have been talking about for a few months ,as the government backs away from buying so many of the mortgage backed securities we lenders are generating . . . so rates have to go up to attract new buyers [...]

Sweet Interest Rates for your SweetHeart on Valentine’s Day! 4.75! 1 Pt–Pitter Pat goes my Heart!

 Princeton Capital Group: Rates provided by our Interest Rate Guy: Pete Phillippe Give him a call at: 481-2737

Email Pete at: peterphillippe@princeton.com 

To $417,000 4.75% 1 pt , 30 yr fixed, or on a 5/1 arm program , 3.75% 1 pt !!

New Investment purchase or refinance to $417,000 5.125% at 1 pt!

To $662,250 5% 1pt 30 yr [...]

Sonoma County,California Interest Rate Updates for Home Purchases! Reported by Pete Phillippe Friday rates ! 4.75%!!

Here our some Super Rates for a Superbowl Weekend for all you Sonoma County Home Buyers and Sellers!

Commercial and multifamily loan originations in the 4th quarter 0f 2009 12% higher than they were during the same period last year. Loans for hotels up 105%, industrial property loans up 59% but multifamily loans down 8%. [...]

Sonoma County Home Loans-New Underwriting Guidelines EXPOSED!! Justin Harris with Benchmark Mortgage BACK for the New Years!

All of you Santa Rosa Buyers obtaining a loan to purchase your Sonoma County dream need to hear our guest discuss the NEW underwriting guidelines coming your way in 2010! Justin has put together a look at the “Total Analyis” of a real estate transaction. You can go to THIS LINK to see the analysis! [...]

Sonoma County,California Buyers-Underwriting is changing-get “RE-PreApproved”!!

Sonoma County Homebuyers! New Underwriting updates for 2010, of “things to come” By Pete Phillippe 707-481-2737

Buyers for Santa Rosa, Rohnert Park,Cotati,Sebastopol, all up and down the Hwy 101 Corridor–if you HAD been pre-approved for a loan a couple of months back? YOU NEED to get your lender to say you pass the NEW underwriting guidelines [...]

“Oldie but a Goodie” guest this week is Pete Phillippe! Our Loan Guy! Back by popular demand. What’s new Pete?

Friday rates provided by Pete Phillippe!   This Sunday’s “Oldie but a Goodie” guest!  

Contact Pete at: 888-305-2473 or 481-2737

Much stronger then expected economic news. Stock market up, retail sales up 1.3% ,twice the forecasted amount. Consumers spent a lot more than was thought last month. If consumers are spending rapidly  fuel [...]