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Posts Tagged ‘mortgage’

Stop sabotaging your mortgage approval!

6 tips to keep that mortgage rolling!

housing-market-graph-and-toy-houseThat mortgage may begin with a pre-approval, but the point is to get it funded for escrow to close on that property!

On todays show, we are going to cover 6 of the ways that buyers can screw up their approval and potentially sabotage their ability to buy that property!

Some of them seem like common sense, but a few of them will likely surprise you!

The show is now available on iHeartRadio (! If you you are a fan of iHeart – make sure to check it out! Just do a search on “real estate realities” and the show should come right up!

Please help the show by filling out the audience demographic survey (

Also, check out links to the articles discussed in todays show, check out the show notes at

Click “Read More” below for links, and other info!

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Race and Lending

You are either going to love me or hate me after this one

I came across a “study” recently relating to lending to minority communities. This subject annoys the hell out of me since the vast majority of the time, what is being sold as solid data is a ridiculous manipulation of opinion by making assumptions that do not at all line up with the data collected.

This study is just one such example. As a matter of policy, it is important to understand that lenders are among the most regulated folks on the planet. Anyone engaging in lending that was biased against any race (and only on their race) would be found out relatively quickly and those folks would go to jail.

So what do we do with studies like the one we are covering today that clearly claim that some folks are not getting loans only because of their skin color? Well, we pay attention and we think our way through it. That is what we are doing today.

Also, the show is now available on iHeartRadio! If you you are a fan of iHeart – make sure to check it out! Just do a search on “real estate realities” and the show should come right up!

Please help the show by filling out the audience demographic survey.

#lending #racism #realestate #bias #fairlending #communityreinvestment #subprime #mortgage

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What if its mold?

Plus: Serious delinquency rate is up!

aReal-Estate-Realities-Podcast-Logo-9-1400It is the perfect time of year to take some time and check out your home for mold. The key is to focus on moisture. Since we are at the tail end of the rainy season, check for leaks in your roof or areas where drainage around your home might be allowing this moisture to get into your walls.

Your best mold detector is your nose, but if you can find leaks or moisture before you can smell it, you are just ahead of the game. We will talk about the most likely places to find mold but also some ways to deal with it.

We have also seen an increase in the level of serious mortgage delinquency in January. That means folks that are more than 3 months behind on their mortgage or already in foreclosure.

Personal income and personal spending both increased by the same amount last month. It looks like folks are confident to keep on spending!

Cash sales, a key indicator of investor activity, has also declined again this month.

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2016 Real Estate Predictions According To Fitch Ratings

Another expert lets us know what to expect in 2016!

There seems to be no shortage of pundits out there who are ready to tell us what to expect in 2016. Today we will see what the Fitch Ratings expect in 2016. For each prediction, we will talk about what they expect and then run it through our own filter of what we have talked about to see if we think they are on target, or maybe a little off the mark.

Of course, we will also take a little time today to talk about the most recent news relating to real estate. The stock market has once again closed down and is turning out to be the worst opening to a new year in a very long time. It makes me wonder whether or not The Fed can actually say it will raise rates in 2016 as they said in December.

Chinas market is imploding and some pundits in Europe are suggesting that their clients pull their money out of the markets entirely!

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The FED blinks. No rate hike!

There is a certain pleasure in being able to say ‘I told you so’. I usually try to just internally give myself a pat on the back in those cases, but I had SO many people tell me that I was completely wrong about what the FED was going to do with interest rates, I kinda could not resist pointing it out.

So what do we do now? If the rates are not going to go up now, when will they? How should this effect buyers sellers and investors? We will cover it all in todays show!

Here are a few links for you to check out:

HousingWires Article

WSJ Article


Don’t forget to check out my new Pintrest boards!

Finally, since this is a FED focused episode, don’t forget to get a copy of “The Creature From Jekyll Island” to learn more about this organization that pokes you with the money stick every single day!

Download the episode here!

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