Is the future so bright you just have to wear shades?
August 30, 2007
Got that big promotion? Will you be moving to take that new job? Shall I send over some sunglasses because the future is looking so bright?!
Won’t you be surprised when you go to sell your home and your prospective buyer can’t even qualify for a bank loan in spite of the fact that they intend to make very large down payment and have stellar credit histories! Horror of horrors, they cannot find a bank that wants to underwrite a conventional jumbo mortgage loan!
Welcome to the world of the home-grown subprime mortgage liquidity meltdown! You respond in bewilderment by saying that your home is in an upscale neighborhood and the “good” buyers in front of you have easily qualified for jumbo loans before (that is to say home loans greater than $417,000).
With a certain incredible air in your voice, you say your property does not even reside in California where the median home price is well above $500,000 (and jumbo mortgages are as much as 44 percent of all mortgages issued in certain metro areas, according to data from First American LoanPerformance).
Maybe it’s time to consider Owner Financing just to get out of Dodge….?!
I am not making this up. Consider these articles:
http://biz.yahoo.com/ap/070829/mortgage_applications.html?.v=1
http://biz.yahoo.com/ap/070829/expensive_homes.html?.v=2
Best in Success,
Maria Fee
REMI KNOX, LLC
Trading Financial Futures TM
281-346-0400 BUS | EMAIL MariaFee@REMIKNOX.com
866-871-5914 BUS |
281-346-1300 FAX | WEB www.REMIKNOX.com
Be your OWN BOSS! PART TIME NOTE BROKERING FOR FULL-TIME PROFIT.
Visit http://www.reminote.com/brokernotes.php.
Did anyone happen to see where residential mortgage applications in the United States fell last week?
August 25, 2007
“The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity fell 5.5% to 641.1 in the week ended August 17. Applications, however, may have climbed earlier in August as a major lender hurt by turmoil in mortgage bond and other financial markets closed its doors, forcing borrowers to reapply elsewhere, said Jay Brinkmann, a vice president of research at the MBA. The drop in applications we see here may be an indication that those borrowers have now been taken care of,’ he said.” You can read about it here:
http://www.cnbc.com/id/20387510
Mr. Brinkmann at the Mortgage Bankers Association posits that due to the fact Countrywide Financial had to lay off most of their lending help that every single perspective home loan borrower somehow got their lending needs met elsewhere! Do you think that’s the case? Do you think that every single perspective borrower found a private money lender to meet their housing needs?!
I’m not buying it. Owner Financing certainly is one way to go forward during this liquidity crunch but conventional lenders are simply not making mortgage loans like they used to.
I also read where privately held First Magnus Financial filed for bankruptcy and will no longer be issuing mortgages which leaves a gaping hole where the residential mortgage market used to be.
I smell money on the private mortgage side the likes of which haven’t been conceived of in over 20 plus years!
Best in Success,
Maria Fee
REMI KNOX, LLC
Trading Financial Futures TM
281-346-0400 BUS | EMAIL MariaFee@REMIKNOX.com
866-871-5914 BUS |
281-346-1300 FAX | WEB www.REMIKNOX.com
Be your OWN BOSS! PART TIME NOTE BROKERING FOR FULL-TIME PROFIT.
Visit http://www.reminote.com/brokernotes.php.
Deep Pockets or riding out the storm
August 24, 2007
Dear Reader,
By now you’re well aware of the fact that Bank of America has provided financial resources (in exchange for partial ownership) to Countrywide mortgages. Why did they do this? Are they not aware of the hemorrhaging that’s taking place in the subprime mortgage market?
The answer is of course they are but they are smart money people and they intend to ride out the financial storm because they have deep pockets.
Furthermore they’re buying pieces of Countrywide at cents on the dollar because Countrywide has no financial reserves. By being smart with their money, Bank of America has a huge design on the future and they have waited for such an opportunity as this to buy someone’s portfolio at firesale prices. The honchos at Bank of America are banking on the odds that all of Countrywide’s mortgage loans will not be going south simultaneously. Most mortgages will stay solvent.
One way or another, Bank of America is fiscally strong enough to weather the subprime mortgage storm. They were prudent during the real estate bubble and now have deep pockets….
If you have been financially prudent as well, this is an exciting time for Owner Financing! More people than ever before are going to need private source funds to finance their homes. Are you ready to help them?
Best in Success,
Maria Fee
REMI KNOX, LLC
Trading Financial Futures TM
281-346-0400 BUS | EMAIL MariaFee@REMIKNOX.com
866-871-5914 BUS |
281-346-1300 FAX | WEB www.REMIKNOX.com
Be your OWN BOSS! PART TIME NOTE BROKERING FOR FULL-TIME PROFIT.
Visit http://www.reminote.com/brokernotes.php.
“It’s a three-part business cycle now,” said Don Lampe, a partner with the law firm Womble Carlyle, whose specialty is mortgage matters. “Boom, bust and recrimination. We’re moving into the recrimination phase.”
And thus it begins. Individuals who could barely afford to pay their mortgage notes are now being forced to search the sofa cushions for additional money to participate in this new brand of class-action lawsuits.
Essentially, we’re moving into the third phase of the subprime mortgage meltdown by virtue of the fact that individuals are turning to litigation (false economy!) in order to make heads or tails of their mortgage woes.
You can read about it here:
http://biz.yahoo.com/cnnm/070821/081607_here_come_the_judgements.html?.v=5&.pf=loans
Best in Success,
Maria Fee
REMI KNOX, LLC
Trading Financial Futures TM
281-346-0400 BUS | EMAIL MariaFee@REMIKNOX.com
866-871-5914 BUS |
281-346-1300 FAX | WEB www.REMIKNOX.com
Be your OWN BOSS! PART TIME NOTE BROKERING FOR FULL-TIME PROFIT.
Visit http://www.reminote.com/brokernotes.php.
On Friday the Associated Press reported that First Magnus Financial Corp. was about to lay off nearly 99% of their workforce. First Magnus, which includes retail outlets such as Great Southwest mortgage and Charter Funding, was scheduled to close more than 300 of their offices and lay off nearly 6000 employees as they faced a credit liquidity crunch of the immense proportion. First Magnus says they were not involved in selling or bundling “subprime” mortgage loans but admitted that a bankruptcy filing was it a real possibility. I’d be inclined to believe that there’s a bubble in the real estate market when the largest privately held mortgage banking operation in the country is unable to make a profit selling $30 billion in loans in the year 2006 alone!
You can read more about it here: http://biz.yahoo.com/ap/070817/first_magnus_shutdown.html?.v=2
Best in Success,
Maria Fee
REMI KNOX, LLC
Trading Financial Futures TM
281-346-0400 BUS | EMAIL MariaFee@REMIKNOX.com
866-871-5914 BUS |
281-346-1300 FAX | WEB www.REMIKNOX.com
Be your OWN BOSS! PART TIME NOTE BROKERING FOR FULL-TIME PROFIT.
Visit http://www.reminote.com/brokernotes.php.
Owner Financing News as of 12/23/2007 A.D.
August 18, 2007
Hello note investor. My name is Maria Fee and I am the principal investor/owner at Remi Knox mortgage brokering company. I would like to welcome you to my blog which specializes in mortgage note information, owner financing and of course the growing of your personal wealth portfolio in the real estate market. I am traveling today but I would like to invite you to look around my web site as well as my blog in order to ascertain for yourself whether I may help you increase your wealth profile. I think you’ll see in no time that I am passionate about creating wealth by way of mortgage notes! Feel free to call me at 1-281-346-0400 or toll-free at 1-866-871-5914.
Basically, working smart is all about wealth creation. Mortgage notes and owner financing can get you there! As a subprime lending markets reel from write-downs and delayed financial reporting, I would like you to know that there’s never been a better time to invest in collateralized mortgage notes!
Allow me to elaborate. Do you want to make more money selling your own home than a conventional real estate transaction can offer? Owner Financing can help you with that.
Is it your wish to have better than average returns on your income producing real estate investments? Note Brokering can help you with that.
If in fact you are interested in increasing your wealth in a very prudent manner, I would like you to give me a chance to convince you that the best way to do that is through mortgage notes. It would be my joy to serve you in this area.
Best in success,
Maria Fee
REMI KNOX, LLC
Trading Financial Futures TM
281-346-0400 BUS | EMAIL Maria@REMIKNOX.com
866-871-5914 BUS |
281-346-1300 FAX | WEB www.REMIKNOX.com
Be your OWN BOSS! PART TIME NOTE BROKERING FOR FULL-TIME PROFIT.
Visit http://www.reminote.com/brokernotes.php.
