Mar
What FHA Allows vs. What Lenders are Not Allowing
Join Tony Frerking of PMZ Home Loans for a lively and informative discussion covering the difference between what FHA allows vs. what the lenders are not allowing and why. When: March 12, 2009 at 2:00pm Where: PMZ University – 1600 North Carpenter Road, Modesto, CA 95351 Come by and get educated so that you can [...]
Mar
Market Snapshot
In early trading this morning, the Dow fell below 7,000 for the first time since 1997, as Stocks are trading lower on fears that the recession is getting worse. Also pressuring Stocks lower is news that insurance giant AIG lost more than $61 Billion in the 4th quarter of 2008–which is the biggest loss ever [...]
Feb
Market Snapshot
Stock prices plunged yesterday, sending the Dow to levels not seen since 1997. Mortgage Bonds, however, were unable to gain much, as tough overhead resistance and the enormous supply of Bonds kept a cap on prices.
In the news today, Consumer Confidence fell to its lowest reading since records began in 1967. The sour report indicates [...]
Feb
Market Snapshot
President Obama announced two initiatives to help homeowners avoid foreclosure. One is a refinancing program for homeowners with less than 20% equity in their homes, or who owe more than their home is worth. The second program attempts to lower monthly payments for homeowners at risk of losing their homes. I’ll be monitoring this information [...]