The new cliché in the mortgage industry is that “We are getting back to basics.” I have heard this phrase thrown around lately, but sometimes I wonder if anyone except other lenders knows what we are talking about? I have a theory that if you get 2 or more mortgage lenders in a room at [...]
Full Story »First time homebuyer tax credit extension
The $8,000 first time homebuyer tax credit of 2009 has been extended until April 30th, 2010. By the deadline you must be in a written binding contract, but will have until July 1st, 2010 to actually close on a home. A first time homebuyer is someone who has not owned a home in the last [...]
Full Story »October 2009 Market Review and November Outlook: Courtesy of Fuller Asset Managment
Posted: 02 Nov 2009 08:19 AM PST Lawrence Fuller, Managing Director and Portfolio Manager The string of seven consecutive monthly gains in stock prices ended in October over concerns that the economic recovery is losing momentum, despite a report that the economy grew 3.5% last quarter, signifying that the recession is likely over. The Standard [...]
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