http://agbeat.com/real-estate-mortgage-economy/declining-markets-and-the-state-of-zero-down-loans/ News, insights, tools, and inspiration for business owners and professionals Fri, 10 Feb 2012 15:13:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://agbeat.com/real-estate-mortgage-economy/declining-markets-and-the-state-of-zero-down-loans/#comment-10568 Arizona Mortgage Guru » Changes to Declining Markets Policy Wed, 04 Jun 2008 14:53:14 +0000 http://agentgenius.com/?p=767#comment-10568 [...] been the word of the year for 2007, “declining markets” has a good chance of being the word of the year for 2008. The reason being that because Fannie and Freddie (along with mortgage insurance companies) [...] [...] been the word of the year for 2007, “declining markets” has a good chance of being the word of the year for 2008. The reason being that because Fannie and Freddie (along with mortgage insurance companies) [...]

]]> http://agbeat.com/real-estate-mortgage-economy/declining-markets-and-the-state-of-zero-down-loans/#comment-6474 tchat Sun, 23 Mar 2008 16:14:43 +0000 http://agentgenius.com/?p=767#comment-6474 My credit is very good, still citimortgage is asking for 15% down after giving verbal assurance that 5% down will do. The property somehow is in a declining market although the sales history of the town does not indicate so(only 6% down according to boston.com zip code[01890] decline history). I agree that fannie is running scared and designating towns as declining market at random. I would like to know the basis by which this is being done. My credit is very good, still citimortgage is asking for 15% down after giving verbal assurance that 5% down will do. The property somehow is in a declining market although the sales history of the town does not indicate so(only 6% down according to boston.com zip code[01890] decline history). I agree that fannie is running scared and designating towns as declining market at random. I would like to know the basis by which this is being done.

]]> http://agbeat.com/real-estate-mortgage-economy/declining-markets-and-the-state-of-zero-down-loans/#comment-3338 Ray SAenz Tue, 29 Jan 2008 05:50:22 +0000 http://agentgenius.com/?p=767#comment-3338 For today, I do not think that it will be available 100% financing, :) am I wrong? For today, I do not think that it will be available 100% financing,
am I wrong?

]]> http://agbeat.com/real-estate-mortgage-economy/declining-markets-and-the-state-of-zero-down-loans/#comment-2867 Matt Wed, 16 Jan 2008 04:40:36 +0000 http://agentgenius.com/?p=767#comment-2867 Please be aware that while this article on declining value is thoughful and well written, unless you are a veteran of the millitary 100% loans will more than likely be gone soon. FHA loans are 100% loans, they are 97% loans and unless the current lawsuits with HUD are successful, sellers will no longer be able to contribute the 3% down. Fannie Mae is only allowing 90% on condos now, Freddie has a history of following suit. I live in an area of good appreciation over the last 3 years and my zip code has been designated by Fannie as declining value. Many areas of the Denver market are simply not declining but fannie is running so scared with the losses they have experienced and will continue to experience the pendulum is swinging... Please be aware that while this article on declining value is thoughful and well written, unless you are a veteran of the millitary 100% loans will more than likely be gone soon. FHA loans are 100% loans, they are 97% loans and unless the current lawsuits with HUD are successful, sellers will no longer be able to contribute the 3% down. Fannie Mae is only allowing 90% on condos now, Freddie has a history of following suit. I live in an area of good appreciation over the last 3 years and my zip code has been designated by Fannie as declining value. Many areas of the Denver market are simply not declining but fannie is running so scared with the losses they have experienced and will continue to experience the pendulum is swinging…

]]> http://agbeat.com/real-estate-mortgage-economy/declining-markets-and-the-state-of-zero-down-loans/#comment-2712 Friday Links.. | The Ten Day Team Fri, 11 Jan 2008 16:35:35 +0000 http://agentgenius.com/?p=767#comment-2712 [...] Declining Markets-  We learn from Shailesh that appraisers can deem a market declining.  When that happens, I want MY BUYERS to know, and go in with eyes open.  (Ah, this reminds me of a story…about a Realtor that was incensed when my appraiser called and alerted me to the fact that it was a declining market.  I sold about 100 houses in my RE career.  This schmoe?  Ten.  But he pulls the expert card to sell his client up the river.)  [...] [...] Declining Markets-  We learn from Shailesh that appraisers can deem a market declining.  When that happens, I want MY BUYERS to know, and go in with eyes open.  (Ah, this reminds me of a story…about a Realtor that was incensed when my appraiser called and alerted me to the fact that it was a declining market.  I sold about 100 houses in my RE career.  This schmoe?  Ten.  But he pulls the expert card to sell his client up the river.)  [...]

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