All posts by Colin Robertson
California Housing Market Still Strong
While many cities throughout the United States deal with bubble trouble, California has managed to hang onto a good chunk of its housing gains from the last few years, with year-to-year gains in many of the largest markets. Many high-growth ... Read More »
Option ARM Loans Still Most Touted Mortgage Program
After considerable negative press, the option-arm, or pick-a-pay loan continues to be the most touted by mortgage companies, mortgage brokers, and loan officers. Despite the fact these types of loans have been highly scrutinized for their dangerous tendencies, the trend ... Read More »
Southern California Homeowners Still Seeing Green
Well, the housing market may have burst, but the years of upside in the Southern California housing market have provided enough strength to keep home sellers happy, even at today’s ridiculous prices. So happy in fact, that the average homeowner ... Read More »
Stubborn Sellers, Patient Buyers Rule the Market
You’d think everyone would be trying to sell their home after the big profits they made in the past few years. Well, they are selling, but no one is buying. Mainly because sellers aren’t willing to part with their beloved ... Read More »
A Little Lesson About Loan Officers
Over the past five years the mortgage industry has seen an explosion in growth. With super-low mortgage rates and a vast array of loan programs available, new purchases and mortgage refinances surged. And along with that boom came an influx ... Read More »
Pick-a-Default-or-a-Foreclosure-Pay Mortgage
Let’s take a moment to talk about pick-a-pay mortgages, otherwise known as negative amortization loans, which have surged in popularity in the last five years – so much so that they’ve been highly featured, and in turn scrutinized, from USA ... Read More »
Slow Housing Market, Great Interest Rates?
Housing starts dropped to a three year low last month, and for the first time in 11 years housing prices have dropped. This is based on a median price comparison from year to year data from August 2005 and August ... Read More »
Feds Pause Rates, But is it Enough to Save Mortgage?
Fed Chairman Ben Bernanke left the federal funds rate unchanged Wednesday, steady at 5.25%. It’s the second month in a row that the fed decided to leaves rates as they are, and many feel this could be the end of ... Read More »
Mortgage is Dead
The mortgage industry is dead. Either that, or people haven’t come back from their Labor Day holiday yet. Or maybe it’s the fact that school is starting up again and people have other things on their mind. Either way, I ... Read More »
