Comments on: Note from Century 21 Mortgage http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/ Tracking Charlottesville's Real Estate Market since 2005 Fri, 12 Mar 2010 21:03:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: jason http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/comment-page-1/#comment-19010 jason Fri, 03 Oct 2008 16:14:20 +0000 http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/#comment-19010 Yeah, everyone in our business wants MORE. The problem isn't a lack of mortgage money, but the lack of willing and qualified borrowers. Just like it's not a problem of housing inventory, but able buyers. And the government is funding every lender right now, a la FNMA, FHLMC & GNMA. I guess they're trying to say that you won't have to be worried about them going under in the middle of a deal. But what's their bond rating? "Investor Grade" is a wide range (AAA to BBB). Even top-rated companies are having trouble borrowing right now: http://tinyurl.com/3tnund Yeah, everyone in our business wants MORE. The problem isn’t a lack of mortgage money, but the lack of willing and qualified borrowers. Just like it’s not a problem of housing inventory, but able buyers. And the government is funding every lender right now, a la FNMA, FHLMC & GNMA.

I guess they’re trying to say that you won’t have to be worried about them going under in the middle of a deal. But what’s their bond rating? “Investor Grade” is a wide range (AAA to BBB). Even top-rated companies are having trouble borrowing right now: http://tinyurl.com/3tnund

]]> By: Real C'ville - The Bubble Blog http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/comment-page-1/#comment-19009 Real C'ville - The Bubble Blog Fri, 03 Oct 2008 14:56:12 +0000 http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/#comment-19009 Jim, Can they provide more info? 1. What are the loan limits on the FHA and VA? (The same, or has there been a change in the past two weeks?) Are they doing mortgages other than these? 2. Is there a typical the LTV for "other" kinds of loans? (ie, what's the expected Down Payment?) 3. Who gave them the "investor grade bond rating"? Jim,

Can they provide more info?

1. What are the loan limits on the FHA and VA? (The same, or has there been a change in the past two weeks?) Are they doing mortgages other than these?

2. Is there a typical the LTV for “other” kinds of loans? (ie, what’s the expected Down Payment?)

3. Who gave them the “investor grade bond rating”?

]]> By: Joshua Dorkin @ BiggerPockets http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/comment-page-1/#comment-19006 Joshua Dorkin @ BiggerPockets Fri, 03 Oct 2008 14:37:06 +0000 http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/#comment-19006 . . . we can hold our breath and see what hyper-inflation feels like . . . JOY! . . . we can hold our breath and see what hyper-inflation feels like . . . JOY!

]]> By: Jim Duncan http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/comment-page-1/#comment-19003 Jim Duncan Fri, 03 Oct 2008 14:13:48 +0000 http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/#comment-19003 Josh - No kidding. And since the government can just print unlimited money ... Josh –

No kidding. And since the government can just print unlimited money …

]]> By: Joshua Dorkin @ BiggerPockets http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/comment-page-1/#comment-19002 Joshua Dorkin @ BiggerPockets Fri, 03 Oct 2008 13:36:17 +0000 http://www.realcentralva.com/2008/10/03/note-from-century-21-mortgage/#comment-19002 LOANS, LOANS, LOANS - We got big loans, small loans . . . you want it - we got it! Sounds like a carnival showman (or used car salesman) promoting the Big Show. LOANS, LOANS, LOANS – We got big loans, small loans . . . you want it – we got it!

Sounds like a carnival showman (or used car salesman) promoting the Big Show.

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