Kansas City Real Estate Network

Our Physician's Loan Program recognizes the special financial needs of our clients in the medical field. Benefits of this Loan Program include: 100% LoansNo Private Mortgage Insurance (PMI)Fixed or Adjustable Rates15 or 30 year amortizationSpecial consideration given on student loansAvailable to medical doctors, medical residents, full time ...

A few weeks ago the Justice department reached a settlement with five leading banks that provided residential mortgages. The settlement was $25 billion in restitution for abusive practices that pushed millions of homeowners into foreclosure. The five banks who agreed to the settlement were Ally Fiancial (formerly GMAC), Bank of America, ...

Fannie Mae Issued New Forbearance Guidelines for Unemployed Borrowers who are Behind on Their Mortgage Payments  Fannie Mae issued new guidelines to its servicers this week that allow lenders offer a temporary forbearance program of suspending or reducing the monthly payments for borrowers who are unemployed. Servicers can approve ...

For the second consecutive week, the FDIC and state regulators did not close any U.S. banks. 2011's total still stands at 90 banks closed. Here is a week-by-week comparison of bank closures over the past four years: RE/MAX sells more homes than any other real estate company. For a reason...should we talk? Blog post written by the Dowell ...

Senate Democrats and House Republicans proposed a plan to pay for the proposed payroll tax-cut extension. Their plan will increase  the ''guarantee'' fees that Fannie Mae and Freddie Mac will charge mortgage lenders. The government-sponsored enterprises, Fannie Mae and Freddie Mac, use the guarantee fees to cover defaulted mortgage loans ...

Rumors of bad news sparked real-life bad news for Swedbank and SEB, a Nordic global investing firm, this past weekend. A “groundless twitter rumor”,according to the banks, that Swedish banks were preparing to withdraw business from the Baltic republic sparked a run on Swedish banks. As many as 10,000 customers withdrew $29 million dollars from ATM ...

You Would Be Surprised Who Owns One of the Largest Mortgage Companies Who is Committing FraudDid you know that the attorney general is going after one of the largest mortgage companies for using fraudulent documents in foreclosure proceedings. The large mortgage company actually foreclosed in homeowners without holding the actual mortgage and also ...

Senate Backs Extending Deadline for Housing Tax Credit The Senate voted Wednesday to give homebuyers another three months to settle on their contracts and take advantage of a popular tax credit that sparked a rush of activity in the housing market.  The current deadline requires buyers to close by June 30 to get the $8,000 tax credit for ...

Wow.  Where we live and how we live....What drives us?  Are we, each of us, the sum total of our credit scores?  These scores affect our ability to rent a car, acquire and keep property and casualty insurance...open a bank account...and for 32% of all employers, the ability to choose the "best" candidate for the job. ...

In his work, Conspiracy of the Rich, Rich Dad entrepenour, Robert Kiosaki, discusses the fact that during our current crisis on Wall Street, wealth didn't evaporate, it just changed hands....WHAT DOES THIS HAVE TO DO WITH REAL ESTATE? Your equity, your value, may come back....If it does, and that's a big if, respected economists are ...

Has a bottom in real estate been reached?  Well at least some buyers think some.  The National Association of Realtors reported today that The Pending Home Sales Index rose 6.3% to 87.7 in December from a revised reading of 82.5 in November.  What happened?  Homes are simply becoming more affordable.  NAR's House ...

How to Find Zero Down Loan Programs in Kansas City Everyday I talk to first time home buyers who have been told by loan officers that they need at least 10% down to buy a home. If I gave a dollar to American Cancer Society for every time I hear from a buyer that they need lots of money to buy a home, I would the largest donator to the ...

...And indeed they have....and they may fall further yet....Check out this article written by the Mortgage Bankers Association....Rates are expected to fall and fall and fall.... http://www.usatoday.com/money/economy/housing/2008-12-11-mortgage-rates_N.htm ....So the $100,000 question is to buy now, or wait to buy?  Good question....Should ...

This evening I was contacted by an out-of-state homeowner who needs help....After three missed mortgage payments, this owner was frustrated, angry, hurt, scared,,,,And thoroughly confused. After numerous contacts with the lender, many broken promises, and too many unreturned telephone calls....this person is at the end of their rope. Many of ...

Home Retentions Specialist....Loss Mitigation Consultant....It all comes down to the same thing; helping a client stay in their home. The cost associated with losing your home are increasing. Let me say that another way; letting go of your home without a thorough review of your options may be just about the dumbest thing a client could ...

If you are looking for Commercial Real Estate loans under 6% currently, I know where to go. Tyson Scmitt from Bank of the West is offering Commerical Real Estate Loans for under 6%. Tyson also does 5 year term Commercial Real Estate Loans under 6 %.  Both of these loans right now have no fees.  It is a great opportunity for ...

I have been getting phone calls and e-mails about the new mortgage news. Once such e-mail is: "Don't look now, but rates are falling SIGNIFICANTLY.  The Fed announced this morning that it will purchase up to $600 Billion of mortgage backed securities.  This is HUGE.   This is causing rates to fall DRAMATICALLY, " says ...