Showing posts from July 12, 2009

Tid Bits!

Important product news this week: we just got word that for properties in Jefferson, King & Snohomish counties, our Jumbo Product will allow for a loan amount up to 70% loan to value! This helps and we will interpret this as a positive sign.

I saw an article form (a firm that tracks California foreclosure info). Here is a positive statistic for California: Notice of Defaults were down for May 4.2% and year over year down 3.1%. An article from Business Week, on the other hand, predicts that housing will be back to "normal" in 2012, with another 6 to 12 months before the bottom is charted. This type of prediction, in my mind, doesn't hold a lot of weight. The two most important factors in our housing market are local job growth and demographics. Of course, the overall economy plays its role as well. People have to be working and spending money to have a growing economy and to buy their dream homes.

In the spirit of this grand 4th of July Holi…