Rick Kellow's (dad4_2) Blog

By
Mortgage and Lending - Cherry Creek Mortgage

ARCHIVED BLOG POSTS

2008 

Mortgage rates have declined dramatically over the past several weeks. But the Federal Reserve's latest rate cut does not guarantee that rates will keep dropping.  In fact, mortgage rates often climb following a cut in the federal funds rate, and actually rose about 50 basis points after the Fede...
01/31/2008
Here we go again... for the second week in a row... With fears of a recession growing, the Federal Reserve cut interest rates Wednesday by a half percent.... as was widely expected. The reduction comes just eight days after a three-quarter point emergency cut and amid new data showing that the ec...
01/30/2008
Fed Chairman Ben Bernanke and his colleagues are scheduled to open a two-day meeting Tuesday afternoon to plot their next move on interest rates. The closed-door gathering comes amid growing fears the country is either on the brink of a recession or has already started slipping into one given the...
01/29/2008
LOS ANGELES (AP) -- Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it swung to a loss in the fourth quarter due to rising loss provisions and impairment charges as more borrowers fell behind on mortgage payments. The earnings fell well short of Wall Street estimat...
01/29/2008
"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive well preserved body, but rather to skid in sideways, chocolate in one hand, martini in the other, body thoroughly used up, totally worn out and screaming 'WOW', what a ride!!!" It just seems like som...
01/28/2008
A few years back I was having a conversation with my 3 year old daughter about the the possilblities on having another baby. She was offering to "do very thing" feed it, change it, raise it even take it to school with her when she would go... it was so cute. My answer was always the same... sorry...
01/28/2008
This past summer in June we helped a young couple purchase their first home... is was a very rough loan... when we first met with them in April they had mid 400 scores... we help them clean up some easy things on their credit... their parents help gifts funds... the problems came in when so may o...
01/24/2008
0 Comments
Here is an idea that will help all of us that have stayed thru these rough times in the mortgage real estate business. When a loan officer leaves a company the clients they brought to the company are called orphans. These clients now belong to the company. Ask to see if you can contact any orphan...
01/23/2008
4 Comments
Here is an idea that will help all of us that have stayed thru these rough times in the mortgage real estate business. When a loan officer leaves a company the clients they brought to the company are called orphans. These clients now belong to the company. Ask to see if you can contact any orphan...
01/23/2008
About a month ago I printed two copies of a letter I was mailing out to prospective customers. One copy of the letter I put in a stamped individually printed envelope. Knowing full well that the majority of these would be discarded having seen the letter was coming from a mortgage company. The se...
01/22/2008
Rainmaker
89,047

Rick Kellow

FHA & Reverse Mortgage Expert
Ask me a question
*
*
*
Spam prevention