George Souto - FHA, CHFA, VA, USDA, & Fannie Mae Home Mortgage Loans, Connecticut

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Mortgage and Lending - George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - NMLS #65149

ARCHIVED BLOG POSTS

2012 

On Monday I wrote a blog "The Battle Between Bank of America And Fannie Mae Continues".  I could have easily have titled that blog "The Battle Between Lenders and Fannie Mae Continues"  As I stated in the previous blog I am not a fan of Bank of America, the way they have been ...
02/29/2012
      CANCELED A couple of weeks ago I blogged about Middlesex Chamber Of Commerce Business After Work that was scheduled for tomorrow night at the Hawthorne Inn in Berlin, CT.  Well due to the expected bad whether it has been canceled, and will be re-scheduled for a later dateI was looking forw...
02/28/2012
The battle between Bank of America and Fannie Mae continues.  Bank of America announced late last week that it will cease to selling off its refinance mortgages to Fannie Mae.  This battle between Bank of America and Fannie Mae is not good for anyone, especially present and future Bank of America...
02/27/2012
The battle between Bank of America and Fannie Mae continues.  Bank of America announced late last week that it will cease to selling off its refinance mortgages to Fannie Mae.  This battle between Bank of America and Fannie Mae is not good for anyone, especially present and future Bank of America...
02/27/2012
As I pointed out yesterday on my first blog on this topic Rental Income ......... When Can It Be Used #1?, in our current market many properties have declined in value since the time that they were purchased.  So some potential Sellers are choosing not to sell their properties until market condit...
02/26/2012
With the current market conditions where most properties have declined in value since the time that they were purchased.  Many potential Sellers are choosing not to sell their properties until market conditions improve, and instead rent out their current property and purchase another.  However, t...
02/25/2012
The National Association of Realtors (NAR) released a report this week showing existing home sales up in January.  This is a rise in home sales for the third time in the last four months.  This report is in line with what I have been personally seeing for at least the last 4 -5 months. The NAR re...
02/24/2012
Most Mortgage Loans that I do these days have Seller Paid Closing Cost, this is true even on a purchase where the Buyer has significant assets.  As a result of this, a common question that I am asked all the time from Buyers and Realtors, is how much can they ask the Seller to contribute towards ...
02/23/2012
New Mortgage Disclosure Forms Maybe On The Way.  It appears that the Dodd-Frank Act may actually have something in it that makes sense.  A component of the Dodd-Frank Act directs the Consumer Financial Protection Bureau (CFPB) to combined and streamline “mortgage disclosure requirements into a si...
02/22/2012
Middlesex Chamber Real Estate Council will be holding a Short Sales 101 Lunch & Learn on Wednesday, March 7th.  We all know that Short Sales are a huge part of the Real Estate and Lending Industries these day.  This is a topic that we all need to be up to date on, and what better way to do th...
02/21/2012
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