Lending and everything Midwest - Larry's blog

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Mortgage and Lending - Larry Bettag - Cherry Creek Mortgage
Designed as an open forum that just allows people to talk about anything pertinent. Not politically correct...just facts, fun, advice, expertise and opinions expressed here.

ARCHIVED BLOG POSTS

2010 

Freddie Mac announced changes to its delivery fees for loans pooled starting Mar 1, 2011. No word yet from Fannie, but the GSEs have a long history of following each other in these matters.  One of the biggest change is that for all LTV's greater than 70%, The price hit goes from .25% or 25 basis...
11/30/2010
I'm the Regional Vice-President of Cherry Creek Mortgage, so I really should know better.  BUT I DIDN'T.  My role, I always thought was to hire great loan originators, make sure that we invest in our clients, and fight through underwriting problems. Recently, I had a branch manager who reported t...
11/30/2010
It's really pretty funny if you were to ask me.  I received a phone call from a client who read my post on Active Rain.  He wasn't referred by a realtor or any third party.  No, he just read my blog about FHA loans.  He's a doctor.  What makes this so unique is that he: SOLD HIS HOME IN A SHORT S...
11/29/2010
OK....so this isn't quite the "Speechless Part of Speechless Sundays", but my brother, Mark, sent me two live Maine Lobsters for my birthday, unbeknowest to me.  I came home and saw this box and brought it inside and forgot about it.  Mark called me and asked me if I had opened it.  I say not ye...
11/28/2010
Right out of the gate let me say this.  I love Active Rain.  I love the relationships that have been created here on Active Rain.  I love the fact that I've received 66 referrals since joining Active Rain!!!!!  I just love it!  What's not to like really?  I would never have had even the first ref...
11/27/2010
When I was in high school, I was the PERFECT "C" STUDENT....AT BEST! I'd come home my first quarter and I got 3 C's and 3 D's.  Second Quarter was 6 Cs.  3rd Quarter was 3 C's and 3 D's.  Final grade.....6 Cs.  I had a hard time adjusting to high school.  Frankly, I hated the studying.  My grades...
11/26/2010
One of the happiest kids God has put on this earth.  I love my little big man!  Here he is learning about and appreciating the great outdoors in Rocky Mountain National Park this past October!  We hiked, we climbed, we sweated and we even got to play in the snow for one morning.  He's a real tro...
11/24/2010
According to the Kane County Chronicle, a bunch of residents went to the St. Charles Countryside Fire Protection District meeting Monday night to find out about "the district's future" even though the trustees weren't quite ready to give any particular direction! "I know there are concerns, but w...
11/23/2010
HUD Mortgage Insurance guarantees that a Reverse Mortgage is a No Recourse Loan.  Can't get any better than that now can it?  What if you're a senior and you're worried about income?  What if you're concerned about the how to make a payment?  The Reverse Mortgage just might be the decision for yo...
11/23/2010
There's a lot of opportunity out there.  The reality is that the market cooperates with us sometimes, and quite frankly, it keeps kicking me in the nuts other times.  The real deal is that I keep moving forward.  I absolutely hate taking it in the nuts, but, hey, what are you going to do?  times....
11/23/2010
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Larry Bettag

Regional Vice-President
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