OK, so I missed yesterdays posting due to mere volume of work that is coming in now. Want to know about the marketing strategies? Email me.
SO... this month California is up at a 93% jump in foreclosures WOW! Nationally it is up 3%
Ironically with 180,ooo NEW foreclosures THIS month in California alone, the luxury sales are still consistent. Even with the market as rough as it is, people still buy extremely expensive homes. Odd isn't it? Well no... if you have the money to spend, and you don't need the HUGE loans, then that would make sense. When I say luxury home purchases I am meaning OVER 2 million.
For the upcoming week:
Expect a VERY busy week in the market. 4 out of the 5 market days there are significant reportings. The FMOC is meeting, and the release of the minutes will help understand where each member is leaning.
On a side note: watch for a Etrade and TDAmeritrade merger
Good Luck to everyone this coming week, it is going to be an interesting one ....as usual.
Email me your Questions or Comments: corey.mullin@gmail.com
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This is a daily Q and A (question and answer) site for anyone who wants to know more about the industry of residential mortgage loans. Also, to answer questions about the industry, programs, terminology, or whatever. Honestly, I am an educated mind that is tired of seeing clients of mortgage companies lied to, mis-directed, and wronged. I am not a governing body, but rather "that smart friend".
SHOULD HAVE GONE TO THE DISCOUNT WINDOW
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Southern California Owner
- Mortgage Pro
- San Diego, California, United States
- Hello, My name is Corey Mullin. I have been in the mortgage industry for numerous years now. Everyone knows that the rates have been crazy, programs chopped, and companies crumbling. My reason for this blog is to educate people, and answer questions that other people will not. I am open to all shorts of questions from the public to professionals. I truly believe that EVERYONE should be in the "know".
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