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Loan Modification "The Low Down"
06 March 09 11:36 AM | Lee Rosa | (Comments Off)   
The basic guidelines for MODIFICATIONS at this point: Eligibility and Verification: 1. Loans originated on or before January 1, 2009. 2. First-lien loans on owner-occupied properties with unpaid principal balance up to $729,750. Higher limits allowed Read More...
Central Florida and Foreclosures
31 January 09 08:43 PM | Lee Rosa | (Comments Off)   
The Central Florida Real Estate Market's home sales are on the RISE in conjunction with Short Sales and Foreclosures. There were 21% more homes sold in December 2008 (1,305)than December 2007 (1,076). Orlando ranks #7 in the Nation for Foreclosures Read More...
"Change" is Coming - to Dowtown Orlando
12 December 08 05:55 PM | Lee Rosa | (Comments Off)   
With a successful vote – this will change the face of Downtown Orlando. Reviving the Historic Church Street Station. This Theatre will be the 1 st of several positive moves for the City. 1. Movie Theatre 2. New Orlando Arena (sport teams) 3. OPAC Read More...
Ben Bernanke's Speech
04 December 08 06:15 PM | Lee Rosa | (Comments Off)   
The Future of Mortgage Finance in the United States I appreciate the opportunity to speak at this symposium. My remarks will focus on the mortgage securitization process, how it has been affected by the financial crisis, and how it may evolve in response Read More...
HOUSING RESCUE BILL EFFECTIVE OCTOBER 1, 2008
06 October 08 02:05 PM | Lee Rosa | (Comments Off)   
WHO IS ELIGIBLE FOR THE NEW RESCUE BILL PROGRAM? The US Senate passed a $300 billion housing Rescue Bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac. President Bush signed the bill into Read More...
The Vital Stats of Keller Williams
09 September 08 07:28 PM | Lee Rosa | (Comments Off)   
Keller Williams Realty International Austin, TX Year 2008 Industry Real Estate Founded 1983 Growth 92.2% 2004 Revenue $62.3 million 2007 Revenue $119.8 million Employees 176 Website www.kw.com What it does: Franchisor of residential real estate brokerages Read More...
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What is "FICO"
21 July 08 07:37 AM | Lee Rosa | (Comments Off)   
In today's increasingly automated society, it should come as no surprise that when you apply for a mortgage, your ability to pay can be reduced to a single number. All the years you've been paying your mortgage, car payments, and credit card bills Read More...
Statistics for Central Florida Real Estate
27 June 08 08:28 AM | Lee Rosa | (Comments Off)   
ORRA Originated Sales May 2007 5.94% 25,463 6,200 2,334 2,611 377 1,446 2,214 1,745* 94* June 2007 6.40% 25,923 5,667 1,853 2,700 404 1,657 2,150 1,524* 98* July 2007 6.50% 26,018 5,404 1,717 2,571 329 1,786 2,206 1,524* 96* August 2007 6.60% 26,313 5,582 Read More...
State of the Housing Market (Harvard Report)
26 June 08 08:08 AM | Lee Rosa | (Comments Off)   
The report has a several key findings including: • Market Declines are Steep and Accelerating • Foreclosures • Homeownership Cycles • New Construction • Demographic Drivers • Rental Housing • Challenges • Income Read More...
The Low Down on GAS PRICES.
21 June 08 08:51 PM | Lee Rosa | (Comments Off)   
Free Home Search - View Every Home in Central Florida that is for Sale. F-R-E-E with NO OBLIGATION. At $120 a barrel, the world's oil bill will account for eight per cent of global economic output, twice what it was in 2006. Robust demand for crude Read More...
That Fannie Mae
20 June 08 09:51 PM | Lee Rosa | (Comments Off)   
Free Orlando Home Search - click here Get the Zipskinny - click here My New Homebuyer Book - Get it Here NEW YORK (CNNMoney.com) — Mortgage financer Fannie Mae warned Tuesday that the tumbling home values and loan defaults that have crippled the Read More...
Watch This Cam to See The Progress of the Magic New Arena
20 June 08 10:16 AM | Lee Rosa | (Comments Off)   
Construction is underway on the site of our new Orlando Events Center. Now you can keep track of the developments by checking out this construction cam pointed at the future home of the center . It looks like the cam is situated somewhere near the top Read More...
Interest Rates On Their Way Up?
16 June 08 02:51 PM | Lee Rosa | (Comments Off)   
June 12, 2008 Are you considering buying a home ? Read this Article - Printed in Last weeks USA TODAY Rates on 30-year mortgages jumped to the highest level in nearly eight months, reflecting increased concerns about what the Federal Reserve might do Read More...
This Proposal will Help Stabilize the Housing Market!!!
12 June 08 10:03 AM | Lee Rosa | (Comments Off)   
BUSH ADMINISTRATION RENEWS EFFORT TO ADDRESS RISKY LOANS ON GOVERNMENT-BACKED MORTGAGES Proposal would help stabilize housing market, protect FHA's financial solvency, and reduce foreclosures WASHINGTON- The Bush Administration today renewed its efforts Read More...
FHA and Mortgage Insurance
02 June 08 01:24 PM | Lee Rosa | (Comments Off)   
The FHA today issued final guidance that will permit its flagship mortgage insurance program to assist more homeowners who are struggling to keep up with their high-cost subprime adjustable rate mortgages. To ensure taxpayers do not assume the cost of Read More...