Latest On Regency Homes and Regions Bank

June 7, 2008

On Friday (June 6, 2008), the Des Moines Register came out saying that Regions Bank is looking to talk with the reciever on Regency’s foreclosure proceedings. What’s a Receiver? A Receiver is a person “placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights.”[1] Three types of receiver […]

Read the full article →

High Unemployment Helps Mortgage Rates

June 7, 2008

Today’s (June 6th, 2008) unemployment rate report came out and really moved the markets.  The report revealed the sharpest decline the United States has seen in 22 years.  Yea, not so great.  The actual unemployment rate moved to 5.5%, a full 1/2 percent higher than last month.  Again, the largest increase since February of 1986.  […]

Read the full article →

Regions Bank Comes Down HARD on Regency

June 5, 2008

On Wednesday, Regions bank named Regency Homes in a lawsuit. This won’t end well. They are bringing the hammer down. The lawsuit went on to mention that Regency Homes defaulted on a (get ready for this)… $15 Million loan. To be specific, they owe $9.6 million on a $15 million loan. This lawsuit was prompted […]

Read the full article →

Des Moines, Iowa – Real Estate Market Watch – Week of May 26th, 2008

June 4, 2008

Do you ever wonder how our real estate market is here in Des Moines? Unfortunately, we spend a lot of time listening to how rough things are in other cities around the country, but too often we don’t really consider what our real estate climate is like. This hits home for me more this week […]

Read the full article →

How to be Smart When Getting a Mortgage

June 3, 2008

Be Smart. We Understand,  Mortgages Aren’t Your ‘Thing’ What seems common sense to a lender, isn’t so common sense to a consumer. I understand that. That’s why it’s important to know what to avoid doing when getting a mortgage. There are many ‘deal killers‘ out there, but I want to touch on the major points. […]

Read the full article →

Another Risky Week for Rates

June 2, 2008

It’s going to be a busy week.  That’s what I’ve got to say.  I’ll actually be spending my week in Las Vegas…. for business. I will do my best to keep up with my Twitter addiction and keeping you up to date on the latest mortgage news.  I also will probably have a lot of […]

Read the full article →

What Happened Last Week?!!!

June 2, 2008

What Happened To Mortgage Rates Last Week HUH? I’ve had a few e-mails asking – So I’m going to explain why rates took a jump off the deep end last week and worsened roughly .25% in a short 4 day work week. Why? Does the word inflation sound familiar? Well, right out of the gate […]

Read the full article →

Thank You, Business Record!

May 30, 2008

I just wanted to thank Des Moines’ Business Record for featuring your’s truly in this week’s issue.   They took a ‘closer look‘ at me. They came to me to find out more about what Four Legacies Mortgage is about.  When they found out I recently turned 24 (okay, the cat’s out of the bag) […]

Read the full article →

Des Moines is a “Magnet For Familes”

May 30, 2008

It was announced yesterday by Kiplinger in their ‘2008 Best Cities’ issue. Des Moines ranked number 9 in the best cities to live, work and play. They name off the top 10 spots and Des Moines just made the short list. Are you surprised? I’m not. Des Moines rocks. It’s a great place to raise […]

Read the full article →

Des Moines, Iowa – Real Estate Market Watch – Week of May 19th, 2008

May 29, 2008

I’m a fan of having as much information available before I take action on any big decisions.  I don’t know about you, but I think buying or selling a home is a pretty big deal. As a blogger and mortgage guy, when I receive good information – I pass it on.  Home listings and sales are […]

Read the full article →

← Previous Entries

Next Entries →