Frost Mortgage Concierge Program on Display: Keller Williams Realty
This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by Elizabeth Estrada with Keller Williams Realty.
http://49willowtracecourtse.utour.me/
Tuesday, March 31, 2015
Saturday, March 28, 2015
Concierge Program - David R. Wenger
Frost Mortgage Concierge Program on Display: Berkshire Hathaway Home Services
This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by David R. Wenger with Berkshire Hathaway Home Services.
http://3833oasisspringsroadne.utour.me/
This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by David R. Wenger with Berkshire Hathaway Home Services.
http://3833oasisspringsroadne.utour.me/
Monday, March 23, 2015
CFPB Mortgage Complaint Portal Does Disservice to Consumers, Lenders
The Consumer Finance Protection Bureau (CFPB) just dealt the mortgage industry another low blow by setting up an ill-advised consumer complaint portal on their website.
The portal doesn't ensure that the consumer complaints, that the CFPB solicits and posts, are valid, does not give financial institutions an equal opportunity to respond and does not sufficiently protect consumers privacy.
Both CFPB and mortgage industry data show that very few consumer complaints submitted to the Bureau actually warrant any action beyond an explanation.
Finally, the posting of unverified consumer complaints, under the imprimatur of the federal government, are bound to mislead the very consumers the CFPB is charged with protecting.
This practice needs to come to an immediate halt.
The portal doesn't ensure that the consumer complaints, that the CFPB solicits and posts, are valid, does not give financial institutions an equal opportunity to respond and does not sufficiently protect consumers privacy.
Both CFPB and mortgage industry data show that very few consumer complaints submitted to the Bureau actually warrant any action beyond an explanation.
Finally, the posting of unverified consumer complaints, under the imprimatur of the federal government, are bound to mislead the very consumers the CFPB is charged with protecting.
This practice needs to come to an immediate halt.
Sunday, March 22, 2015
Concierge Program - Mark Carlisle
Frost Mortgage Concierge Program on Display: Berkshire Hathaway HomeServices ALLSTAR
This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by Mark Carlisle with Berkshire Hathaway HomeServices ALLSTAR.
http://5015costauascadrivenw.utour.me/
This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by Mark Carlisle with Berkshire Hathaway HomeServices ALLSTAR.
http://5015costauascadrivenw.utour.me/
Tuesday, March 17, 2015
Millennials Slow To Embrace Homeownership
The “American Dream” of home ownership is not a dream that
“Millennials” are embracing as readily as their “Boomer” parents did.
This group was maturing smack dab in the middle of the
“mortgage meltdown”. They witnessed and
very possibly lived through family trauma and, as a result, may not view a home
as the cornerstone of family investment nor as a relatively liquid asset.
Many experienced dramatic financial hardship in their
immediate family, as their parents accepted transfers by their employers, were
unable to sell their homes, temporarily rented in the new community, drained
their cash assets while attempting to keep up both payments and eventually lost
their former home, while finding themselves unable to purchase another home,
due to credit destruction. Many suffered
this catastrophic financial setback
which then initiated a reduced standard of living.
Remember, for every one of the tens of thousands of
foreclosures, there was a family eliminated from the housing market and, very
possibly, a Millennial who shared their family’s “American Nightmare”.
It is no wonder Millennials became gun shy about home
ownership and do not appear to aspire to the prospect as enthusiastically as
did their forbearers.
Friday, March 13, 2015
Concierge Program - Linda Joyce
Frost Mortgage Concierge Program on Display: Re/Max Elite
This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by Linda Joyce with Re/Max Elite.
http://3615lahaciendaplacene.utour.me/
Tuesday, March 10, 2015
Low Inventory Puts a Damper On Housing Recovery
New housing starts, especially in the entry level market,
are down significantly. The inventory of
new homes standing and ready to sell are down. A once healthy housing market
built 1.2 million homes per year.
Forecasts for 2015 are, at best, 800,000 housing starts and 600,000
sales. It’s pretty hard to put enough
lipstick on this pig to make it look good.
There’s been lots of speculation about who’s buying, who isn't and why.
My observation, in my town, is that there are fewer regional
and national homebuilders, fewer new home communities, fewer model homes, fewer
choices and a startling absence of smaller, local builders.
Some of the big builders weathered the economic storm. However, in my town, two of the most prolific
A&D and Construction lending community banks went under, thus eliminating
that source of financing for local, small builders. Given the new CFPB
regulations, I don’t see community banks jumping back into acquisition,
development and construction lending any time soon, thus leaving a significant
void in this lending arena.
Fewer lenders, fewer builders, fewer choices = fewer buyers
and fewer home sales.
The old benchmark of 1.2 million housing starts annually as
an indicator of a healthy housing market is just that…an old benchmark.
Saturday, March 7, 2015
Concierge Program - Steve Soto
Frost Mortgage Concierge Program on Display: Berkshire Hathaway Home Services
This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by Steve Soto with Berkshire Hathaway Home Services.
http://4312featherdaleanw.utour.me/
This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by Steve Soto with Berkshire Hathaway Home Services.
http://4312featherdaleanw.utour.me/
Tuesday, March 3, 2015
Concierge Program - The Maez Group
Frost Mortgage Concierge Program on Display: The Maez Group
This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by The Maez Group with Keller Williams Realty.
http://6931wrangellloopne.utour.me/
Subscribe to:
Posts (Atom)