This is not my normal real estate related post, but when I saw this in the news this morning I just had to share it. Apparently the Bank of the Wichitas has open an online division called The Redneck Bank. They must be assuming that even rednecks have managed to an Internet connection and have [...]
Ask any real estate agent and they will tell you that many short sales never close. For one reason or another even after a buyer is found and the bank has agreed to a sales price the sale will not go through. This sometimes happens when buyers get tired of waiting for the bank and [...]
Four Washington state-based banks, including the Bank of Everett, will begin operation as one institution Monday. Bank of Everett will consolidate itself into Bank of the Northwest, along with Bank of Bellevue, Bank of Tacoma and Issaquah Community Bank. The move is intended to alleviate pressure on the banks’ Michigan-based holding company, which was hit [...]
These closures are becoming more and more common place and aren’t even making the news anymore. Friday the FDIC shuttered Evergreen bank and sold it to the Umpqua bank of Oregon. The predictions I am seeing is that the current financial crisis is accelerating the process of consolidation with strong banks sucking up those that [...]
I had to share this very funny and not so far from the truth video about buying a bank owned property. It is becoming increasingly more frustrating to help buyers get into a home, simply because the banks and listing agents just don’t care, or are working by some odd set of rules that have [...]
Well, holy crap! Anyone want to start playing ‘Another One Bites the Dust’ It just came across my desk that Taylor, Bean & Whitaker Mortgage Company, one of the major players in residential home mortgages has bit the dust. Apparently FHA has barred them from doing loans for them, and that was the rock to [...]
Citigroup bolstered confidence in Washington state banks yesterday by announcing that is had made a profit for the first two months of the year. After a stormy 2008, confidence in most banks is at a low, so for Citibank to announce positive numbers is a definite bright spot. Other bank’s stock bounced up, carried by [...]
Fannie Mae has announced a temporary hold on evictions and foreclosures pending announcement of a Federal national foreclosure prevention and loan modification program.
I have to thank Rhonda over at Rain City Guide for breaking this news to me. It looks like on Friday, Fannie Mae revised its rules and now will allow borrowers to have from 5 to 10 homes depending of course on their criteria. As per the quote over on Rain City Guide: Multiple Mortgages [...]
Ok…..so we’ve dumped billions of dollars into the bank in hopes of stimulating the economy and have now promised to buy up bank stocks in order create stability. I thought this was supposed to make the banks willing to lend more money? Anyone else confused as to why there has been a sudden major increase [...]
© Jacquie Cliff – Professional Seattle Area Real Estate Broker with Champions Real Estate Services
