Mortgage applications are down again and there is a reason for it..

With the ever presence of foreclosure’s and Modifications and Real Estate pressures mounting.  2009 is going to be a very difficult year..The modification program is already proving to be faulty and we are seeing 50% of those Modified still fail and eventually go into foreclosure..Which in turn just delays what must happen…The free market must and will find it place..It always has and always will. God willing if we let it be…

those who are in our business must ask themselves:  what is your plan to survive and prosper in this Industry..We have the answer..Lets talk about it..

Mortgage crisis

Dear friends with my initial blog today, I wanted to visit the mortgage Crisis and its short term outlook. Having been in the business for 22 yrs I have seen many ups and downs, I have however never seen the level of panic as we have had over the last couple of years. Good news however is that things are beginning to show signs of life as the FHA products has come back to save the day. With the FNMA new risk base pricing model FHA loans are becoming much more popular and are a great alternative to the old way of Home financing, so seek out this an an option for both new purchases and refiancing. If you want to discuss further, feel free to reach out to me at my web site www.gmgroupinc.com