Mortgages Made Simple with Rick Gundzik

Thursday, September 18, 2008
Mortgage Meltdown Seminar Recap - September 18, 2008
On September 13th, 2008 I was honored to be a speaker at the Mortgage Meltdown Seminar hosted by the Crenshaw Christian Center in Los Angeles. Mortgages Made Simple logoI learned a lot about what's still happening to borrowers by unscrupulous loan officers, met a lot of great people and hopefully was able to help some people out.

This show gives a brief rundown of some items you should be aware of for yourself and your friends.



If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email mortgagepodcast@gmail.com.

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posted by Pac Res @ 8:27 AM   0 comments
Thursday, September 11, 2008
Fannie Mae and Freddie Mac Bailed Out - September 11, 2008
Fannie Mae and Freddie Mac were bailed out by the U.S. Government this week. Mortgages Made Simple logoWhat does it mean to you? Not much on the surface, but you will see interest rates on mortgages drop. Rates already fell about 1/2% but we likely will see a little more of a drop.

The plan to bail them out involves 4 steps. 1. Buy peferred shares to increase their liquidity, 2. Provide a secured lending facility, 3. Decrease their portfolio size beginning in 2010 and 4. buy mortgage backed securities. Of these 4 dteps, the buying of mortgage backed securities will help rates and restore the confidence we need to get the housing market moving again.

This was a badly needed step, if it had happened 12 months ago alot of housing market pain might have been avoided.



If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email mortgagepodcast@gmail.com.

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posted by Pac Res @ 7:00 AM   0 comments
Friday, September 5, 2008
How to Survive The Mortgage Meltdown
Come join me on September 13, 2008 at the How to Survive The Mortgage Meltdown town hall meeting. It starts at 10am and will last until 2pm. I will be a panelist along with other noteworthy real estate industry professionals.

A lite lunch wll be served at 12pm.

Where: Crenshaw Christian Center
7901 S. Vermont Ave
Los Angeles, CA 90044

When: September 13, 2008, 10:00AM

RSVP by callng (323) 758-3777 x4125

Click here to see flyer

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posted by Pac Res @ 10:25 AM   0 comments
Thursday, September 4, 2008
FHA Loans, The 3 best reasons - September 4, 2008
FHA loans have increased in popularity due to their availability and 3 main reasons. Mortgages Made Simple logo1. Gift Funds, 2. Non occupying co-borrowers and 3. Slightly blemished credit history

FHA Loans allow the above 3 factors to be present on a loan. Now please keep in mind you can't have awful credit, but FHA guidelines allow slightly tarnished credit if you've been a good payor over the last 12 months. Listen to this week's podcast for more details.



If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email mortgagepodcast@gmail.com.

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posted by Pac Res @ 6:51 AM   0 comments

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