Customer Satisfaction is word thrown around a lot. You see it every where Costco, Walmart and on just about every product out there. Satisfaction Guarantee on anything and everything now a days.
Team Rogers wants to know if we WOW'd you over your transaction. Team Rogers's business is referral based and you are our valued commodity.
Our clients are our friends and family. We do many repeat deals for our clients' friends and family members. If ya wanna talk rewarding, THAT'S REWARDING.
We ask that you please leave us a comment to let others know how we served you. We hope that you were completely satisfied with your transaction and most of all we hope that we helped you achieve the goal of home ownership.
Lastly as stated above our business is referral based. If you hear of anybody needing our assistance please pass our name along. It would be greatly appreciated. Thank you for your business and thank you for your time.
Thank Again,
Team Rogers
"We bring a commitment to excellence Monday through Sunday."
Thursday, January 28, 2010
Wednesday, January 20, 2010
Announced FHA Policy Changes:
HUD No.10-016
Melanie Roussell
(202) 708-0980
FOR RELEASE
Wednesday
January 20, 2010
Announced FHA Policy Changes:
- Mortgage insurance premium (MIP) will be increased to build up capital reserves and bring back private lending
- The first step will be to raise the up-front MIP by 50 bps to 2.25% and request legislative authority to increase the maximum annual MIP that the FHA can charge.
- If this authority is granted, then the second step will be to shift some of the premium increase from the up-front MIP to the annual MIP.
- This shift will allow for the capital reserves to increase with less impact to the consumer, because the annual MIP is paid over the life of the loan instead of at the time of closing
- The initial up-front increase is included in a Mortgagee Letter to be released tomorrow, January 21st, and will go into effect in the spring.
- Update the combination of FICO scores and down payments for new borrowers.
- New borrowers will now be required to have a minimum FICO score of 580 to qualify for FHA's 3.5% down payment program. New borrowers with less than a 580 FICO score will be required to put down at least 10%.
- This allows the FHA to better balance its risk and continue to provide access for those borrowers who have historically performed well.
- This change will be posted in the Federal Register in February and, after a notice and comment period, would go into effect in the early summer.
- Reduce allowable seller concessions from 6% to 3%
- The current level exposes the FHA to excess risk by creating incentives to inflate appraised value. This change will bring FHA into conformity with industry standards on seller concessions.
- This change will be posted in the Federal Register in February, and after a notice and comment period, would go into effect in the early summer.
- Increase enforcement on FHA lenders
- Publicly report lender performance rankings to complement currently available Neighborhood Watch data - Will be available on the HUD website on February 1.
- This is an operational change to make information more user-friendly and hold lenders more accountable; it does not require new regulatory action as Neighborhood Watch data is currently publicly available.
- Enhance monitoring of lender performance and compliance with FHA guidelines and standards.
- Implement Credit Watch termination through lender underwriting ID in addition to originating ID.
- This change is included in a Mortgagee Letter to be released tomorrow, January 21st, and is effective immediately.
- Implement statutory authority through regulation of section 256 of the National Housing Act to enforce indemnification provisions for lenders using delegated insuring process
- Specifications of this change will be posted in March, and after a notice and comment period, would go into effect in early summer.
- HUD is pursuing legislative authority to increase enforcement on FHA lenders. Specific authority includes:
- Amendment of section 256 of the National Housing Act to apply indemnification provisions to all Direct Endorsement lenders. This would require all approved mortgagees to assume liability for all of the loans that they originate and underwrite
- Legislative authority permitting HUD maximum flexibility to establish separate "areas" for purposes of review and termination under the Credit Watch initiative. This would provide authority to withdraw originating and underwriting approval for a lender nationwide on the basis of the performance of its regional branches
To view the article in it's entire please visit: HUD Press Releases
- Publicly report lender performance rankings to complement currently available Neighborhood Watch data - Will be available on the HUD website on February 1.
Friday, January 15, 2010
21.2 Billion Slashed Home Prices Nationwide! Is it time to buy?
What does this mean for the Seattle Home Buyer?
- Right now is a good time to buy, plain and simple.
- Home values will recover and when they do, you'll be sitting on a golden egg.
- Rates are as low as they've been since 1971 that's (38 YEARS)
- The Tax Credit. The Government is giving money away.
January 2010 Price Reductions (Nationwide)
Rank
City, State
% of Listings w/ Price Reductions
Total Amount of Reductions
1
Jacksonville, FL
36%
$96,648,312
2
Milwaukee, WI
33%
$22,663,190
3
Portland, OR
33%
$46,302,242
4
Seattle, WA
32%
$58,752,540
5
Omaha, NE
32%
$11,397,240
6
Tucson, AZ
30%
$19,047,006
7
Charlotte, NC
30%
$85,977,657
8
Baltimore, MD
29%
$35,205,390
9
Indianapolis, IN
29%
$28,732,984
10
Mesa, AZ
29%
$27,230,319
Source: $21 billion off home prices – what's in it for you?
January 14, 2010
__________________________________________________
30-Year FRM Rates 1971 - 2009
Sunday, January 10, 2010
Tips for the First Time Homebuyer
We bring a commitment to excellence Monday through Sunday!
Team Rogers is here for First Time Home Buyers. Below we have provided some great tools to help you understand buying a home and the benefits available to home ownership. Go through each link in detail I guarantee you'll come out understanding a lot more about the Home Buying Experience.
After that if you are ready and only if you are ready you can qualify online at BankofAmerica.com. If your still unsure, it's OK. Talk it over with your loved ones and if you have any questions give us a call.
Brenda Rogers is the local Mortgage Expert with Bank of America. She has been doing Home Financing for over 10 years and has been in the Real Estate industry for over 20. Her leadership skills and knowledge of the business goes beyond the application and past closing. This is a very important step in ones life and she is the perfect coach. We provide the best in the business when it comes to closing a home transaction with our Bank of America tools and our partners in Real Estate, Title and Escrow.
Remember We Lend in all 50 States too. Bank of America has a paperless program to ease the home loan process.
If your thinking of buying a home or know someone who is, we'd like you to give us a call FIRST. We have very competitive programs and we'll do whatever we can to earn your business. If you or your friend is already talking to somebody we'd like the opportunity to at least match or beat our competitor in pricing. Customer Satisfaction, is our #1 Priority. (425)221-0833
Team Rogers' Bank of America Home Loan Center is located:
Renton, WA - 15 South Grady Way, Suite 12.
See if you qualify online in under 10 minutes. Qualify Now
Links:
Thursday, January 7, 2010
AGENTS: Want to Increase your Social Networth? We'll Help!
LOCAL REAL ESTATE AGENTS ONLY:
Team Rogers is here to help you increase your Social Networth by helping you create a Fan Page on Facebook and a Twitter account.
We'll show you how to link them together and use them the easiest & fastest way possible. We'll also discuss tips on posting and how to gain followers. The session runs about four hours which leaves plenty of time for questions on How To's and Whys. We then will give you technical support as needed in the future, to make sure your Fan Page turns into a success.
Also: We will set an appointment with you in 30 days from set up to see where you are and what questions that have come up. We will then, depending on your progress show you other tools like Blogger, Active Rain, Google (Wave, Voice, Calendar) etc. We will also show you ways to start using Facebook and Twitter in detail How to Get Business from them. You must have a solid base first.
We can either go to your home or your office whichever is more convenient for you.
Question: Why are you doing this Team Rogers?
Answer: We see that Social Networking is part of the NOW. By getting Real Estate Agents involved it's easier for us all to communicate online. Most importantly Friendships last Forever and we'd like to get to know you better online and in person.
Note: Through our teaching we've realized that one on one gets better follow up then group sessions, so we've decided to do one on ones (You can bring a friend). We have also learned that FREE means NO FOLLOW UP. So we've decided to charge a small donation of $50.00 to get ya up and going. When you pay for something your more likely to use it.
We look forward to helping you Increase your Social Networth!
A few of the people we've recently helped:
Bill Crumbaker JLS:
Fan Page
Shamus Geary JLS:
Fan Page
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