Earlier this week, it was revealed that over 100,000 tax payers may have had their personal information stolen from the IRS. This data breach is potentially causing hiccups with real estate transactions currently in process too.
IRS breach potentially delaying real estate transactions
May 29, 2015 by 3 Comments
Fall back on Sunday, November 4, 2012
November 3, 2012 by Leave a Comment
I’ll be setting my clock back an hour before I go to bed tonight. Day Light Saving Time ends November 4, 2012. I’ve often wondered what it would be like to do away with DST and how it might impact the Seattle area.
Lincoln Park, West Seattle
Back to School!
September 20, 2012 by Leave a Comment
Today I’m doing something that mortgage originators who work for banks and credit unions don’t have to do: continuing education with an NMLS certified instructor.
As a Licensed Mortgage Originator, every year I’m required to take 8 hours of continuing education – non-licensed (aka registered) mortgage originators are currently not required to. I hope this changes and I expect it will.
Why there are different standards for mortgage originators who take residential loan applications is due to the SAFE Act. My suspicion is that powerful banks and credit unions lobbied their Congressmen to have softer rules for their mortgage originators…which they have. (Whenever a mortgage originator at a bank tries to say they are already regulated, I like to point to Washington Mutual). My personal opinion is that banks want to hire less experienced mortgage originators so they can pay them less since they are “bank fed” leads.
Any how, I always look forward to my “class” as my instructor is Jillayne Schlicke and her classes are always informative and very interesting.
I will be back to work tomorrow, Thursday, September 21, 2012.
Thank You, JP
July 22, 2012 by Leave a Comment
I learned tonight of the passing of my childhood hero, JP Patches. If you didn’t grow up in the greater Seattle area in the late 70’s, you my not have had the privilege of knowing how wonderful JP Patches is. Some of my earliest childhood memories are of starting our morning off in our Renton home first (having to) watch Zoom until JP Patches came on. I was so excited just to hear the theme song start of the early morning coo-coo clock sounds. JP Patches made my day. I loved his funny skits and that he was always kind and seemed to know what was going on. He provided normalcy while my parents were going through a divorce and trying to work things out with their relationship He played my favorite cartoons and I would wait on the edge of my seat with ever other kid within KIRO’s viewing area, hoping he would mention my name when he peered at us through the ICU2TV. I remember being absolutely honored in kindergarten when the photographer for our class photo called me Getrude because of my dress that my Mom made me. (I love that dress, by the way).
He is my childhood hero.
When my husband and I were making plans for our wedding. We actually had hired Chris Wedes (JP) to perform our ceremony. He said he had never officiated a wedding before, which we were fine with. We had planned on doing the ceremony with JP at our home.
The home wedding plans wound up being not what wanted to do. When we decided not to have him perform our ceremony, he was gracious and I promised him a bottle a wine. He was so gracious.
Much to my surprise, my husband surprised me on my birthday with…my most favorite clown…the best present ever! I’m wearing a t-shirt that I had bought years ago and proudly wore all the time. Of course, JP autographed it for me.
Not only was I thrilled to have JP as a guest in our home, and my birthday guest were all equally thrilled. He has the ability to make everyone feel like a child again.
I love JP. This year, when I decided to try painting on black velvet, I wanted to have my first painting to be of JP.
J.P. is so loved and will be very missed. I can’t help but feel grateful that he has been a part of my life. Than you, Chris Wedes for J.P. Patches.
Thank YOU, Veterans
November 11, 2011 by Leave a Comment
As General Colin Powell said in an interview last night, "every day should be Veterans Day". A heartfelt thank you to those who serve our Country and their families.
Mortgage Master Service Corporation is closed today in observance of Veterans Day.
What’s Moving Mortgage Rates, November Holidays and More!
November 8, 2011 by Leave a Comment
Europe continues to impact our markets as we watch the drama in Greece and Italy continue to unfold. It's amazing to some that something that is happening so far away may impact your mortgage rates. This is because mortgage rates are based on mortgage backed securities (bonds) and investors will either seek the safety of bonds over stocks when stocks are deteriorating or will opt for stocks and sell bonds when a better return is available. Basically, bad economic news tends to be good for mortgage rates (not so good for our retirement accounts) and good news, as well as inflationary data, tends tends to drive mortgage rates higher.
This afternoon, we'll have the results of a $32B auction of 3-year Treasury Notes. We don't have any major economic reports scheduled to be released until Thursday, November 10th, with the weekly Initial Jobless Claims. On Friday, we have Consumer Sentiment from the University of Michigan. On Friday, the bond markets will be closed in observance of Veterans Day.
Something else to keep in mind with November is that it is a shorter month as we are beginning "the holiday season". Some of these holidays may impact your refinance waiting periods or when you may be able to close.
Friday, November 11, 2011 is Veterans Day. Veteran’s Day is a federal holiday, therefore, this date cannot be included when counting the waiting period for rescissions for refi's, MDIA (initial waiting period and re-disclosure waiting period) or HVCC. In addition, this date is not counted in the 3 day disclosure requirement for initial disclosures or re-disclosures. Banks, county courthouses, and Mortgage Master Service Corporation will be closed for business on Friday, 11/11/11.
Thursday, November 24, 2011 (Thanksgiving): Thanksgiving is a federal holiday, therefore, this date cannot be included when counting the waiting period for rescissions, MDIA (initial waiting period and re-disclosure waiting period) or HVCC. In addition, this date is not counted in the 3 day disclosure requirement for initial disclosures or re-disclosures. Banks, the post office, the county courthouses, and Mortgage Master Service Corporation will be closed for business on Thursday, 11/24/11.
Friday, November 25,2011: This is NOT a federal holiday. While courthouses and Mortgage Master Service Corporation are closed, this date can be included in the waiting period for rescissions, MDIA (initial waiting period and re-disclosure waiting period) or HVCC. In addition, this date is counted in the 3 day disclosure requirement for initial disclosures or re-disclosures.
Also in November…
In a few weeks we should have more details about HARP 2.0 and learn what 2012's loan limits will be for Conforming and FHA loans. And hopefully this month, there will be decision on the VA funding fee, which was earlier reduced and then retracted. It's quite possible that conforming and FHA loan limits may be reduced further – we really have no idea what Congress is going to agree on at this time. Currently the conforming and FHA loan limits in King, Pierce and Snohomish County is $506,000 (reduced from $567,500 on October 1, 2011). If you have a "high balance" loan amount and are considering refinancing or buying, you may be gambling becoming a "jumbo loan" with each day you wait.
If you have questions or need help with a mortgage on a home located anywhere in Washington, please contact me. I am a Licensed Mortgage Originator who not only provides information to consumers via my blog, I help people with homes in Seattle, Redmond, Tacoma, Everett and beyond with their refinance and home purchase mortgage needs. I also adopt mortgages. If you haven't heard from your mortgage originator in the last six months, it's quite possible they are either no longer licensed or may have chosen another career. If your home is in Washington, and you would like to be treated like one of my clients (added to may mailing list, receive updates and a review of your current mortgage – no refinance or new mortgage is required) please contact me.
Comcast service issues from Seattle to Renton
August 24, 2011 by Leave a Comment
UPDATE 11:15 am: our office is being told that they expect service to be up in an hour.
UPDATE 11:00 am: learning that our office in Kent is having internet issues too. This sucks. No message from Comcast if the ETA is 1:45 today but that's how it's looking at this point! West Seattle Funblog reports that 388,000 Comcast users are NOT having a Comcastic experience.
UPDATE 10:00 am: a few of us on Twitter are asking @ComcastBill if the outage is expected to be repaired in 1 hour and 45 minutes or at 1:45 today (no answer yet). My email is working – but slow.
UPDATE 9:30 am: It looks like Comcast's issues were spotty from the friends I surveyed on Facebook and Twitter. Regardless it looks like my service is slightly improved "back to normal"….KNOCK ON WOOD!! With so much of my mortgage business being internet based, having slow internet and email is a real set-back.
My internet and email are being painfully slow this morning. I tweeted to @Comcastcares and here's their response:
I'm trying to find out just how widespread this outage is.
Meanwhile I'm trying switching to my Droid to see if that will provide better service than Comcast.
