Does $5 billion allow you to shutter WaMu’s Mortgage Broker Channel? You bet it does! It buys you the right to tell Washington Mutual to eliminate their business channel by May 31st (if you’re a buyer that’s using WaMu, your loan must already be locked and most loans must close by June 13th). WaMu announced to their employees that they are closing down their wholesale loan division, and will have yet-to-be-determined cuts in their retail division. Rumors had swirled about their wholesale business channel for some time, but this announcement came as a surprise to many wholesale reps. Supposedly, closing the wholesale division was a stipulation froma private equity firm that was giving them $5 billion.
Whoo Hoo! or Boo Hoo?
14 04 2008Comments : No Comments »
Tags: Mortgage, WaMu, Washington Mutual
Categories : Financing / Mortgages, Real Estate - General, Real Estate - San Francisco
Great Composting/Gardening Blog Article
14 04 2008Home Landscaping posted this great article about composting and green gardening on their blog (see below link). Enjoy!
http://home-landscaping.net/2008/04/14/compost-free-fertilizer/
Comments : 1 Comment »
Tags: composting, landscaping
Categories : Gardening & Landscaping
Proposed Route Changes to MUNI
14 04 2008
As reported by Gary Noguera in the April edition of Miraloma Life, SF MTA has plans to re-route many of its existing MUNI bus routes throughout our neighborhoods. As someone active in our community, I’ve gotten calls from people who are distressed by some of these changes. Of primary concern is the alteration in the 36-Teresita bus that would eliminate its connection to the Forest Hill underground MUNI lines. As one resident put it, “one of the reasons I chose to buy my house in Miraloma was the ease of getting to the Forest Hill MUNI station (provided by the 36-Teresita)”. How do other members of the community feel?
Use the link below to read more about the proposed route changes. Besides leaving a comment on FoggyViews, you can also make your feelings known “to the powers that be” by using the link (I already have) or by calling 311 (tell the agent you want to take the Transit Effectiveness Project (TEP) feedback survey). Changes are going to be made. Let them know what you think!
Comments : No Comments »
Tags: Forest Hill, MUNI, Teresita, Transportation
Categories : General, Real Estate - San Francisco, Transportation
Bay Area Market Update
14 04 2008
Bernice Ross pointed out in her Inman News column this week that this is the best buyer’s market in 35 years. She backs up the claim with some interesting facts that bear sharing with buyers in any area who may still be hesitant. Ross notes that in April of 1973, mortgage rates were hovering at the same near-historic lows that they are today. Since that time, mortgage rates have only dipped this low during the height of the seller’s market in the early part of this decade when inventory was tight and prices were on the rise. The last time we experienced major buyer’s markets were during the economic downturns in the early 1980’s and 1990’s – both with mortgage rates in the double digits. So, the current combination of substantial inventory and low mortgage rates is the best possible situation for buyers since 1973. That being said, there does seem to be an increasing number of buyers starting to make offers in many Bay Area neighborhoods, and again we’re seeing price, condition and location flexing their muscles at the willing.
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Categories : Real Estate - San Francisco
