Mortgage News from WAMU’s upper management released today in an email to me

Posted on August 3, 2007 by Ray Williams (NMLS #216267).

Please read below to hear what a large bank such as WAMU feels about the reactions on wall street to our current mortgage market. Again, conventional and government mortgages (FHA and VA) are going to potentially quintupial as a result of the drawback we are seeing on the market for mortgages. Ray ~ read as […] …read more

How will radical changes in mortgage underwriting effect you?

Posted on August 2, 2007 by Ray Williams (NMLS #216267).

If you are like many people you are wondering what is going on right now in the residential mortgage world. In the last few days I have watched the reactions to Wall Streets distaste for Alternative Documentation Mortgages. This a result of poor performances on those loans. The rising foreclosure rates across the country have […] …read more

Just what has happened to mortgage rates this month in Denver??

Posted on June 11, 2007 by Ray Williams (NMLS #216267).

Well, it has finally started happening! Mortgage rates in Denver have been climbing steadily for the last month. That would make the mortgage rates in Denver and in Colorado the highest we have seen in a year and almost the highest we have seen in two years. So you ask what has caused this to […] …read more