What do you get when you combine a bought-at-the-top Hamptons denzien with an adjustable rate mortgage and Career Builder’s Monk-e-Mail? Mild amusement worth forwarding to a friend.
http://tinyurl.com/yw7yu7
Enjoy a little ha-ha courtesy of your friends at Blown Mortgage.

Look south
Canadian buyers seeking their dream home are taking advantage of a strong loonie and sliding U.S. home prices to buy south of the border. U.S. real-estate agents say there’s been a noticeable pick-up in Canadian interest in places such as Arizona and California, just as demand from American buyers is drying up. And […]

In this edition of the Blownmortgage.com interview series we speak with Meg Burns, the founder of OfferAngel.com. Offer Angel’s mission is to bring transparency to the loan origination process by providing loan officers with an independent platform to present their offers to consumers. It equips consumers with tools that make comparing competing mortgage […]

Torontonians deserve a more thoughtful and fair approach to the City’s financial challenges.
In response to recent City of Toronto announcements regarding its fiscal situation, Toronto’s Realtors are calling on Mayor Miller, City Councillors and provincial politicians to consider the options preferred by Torontonians, instead of just new taxation or cuts to core services.
Realtors have been […]

Ben Bernanke, in a letter addresses to Senator Schumer outlined some high-level thoughts that the Fed Chairman has to help alleviate the pending ARM-reset foreclosure wave. Bernanke calls for innovative mortgage products and more buying capacity for Freddie and Fannie to help subprime borrowers trapped in exploding ARMs.
From Market Watch:
The private sector and Congress […]

A letter sent to wholesale partners of Countrywide was released tonight in an obvious attempt to calm any jitters amongst wholesale brokers partnered with the massive mortgage lender.  Probably a good move on Countrywide’s part; you know brokers are freaking out watching their lending options evaporate in to thin air on a daily basis.  I […]

You dream about building your own home but don’t know where to start? ByTheOwner.com lauched today a new section on newhomes.bytheowner.com : Build your own house!
From the house plan to the end of your project, “Build your own house” gives information about every step you need to go throught to get a house plan and […]

In a letter to brokers dated yesterday MortgageIT, a subsidiary of Deutsche Bank, announced it is no longer originating or funding subprime loans.   No word on the fate of loans currently in process; as the letter only suggests the ever-nebulous “call for more info.” If anyone hears about loans in process please let us […]

Friend of Blown Mortgage, the L.A. Times Peter Viles was on CNN recently discussing the current housing situation in Los Angeles and California in general.  A good 3-minute segment in which Peter sums up the state of housing affairs in California nicely.
For more Peter be sure to read his excellent L.A. Land blog and check […]

Toronto Among Top Five Most Desirable Locations
Altus-Insite Investment Trends Survey respondents continue to rank Tier One Regional Malls as the best property type for investment purposes.
This ranking has not changed since the second quarter of 2006. Meanwhile, Edmonton was ranked as the most desired location in Canada.
Calgary was second, and Vancouver rounded out the top […]