Comments on: Why Refi’s Are Good For The Real Estate Market http://realestate.bryanellis.com/149/why-refis-are-good-for-real-estate-market/ The *Alternative Media* For Serious Real Estate Investors Sun, 05 Jul 2009 01:32:57 +0000 http://wordpress.org/?v=2.6.1 By: Jeffrey Smith http://realestate.bryanellis.com/149/why-refis-are-good-for-real-estate-market/#comment-1127 Jeffrey Smith Sat, 19 Jul 2008 03:33:05 +0000 http://www.freerealestatetraining.com/?p=149#comment-1127 I did not ask for the borrower names, just the *kind* of loans that are closing. That information is not privileged, but it's also probably not readily available because nobody thinks it's important. *sigh* I did not ask for the borrower names, just the *kind* of loans that are closing. That information is not privileged, but it’s also probably not readily available because nobody thinks it’s important. *sigh*

]]> By: Jeffrey Smith http://realestate.bryanellis.com/149/why-refis-are-good-for-real-estate-market/#comment-1108 Jeffrey Smith Fri, 18 Jul 2008 16:21:00 +0000 http://www.freerealestatetraining.com/?p=149#comment-1108 Mortgage applications may be increasing, but how many of those applications are getting APPROVED and CLOSED (funded)? I am still hearing stories of lenders not showing up at closings (or worse --- the lender's check bouncing). I want to see an itemized report from a reliable source showing approvals and actual closings, and for all of the different kinds of loans (fixed, adjustable, owner-occupied, non-owner occupied, single family, 2-4 residential units, etc.). That kind of information will go a long way to showing the market trend for this credit crunch. <strong>Sorry, but you aren't privy to an itemized list of that sort. That's private information for each borrower. Sure, it's possible none of these mortgages are closing. It's also possible that all of the other information suggesting the solidifying of the real estate market is insufficient to convince you or anyone else. Fortunately, nobody really has to be convinced of what's happening. It's happening anyway. -- <a href="http://www.BryanEllis.com" target="_blank" rel="nofollow">Bryan Ellis</a></strong> Mortgage applications may be increasing, but how many of those applications are getting APPROVED and CLOSED (funded)? I am still hearing stories of lenders not showing up at closings (or worse — the lender’s check bouncing).

I want to see an itemized report from a reliable source showing approvals and actual closings, and for all of the different kinds of loans (fixed, adjustable, owner-occupied, non-owner occupied, single family, 2-4 residential units, etc.). That kind of information will go a long way to showing the market trend for this credit crunch.

Sorry, but you aren’t privy to an itemized list of that sort. That’s private information for each borrower. Sure, it’s possible none of these mortgages are closing. It’s also possible that all of the other information suggesting the solidifying of the real estate market is insufficient to convince you or anyone else. Fortunately, nobody really has to be convinced of what’s happening. It’s happening anyway. — Bryan Ellis

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