Tag Archives: Housing hour

LISTEN LIVE NOW! Presented by Mortgage Investors Group

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Retro-Microphone

Kevin Rhea – Host

Since starting my career with Mortgage Investors Group I have become a husband and a father. My beautiful wife Pam and I have a daughter, Olivia, and a son Patrick. I started my career with MIG as a Loan Officer Assistant in 2001 and became a Loan Officer beginning in 2003. I excelled in my first year, closing more loans in Tennessee than any other rookie. My accomplishments as a rookie have been recognized by the Knoxville Mortgage Bankers Association (KMBA), and Mortgage Originator Magazine. In 2011, I was promoted into management at MIG as Vice President, Director of Business Development. This is a very exciting move for me and I have hit the ground running. We have developed a new social media strategy, a new radio campaign and many other very exciting things!

My faith and my family are the most important things in my life.

Kevin as a child:

“…for the last time, I don’t know if mortgages rates had gone up! Now, may I continue?”
Email: Kevin@KevinRhea.com | Web : www.KevinRhea.com

Kevin is available to talk to your organization , club or your child’s birthday party.

Mark Griffith- Co-Host:

Mark has been a part of the Mortgage Investors Group management team for over 18 years. He opened the Oak Ridge office for MIG in 1994 and has assembled one of the most productive sales and support teams in the business. The Oak Ridge office has produced, on the average, over 80 million dollars of loans per year for the last 15 years. Two of his Loan officers have earned repeated Top Producer Awards recognitions in the Knoxville and surrounding markets as well as Top National Honors. The Oak Ridge office has been #1 Lender in Anderson County for several years.
Mark got into the Real Estate business in 1983 and became a Mortgage Loan Officer in 1985. From interest rates in the teens to the market collapse of 2008, Mark has experienced a wide range of market and guideline fluctuations that make him one of the top managers in his field.

Mark gladly joined The Housing Hour, as C0-Host, in December of 2011; his main role is programming/website content/scheduling and community service initiative.

You can reach Mark with your questions at: Mark.Griffith@migonline.com
Mark is available to talk to your organization or club.
Facebook: The Housing Hour

Catch the show every Saturday….

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Home Ownership Matters

Protect your Family

and much more!!

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Mortgage Investors Group

Spring is near…is your home ready?

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…a few spring tips from Jack Feldmann:

clayton
Winter months can bring families closer together like snuggling around a warm fire, the fun holidays with all those wonderful memories. But what you may not realize is all the bad stuff that maybe happening, outside, to your wonderful home like leaf-filled gutters, cracked sidewalks from hard freezes, and what about those neglected flower beds with last years ‘splendor’ all brown and ugly? Jack Feldmann with Clayton Home Inspection Service, a certified master inspector with the American Society of Home Inspectors, shares this checklist to help you target the areas that need maintenance so you can get your chores done quickly, leaving you time to go outside and play in the new springtime sunshine.

  • Check for loose or leaky gutters. Improper drainage can lead to water in the basement or crawl space. Make sure downspouts drain away from the foundation and are clear and free of debris.
  • Low areas in the yard or next to the foundation should be filled with compacted soil. Spring rains can cause yard flooding, which can lead to foundation flooding and damage. Also, when water pools in these low areas in summer, it creates a breeding ground for insects.
  • Use a screwdriver to probe the wood trim around windows, doors, railings and decks. Make repairs now before the spring rains do more damage to the exposed wood.
  • From the ground, examine roof shingles to see if any were lost or damaged during winter. If your home has an older roof covering, you may want to start a budget for replacement. The summer sun can really damage roof shingles. Shingles that are cracked, buckled or loose or are missing granules need to be replaced. Flashing around plumbing vents, skylights and chimneys need to be checked and repaired by a qualified roofer.
  • Examine the exterior of the chimney for signs of damage. Have the flue cleaned and inspected by a certified chimney sweep.
  • Inspect concrete slabs for signs of cracks or movement. All exterior slabs except pool decks should drain away from the home’s foundation. Fill cracks with a concrete crack filler or silicone caulk. When weather permits, power-wash and then seal the concrete.
  • Remove unused firewood stored near the home. Firewood should be stored at least 18 inches off the ground at least 2 feet from the structure. Never stack firewood next to home.
  • Check outside hose faucets for freeze damage. Turn the water on and place your thumb or finger over the opening. If you can stop the flow of water, it is likely the pipe inside the home is damaged and will need to be replaced. While you’re at it, check the garden hose for dry rot.
  • Have a qualified heating and cooling contractor clean and service the outside unit of the air conditioning system. Clean coils operate more efficiently, and an annual service call will keep the system working at peak performance levels. Change interior filters on a regular basis.
  • Check your gas- and battery-powered lawn equipment to make sure it is ready for summer use. Clean equipment and sharp cutting blades will make yard work easier.

Air Date 03-02-13: Three from MIG!

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Meet Three New Faces to MIG!

HH4

1st Segment:

HH3Taylor Hays
Taylor.Hays@migonline.com
Office 865-671-8910
Fax 865-671-0774
10118 Parkside Drive,
Suite 100,
Knoxville, TN 37922

Apply Online

NMLS Unique Identifier
# 922459
TN Lic. # 113544

Message from Talyor:
Mortgage Investors Group is Tennessee’s leading independent mortgage lender. By choosing from our large selection of loan programs including Conventional, FHA, THDA, VA, Construction/Permanent, Interest Only, Fixed and Adjustable Rate Mortgages, you can be certain that you will receive the mortgage program that best fits your individual situation. We have in-house technology systems and experienced staff to simplify the mortgage loan process, thus saving time and money for borrowers. In fact at Mortgage Investors Group, we guarantee that your rate and our fees will not change from lock-in to closing, or we will pay the difference. We specialize in providing convenience, ease, and experience along with low mortgage loan rates.

“My team’s commitment to providing superior customer service has afforded us a quality reputation in the community. I look forward to assisting you with any of your current or future mortgage loan needs. As I work primarily by referral, I encourage you to tell family, friends, and colleagues about Mortgage Investors Group and me.”

2nd Segment:

HH1Robert Carter
Robert.Carter@migonline.com
Office 865-691-8910
Fax 865-691-7714
8320 East Walker Springs Lane, Suite 200,
Knoxville, TN 37923
Apply Online
NMLS Unique Identifier
# 898005
TN Lic. # 113697

Message From Robert:

Working for Tennessee’s Leading Independent Lender allows me the tools that the competition simply does not have. That is why shortly after Mortgage Investors Group financed my home, I joined the team as an employee. I understand that purchasing your home is likely the largest purchase you will make in your lifetime, and I take the responsibility of guiding my clients through the process seriously.

It is my job to find the best loan product for each client’s individual needs and explain every step required to get you into your new property so that you can continue living your life. I would be honored to show you why the Carter Team is such a powerhouse in the mortgage lending business. Our closing process is a well-oiled efficient machine that works for you. Unlike other Loan Officers at other companies that can be hard to get in touch with, and forget about the client after the closing, my team is here for you when you need us and understand that you will have questions after you move in. Come Close with Carter, and see why previous clients say such great things about us!

3rd Segment:

HH2Ron Daughtrey
Ron.Daughtrey@migonline.com
Office 865-691-8910
Cell 865-209-3883
Fax 865-691-7714
8320 East Walker Springs Lane, Suite 200,
Knoxville,TN 37923
Apply Online
NMLS Unique Identifier
# 113067
TN Lic. # 88274

Message from Ron:

Mortgage Investors Group, founded by loan officers, is Tennessee’s leading independent mortgage lender. Whether you’re buying a home or refinancing your current one, I am committed to helping you find the mortgage program that best fits your individual situation.

MIG offers competitive loan rates and a large selection of loan programs, including Conventional, FHA, THDA, VA and USDA. We use on-site Underwriting, Processing and Appraisal services and in-house technology to ensure a swift and professional lending experience.

As a licensed Loan Officer, I have the expertise to advise you through the process, answer any questions you may have and help you close on time. You can rest assured that you will receive superior customer service when you work with MIG. That’s how we’ve become leaders in the local mortgage lending market.

I look forward to assisting you with your current or future mortgage loan needs. I hope to hear from you soon.

Air Date 02-23-13: 100% Financing!

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USDA 100% Rural Housing Loans!

Special Guest: Don Harris- Housing Program Director  and John Prince -Program Coordinator

Mortgage Investors Group closed 47 plus million last year with Rural Housing!

Original Cartoon by MIG’s very own Taylor Doremus! (See Below)

TN-Lender-Quick-Reference_Page_2
USDAHHF

Home prices post biggest jump in 6 years!

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homeprices jump

Home prices in 20 major U.S. cities were up 5.5% in November compared to a year earlier, their biggest jump in more than six years.

The latest reading of the closely watched S&P Case-Shiller index is another sign of the growing recovery in the long-battered housing market.

The last time prices jumped this much was in August 2006, when the housing bubble was still inflating. Soon after that, prices went into a steep decline that led to a flood of foreclosures. That sparked the most serious economic downturn since the Great Depression.

“Housing is clearly recovering,” said David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices. “Prices are rising as are both new and existing home sales. These figures confirm that housing is contributing to economic growth.”

Housing prices have been helped by a number of factors in recent months, including increased sales of both new homes and previously-owned houses, a drop in foreclosures, and near record low mortgage rates. A drop in the nation’s unemployment rate also is helping.

The rise in home prices is good news for more than just people hoping to sell their home. The higher prices rise, the fewer homeowners that will be underwater on their mortgage, meaning they owe more on their homes than they are worth. That can help many homeowners refinance and save money, which would pump more cash into the economy.

“The ongoing price appreciation is significant, because we expect housing wealth effects to be an important factor driving economic growth in 2013, possibly matching the direct impact on economic output from the rebound in homebuilding,” said Joseph LaVorgna, chief U.S. economist for Deutsche Bank.

Michael Gapen, senior U.S. economist for Barclays, said the fundamentals for the housing market are now strong enough that his firm is forecasting another 6% to 7% rise in prices in 2013, and a 5% to 6% rise again next year. He said the tight supply of homes for sale on the market should support continued price increases, and that the decline in foreclosed homes for sale is reducing the drag that those distressed properties had on overall prices.

“I’m not worried about these increases being overdone,” he said. “Home prices over corrected a bit on the downside, and what we’re seeing now is a recovery from that.”

The S&P Case-Shiller index tracks home prices in 20 major markets. The latest reading showed 19 of them posting a gain in prices, with only New York posting a modest decline from a year earlier. Phoenix, one of the markets hit hardest by the housing crisis, posted the biggest increase, with home prices there climbing 22.8%.

San Francisco and Las Vegas, markets that were also hit by the housing boom and bust, also posted double-digit increases, while Miami, another bubble market, posted a 9.9% rise. Detroit, a city where economic problems led to a high rate of foreclosures, enjoyed an 11.9% price increase.

But even with November’s strong gains, the overall index stands 29% below the home price peak reached in the summer of 2006.
NEW YORK (CNNMoney)

Computer Vulnerabilities: What can we do?

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This Saturday at 2pm here or 100.3 WNOX:

What can we do?

Our Series on Protect Your Family continues:

Kevin Thomas of Knoxville Technology Services and The Housing Hour’s, in-house, IT/computer expert continues our discussion regarding computer vulnerabilities and practical solutions!

Check out last weeks show: Computer Vulnerabilities: How Exposed are we?

2012 Home Sales: Best in 5 years!

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Steady December home sales capped the best year for the U.S. real estate market in five years, according to an industry trade group report Tuesday.

The National Association of Realtors said that December sales of previously-owned homes came in just slightly below November’s sales pace, but up 12.8% from a year ago. That brought full-year sales to 4.65 million, up 9% from 2011 and the best year for home sales since 2007, when there were 5 million homes sold just before the housing bubble burst.

Sales are being helped by a combination of strong market fundamentals — near record low mortgage rates, lower unemployment and a rebound in home prices, all of which are bringing in buyers into the market who had been waiting for it to hit bottom. The mortgage rates and years of depressed home prices have also combined to create the most affordable housing market on record, according to the Realtors group.

And the Realtors are predicting strong sales should continue into 2013 and beyond. It has a forecast for 5.1 million existing home sales this year, and 5.4 million next year.

The improved demand for homes in December led to the inventory of homes for sale to fall to 1.82 million homes on the market, the lowest supply since January 2001. One factor in tightening supplies is a drop in foreclosures and other distressed home sales, which made up only 24% of home sales in December compared to 32% a year ago. The tighter supply, and the drop in distressed sales, have helped to lift home prices so that the median sales price for the year rose to $176,600, up 6.3% from 2011. That’s the biggest gain in prices in since the bubble year of 2005.

he rebound in the market for previously-owned homes is also showing up in the market for new homes, where sales rebounded to their highest levels since 2009, while housing starts reached the highest level since 2008.

cnn

Java Warning!

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WASHINGTON –  The U.S. Department of Homeland Security is advising people to temporarily disable the Java software on their computers to avoid potential hacking attacks.

The recommendation came in an advisory issued late Thursday, following up on concerns raised by computer security experts.

Experts believe hackers have found a flaw in Java’s coding that creates an opening for criminal activity and other high-tech mischief.

Java is a widely used technical language that allows computer programmers to write a wide variety of Internet applications and other software programs that can run on just about any computer’s operating system.

Oracle Corp. bought Java as part of a $7.3 billion acquisition of the software’s creator, Sun Microsystems, in 2010.

Oracle, which is based in Redwood Shores, Calif., had no immediate comment late Friday.

New malware exploiting Java 7 in Windows, Unix systems

A new Trojan horse called Mal/JavaJar-B has been found that exploits a vulnerability in Oracle’s Java 7 and affects even the latest version of the runtime (7u10).

The exploit has been described by Sophos as a zero-day attack since it has been found being actively used in malware before developers have had a chance to investigate and patch it. The exploit is currently under review at the National Vulnerability Database and has been given an ID number CVE-2013-0422, where it is still described as relatively unknown:

“Unspecified vulnerability in Oracle Java 7 Update 10 and earlier allows remote attackers to execute arbitrary code via unknown vectors, possibly related to “permissions of certain Java classes,” as exploited in the wild in January 2013, and as demonstrated by Blackhole and Nuclear Pack.”

The malware has currently been seen attacking Windows, Linux and Unix systems, and while so far has not focused on OS X, may be able to do so given OS X is largely similar to Unix and Java is cross-platform. Additionally, the exploit is currently being distributed in the competing exploit kits “Blackhole” and “NuclearPack,” making it far more convenient to criminal malware developers to use.

Even though the exploit has not been seen in OS X, Apple has taken steps to block it by issuing an update to its built-in XProtect system to block the current version of the Java 7 runtime and require users install an as of yet unreleased version of the Java runtime (release b19). Additionally, the U.S. Department of Defense has issued an advisory to disable Java on systems that have it installed.

Luckily with the latest versions of Java, users who need to keep it active can change a couple of settings to help secure their systems. Go to the Java Control Panel that is installed along with the runtime, and in the Security section uncheck the option to “Enable Java content in the browser,” which will disable the browser plug-in. This will prevent the inadvertent execution of exploits that may be stumbled upon when browsing the Web, and is a recommended setting for most people to do. If you need to see a Java applet on the Web, then you can always temporarily re-enable the plug-in.

The second setting is to increase the security level of the Java runtime, which can also be done in the same Security section of the Java Control Panel. The default security level is Medium, but you can increase this to High or Very High. At the High level, Java will prompt you for approval before running any unsigned Java code, and at the Very High level all Java code will require such approval, regardless of whether or not it is signed.

Since this threat is Java-based, it will only affect systems that have Java installed. Most platforms do not come with Java, but if you have installed it and do not need or regularly use it, you might consider removing it from your system. While Java is convenient for legitimate developers, its conveniences also help malware developers spread their harmful practices to multiple platforms.