Tag Archives: mortgages

David Luna-Mortgage Educators and Compliance

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Special Guest

David Luna

President of Mortgage Educators and Compliance

joins The Housing Hour this week to discuss big changes that are happening in the mortgage industry. From the  proposed Federal  Budget to new credit reporting enhancements, David unlocks the mysteries   with easy to understand terms.

You don’t want to miss this show!

David Luna-Mortgage Educators and Compliance

David Luna has more than 35 years of experience in the mortgage lending industry. He presently serves on national boards and holds several national and state certifications. He has been a consultant for Fannie Mae, Freddie Mac, as well as other large national banks. He has been featured in Mortgage Technology Magazine, National Mortgage Press, newspapers, NBC, CBS and ABC.

David is President of Mortgage Educators and Compliance, an NMLS approved education provider. He has served as Commissioner (a Governor appointed mortgage regulator) and in several executive positions for banks, credit unions, mortgage bankers and brokerages throughout his career. Including Mellon Bank of New York, Great Western Bank of California, several Federal Credit Unions as well as Vice President of large publicly traded Mortgage Companies.

This year he was asked to present to the Federal Home Loan Bank to over 700 banks and credit unions. He has received numerous awards such as the NAMB’s Affiliate of the Year, NAMB President’s Award and National Mortgage Professional Magazine’s 50 Most Connected Mortgage Professionals for 2016.

 

 

 

 

 

 

Do Quotient by Terry Adams

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Do Quotient by Terry Adams

Terry Adams

Do Quotient by Terry Adams

The Housing Hour is honored to have Terry Adams and Phillis Burnett of  Adams Law Firm and Admiral Title as our show  sponsor but we are extremely  proud to announce Terry’s recent article in Cityview Magazine and soon to be new book: Do Quotient.

“Today is a big day for us. After more than 7 years of research we have officially announced the Do Quotient to the world in this months Cityview magazine. There will be much more to come, including a book this year of the same title. We believe that this added value approach to counseling clients is the future of practicing law & will provide a framework for success in business & life.”  Terry Adams

Listen to our interview with Terry as he talks about his career, interests and Do Quotient!

Solar Power had record year!

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aries

Over 3.3 gigawatts of solar power were installed last year!

Check our interview with ARiES Energy’s  Harvey Abouelata President/CEO:

Solar Power had record year with over 3.3 gigawatts of solar power  installed last year, according to a report Thursday from the Solar Energy Industries Association, a trade group. That’s enough to power about 500,000 homes, and it was a 76% increase from 2011.

The industry credited the jump to the declining price of solar panels, stable tax incentives and better financing options.

“We’ve brought more new solar online in 2012 than in the three prior years combined,” SEIA head Rhone Resch said in a statement. “And every one of these panels was bolted down by a member of the U.S. workforce.”

The industry estimates it now employs 119,000 people in the United States — a 13% jump over last year. It’s expecting another record year for solar installations in 2013.

Related: SolarCity CEO talks the future of solar power

The price of solar panels has declined 60% since the beginning of 2011, according to SEIA. Lower prices for silicon — a main ingredient in the panels — and massive investments in manufacturing capacity, especially by the Chinese, have helped push down prices.

These price declines have squeezed profit margins for solar panel makers. Several have filed for bankruptcy over the past couple of years, including Solyndra, Abound, Evergreen and Q-Cells.

Analysts expect more bankruptcies in the years ahead, as prices continue to fall and smaller, less efficient companies get pushed out. The situation is sometimes compared to the dawn of the auto age, when there used to be dozens of carmakers before consolidation led to just the Big Three.

But falling prices are clearly a boon for consumers and companies that specialize in the sales and instillation of solar panels, such as Solar City (SCTY), Sunrun and a host of others.

While solar power still represents a small fraction of the nation’s overall electricity generation — under 1% in 2012, according to the engineering and consulting firm Black & Veatch, it’s expected to grow substantially over the next couple of decades.

The cost of solar power is competitive with other energy sources in some U.S. markets, such as California and New Jersey, where subsidies are generous and the price of electricity is high. But if you exclude the big subsides and mandates the industry enjoys, the U.S. Energy Information Administration says the cost for new solar electricity nationwide is still more than twice that of the nation’s cheapest power source — CNN

Boomerang Buyers….eh, what?

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Boomerang The housing bust of 2007 has caused one big mess in our country but during this crisis, maybe as a way to help  understand or explain it, media outlets and others have created  new terms to describe market conditions.  Terms like, Zombie foreclosures, Zombie subdivisions, robo-signers, and now the Wall Street Journal has started a new category: Boomerang Buyers.

Boomerang Buyers are former home owners who lost their home during the housing crisis but now are possibly eligible to re-enter the home buying market. Estimates range around 800,000 buyers are now eligible for FHA financing. This number is up from approximately 285,000 in 2011 and is estimated to raise to 1.5 million in 2014.

So exactly what is required of the Boomerang buyer  to be eligible for mortgage financing after a foreclosure?

The answer depends on the type of mortgage you’re applying for along with many other important factors(like credit and credit scores to name only two) but one of the 1st requirements are time frames. Conforming loan requirements like FNMA/FreddieMac require a combination of a certain number of years and specific percentage down payment. Government loans vary too, VA minimum requirement is 2 years while FHA is 3 years. But time frames and down payment requirements are only the start. There are many other factors that must be considered and its important to note there are always exceptions to these rules.

Here’s the bottom line, if you were financially effected during the housing crisis, you still may be eligible for home financing. The best way to find out is to contact one of our MIG Loan officers and start the discussion and the qualification process.

Who knows, you may be a potential boomerang buyer and didn’t even know it!

The Housing Hour on the Ed and Bob Show!

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Join Kevin and Mark for some laughs and great info on the WNOX top morning show, ‘The Ed and Bob Show’

The Housing Hour 07.14.12 (Saturday’s 2p-3p, 100.3 WNOX)

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Our guest today was Doug Lawyer, Vice President of Economic Development  with the Knoxville Chamber of Commerce. Doug will be discussing Innovation Valley, a regional economic development initiative centered on a 25-mile Technology Corridor with world-class resources in science, technology, and business.
Our Good Will section features Legacy Parks Foundation— Chad Youngblood joins our show to talk about how the organization works to assure that our community enjoys exceptional recreational opportunities, natural beauty and open spaces, and that those assets exist for generations to come. Also check out their newest website for all the parks and trails! Outdoor Knoxville!!

The Housing Hour 6.30.12 — MIG HEROES

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The Housing Hour 6.30.12 Special MIG HEROES by The Housing Hour

The Housing Hour -Aired 6/23/2012

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Our Guests:

Special guest Terry Adams , Adams Law Firm and Admiral Title, joins The Housing Hour. We will discuss legal issue that effect housing and related industries. Also, Terry talks about his contract negotiating  services for Athletes and Entertainers. Terry has offices in Knoxville and Nashville.

The second segment we will be talking to Bavy Lopez,Assistant General Agent, Capital Financial Group, LLC regarding investment strategies and insurances. Bavy discusses his’3 ‘flavors’ of advisers and describes :Financial Junk Drawers-Paralysis by Analysis-Blood is Thicker than Water.

Our last segment will be be highlighting Clayton Center for the Arts, “Music in the Air” Festival coming up at the Ronald And Lynda Nutt Theatre, June 29th-July1st. Executive Director, Robert Hutchens talks about The Center and its diversified out reach programs.

The Housing Hour – Aired 5/19/2012

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Mansour Hasan,  of State Farm Insurance,  talks  about property Insurance and what you need to know about liability coverage. From insuring  jewelry to rental property, Mansour  walks us through the intricacies of  homeowners insurance.

We will also have guru web designer Kevin Thomas with us to explain the importance of thoughtful web design.  Kevin explains the main purpose of a website and how to attract maximum number of customers by search engine optimization.  Kevin is the webmaster of The Housing Hour.

Our last segment we will have  Lynn K. Petr from Shangri-La Therapeutic Academy of Riding (STAR). Lynn joins our program  to talk about how she first got the idea to start Star and how its grown to its present size.

The Housing Hour – Aired 4/21/2012

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This weeks show:

Special Guest – Lindsay HallSr. Director of Single Family Programs
& Laurie GilliamCedar Bluff Schools

Websites mentioned:

Lindsay Hall, Director of Single Family Programs with THDA, talks about Mortgage Investors Group, Veterans, The Hardest Hit Fund and most importantly she breaks down for our listeners all of the programs that THDA offers. THDA is a first-time homebuyer program that has been around since 1973, and was created by the Tennessee General Assembly. Its primary goal is to facilitate the purchase of residential property for those who qualify. They don’t just stop there! They also have partnered with many organizations, cities and counties to help educate our communities about the importance of owning a home. Their homebuyer education program is top notch. THDA does a tremendous job educating homeowners on the ABC’s of managing their finances. They also have created a website to help those needing assistance in this tough economy as the country begins to recover. Please visit www.keepmytnhome.org for more information. Mortgage Investors group is proud to say they are the number one THDA Lender! Mortgage Investors Group has finished at the top for nine years in a row! The Housing Hour would like to thank Lindsay for coming on our show!

The last segment of the show, we talked to Laurie Gilliam of Cedar Bluff Schools, about their annual fundraiser, Springfest. Springfest, formerly Mayfest, is an annual fundraiser held at the campus of Cedar Bluff School on April 28, 2012. Please join the Cedar Bluff Schools for a fun filled day with your family.