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Posts Tagged ‘mortgage meltdown’

Mortgage Meltdown: U.S. Home Prices – Comparing 2006 to 2010

Thursday, June 3rd, 2010

Between 1997 and 2006 the price of the typical American home increased by 126%.  Pretty amazing number to see huh?  Well, what about from 2006 to 2010?  What has happened in the more recent market and how is the current housing market looking?  Whether you are buying, selling, looking for a VA loan, or traditional, check out the infographic below to find those answers.

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Mortgage Meltdown: U.S. Home Prices - Comparing 2006 to 2010

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JP Morgan Chase Bank Does NOT Help Veterans With VA Loans Like They Could

Tuesday, May 4th, 2010

The purpose of this article is not to trash on Chase or JP Morgan but I have got to tell you that when I see a Reuters headline “JP Morgan underwrites securities tied to VA loans” it makes me feel like the media is misleading our veteran home buyers yet again.

In the wake of the mortgage meltdown JP Morgan Chase exited the TPO or brokered loans portal and decided almost over night that they would not even honor locked in TPO loans for veterans.  I personally had to disappoint numerous military families with this bad news and quickly become the bad guy!

I think all vets, military families, etc should keep in mind that JP Morgan Chase did NOT have veterans and VA loans in their interest a couple of years ago when it was needed the most!

Sincerely,

A frustrated VA loan officer