The news media won't share the good news about mortgage lenders such as Countrywide Home Loans

Par for the media is all the negative news coming out of the various news programs. I have heard numerous remarks on several TV broadcasts that Countrywide has ceased offering Jumbo loans and their 100% programs. These rumors are simply NOT correct. What is true is that these types of programs are no longer available to the high risk borrowers but they are available to the normal credit risk purchasers.

There is plenty of blame to go around as to why this all happened. The Wall Street Broker, Wall Street Rating Services, Lender, and Investors were all pushing mortgage products they fueled the real estate boom and ran up this huge SubPrime problems. It will take some time and some investors will loss money on mortgage products that should never have been in the market in the first place but overall we will move forward.

If you are interested in buying or selling in the Birmingham – Bloomfield Hills area there is still money available so now is the time to be exploring your options. If you would like a copy of our book  "Get The Best Deal When Selling Your Home – Southeast Michigan Edition" call or drop us a note and we’ll get one to you.

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