GOVERNMENT LOANS ACCEPTING A 540 FICO??

Hey guys guess what?? Government Insured Loan Programs are now accepting individuals with a 540 mid fico score. Well I guess I should not be surprised given the information that was released May 6, 2008 to YAHOO NEWS. Fannie Mae and Freddie Mac Corporations are going to do an offering of 4 billion dollars on its shares??



My question is "Who is going to be motivated to buy your shares if the lending guidelines are too strict and interest rates are steady climbing?" Nobody is motivated to get a loan, hence the new lending guideline was released suprisingly the same day as the above announcement that Government Insured Loans may require only a 540 fico. Folks this is truly "AMAZING"!



With housing inventory being up and rates still being low, and businesses cutting back NOW is the time to get your home or build your personnell and inventory in your business.



What this says to me and should say to you is now is the time to start your small business through the SBA backed programs, get an FHA Loan, and Try a NACA or Nehemiah Grant.



If you are exhibiting any interest in any of these programs feel free to contact me at SIMPLE MONEY REO and I can make sure that I point you in the right direction.

COMMERCIAL BUYERS, SELLERS AND REFINANCERS

I would like you to know that you as a commercial business owner or want to be owner have so much available to you in the way of funding and refinancing your businesses, small and large.

My job is to keep you abreast of these opportunities and present them to you on a weekly basis. I plan to keep you informed of what these options and opportunities are, and to also be of some assistance to you through this process. I will be offering you some business help so that you can run your companies more efficiently in a cost effective and time efficient manner.

There is an article in BusinessWeek titled Intraprenuers and Adaptive Persistence and I suggest you new and seasoned business owners read this article it talks our recession, by spotting small opportunities you can possibly increase profits. I will also be placing in this blog links to online resources to help you commercial and business owners out there.

There are some great Trade Publications out there that are no to low cost to you as a commercial business owner some of which I subscribe to myself

Hopefully this blog content will help you make better decisions in this economic downturn.

Funding for some I have found can happen in as little as 24 hours, amazing!!!

I SPECIALIZE IN COMMERCIAL AND BUSINESS FUNDING UP TO 100%.

REAL ESTATE DOWNS ARE UPS???

This market has alot of agents very nervous, but in reality the seasoned agent sees this as an opportunity to make even more money. As the less seasoned agents that hurried into the industry feeling like they have just arrived to the party and now all of the chips and beer are gone, the seasoned agents just wait patiently on the REO's and FORECLOSURE clients to comma knockin.

"You seasoned players get ready we are not even at the half way point for whats in store for us as lenders, as brokers, agents, and secondary market players" said Michael Covino, president of wholesale super-jumbo luxury mortgage lender Luxmac Covino and Co. Tarrytown NY He says he does not want to be the bearer of bad news, but the mortgage market place is not in a recession. It's in a depression. If you didn't prepare for this and if you are not prepared for the fallout, whether you are a broker or a banker, you are probably going to exit the business.

What some of you agents out there in the marketplace must keep in mind is that no matter how you look at it you must reposition yourself in this market to survive. I personally do not involve myself in a transaction that does not have atleast 100K in equity in it. Make no mistake in this market I am finding a plenty of these type of deals from Residential to Commercial, and I happen to love to share.

Start looking at selling notes, REO, Foreclosures and Investor Workshops.

I am very interested to know what the general feeling is out there among those left in the industry.