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What to expect

After the rescue plan takes effect more money will be available for mortgages.  That doesn’t mean everybody will qualify. The standards will still remain very high.  Market activity should increase but prices will not go up. There is so much inventory of unsold homes that there will still be downward pressure on prices (supply and demand) until the inventory is reduced. However it will be a good time to buy a home, especially if you plan on staying long-term. Don’t look for the bottom. You wont find it until things improve.

Posted on September 30th, 2008 by  |  2 Comments »

TOP SALES MANAGER IN WESTPORT - Beverly Walsh

WILL AIR SEPTEMBER 4th at 6:30 pm on CHANNEL 77 (GREENWICH TO WESTPORT) and SEPTEMBER 12th at 4:30 pm CHANNEL 77 (FAIRFIELD TO WOODBRIDGE)

Richard Maybruck - Producer & Host

Ann Meyerson - Moderator

Jim Bremm - Moderator


Beverly Walsh
Vice President, Sales and Sales Manager
William Raveis Real Estate, Mortgage, and Insurance
47 Riverside Avenue
Westport, CT 06880

Office: 203 227-4343
Direct: 203 682-4341

Beverly.walsh@raveis.com

www.raveis.com

Beverly began her real estate career in 1992 in the same William Raveis office which she now manages. That first year she was named Rookie of the Year. While in a sales position she served on the Company’s Agent Advisory Council as well as Exceptional Properties Manager. She placed in the top 5% in sales volume nationwide. During the year 2000, Beverly moved from sales into management of the Westport Office and was subsequently promoted to Vice President, Sales. During her tenure as manager, the office has seen substantial growth in market share. It ranks as the #1 office in market share in sales volume and sales units for the towns of Westport and Weston. Within the company, the office holds the #2 spot in sales volume and profitability out of 55 offices within the Company.

“I had the privilege to be asked to lead a very talented team when I stepped into the job. My management philosophy has been to support the agents unconditionally, hire the best talent in the local marketplace, and provide the team with the leadership and cooperative working environment they need to excel at their jobs. The Company tools, including its national recognized website “raveis.com”, are the foundation for the growth of the office.” Beverly acknowledges. Since the inception of “manager of the year” awards at the company four years ago, Beverly has won the award three times. In 2007, she was also the recipient of the Entrepreneur’s Award, which is the highest award given to management within the Company.

Prior to real estate, Beverly developed, owned and operated “The American Country Collection of Bed & Breakfast & Country Inns”, a privately held company based in upstate New York which provided multi-faceted marketing, services, and lobbying for small lodging establishments. She served on the Board of Directors of the New York State Hospitality and Tourism Association, which was, at that time, the largest trade association in the state of New York.

Beverly resides in Fairfield with her husband, Michael and together they have two grown children.

Posted on August 28th, 2008 by  |  1 Comment »

Show Guest July 2, 2008

Jim Bremm - Home Loans

Jim Bremm - Senior Mortgage Broker

Atlantic National Mortgage
18 Kings Highway North
Westport, CT 06880

Office: 203-682-7127
Cell: 203-521-6776

jbremm@atlanticnational.net

www.jimbremmhomeloans.com

Guest on The Real Estate Forum TV Show: July 3, 2008

Born and raised in Fairfield, Connecticut, Jim put himself through college at Fairfield University where he earned a B.S. Degree in Marketing and an M.B.A. in Marketing and Management. Jim also holds a Connecticut Real Estate License. After living in the Georgetown section of Washington DC for 5 years and in New York City for 5 years, Jim currently resides here in your community.
Jim spent 8 years with Nabisco Brands in various Marketing, Sales, and Management roles; always exceeding expectations as evidenced through his 5 promotions during his tenure. During the 1990s, Jim ventured into the dot com arena, where he worked as a Client Manager for TMP Worldwide, the parent company of Monster.com. Given his known passion for real estate, Jim was asked to help launch a new division of Monster.com called Monstermoving, where he held the role of US Product Director. Monstermoving / Moving.com is a virtual relocation company where Jim and his team developed online real estate and mortgage strategies for Fortune 500 Companies and the various branches of the U.S. Government and Military. Jim was also a Loan Originator for Washington Mutual and a Senior Home Loan Consultant for Countrywide Home Loans.
Most recently, Jim brought his 15 plus years of mortgage and real estate experience to Atlantic National Mortgage. At Atlantic National Mortgage, Jim is a Senior Mortgage Banker and the Director of New Project Development.

In his spare time, Jim has purchased and renovated 12 homes which is his passion. Jim also held a volunteer role at the Washington DC animal shelter and is currently on the Board of Directors of the Fairfield Beach Residents Association. As an entrepreneur, Jim also invented and holds the patent for the Liberty Leash, which is a hands-free training tool for dogs.

Education, experience, and customer service set Jim apart from the rest.

Posted on June 27th, 2008 by  |  No Comments »

Banks tightening mortgage standards

Fed: Standards on consumer and business loans near historic highs in response to the credit crisis.

WASHINGTON (AP) — The Federal Reserve reports that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis.

The Fed reported Monday that the percentage of banks reporting tighter lending standards was near historic highs for nearly all loan categories.
The survey, conducted in April, found that nearly two-thirds of banks surveyed had tightened lending standards on traditional home mortgages with 15% saying those standards had been tightened considerably.
The current credit crisis began last year with rising defaults in the market for subprime loans, loans extended to borrowers with weak credit histories. Many of those subprime loans were packaged into mortgage-backed securities and sold to investors around the world.
Those investors, however, have pulled back from the subprime market and from other types of credit as losses have soared with the rising mortgage defaults.
As losses have mounted, more and more banks have grown reluctant to make loans and have been tightening up on standards. The Fed has been pumping billions of dollars into the banking system in an effort to encourage banks to keep lending to guard against the threat that the tighter credit could push the country into a deep recession.
The latest Fed survey found that banks tightened their lending standards on not just prime or traditional mortgages, but also on nontraditional mortgages such as “Alt-A” loans given to people who supplied only limited income verification. The survey found that about 32% of the banks responding to the survey had tightened “considerably” their standards for nontraditional mortgages and another 43% had tightened standards in this category “somewhat.”
The survey found that only nine banks are currently making loans in the subprime category, and of that group, seven had tightened lending standards either considerably or somewhat.

Posted on June 27th, 2008 by  |  No Comments »