Author Archives: Chris Butaud

About Chris Butaud

Mortgage Originator with a CPA & a Masters in Taxation. This background has proved invaluable to my clients in the ever-changing and complex world of mortgage origination.

Should I Stay or Should I Grow? – Bringing Clarity and Objectivity to the “Move-Up Buyer” Decision Making Process in Uncertain Markets

If Gross Domestic Product (GDP) measured uncertainty and indecision in the housing market, the government would be reporting record numbers right now. And while all homebuyers and sellers are affected by this uncertainty, its most debilitating effects are likely with “move-up buyers … Continue reading

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How Does A Short Sale Affect Your Credit Score?

by Blue Water Credit……www.bluewatercredit.com……7-13-11 I am often asked what the impact of a short sale or foreclosure is on a credit score. Unfortunately, there is no straight-forward answer. This is such a difficult question to answer simply because it depends … Continue reading

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Excellent (If Wonkish) Forward-Looking Analysis of the Mortgage/Housing Crisis

Just passing on some good work by the Amherst Securities Group. http://www.aei.org/docLib/AEI%2007-21-2011%20Goodman.pdf

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American Dream Pie – My Tribute to the Mortgage Broker

American Dream Pie A long, long time ago,I can still rememberHow the money used to make a pile. And I knew if I had my chance,That I could whoop those bankers’ pantsAnd beat their rates and service by a mile. … Continue reading

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Recent Short-Sale Not Necessarily a Barrier to New Financing

FHA Guidelines What are the guidelines for borrowers with a short sale on a previous principal residence? Answer When a previously owned property was sold for less than what was owed (short sale), borrowers are considered eligible for a FHA insured mortgage if, … Continue reading

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Purchasers After a Foreclosure Should Ask for the Homeowner’s Title Policy

Reposting and unfortunately all too relevant post from Dwight Bickel, Corporate Counsel for Ranier Title. Did you know that some title companies do not offer the ALTA Homeowner’s Policy of Title Insurance after a foreclosure sale?  Purchasers who want the extra protection … Continue reading

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Buddy, Can You Spare a Million? – Mortgage Solutions for High Net Worth Borrowers

Pity the poor millionaire who needs a mortgage in the current lending climate.  You won’t find politicians creating special programs to alleviate their sufferings.  Of course, they don’t feel the pain in the same way as the common man, but, … Continue reading

Posted in Jumbo / High Net Worth, Uncategorized | Leave a comment