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Flexible Lending Rules . . . Yeah, That’s the Ticket!

An old Washington Mutual commercial. I’m sure it was funny in 2005…but I bet WaMu shareholders aren’t laughing today.

Link to WaMu Mortgage Commercial

Hat tip: Mike Mueller

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• Quick Hits

  Is house flipping making a return?
  NPR reports on the rising trend of all-cash housing transactions, including a resurgence of house flippers. More...

  
  

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  The NY Times reports that homeowners with mortgages in excess of $1 million are defaulting at a 1 out of 7 pace. More...

  
  

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  The Senate on Wednesday approved a tax credit extension for homes in escrow through September 30. More...

  
  

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Recently Written

• Is house flipping making a return?
• Portland Real Estate Market Activity – July 2010
• Oregon: Top Housing Market by 2014?
• Portland Real Estate Market Activity – June 2010 results
• Wealthy Owners Defaulting at Higher Rate Than Middle Class
• Portland Real Estate Market Activity – May 2010 Results
• Senate Extends Tax Credit Deadline
• Lights. Audio. A Camera Crew. What Could Possibly Go Wrong?
• Portland Real Estate Market Activity – April 2010 Results
• Portland Real Estate Market Activity – March 2010 Results

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INFO YOU SHOULD KNOW

Please take a look at the following state agency pamphlet.
It contains useful information about the relationship between Real Estate Agents and Buyers and Sellers.
This is not a contract and does not bind you to us as your agent.

Click Here for the Oregon State pamphlet
Click Here for the Washington State pamphlet

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2211 NW Front Ave Ste. 101, Portland, OR 97209

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