Wall Street Journal...
The Housing Crisis Is Over!

Our information today may be on the light side, but this is Heavy stuff!  This may be the best article I have read in some time.  Please read this thoroughly.  It may take a few reads to get, but the author CYRIL MOULLE-BERTEAUX makes some very strong points and has obviously done some homework.  I love the comparisons to past cycles.

    

 

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More WSJ Good News!

MBS (Mortgage Backed Securities) are the true drivers of our rates and product lines.  The fact that Wall Street is starting to re-look at these securities is a good sign for us. Although, I firmly believe the loan programs of the previous 3-4 years have been too Loosey Goosey, I now believe the pendulum has swung WAY too far to the other side.  I really hope this opens things up for our JUMBO Loans as well as many of our Self Employed products that have historically performed.

 

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FNMA (Fannie Mae)...
Coming Through For Us

FNMA has opted NOT to raise the Down Payment requirements for new homeowners.  This news greatly effects depreciating markets (North Texas does not fit into this mold), but we will reap the benefit, to be sure. 

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Green Watch 
 
T. Boone Pickens - Gets It!

Not only has he been spending money to buy up most of Central Texas’ Water rights (get ready to pay BIG for water in the coming years), but he is also capturing West Texas’ wind.  Those of you who went to Texas Tech can confirm – there is lots of wind and hot air out there. 

The LOHAS Lifestyle possibilities are endless………………….

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Professional Service



USE SHELTER MORTGAGE. 

The current Mortgage Industry is under siege. Many of our friends in the Broker world are struggling to stay afloat. I am more than happy to salvage any deals from other lenders that are unable to perform. I would love the opportunity to Knock Your Socks Off with our service and win a business partnership with you.

Have a great weekend!

30 YR. Fixed w/1 origination fee	30 YR. Fixed w/no origination fee
5.875%	6.250%
15 YR. Fixed w/1 origination fee	15 YR. Fixed w/no origination fee
5.250%	5.750%

Cheers!

C- 

  Christian C. Johnson
  Senior Loan Officer
  214.445.6553 Dallas
  817.361.6133 Fort Worth
  Fax 800.835.1767
  christian.johnson@gbmail.com
 

                                             ©2008 Shelter Mortgage