Jay Lopez » Mortgage

The Credit Crisis Illustrated

Jay — Sat, 28 Feb 2009 17:26:31 +0000

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Kudos to Jonathan Jarvis for a video and explanation well done, clap clap clap.

Tech Evolution Will Eclipse the Financial Crisis

Jay — Tue, 17 Feb 2009 10:48:19 +0000

A brilliant TED talk from Juan Enriquez
Feed your head, if not for me for the Axolotl.

A Loan Without The Bank

Jay — Mon, 02 Feb 2009 10:55:18 +0000

Could this make it to the US ?
Home loans, small business loans, and mortgages based on investing in your community, it’s happening in Germany.

Click here to view the video

How Much Can Each Bank Get in Bailout Proposal?

Jay — Wed, 15 Oct 2008 03:58:55 +0000

Bank name / Funds to be expected received
Citigroup $25bn
JP Morgan Chase $25bn
Bank of America* $20bn
Merrill Lynch* $5bn
Wells Fargo $25bn
Goldman Sachs $10bn
Morgan Stanley $10bn
Bank of New York Mellon $2-3bn
State Street $2-3bn

Source: Banks and regulators *Bank of America is acquiring Merrill Lynch

Here is a great article on the US $250bn rescue plan, from the Financial Times.
Click Here For Article

When Will the Southern California Housing Market Recover?

Jay — Tue, 19 Aug 2008 22:29:19 +0000

Is the housing market at the bottom? Is now the time to buy?
It’s a great question that I get at least 5 times a day. It’s also a question with no easy answer. The oversimplified answer is it will start to recover soon in desirable regions and less desirable regions may take some time to bounce back, depending on when the property was purchased.

Here is a great article from real estate economist Richard K. Green from the USC Lusk Center for Real Estate. Enjoy.

Get in depth article

You Might Be Able To Save On Your Property Taxes

Jay — Wed, 28 May 2008 07:37:30 +0000

Some L.A. county residents qualify for a reduction in their property taxes!

Click here to read more.

Have You Been Laid Off Due to the Mortgage Industry Conditions?

Jay — Fri, 11 Jan 2008 00:24:27 +0000

Since the mortgage industry’s downturn, I have witness an immense amount of people switch lines of work, mostly they have ventured into retail.
Well this Friday the City of Los Angeles Worksource System in partnership with the

Employment Development Department State of California, Los Angeles Trade-Technical College, and Los Angeles Valley College will provide information to help those individuals that have been laid off or anticipate being laid off due to the downturn in the mortgage industry!

Come to a FREE orientation meeting to learn about
RESOURCES, TRAINING & NEW JOB OPPORTUNITIES…

FRIDAY, JAN. 18, 2008 from 9am-11am
Los Angeles Valley College
Cafeteria Conference Room
5800 Fulton Ave.
Valley Glen, CA 91401
Call 818-947-2600 for information related to parking, directions, etc.
Or Click Here
Call 311 for more information about the event or
Contact: Dennis Parks 213.744.7142, e-mail to: dennis.parks@ lacity.org

Good News About Mortgage Rates

Jay — Fri, 30 Nov 2007 23:34:18 +0000

Rates have headed back down!
The current mortgage rate is at an amazing 2 year low, and is averaging 6.1% across the U.S. It is at its lowest since October 13, 2005 when it was averaging 6.03%.

Donald Trump on the Housing Market

Jay — Fri, 05 Oct 2007 22:58:25 +0000

CNN’s The Situation Room talks with the Trump himself.
I have to agree with “The Donald” on who is responsible for the current housing market. Builders, lenders, investors, buyers, sellers, borrowers, essentially everyone.

But I’d like to add that there is a parallel between Manhattan and Los Angeles in that they are both unique marketplaces.

As for Los Angeles, we have a limited amount of space, a steady stream of new residents, and an amazing economy.
Click here for video

Can You Clear A Negative Credit Mark By Paying It Off

Jay — Wed, 19 Sep 2007 17:06:23 +0000

Straight from the proverbial horse, credit bureau TransUnion gives advice.
One common misconception is that paying off a negative record will get it removed from our credit report. Not quite, says TransUnion, the Chicago-based consumer credit management service.

Negative records, such as collection accounts, late payments and bankruptcies can stay on your credit report for seven to ten years even if you pay it off. But paying off your debts is still a smart move because they will be marked paid on your credit report.