Category Archives: Hernando County Mortgage Information

Breaking News: E Loans Mortgage Inc Opens In Hernando County

Posted on by

I have some exciting News To Annouce:

We Are Happy To Announce The Launch Of E Loans Mortgage Inc!

It’s not news that the Real Estate and Mortgage Industry both have seen their fair share of challenges over the past few years, but sometimes out of those challenges come exciting innovations and new ideas. With that said, it my honor and privlage to announce the launch of E Loans Mortgage Inc.

Here at E Loans Mortgage our Mission is simple : To Provide The Highest Level Of Professional Mortgage Banking Services To Our Clients, Using The Latest Technologies To Help Our Borrowers Achieve Their Goals Through The Most Transparent, Easy To Understand Lending Practices Possible.

Through my many years of industry contacts I have built a strong network of Partner Wholesale Lenders and Service Providers who offer some of the best Mortgage Products available anywhere. By Leveraging These Contacts, we have been able to secure negotiated Mortgage Terms that will provide our Borrowers with some of the Best Rates and Closing Costs available anywhere.

We offer the following Mortgage Products:

usda_logo.png

FHA                         USDA                       VA                  CONVENTIONAL

The Team Here at E Loans Mortgage Inc is excited about the new opportunity to serve our borrowers, and it’s my personal belief that you wont find a better more educated team of Mortgage Professionals anywhere. Regardless if you are a First Time Home Buyer or a Seasoned Investor, rest assured we have a Mortgage Product to fit your individual needs. Being an independant Lender, E Loans Mortgage does not have to fit you into a specific box, this allows us the opportunity to custom tailor a Mortgage Plan designed to meet your specific financial goals and needs.

Humbly,

Steve Fingerman

President

E Loans Mortgage Inc

4117 Mariner Blvd.

Hernando County Florida, 34609

Office 352-688-7949

Cell 727-946-0904

www.E-LoanMortgage.com

 

What’s Not Covered In Florida Home Owners Insurance?

Posted on by

Do You Know What is NOT Covered in Your Home Owners Insurance Policy?

You Might be Surprised

 

In recent years, insurance carriers in Florida have added many exclusions to property insurance policies, with little oversight or public debate. These exclusions are drafted into policy leaving consumers with less coverage for the same (if not higher) premium.

Because many policyholders rarely read every word of their large and complex policies, they may not even be aware of what is NOT covered. Since policyholders are unable to negotiate policy language, they are left with a choice of accepting the changes, purchasing new endorsements or seeking a different carrier.

Examples of common policy exclusions include:

Eliminating Your Rights to Appraisal – For 200 years, policies have included the binding appraisal process to settle disputes between insurance companies and the insured over amount of loss or value of damaged property. Many insurers are restricting or eliminating this provision, which provides important consumer protections.

 

Giving You a Sinking Feeling – Many policies no longer cover damage from sinkholes unless the sinkholes are deemed “catastrophic,” usually meaning large and sudden. But slowly occurring sinkholes can cause catastrophic damage to a home and its value. Damage can run into the hundreds of thousands, often more than the value of the home, leaving many homeowners with no other choice than to walk away from their mortgages.

 

Requiring You to See Through Walls – Most insurance claims deal with water damage, often stemming from damage behind walls or under slabs that doesn’t become noticeable for weeks or months. Citizens and other insurance companies now deny claims for leakage occurring over more than 14 days, even if it is hidden from sight. In fact, Citizens has just announced plans to further expand its water exclusion.

 

Eliminating Coverage for Mold – Where there is water damage mold often forms. Though it is recommended that water be removed and damaged areas dried within 48-72 hours, company insurance adjusters often are unable to visit the home within that time. No matter the reason, if mold forms, most companies will no longer cover the cost of its removal.

 

Leaving Screened Structures Uncovered – Popular in Florida, screened enclosures used to be covered under most homeowner insurance policies. Many carriers have now added exclusions that remove screened structures from coverage.

 

Re-Defining “Falling Objects” – Typically, damage from falling objects in a home or condo (such as floor damage from a falling light fixture or fan) is covered. Citizens’ new condo policy, however, only covers such damage if the falling objects come down from the sky through your roof or walls. Great coverage for meteorites, but little else.

Join FAIR BY CLICKING HERE

California Files Suit Against Fannie and Freddie

Posted on by

SAN FRANCISCO – California’s attorney general filed lawsuits against mortgage giants Fannie Mae and Freddie Mac on Tuesday, demanding that the companies that own some 60 percent of the state’s mortgages respond to questions in a state investigation.

Attorney General Kamala Harris, whose office filed the lawsuits in San Francisco Superior Court, is investigating Freddie Mac’s and Fannie Mae’s involvement in 12,000 foreclosed properties in California where they served as landlords. She also wants to find out what role the companies played in selling or marketing mortgage-backed securities.

 

The essentially identical lawsuits ask the mortgage firms to respond to 51 investigative subpoenas that call on Fannie Mae and Freddie Mac to identify all the California homes on which they foreclosed. They also want the mortgage firms to reveal whether they have information on the decreased value of those homes due to drug dealing or prostitution, as well as explosives and weapons found on those vacant properties.

“Foreclosures not only affect the families who lose their homes, but also the safety, health and welfare of the entire community,” the lawsuit said.

Harris also called on Fannie Mae and Freddie Mac to disclose whether they have complied with civil rights laws protecting minorities and members of the Armed Forces against unlawful convictions and foreclosures.

The suits also seek to determine whether the companies are in compliance with California’s securities and tax laws.

The companies were taken over by the federal government and put into conservatorship under the Federal Housing Finance Agency in September 2008 to save them from collapse.

An attorney representing the Federal Housing Finance Agency said in a letter attached to the lawsuits that the 51 subpoenas were “frequently vague and ambiguous,” and said state attorneys general did not have the authority to issue subpoenas against the federal conservator.

“The burden to collect that information would be nothing short of staggering,” the letter said.

Representatives of Fannie Mae and Freddie Mac said the companies would not comment on the lawsuits Tuesday.

The lawsuits could determine whether states have a right to investigate the mortgage firms while they are under federal control. Harris argues that since the mortgage companies own properties in California, they are subject to state law and demands.

Fannie Mae and Freddie Mac buy home loans from banks and other lenders, package them into bonds with a guarantee against default and then sell them to investors around the world. The two own or guarantee about half of U.S. mortgages, or nearly 31 million loans.

The companies have so far cost American taxpayers more than $150 billion — the largest bailout of the financial crisis. They could cost up to $259 billion, according to the FHFA.

Two former CEOs at Fannie Mae and Freddie Mac last week became the highest-profile individuals to be charged in connection with the 2008 financial crisis. In a lawsuit filed in New York, the Securities and Exchange Commission brought civil fraud charges against six former executives at the two firms, including former Fannie CEO Daniel Mudd and former Freddie CEO Richard Syron.

The executives were accused of understating the level of high-risk subprime mortgages that the companies held just before the housing bubble burst.

Harris has created a task force that is pursuing criminal charges and civil judgments in mortgage fraud cases. She has said that her office would not join a planned 50-state settlement over foreclosure abuses that federal officials and other state attorneys general are negotiating with major U.S. banks.

She said the settlement gave bank officials too much immunity from civil litigation.

Harris said 768,330 residential mortgages were foreclosed on in California between January 2007 and June of this year.

Read more: http://www.foxnews.com/politics/2011/12/20/california-attorney-general-sues-fannie-freddie-demanding-answers/#ixzz1hAzFp71w

 

 

 

 

 

 

Branch Manager

4117 Mariner Blvd.

Hernando County Florida, 34609

 

Office 352-688-7949

Cell 727-946-0904

Barney Frank Calls It Quits!

Posted on by
YouTube Preview Image

It was because he was going to retire anyway, lost a favorite port town in redistricting and had a tough race last time.

Was this really why Congressman Barney Frank announced today he’s retiring from the House of Representatives?

Perhaps another reason was he’s no longer chairman of the House Financial Services Committee and like a lot of bullies, Mr. Frank found it’s not easy to be stripped of the power to torment and humiliate others.

Brilliant, but acid tongued and generally unpleasant, Mr. Frank ruled with an iron gavel, ran over critics with delight and treated committee members and especially Republican colleagues as lesser forms of life.

 

Mr. Frank’s departure in January 2013 will remove from the House one of its more offensive members. Until then, this petulant, abrasive and downright nasty Congressman will keep making his presence known.

However, it is unlikely that Mr. Frank is leaving for the reason he should depart Congress: out of shame for all he did to stop reform of Fannie and Freddie while there was still time to avert the disaster that almost took down the American economy.

In 2003, he called Fannie and Freddie “fundamentally sound financially” and accused the Bush Administration of trying to “exaggerate a threat of safety… [to] conjure up the possibility of serious financial losses to the Treasury, which I do not see.”

A year later, he said talk of financial problems at Fannie and Freddie were “an artificial issue created by the administration…I don’t think we are in any remote danger here.”

In 2007, as Chairman of the House Financial Services Committee and just as Fannie and Freddie – overleveraged and stuffed to the gills with risky mortgages they’d encouraged and facilitated – were about to go over the cliff, Mr. Frank attacked President George W. Bush’s call for reform as “inane.”

Yet when Fannie and Freddie went belly up in the fall of 2008, Mr. Frank voted for the same Bush Administration reforms that could have averted the bankruptcies of Fannie and Freddie.

Why did Mr. Frank oppose giving these two gigantic financial institutions the same scrutiny as a local bank, a neighborhood savings and loan or a community credit union?

Fannie and Freddie provided “grease” for the Democratic political machine through hundreds of millions in charitable contributions to left wing community and advocacy groups that are critical to Democratic get-out-the-vote efforts.

Fannie and Freddie hired vast armies of influence peddlers – admittedly from both parties, but mostly Democrats – to forestall any efforts at reasonable regulation.

Fannie and, to a lesser extent, Freddie, were led by Democratic political power brokers, masquerading as mortgage bankers while advising Democratic presidents, vetting Democratic running mates, and plumping the election hopes of Congressional Democrats.

Mr. Frank is incapable of feeling shame, regret or a sense of personal responsibility. These are emotions for lesser beings. He’s leaving because of redistricting or to avoid having to raise money or facing those nasty little voters every two years. The House will be a better place for his departure.

Karl Rove is a former senior adviser and deputy chief of staff to President George W. Bush. He is a Fox News contributor and author of “Courage and Consequence” (Threshold Editions, 2010).

 

 

 

 

 

 

 

 

Branch Manager

 

 

4117 Mariner Blvd.

 

Hernando County Florida, 34609

 

 

Office 352-688-7949

 

Cell     727-946-0904

Bring My Puppy Home- Soldier Fights To Bring Puppy Back Home

Posted on by

YouTube Preview Image
 

 

 

This is the story of a soldier and his quest to bring his best friend to the US.

Sergeant Thomas Homan is trying to rescue “Lil’B” – an adorable puppy he found on the streets of Afghanistan.

Homan and the soldiers of the 1st Squad, 1st Platoon of a military police company are trying to send the pup back to the states, but the process is lengthy and extremely and costly.   These soldiers think the pup is worth every penny. They consider “Lil’ B” a morale booster and a little piece of home.

Fox 29 spoke with Homan via Skype.

If you would like to help bring this puppy to the US, click here.

 

Steve Fingerman

Branch Manager

E Loans Mortgage Inc LLC

 

4117 Mariner Blvd.

Hernando County Florida, 34609

 

Office 352-688-7949

Cell     727-946-0940

Michael Israel Performing Hero

Posted on by

 
YouTube Preview Image

Don’t miss the end…wonderful surprises all the way through. HERO is an amazing accomplishment, a performance you watch with your heart. This work has helped raise interest and awareness for many charities and worthy causes. This performance was produced by Wolfgang Films.

HERO explores commitment to an ideal. It asks the question: What endeavor would you undertake knowing full well that the odds are you will fail? What would you give your all to knowing it’s likely you will be severely injured or even die trying? What is the greatest possible reward and in that thought, what is the most valuable and priceless thing on earth?

Steve Fingerman

Branch Manager

Allied Home Mortgage

4117 Mariner Blvd

Hernando County Florida, 34609

352-688-7949

A Win For Homeowners in The Fight Against Citizens Insurance Increases

Posted on by

20110919-104915.jpg

McCarty dramatically cuts Citizens rate request

TALLAHASSEE, Fla. — Florida Insurance Commissioner Kevin McCarty has dramatically slashed the amount that the state-backed Citizens Property Insurance Corp. can charge home and business owners for sinkhole coverage.

McCarty ruled Monday night that Citizens was unable to provide evidence to support its intention to raise rates on an average of more than 440 percent on sinkhole coverage. He instead set the maximum at 32.8 percent for new policies that take effect after Jan. 1, 2012.

Florida’s largest insurer of homes and businesses with more than 1.4 million policyholders agreed last week that it would lower a proposed rate hike for sinkhole coverage.

YouTube Preview Image

The Legislature passed a broad property insurance bill earlier this year that they said would help drive down costs for private insurers and stabilize the state’s fragile market.

A Big thank you is deserved for the efforts of FAIR- Florida Association For Insurance Reform as well as Senator Mike Fasano and each and every Citizen and homeowner who raised their voice. Finally the people were heard and the regulators listened to our collective voice.

20110919-105243.jpg

How To Get More Clients Over Coffee

Posted on by

Social Media is changing the way we all market and get our message out to potential clients. Used effectively social media like Facebook, Blogging etc can and will help you build a strong reputation and local presence.

Check out the video below for some great tips on how to effectively use social media to drive more business and help your community.

 
YouTube Preview Image
 

For All your Mortgage Needs Call The Team At E Loans Mortgage Inc

Steve Fingerman

Branch Manager 

E Loans Mortgage Inc Corp.

4117 Mariner Blvd.

                                         Hernando County Fl, 34609 

                                         352-688-7949 Office

                                         727-946-0904 Cell

                                     www.AlliedHome.com/sfingerman

A Jetski Day Off, Sometimes We Just need A Break!

Posted on by

Ok, so sometimes we just need to take a break and go play. So here is my idea of taking a break and going to “play”.

Hope you enjoy the day at the lake with us. Dont forget, for all your mortgage needs contact the Team at E Loans Mortgage Inc in Hernando County Florida. Call us at 352-688-7949. You have to love the FL lifestyle dont you? If you are thinking of relocating from up north, what are you waiting for? There has never been a more affordable time to make the Suncoast of FL your new home!

YouTube Preview Image