Attorney Tom Miller
AttorneyForum Replies Created
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A poorly rated credit score, unpaid bills, and overdue accounts will make securing a mortgage difficult. Nonetheless, some specific lenders and mortgage companies with no lender overlays assist these borrowers by following the conventional and government loan provisions without applying additional restrictions, commonly known as “lender overlays.” Here are some of the mortgage lenders who are licensed in Illinois that might help you:
Gustan Cho Associates
Website https://www.gustancho.com/
Gustan Cho Associates is a national mortgage broker and correspondent lender in Oakbrook Terrace, IL. Gustan Cho Associates is one of the lenders specializing in “no overlay” FHA loans for borrowers with credit scores as low as 500. Gustan Cho Associates also serves Illinois and 48 states, including Washington, DC, Puerto Rico, Guam, and the United States Virgin Islands, and guides clients with unpaid collections and overdue accounts.
GCA Mortgage Group, Inc.
Website https://www.gcamortgage.com/
Chicago, IL
GCA Mortgage Group is known for its philanthropy and specializes in accommodating collection and charge-off accounts, making them quite popular amongst borrowers with tarnished credit who seek an FHA loan.
Non-QM Mortgage Lenders, Inc.
Website https://www.non-qmmortgagelenders.com
Chicago, IL
One of the leading wholesalers and retailers for residential mortgages, Non-QM Mortgage Lenders stands out for its wide variety of loan programs. It is known as the top non-QM lender in the country, serving a wide audience with both conventional and FHA loans.
Preferred Mortgage Rates
Website https://www.preferredmortgagerates.com/
Located Chicago, Illinois
FHA Bad Credit Lenders
Website https://fhabadcreditlenders.com/
Located in Oakbrook Terrace, Illinois
This lender operates in nearly every U.S. state and specializes in FHA loans for clients with credit ratings lower than 600. They also have more forgiving policies regarding collections and charge-off accounts.
Next Steps:
- Apply for loans at new lenders: Discuss your situation and what kind of mortgage you seek with new lenders.
- Gather Needed Paperwork: Start gathering information that you will have to provide to these lenders like income, taxes, and any debt to ensure the process moves along smoothly.
Consider Getting Pre-Approved:
- Knowing what you can borrow can be beneficial when you are making offers on properties. Banks will already know you are serious, and having money ready to go strengthens your negotiating positions.
These lenders guarantee that you will get mortgage arrangements that suit your situation while progressing toward owning a house.
gustancho.com
GCA Mortgage | Mortgage Experts With No Overlays
Whether you’ve gone through bankruptcy, divorce or you are a first-time homebuyer, Gustan Cho Associates are experts in difficult loans
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Congratulations, Chad.
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What are examples of state incentives for solar installations?
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If you have multiple websites, you have a great plan to improve them from an SEO point of view!
Here is how I would recommend approaching your analysis:
Analysis Report Structure
- Performance Review of Blogs That Were Updated
- Track Position Changes: Monitor rankings of all blog posts against their original positions before and after the rewrites.
- Track Keyword Count: Note how many keywords rank on each page.
- Measure Effectiveness: Figure out what keywords perform better in rank and traffic after the update.
Loss of Positions
- Identifying Losses: Perform an audit of posted blog articles that have declined in ranking.
- Potential Reasons: Look for reasons behind the decline in ranks, such as algorithm shifts, more competitive content, or failure to meet topical relevancy.
- Restoration Strategy: Determine whether returning to the text’s original wording would help boost unnatural rank loss.
Keyword Recovery on gcaforoms.com
- Tracking Keywords: Check if keywords and their positions have been gained back.
- Old URL Issues: Check for gaps on the old URL (forum.gustanchoassociates.com) and decide on new redirects or altered links.
Content Inventory
To draft a complete report, I need to obtain the total backlinks and pages for all specified sites reached by running bots. This is how you can do it:
Website Audit Tools:
- Use Google Analytics, SEMrush, and Ahrefs to gather the number of pages and blogs under each site.
- To conduct a manual check, you can also check the blog section of all websites and make a list for this one.
Action Steps
- Assign Actions: Allocate Anngelli, April, and yourself to some blogs to rewrite.
- Track Document Changes: Create a document to track positions and changes of keywords over time.
Once you gather the information, you can build a strategy that targets the performance of all sites while still focusing on the primary ones you are interested in. If you require assistance with certain features of the tools or methods for obtaining this data, let me know!
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file:///C:/Users/Owner/Downloads/CHO%201.pdf
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By January 29, 2025, the housing and financial markets in the US were running in complexity, and the systems were operating dynamically and influenced by a myriad of economic factors. The following is a summarized overview that addresses some of the issues:
Home Prices and Inventory:
- According to the data, S&P’s core logic noted that US home prices surged by 3.8% in November 2024 from 3.6% in October.
- Robust purchases in numerous firms in places like New York primarily boosted the seemingly noticeable surge.
- Despite this, the average prices of homes across America are still lower than historically acceptable norms.
- Additionally, the nation faces a staggering deficit of approximately 4.5 million homes and units for many buyers.
- This proves to be a greater challenge for buyers than mortgage rates.
Mortgage Rates:
- Mortgage rates have risen above seven percent, which has not been seen in the last few decades.
- As a result, potential buyers’ affordability has been strained even more.
- The heightened rates and a limited supply of homes have led to a sharp decrease of approximately four million dollars in transactions.
- This figure is significantly low compared to the typical five to six-million-dollar transactions during a normal market.
Federal Reserve Actions
Interest Rate Decisions By The Federal Reserve Board:
Currently, the Federal Reserve is Believed to Continue Buying Homes Until Interest Rates Return to Normal Levels:
- In reaction to the economic slowdown, the Federal Reserve has decided not to cut interest rates.
- They want to keep inflation under control but don’t want to cause a recession.
- Economists underline that the Fed should operate independently and base their actions on data.
Inflation vs. Wages:
- The Fed’s expected target of 2% inflation is higher than this, worsening incomes’ purchasing power.
- The gap further reduces a household’s ability to spend on housing and other economic goods, causing more profound economic apprehension.
- By striving to keep inflation under control, the Fed has made the current economy more pernicious, which, in economic theory, refers to stagnation.
Stock Market Trends:
- The Dow Jones Industrial Average has reached new heights, signaling enthusiasm from investors.
- However, the yield for the 10-year Treasury has increased, which usually means increased, more expensive borrowing for all types of loans, including mortgages.
- It is rather intriguing to note that the Federal Reserve cutting rates did not lower Treasury yields.
- It seems counter-intuitive that this has resulted in higher-than-expected yields pushing mortgage rates higher.
Bitcoin Price Prediction
Institutional adoption of Bitcoin is on the rise, along with the perception that Bitcoin is a good investment against inflation, which explains why Bitcoin’s price surged past $100,000.
Outlook on The Industry
Real Estate Experts:
- Multiple mortgage firms face financial difficulties due to the market challenges of high mortgage rates and low housing inventory.
- As a result, some mortgage brokers and real estate professionals are leaving the industry searching for more stable markets.
Upcoming Trends
Expectations for the Housing Market in 2025:
- Experts anticipate affordability will still be an issue by 2025, with mortgage rates expected to remain above 6%.
- Home prices are expected to increase at a slower rate while remaining positive.
- The continuing scarcity of housing is expected to sustain upward pressure on prices.
Federal Reserve Expectations
As the Federal Reserve monitors economic data, it is likely to keep interest rates unchanged for the immediate future. Changes to the rates will depend on how inflation, employment, and the overall economy evolve.
Statements from President Trump
- President Trump remains positive regarding the housing and mortgage market, believing in the country’s economy.
- On the other hand, the data at hand is quite worrying.
- This is because it shows a lack of affordability and a demand-supply gap.
- While the government may do something to boost the housing market, the effectiveness of such actions will depend on a range of conditions, like the political environment and international economic climate.
To summarize, a few factors appear to be positive for the economy, but the housing and mortgage markets pose deep troubling factors. As you can see, there is a lot of information, and care needs to be taken into the very real and complex economic situations.
Presidency Urges Federal Reserve to Make Drastic Change to Policies
The above daily national mortgage and real estate news update was from GCA Forums News: Mortgage and Housing Updates
https://www.youtube.com/watch?v=tJcAmRnq4Y0
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This reply was modified 3 months, 3 weeks ago by
Gustan Cho.
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GCA Forums Headline News: Monday, March 3, 2025
Greetings, esteemed customers! You are at the right place for news and insightful developments related to real estate, mortgage lending, and economic trends. Our focus is on real estate investors, mortgage professionals, homebuyers, and business people, which enables us to provide in-depth, real-time conversation and reporting that sparks engagement for all.
Today’s Highlights:
Mortgage Rates Decrease Significantly
- As of March 3 March 3, 2025, potential homebuyers and refunders are in luck, as mortgage rates are drastically dropping, allowing for easy borrowing.
30-Year Fixed Mortgage:
- The Average continues to decrease to an estimated rate of 6.27%, lower than in the prior weeks.
15-Year Fixed Mortgage:
- It decreased as well, averaging 5.57%.
Interactive Discussion:
- How are these decreasing mortgage rates affecting your buying or refinancing decision for homes?
- Tell us your stories and ideas for others in the community to benefit from.
Sellers of Homes Shift Pricing Due to Market Factors
High sustained mortgage rates and prolonged listing periods have forced many sellers to shift their pricing strategies to sell their houses.
Interactive Discussion:
From where you come, are people and sellers changing prices around your local housing market? How is all this affecting your purchases or sales? Share with other members to encourage interesting discussions.
Policies Relating to the Trump Administration That Could Affect Affordable Housing
- The recent policy changes suggested by the Trump administration will affect the housing market’s affordability in the United States.
“Gold Card” Visa Program:
- With an investment of $5 million into a citizenship program, immigrants will receive a visa, undoubtedly raising the demand for home prices in urban real estate markets.
- The construction costs are anticipated to rise due to the imposed tariffs on Canadian lumber, Mexican drywall, and appliances so that affordability will become increasingly challenging.
Interactive Discussion:
- What do you think regarding these initiatives?
- How would they affect your thoughts on real estate investments or buying home plans?
- Talk about it and bring your ideas to the forum.
Los Angeles Post Wildfire Housing Market Soars
- The housing market in Los Angeles, especially in Palisades and Altadena, has shown resilience after the recent wildfires.
Fresh Listings:
- Land values have surged past high expectations, and more than 80 new listings for burned plots have entered the market since mid-February.
The Wall Street Journal Investor Interest:
- Strong demand is evident, with small and mid-level investors actively buying plots for reconstruction or resale.
The Wall Street Journal
Engagement Question:
- How do natural calamities affect your investment real estate decision-making process?
- Have you looked into markets that are still trying to recover from such events?
- Together, let’s discuss what you think.
The Palm Beach luxury Real Estate Market is Booming.
There has been pronounced growth in these two regions of Florida, specifically in the luxury real estate markets of Palm Beach and West Palm Beach.
Volume of Transactions:
In 2024, Palm Beach County’s rental property sales, including condos and townhouses, exceeded 10,000, while single-family home sales surpassed 13,300.
Engagement Question: What draws you to regions such as Palm Beach, which are considered luxury areas? What would result from such migrations in the local housing markets? Interact with each other.
Trends in Global Real Estate Investment – Increasingly Upward.
- In the fourth quarter of 2024, global real estate investment volumes surged by 37% compared to last year, suggesting a market recovery that was previously anticipated.
Interactive Discussion:
- Have you ever thought about investing in international real estate?
- Which elements of the global market guide your investment choices?
- Network with other investors and devise winning strategies together.
Challenges in Commercial Real Estate Due to Changing Workplaces
The commercial real estate sector is undergoing transformational changes due to the adoption of hybrid work models and a greater focus on Environmental, Social, and Governance (ESG) policies.
Interactive Discussion
How does hybrid work impact your business activities and the required office facilities? How do ESG factors influence your decisions in the real estate industry? Engage with the community and discuss this new phenomenon.
At GCA Forums News, we aim to create content that informs and stirs our readers’ urge to act, think, and participate. We urge everyone to partake in these discussions and share their experiences with the community. Your insights are of the utmost importance in helping us achieve a healthy and conducive ecosystem for everyone.
Note:
This information concerning market trends and news is accurate as of March 3 March 3, 2025. For guided instruction, kindly speak to a certified real estate or finance entity.