Testimonials From Clients

Hello everyone, Do you get Rock Star Service from your lender? This is a recent testimonial from one of our realtor partners:

“WOW…..I want to thank each and everyone involved in “making it happen” for the Smith family. To fund their loan on time and on schedule despite the many hurdles and obstacles sent our way in three (3) weeks with two (2) long holiday weekends in between is a true testamen…t to our abilities to perform and exceed our clients expectations.” This is how we earn life-long customers.

The Meredith Team @ CMG
Erin & Kathleen
The Bay Area’s Premier

Mortgage Banker and Broker
(925)983-3048 office
(925)226-3215 efax

(925)918-0585 mobile

8 Factors for Standing Out in Real Estate

Reuters News offers these guidelines for anyone who is shopping for a home and a real estate professional to help them clinch the deal. How do you measure up?

1. Ethical. Enough said.
2. Likeable. The practitioner doesn’t have to be the buyer’s best friend, but she has to be someone the buyer likes to be around.
3. Knowledgeable. Knowing the target neighborhood is very important.
4. Smart. Familiar with the complexities of the mortgage process and able to negotiate the legal details of buying a home.
5. Licensed. Being licensed and insured is important in this litigious world.
6. Capable. Able to close deals quickly and efficiently.
7. Good with the Rolodex – able to recommend capable service providers.
8. Quick with references. Former clients must be willing to speak up.

Source: Reuters News, Karyn McCormack (12/01/2010)

Top News

Fed expects economy to keep improving – CNN Money – – NEW YORK (CNNMoney.com) — The Federal Reserve has a more optimistic outlook for the U.S. economy, according to meeting minutes released Wednesday, but the central bank is still debating how to shrink its massive balance sheet.

Market News

Freddie Mac: Mortgage rates hit yearly low – USA Today – – WASHINGTON (AP) — Mortgage rates fell to the lowest level of the year this week, as rates fell on U.S. government securities. Fixed mortgage rates tend to be influenced by movements in the yield of 10-year Treasury notes.

5/19/2010 Mortgage Purchase Applications Plummet While Refinance Applications Increase in Latest MBA

Weekly Survey » – Mortgage Bankers Association – – Welcome to MBA. The Refinance Index increased 14.5 percent from the previous week and the seasonally adjusted Purchase Index decreased 27.1 percent from one week earlier. This is the lowest Purchase Index observed in the survey since May of 1997.

FBI’s Mortgage Fraud Cases up 400% since 2005 – DSNews.com – – Enter your email to receive Daily Email Updates: Of all frauds perpetrated against financial institutions, mortgage fraud, in particular, has spiked, the Office of Thrift Supervision (OTS) said in a report released this week.

5/19/2010 Delinquencies, Foreclosure Starts Increase in Latest » – Mortgage Bankers Association – – Welcome to MBA. The combined percentage of loans in foreclosure or at least one payment past due was 14.01 percent on a non-seasonally adjusted basis, a decline from 15.02 percent last quarter. 

Technology News

4 students build popular real estate iPhone app – Inman – – Extract not available.

Google TV Unveiled – Wall Street Journal Online – – SAN FRANCISOGoogle Inc. detailed its long-awaited plans for entering the living room, based on software that melds conventional TV programming with content delivered from the Internet.

Other News

Nearly 75% of homes are affordable – CNN Money – – Indianapolis is the most affordable city in the country – a post it’s held for five years. By Les Christie, staff writerMay 20, 2010: 1:03 PM ET NEW YORK (CNNMoney.com) — It’s prime time for house hunters.

Commercial, Multifamily Originations Post Mixed Results in Q1 – DSNews.com – – In the first quarter of 2010, commercial and multifamily mortgage loan originations were 12 percent higher than the same period last year but 26 percent lower than the fourth quarter of 2009, the Mortgage Bankers Association (MBA) reported Tuesday. 

Toll Bros. on a land buying spree – CNN Money – – Companies Economy International The Buzz Street Sweep Corrections Pre-market Trading After-hours Trading US Stocks Bonds and Interest Rates Currencies Commodities Mut ual Funds World Markets Subscribe to Real Money Newsletter Subscribe to Money 


In today’s wired world of Internet news and social networking sites…don’t confuse data with insight.  Remember data is everywhere anyone can regurgitate economic report numbers.  Trusted insight and advice is a valued commodity; this is why realtors are confident in choosing to work with The Meredith Mortgage Team.   

The forecast for 2010 is challenging and realistic; the question is, where will home loan rates go during 2010 and why? Rates are going higher in 2010 because there will be more supply coming to the market in the first quarter, while the Fed’s purchases will be winding down, therefore we do not think that the low rates of 2009 will be seen again. There will be waves and cycles moving up and down – but the trend is clearly up for rates.    

Once the Fed’s Mortgage Backed Security buying program has expired at the end of March, it is likely that rates will edge higher still towards the summer.  Eventually, supply will decline as origination volume slows – and mortgage rates should stabilize.  But if there are hints that the Fed will be looking to hike rates, thus signaling the end of the carry trade, mortgage pricing will significantly worsen.  The range for rates during 2010 is wide, with the lower end just above 5% toward the very beginning of the year.  The upper end of the range could be as high as 6.5%, with rates being very volatile throughout.  It is typical to see prices worsen more rapidly than they improve…but 2010 will exaggerate that characteristic, with pricing losses coming far more quickly and sharply than pricing improvements.     

Overall, 2010 will look better than 2009.  But, good economic news can have favorable and unfavorable consequences, as it increases the risk of rising taxes and rates.  Many people won’t understand the relationship between rates and the economy – so make sure you use the changing economic climate – and your understanding of it – as a way to establish your expertise with clients.  

Use the impending Homebuyer Tax Credit deadline and the low rates in the first quarter of 2010 to move your buyers off the fence before they miss this opportunity!  Remember, rates are about 1% lower than they would be if Fed weren’t buying all those Mortgage Backed Securities.  On a 200K mortgage that would mean about $8,000 would be needed to buy your rate down 1%.  Of course, you also have to factor in the Homebuyer Tax Credit – which is $8,000 for new homebuyers or $6,500 for current homeowners who are moving up.  When you combine the 1% lower rate with the tax credit, you see that homebuyers stand to gain between $13,500 and $16,000 on a home in the mid-200K’s. That’s a big incentive for homebuyers to act now, while both incentives still exist.   

We are a direct lender not just a mortgage broker; as you know, many banks are insisting that your clients be pre-approved by a direct lender. Our team maintains a current pulse on the many nuances involved in the loan process, and should you and your clients find yourselves in one of those unexpected/inevitable glitches; we are proactive and we keep things from falling apart.  We always help to guide your clients toward their best interest; every step of the way we keep you and your clients informed and updated with the loan process. It is our commitment to not just close loans on time; rather to make it a fantastic experience for you and your clients, that’s why so many people choose to work with us!  


“I had used the Meredith Team sucessfully in the past, but recently needed them to help pull a deal out of the ditch, literally and figuratively. My buyer’s lender dropped the ball on the day we were to sign, so in came Erin. We revived the deal, and with great effort, execution and panache, Erin and her team were able to help us sucessfully close the toughest escrow I have had in four years. These are tough times, and people are freaking out all over the place, but Erin and her team kept things cool, calm and collected and engineered a closing! Man, do I owe them one….or two! Thanks for a job WELL done.”
–Tom Stack, Coldwell Banker, Orinda 
First Time Home buyer, young single man …Stuart W. says….”You guys ROCK!”
November 12, 2009 at 11:03am ·
First Time Home buyers
November 2009:
Dear Kathleen and Erin,

My wife and I would like to take this opportunity to thank you both for all the help and assistance you have provided. With such a tough market here in the bay area, you have allowed our dreams to become homeowners a reality and we are forever grateful. Your professionalism and responsiveness is something we can’t say enough about and we would welcome the opportunity to work with the Meredith Mortgage team in the near future.
Erin, congratulations on your upcoming wedding and if it is ok, I would like to provide your contact info to a few friends who are looking to refinance and purchase new homes. They have heard me speak so highly of you both and would like to discuss what CMG has to offer. I assure them that they will be in great hands.
Thank you again for everything and if there is anything we can do, please feel free to let us know.

Mr. & Mrs. Sandy W
PPLN Product Marketing Manager | European Sales Manager
Crystal Technology, Inc.

Rockcliff Realtor…Dena H
Thank you Kathleen! You and Erin are simply amazing! What a great team we make!! Here’s a clip of what Sandy had to say to me yesterday;

I think that is all that I can think of.

And from the both of us we like to extend our thanks and gratutude for all your … See More
help and hard work. This was a tough jorney but thank for guiding us along the
way and making it so rewarding. Your expertise and professionalism was greatly
appreciated. This was way more positive than our previous experience and we
would most certainly like the opportunity to work with you in the future. (Maybe
next time you can show us one of your and Peggy’s listings for our future

Once again thank you so much and do not hesistate to let us know if there is
anything we can help with.

November 2009
Realtor:Thank you so much for the meeting today, it was very useful!  Pat Mc, Danville Realtor
September 23, 2009
Realtor: You are so sweet! Thank you for looking out for me. The house is not on the market yet…won’t be on for a few more weeks…
Pat (Danville/Alamo/San Ramon Realtor
August 27, 2009
Realtor: Mike F. ~ Danville ~ Kathleen, I really enjoy the information that you send out and blog; it’s very informative
Jeff Sposito; President J. Rockcliff Real Estate
You guys rock!!!!
August 2009
Realtor Blackhawk: Thank you for being so wonderful!!!  I really appreciate you!
Pat M.
July 21, 2009
Realtor Comment: You are so sweet!  I love the two of you!!!!

July 2009

Tax Credit Seems Likely Through March 2010~

Interesting…Thanks for keeping us updated!  Good work!! 

October 2009