Zeus News!

Zeus Fun Factoids

(well, as much fun as mortgage facts can be).

In December 2011, the average monthly payment on a 30 year mortgage in Houston, Texas for principal and interest was $1,046 which is down 9% year over year.

Government purchase applications increased 7% sequentially while conventional purchase applications increased 9%. Said another way, Houston FHA and VA mortgage applications rose 7% while traditional Fannie Mae applications rose 9%.

This weeks average monthly payment in Houston of a 30 year fixed rate mortgage was $1,046 which is inline with payments seen in mid-2003.

www.zeusmortgageblog.com

Mortgage application trends and analysis. 01-13-12

Zeus Mortgage, Ltd.

1776 Yorktown Suite 550

Houston, TX 77056

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Houston Mortgage Professional Rated in the Top 40 in the US

For Immediate Release

Houston’s Zeus Mortgage CEO Secures Placement in “40 Under 40” List

National Mortgage Professional Magazine names Zeus Mortgage CEO one of the 40 most influential mortgage professionals under the age of 40 for the second year in a row


Houston, TX. – Jan. 11, 2012 – Zeus Mortgage, a leading mortgage lender, today announced National Mortgage Professional Magazine honored Steven Kaufman, CEO of Zeus Mortgage, with placement in the publication’s third annual “40 Under 40” feature. As the only Houston-based mortgage professional awarded, Kaufman’s inclusion in the annual list exemplifies professionalism and top production in today’s housing market, an industry known for its great uncertainty.

Steven Kaufman, CEO of Zeus Mortgage, has coordinated more than $1 billion in real estate financing for companies including American Express, Hewlett Packard and Exxon Mobil. Kaufman’s community involvement in grassroots organizations, plus his tenacious commitment to keeping team synergy as top priority of his Houston-based organization, has made him sought after by customers and competitors alike.

“To be so involved in an ever-changing field such as the mortgage industry, takes great risks; however, with that comes immense rewards,” stated Steven Kaufman, president, Zeus Mortgage. “Receiving this honor for the second year in a row is a great reminder of what perseverance is all about – leading your team by example and staying optimistic in wavering economic times.”

National Mortgage Professional Magazine receives hundreds of nominations for inclusion in the annual “40 Under 40” feature, a list honoring the top mortgage professionals under the age of 40, as voted on by their peers.

More information about the “40 Under 40” list can be found in the December 2011 print issue of National Mortgage Professional Magazine. Additional information about Zeus Mortgage can be found directly at AskZeus.com.


About Zeus Mortgage
Zeus Mortgage is widely known as one of the fastest growing private companies in the United States, and is comprised of a team of world-class experts who are skilled at providing up-to-the-minute market information, offering valuable knowledge and insight to their clients. With proactive communication and enthusiastic service, Zeus Mortgage delivers unsurpassed value to their customers, while making the mortgage process simple and smooth. For more information about Zeus Mortgage please visit ASKZEUS.COM or call 800-ASK-ZEUS.



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Press Contact:

Steven Kaufman
Zeus Mortgage
713-275-9387
pr@askzeus.com

The History of Houston Real Estate Prices! - Zeus Mortgage Blog

Have you ever wondered how much prices in real estate have changed over the last 100 years? Okay, maybe not, but I thought you might find this gem helpful or at least entertaining. This is a flyer for a home for sale in 1910. This flyer is courtesy of the Houston Fire Museum and shows the cost of building a 6 bedroom house in Houston over a century ago only ran you about $495. Yes, that is four hundred and ninety five dollars. Today's median cost of a new home is around $250,000 depending on who you ask. That's some appreciation... or is it? One thing is for sure, mortgage financing is completely differently today compared to how it was 100 years ago. What you and I regard as “normal” in Houston mortgage programs is completely different since the introduction of the New Deal by President Franklin D. Roosevelt. Programs like Houston FHA mortgage, VA loans, Jumbo and self-employed Super Jumbo loans were non-existent prior to the New Deal. In fact, refinances or cash-outs mortgages or home equity loans were considered lowbrow activities. www.zeusmortgageblog.com

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Prior to the New Deal by FDR, only 4 out of 10 Americans/Houstonians/Texans owned a home. Today the most popular mortgage amortization or term is 30 years, but at the turn of the 20th century 5 and 10 year mortgages were the standard. What about down payments? Well, prior to the New Deal, families had to put down 80% and finance the remaining 20% over the next 5 to 10 years at a national average of 8%. Yes, I said it right... you had to put 80% down!!!!

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Okay, well that's my best attempt at a history lesson for today.

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Enjoy the photo!

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Steven Kaufman

President of Zeus Mortgage

www.askzeus.com

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