11th November 2009
The housing boom in America opened doors of opportunity to purchase homes that many could not afford, lasted many years and significantly increased the homeownership rate in the States. Credits were extended past borrowers’ means by lending institutions...
09th November 2009
After months of discouraging news on the state of the housing market, a new initiative unveiled by the Obama administration on Oct. 19 may just be what Americans need these days. The initiative is designed to support new lending among state and local hous...
09th November 2009
The federal government's Making Home Affordable (MHA) program helps people facing foreclosures. It has two primary programs: the Home Affordable Refinance Program (HARP), designed to help homeowners who are current on their mortgage payments but owe more ...
16th October 2009
Owning a home is every American's dream, and one of the ways that many Americans realize this dream is by buying foreclosures. A foreclosure happens when a homeowner is not able to pay the mortgage fees on the property and is therefore, forced to give up ...
05th October 2009
The economic crisis that affected the United States, and other parts of the world has caused many people to lose their jobs. The unemployment rate continues to rise, and immediate solution is not in sight.
Joblessness can affect several aspects of a pe...
28th September 2009
In today's world, more and more people are becoming more conscious of their environment. As a result, more businesses are adopting environmentally friendly business practices, like becoming a sustainable, green business. However, even with all the advanta...
28th September 2009
I get a lot of questions as to why it is so hard to get a loan. So, here is the brief background on the situation from a global perspective.
The term “credit crunch” might have been a foreign concept a year ago, but that is no longer the case with...
11th September 2009
Many people are planning to purchase a house in a rural area but can't afford it. If you are one of these people, there is no need to worry. The United States Department of Agriculture (USDA) has the answer. The USDA Rural Development, an agency with the ...
11th September 2009
Being a loan officer is not an easy job. As any veteran loan officer will tell you, there are many obstacles you need to encounter before you will close that first loan: rejection, lack of prospects, discouragement, etc.
Before you go searching for ref...
10th September 2009
At the end of the dot com bust, we saw money-hungry investors worldwide thirsty for more. Their new fix came via mortgage-backed securities (MBS), lots of home loans, and the proceeding hangover is still lingering.
Rise of Home Loan Lending
The influx o...
10th September 2009
This is a list of the top ten things you must do to be a great mortgage consultant.
1. Call your customers every day with an update. You should ask them early on, “Mrs. Jones, how do you prefer I keep in contact with you throughout the loan process?...
10th September 2009
Have you ever gone to purchase something, only to be told that it would take two to three weeks to get it? Most likely you were disappointed and took your business elsewhere. Speed of delivery is crucial to being successful in our era. With online retaile...
