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29th September 2009
Even as the government toils to assist in loosening credit offered by banks, there is one home loan product that is getting much costlier and harder to obtain, namely the jumbo mortgage (non-conforming mortgage).
A jumbo mortgage loan is a program tha... Read >
Author: Ray28th September 2009
The Home Refinance Stimulus Plan gives hope to homeowners who are in difficult situations with their mortgage. President Obama has allocated 75 billion dollars in assistance in this program in an attempt to resuscitate the gasping housing market.
A... Read >
Author: Wes Kennedy28th September 2009
Many American mortgage holders are currently going through economic problems due to the the current financial recession. For many people their situation is so dire they are at risk of losing their property. In a bid to ensure those individuals can remain... Read >
Author: Steven Toms16th September 2009
In March of this year, the Obama Administration authorized a new federal program to help stabilize the housing industry. The feds poured a mere $75 billion into the Making Home Affordable (MHA) mortgage program intended to avert further foreclosures, ass... Read >
Author: Robert Palmer14th September 2009
The Home Refinance Stimulus Plan gives hope to homeowners who are in difficult situations with their mortgage. President Obama has allocated 75 billion dollars in assistance in this program in an attempt to resuscitate the gasping housing market.
All a... Read >
Author: Wes Kennedy10th September 2009
If you have recently lost a spouse and been left to shoulder the mortgage payment alone, there may be help for you in President Obama's Stimulus Bill. Whether you are a widow or have experienced divorce, if your financial situation has changed dramaticall... Read >
Author: Wes Kennedy07th September 2009
Are you having difficulty getting your mortgage servicer to work with you on a Making Home Affordable (MHA) loan modification? The below list of 37 mortgage servicers have committed by signed contract to this program. In addition, all servicers for mo... Read >
Author: aniasullivan@yahoo.com03rd September 2009
Let's face it, not everyone has enough money on his bank account to buy a house. If you are an average American, chances are you need a mortgage loan.
There are many types of mortgages and these can be classified into 2 categories. These are conve... Read >
Author: robertson02nd September 2009
If you have lived in your home for several years or more, it might be time to look into the refinance home mortgage option. As the housing market has slowed, the interest rates have fallen steadily and chances are you are paying a higher interest rate tha... Read >
Author: Morgan Hamilton30th August 2009
Are you part of the billions of Americans having a financial crisis? Right now, so many jobs are lost everyday due to cost cutting and companies closing down. The situation, they say, is even worse than the great depression. Since banks are closing down, ... Read >
Author: J. Owens30th August 2009
Are you one of the many homeowners in the United States who is worried about the recent downturn in the economy? You need to make sure your mortgage is covered. You need to learn the facts about home loan modification and about FHA refinancing so you ca... Read >
Author: Lindsy Emery25th August 2009
Are you in a difficult situation with your Wells Fargo home mortgage? Help may be available to save your home. A Wells Fargo Loan Modification could help you straighten out your financial predicament and get a lower house payment that you can afford.
B... Read >
Author: Wes Kennedy24th August 2009
Feldman Law CenterArticles posted in both the wall street journal and the Washington Post confirmed that, in spite of government efforts to keep folk in their houses, banks have resumed their ramp up in foreclosures. The spike in repos hit hardest in Mar... Read >
Author: Lucas Edwards21st August 2009
The three fees usually associated with submitting a mortgage application are the application fee, the appraisal fee, and the credit report fee. The application fee can range from zero to $500. The appraisal fee can range from $200 to $350, although this i... Read >
Author: ctaylordill19th August 2009
The Obama Administration has reacted to the present economic conditions by signing a program that will help stop the rising rate of foreclosures, thus supporting the weak housing market. The Home Stimulus Plan pumps 75 billion dollars into this goal by he... Read >
Author: Wes Kennedy19th August 2009
Are you in a difficult situation with your Wells Fargo home mortgage? Help may be available to save your home. A Wells Fargo Loan Modification could help you straighten out your financial predicament and get a lower house payment that you can afford.
B... Read >
Author: Wes Kennedy18th August 2009
Economic RecessionAn economic recession is ugly. Consumers lose their jobs, lose their homes, file for bankruptcy and tighten spending. Businesses shed jobs, cut wages, lay-off employees and collapse. Lending institutions have trouble collecting from debt... Read >
Author: Brad Buchanan10th August 2009
In the wake of Hurricanes Katrina, Rita, and Wilma in 2005, many agencies of the federal government imposed foreclosure moratoriums, including HUD, the VA, the Rural Housing Service, Fannie Mae, and Freddie Mac. New foreclosures were held off on, while fo... Read >
Author: Nick Adama10th August 2009
Foreclosures for unpaid property taxes vary widely by state and county. Sometimes the house is auctioned off to satisfy the taxes. Other times, a lien or certificate is sold to the high bidder. And in some areas, no sale is conducted and the property is s... Read >
Author: Nick Adama08th August 2009
The Wall Street Journal reported in July, 2009 that President Obama is now expanding the plan to help the number of borrowers who can refinance their homes. The administration said that borrowers with mortgages worth up to 125 percent of their home’s v... Read >
Author: Loan Modification Help Center08th August 2009
Obama's Loan modification PlanBy dedicating $75 bln toward re-structuring problem mortgage loans the Obama administration is making a massive bet that their plan can help somewhere between four and 5 million'at risk' householders avoid foreclosure. While... Read >
Author: Roy Velazquez04th August 2009
The government plays favorites in the housing market Like with everything else the government is using its power to redistribute wealth. From the WSJ. The divide between the mass market and the high-end -- generally defined as homes that cost above $75... Read >
Author: davemillerloans@gmail.com04th August 2009
The government plays favorites in the housing market
Like with everything else the government is using its power to redistribute wealth. From the WSJ.
The divide between the mass market and the high-end -- generally defined as homes that cost above $... Read >
Author: davemillerloans@gmail.com03rd August 2009
Jumbo mortgages are not all that different from your everyday conventional mortgages but there are a some important items that one should understand.
A jumbo mortgage loan is a home loan secured by a high-valued property. In California, Florida, New Y... Read >
Author: Ray03rd August 2009
Jumbo mortgages are not all that different from your everyday conventional mortgages but there are a some important items that one should understand.
A jumbo mortgage loan is a home loan secured by a high cost single family home. In California, Flor... Read >
Author: Ray28th July 2009
During every great depression, or recession there is a modest risk taking investor in each sector of business, that has sharpened his skills for at least ten years before that depression or recession takes place and absolutely dominates and manifest resul... Read >
Author: BradfordB24th July 2009
Is Subprime to Blame for the Mortgage Crisis
By Shirin Sharkawi,
Author Of Save The American Dream, How To Modify your Mortgage and Rebuild your Credit
www.savethedreambook.com
The blame of the housing crisis has at times been put on President C... Read >
Author: shirins21st July 2009
When lenders consider loans, they compare the equity of the home versus the amount of the loan applied. If the equity on the home is below the loan amount, the lender may still offer the loan, but may apply higher interest rates and higher mortgage paymen... Read >
Author: Jewell Hardin21st July 2009
Hundreds of thousands of repossession property units are hidden from investors, home buyers and analysts, according to Steven Hagenbuckle, top executive of private equity fund Terracap Partners. Hagenbuckle said that these hidden foreclosure properties ar... Read >
Author: JosephSmithJr19th July 2009
U.S. Housing and Urban Development Secretary Shaun Donovan Monday announced an expansion of the Presidents Administration Home Affordable Refinance Program to include participation by homeowners who are current but up to 125 percent underwater on their ... Read >
Author: Ricky Mitchell17th July 2009
If you are finally ready to find that perfect dream home in SE Florida the first step is talk with an experienced real estate agent that knows the area as well as one that can help you with the buying process by starting with helping you find a mortgage l... Read >
Author: Jules Henri16th July 2009
Though reply times on short sale offers change from lender to lender, it can take two weeks or as long as ninety days to get approved. This is why it's imperative that buyers and their representatives understand and accept that time period before they mak... Read >
Author: Ender Wiggins30th June 2009
Copyright (c) 2009 Edward Ferrara
Real Estate Market back on track? Nothing to do with the rates on jumbo mortgages.
So for in 2009 the industry once booming known as the mortgage industry has seen the lowest interest rates in 50 years and on top of... Read >
13th June 2009
Do you remember that song from the 1960’s that went something like: “Where have all the flowers gone, long time passing?” Oh … you don’t? Hmm, maybe I really AM old! Well, I would update that song for the current decade to something like thi... Read >
Author: craighigdon13th June 2009
Do you remember that song from the 1960’s that went something like: “Where have all the flowers gone, long time passing?” Oh … you don’t? Hmm, maybe I really AM old! Well, I would update that song for the current decade to something like thi... Read >
Author: craighigdon12th June 2009
How Conventional Loans Work
by Somerset Mortgage Lenders: "The Brains, The Courage and The Heart to Make Your Dreams Come True"
A conventional loan is essentially any type of lender agreement that is not fully protected by the FHA (the Federal Housing... Read >
Author: someretmortgagelenders12th June 2009
The government, since the financial crisis began, has been offering one preposterous foreclosure help program after another in a blind attempt to keep property owners in their homes. All the while, the same banks and companies that helped set the mortgage... Read >
Author: Nick Adama11th June 2009
Well, this weekend marked the official end of the 2008 NFL season with the NFC defeating the AFC in the Pro Bowl in Hawaii. NOW what am I going to do on Sundays??? I guess I’ll have to find some useful things to occupy my time … like tennis, martial... Read >
Author: craighigdon06th June 2009
The Credit Bureaus
Many people starting a credit repair program are under the misconception that the credit bureaus are in some way connected to the government. It is easy to understand this perception. But, as influential as they are, the credit burea... Read >
Author: Ian Webber18th May 2009
The HVCC or Home Valuation Code of Conduct was recently implemented by Fannie Mae and Freddie Mac as a new system of appraisals in the U.S. Under the rules, many of the appraisals are handled by management companies (some of which are also owned by the l... Read >
Author: Justin Lee15th May 2009
During these trying times when mortgages, real estate prices and other financial arrangements are completely unstable, many homeowners are asking how they can qualify for a loan modification. Both the FDIC and the federal treasury are strongly supporting... Read >
Author: Feldman Law Center11th May 2009
President Obama's new Making Home Affordable (MHA) plan is designed to ensure that mortgage borrowers have a way through the current economic crisis. This loan modification plan has generated a lot of interest already. Here are answers to some common ques... Read >
Author: Lindsy Emery08th May 2009
The plan will give approximately $75 billion in direct funding to help homeowners maintain possession of their homes, and the remaining $200 billion to back the government-controlled lenders Fannie Mae and Freddie Mac. The plan has three parts. The fir... Read >
Author: danstelter08th May 2009
If you are among the mass of American homeowners stressed due to the current economic downturn, learn what steps to take to be sure your mortgage is covered. You need the facts regarding home loan modification versus FHA refinance from a qualified financi... Read >
Author: Lindsy Emery05th May 2009
Obama's Loan Modification Plan is supposed to help homeowners to afford their monthly mortgage payments by refinancing the current mortgages or by having their loans modified in some way. This plan would include help for homeowners who are not currently i... Read >
Author: Alfred Sant01st May 2009
Jumbo Mortgage Loans
A jumbo mortgage loan is a loan commonly taken for a luxury home that is priced higher than an average home. A jumbo mortgage loan is any mortgage that exceeds $417,000 on a single family home. On a two unit home the loan limit... Read >
Author: Robert Bell01st May 2009
In a plan that promises to keep seven to nine million borrowers from losing their homes, the Obama administration announced its "Making Home Affordable" initiative. The Treasury Department released detailed guidelines about how it plans to help Americans... Read >
Author: Robert Palmer23rd April 2009
In case you’ve missed all the recent news headlines, the auto industry bailout involves government loans for the Big 3 in the auto industry – Chrysler, Ford and GM. In plain English, Detroit’s Big 3 are heading towards bankruptcy, which could affect... Read >
Author: ericalex010115th April 2009
April 4, 2009, marked the official start of the Making Home Affordable refinance program.
This should help a pretty big number of NH homeowners by ignoring the current value of the home and approving the NH mortgage based on the other, typical criteria... Read >
Author: NHMortgage0915th April 2009
The average, every day person, unfamiliar with the housing industry in specific and economy in particular, is shell-shocked by the continual decline of both, now being called the "subprime mortgage crisis". What's the secret recipe for the economic and r... Read >
Author: Troy Fullwood04th April 2009
If you are a real estate appraiser or an agent you need to determine market condition for your appraisals which is indeed very frustrating and time consuming. Are you are prepared to agree the new requirements implied by Fannie Mae and Freddie Mac for a c... Read >
Author: Jamie Hanson02nd April 2009
Preventing foreclosure is at the top of the list for thousands of families. And while it can’t be avoided in all situations, there are steps that you can take that will ensure you have the best possible chance. After reviewing the list, it is important ... Read >
Author: RE_Acquisitions02nd April 2009
The Federal Home Loan Mortgage Corporation, also known as Freddie Mac, was created by Congress in 1970 to make possible a secondary mortgage market to provide greater liquidity to banks and other lending institutions to facilitate home mortgage lending. T... Read >
Author: Robert Bell01st April 2009
For the last couple of years the economy has suffer some severe up and downs.
But since the new administration of President Barack Obama has introduced their Stimulus Package.
Many Home owners are somewhat relieved. The basis of this package is affordab... Read >
Author: romeoicq01st April 2009
For the last couple of years the economy has suffer some severe up and downs.
But since the new administration of President Barack Obama has introduced their Stimulus Package.
Many Home owners are somewhat relieved. The basis of this package is affordab... Read >
Author: romeoicq01st April 2009
For the last couple of years the economy has suffer some severe up and downs.
But since the new administration of President Barack Obama has introduced their Stimulus Package.
Many Home owners are somewhat relieved. The basis of this package is affordab... Read >
Author: romeoicq10th March 2009
Maybe it was the stern talking to they took from Congress this past week that put the big banks into a charitable mood. J.P. Morgan Chase, Citigroup and Bank of America have all agreed to freeze foreclosures while the Obama administration works out plans... Read >
Author: Robert Palmer09th March 2009
id=17">look for homes in Texas.Questions and Answers for Borrowers about the Homeowner Affordability and Stability Plan
Borrowers Who Are Current on Their Mortgage Are Asking:
What help is available for borrowers who stay current on their mortgage pay... Read >
Author: Lisa Zapalac06th March 2009
Is the worst still to come? That is the $789 billion dollar question. Or in the case of Treasury Secretary Timothy Geithner, the 2.5 trillion dollar question. Despite Congress getting ready to vote on the stimulus bill compromise, the Treasury Departme... Read >
Author: Robert Palmer03rd March 2009
A Changing World
Credit repair is the process of cleaning up your credit report and optimizing your scores. Credit repair has never been so important. Your credit score will determine the outcome of any loan application you make. This was not always th... Read >
Author: Jim Kemish02nd March 2009
It does not require a real estate license, or the need to go through expensive realty sites to find complete, current foreclosure listings directly from the source.
Bank owned homes, mortgage lender property and other REO real estate can be found o... Read >
Author: FindAnyForeclosure02nd February 2009
So it has been a week since the feds came in and took over Freddie Mac and Fannie Mae. While it will obviously take some time to know the long term repercussions I wanted to look at some of the immediate reactions to the move.
First let's look at the ... Read >
Author: Ki Gray02nd February 2009
I have been tracking mortgage interest rates for the last few months. Its always more interesting when there are drastic changes. This week we saw some of the largest changes we have seen this year. This is of course in response to the Fannie Mae and F... Read >
Author: Ki Gray01st February 2009
When you are looking at the different loans available to purchase or refinance, it can be confusing. Over the past year there have been many changes in the underwriting guidelines for all mortgages. FHA has become a very popular choice for many home buy... Read >
Author: fha.yourmtglender.com01st February 2009
When you are looking at the different loans available to purchase or refinance, it can be confusing. Over the past year there have been many changes in the underwriting guidelines for all mortgages. FHA has become a very popular choice for many home buy... Read >
Author: fha.yourmtglender.com28th January 2009
All over the world, people are keeping fingers crossed that the $700 billion financial system bailout works the way it is supposed to and eases the worsening global credit crunch and restores confidence in the markets. But while the government has been fo... Read >
Author: Jose Roncal16th January 2009
A mortgage that helps you to get the loan amount greater than the loan limits set by Fannie Mae and Freddie Mac are called jumbo loans. These are the loans above the conventional conforming loans that follow the GSE guidelines. Fannie Mae and Freddie Mac ... Read >
Author: Jamie Hanson09th January 2009
Will home values reduce a potential refinance boom to a whisper? Lower mortgage rates have spiked the volume of new applications but, estimates for the fallout of refinance applications are ranging from 50% to 65%, due in part from lower home values.
B... Read >
Author: Rick Smith09th January 2009
Most people do not know what CDS's, Credit Default Swaps, are or have even heard of them, but they have the potential to sink every bank in the country! No joke. Banks have trillions on the line with these CDS's and they are losing big. Credit Default Swa... Read >
Author: svfox08th January 2009
On July 30, 2008 United States President George W. Bush signed into law the Housing Stimulus Bill H.R. 3221, now dubbed the “Housing and Economic Recovery Act of 2008”. This historic bill was previously passed in the House of Representatives by a vote... Read >
Author: Brian S. Icenhower31st December 2008
A new program designed to assist homeowners facing pre-foreclosure has been created in the latter part of November. This program, as with many mortgage assistance programs is supposed to improve the foreclosure crisis through Fannie Mae and Freddie Mac b... Read >
Author: Alfred Sant30th December 2008
As Americans, we've heard astronomical numbers in recent years required to pay for unusual events that were not considered when our government first puts its budget together:
$32 billion immediately following the September 11, 2001 attacks
Up to $20... Read >
Author: Michael Letcher30th December 2008
Now that the entities known as Fannie Mae and Freddie Mac have been thrust to the forefront of national media coverage due to their rapid decrease in stock values which has resulted in a multitude of emergency congressional hearings, cabinet sessions, pre... Read >
Author: Brian S. Icenhower30th December 2008
Now that the entities known as Fannie Mae and Freddie Mac have been thrust to the forefront of national media coverage due to their rapid failures which have resulted in a multitude of emergency congressional hearings, cabinet sessions, press conferences ... Read >
Author: Brian S. Icenhower29th December 2008
There is a plan in the works to lower the rate on 30-year home mortgages to 4.5 percent, a number not seen in decades for home loans. The plan by the Treasury Department to help the hurting housing industry would be accomplished through purchasing mortga... Read >
Author: Robert Palmer29th December 2008
This non recession recession we seem to find ourselves in, the one that some in government still don’t want to admit exists is impacting the housing industry quite hard. Some in high office still think that playing the nice and easy politically correct... Read >
Author: Robert Palmer28th December 2008
With 2008 having been an election year, it has been convenient to levy all blame for our country’s current economic condition on our nation’s presidential administration for the last eight years. However, a significant portion of the fiscal woes now p... Read >
Author: Brian S. Icenhower15th December 2008
As a mortgage broker I can tell you that the past several years have been bludgeoned with careless and inappropriate lending. It's no surprise to me that large well known banks are suffering huge losses as a result of bad mortgages turning sour. Whatever ... Read >
Author: John Rasor04th December 2008
The average, every day person, unfamiliar with the housing industry in specific and economy in particular, is shell-shocked by the continual decline of both, now being called the "subprime mortgage crisis". What's the secret recipe for the economic and r... Read >
Author: Pinnacle Investments02nd December 2008
Basically mortgage loan can be provided for residential mortgage lending and lending against commercial property. Your job is to convince your customer. But being a part of the mortgage business is not an easy one. You have to have confidence. If you wan... Read >
Author: D.C. Fawcett02nd December 2008
The end of the year is upon us with the holiday's right around the corner. It has been a very interesting, volatile and bumpy ride with the economy, stock market, Presidential election and real estate crisis. We witnessed some of our largest financial ins... Read >
Author: Robert Palmer01st December 2008
A common question being asked in todays financial climate, “Are apartment financing, MultiFamily property refinancing or apartment construction loans still available?” The answer to this question is a resounding YES. I continue see loans funded for ap... Read >
Author: Arthur Hooper01st December 2008
In all the discussion and dissension over the $700 billion government bailout intended to stop the downward slide of the economy, it is encouraging to finally hear of some plans to help the “Main Street” we keep hearing about. Since this is where the ... Read >
Author: Rich Johnson18th November 2008
If you tired of working for some monotonous job and that makes you tired and bored, mortgage brokers marketing area is the right domain for you to be engaged in. being a pert of the area you will be able to interact with so many people since your service ... Read >
Author: D.C. Fawcett11th November 2008
Republicans like to paint themselves as champions of the free market, but only as long as it makes them money.
At the risk of speaking ill of the dead, what good was Lehman Brothers, anyway? And what about Merrill Lynch? If they were so bullish on Americ... Read >
Author: dar15021st October 2008
The Left's uproar over the financial mess is fairly typical. It's the end of libertarianism, American inequality is the problem, and only the super-socialist Barack Obama can fix this mess.
Well, libertarianism isn't dead. It never really lived. As lon... Read >
Author: Nathan Moore17th October 2008
The White House has approved a law that will provide homeowners relief from the housing crisis. The Economic and Housing Recovery Act of 2008 will help troubled homeowners keep their homes and allow more people to have access to decent and affordable hous... Read >
Author: zeusjohn17th October 2008
Purchasing government foreclosure homes is considered one of the most profitable investments. However, a person new to the field should study the process first and take note of the basic steps involved in buying foreclosed government properties. A potenti... Read >
Author: 2Deano10th October 2008
Some are saying the recent mortgage security crisis and resulting bank failures may be ushering in a new Great Depression for the 21st century.
How did we get here?
This is what happened: Banks would grant home loans, then turn around and sell those... Read >
Author: Robert Palmer10th October 2008
In an effort to help struggling homeowners to avoid foreclosure and stay in their homes, a Housing Rescue Bill was passed by congress and signed by President Bush, in July of this year. In the last few weeks many of my e-newsletter subscribers have asked ... Read >
Author: Alfred Sant10th October 2008
The housing bill basically represents a temporary lifeline for mortgage companies Fannie Mae and Freddie Mac and relief for 400,000 homeowners in mortgage distress. All in all, there is about $15 billion in housing tax breaks. Here is the bill – in a nu... Read >
Author: Karrie Rose06th October 2008
It has been a devastating year for the U.S. economy, and the past few weeks for the U.S. financial markets have been the worst since the 1980’s with the ripple effects being felt in the markets around the globe. The economic crisis is a dismal story fo... Read >
Author: theillinidude02nd October 2008
If you have been hoping interest rates would drop your prayers have been answered. Interest rates plummeted over half a point last week falling from 6.35 to 5.78. The last time mortgage interest rates fell this fast this quickly was the beginning of 199... Read >
Author: Robert Palmer02nd October 2008
There are many different ways to finance a real estate deal. It is very important for the real estate investor to know each one and the pros and cons of each. As you will see in this report, private lending has several advantages to the other sources.
... Read >
Author: Mike Lautensack02nd October 2008
Fannie Mae and Freddie Mac are operated since 1968 as government sponsored enterprises (GSEs). This means these Two are privately owned, owned by shareholders but are financially supported by the US Federal Government. These GSE’s purchases mortgages ... Read >
Author: Madeline29th September 2008
Everybody who even perfunctory follows the news must have heard about the string of terrible financial developments in the United States. More and more investment and banking companies are going bankrupt or are being threatened by spreading credit cri... Read >
Author: Mike P. Kulej29th September 2008
The federal takeover of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, affectionately referred to as Fannie Mae and Freddie Mac, marks a major change on the local financial front. The financial crisis that preced... Read >
Author: Kevin Koitz29th September 2008
The government has taken over mortgage companies Fannie Mae and Freddie Mac to help lower mortgage rates and allow more Americans to get affordable loans.
The federal rescue, announced by Treasury Secretary Henry Paulson on Sunday, September 7, gave ho... Read >
Author: zeusjohn26th September 2008
Mortgage activity has been picking up due to the recent drop of interest rates from the Fannie Mae and Freddie Mac crisis. Many homeowners are inquiring to see if refinancing their mortgages might be a good idea at this time.
As is the case with most bo... Read >
Author: Frank26th September 2008
Fannie Mae and Freddie Mac are operated since 1968 as government sponsored enterprises (GSEs). This means these Two are privately owned, owned by shareholders but are financially supported by the US Federal Government. These GSE’s purchases mortgages ... Read >
Author: Madeline22nd September 2008
So it has been a week since the feds came in and took over Freddie Mac and Fannie Mae. While it will obviously take some time to know the long term repercussions I wanted to look at some of the immediate reactions to the move.
First let's look at the ... Read >
Author: Robert Palmer22nd September 2008
I have been tracking mortgage interest rates for the last few months. Its always more interesting when there are drastic changes. This week we saw some of the largest changes we have seen this year. This is of course in response to the Fannie Mae and F... Read >
Author: Robert Palmer22nd September 2008
The federal takeover of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, affectionately referred to as Fannie Mae and Freddie Mac, marks a major change on the local financial front. The financial crisis that preced... Read >
Author: Anne Eliason15th September 2008
Although mortgage interest rates have dropped like an anchor, getting approved for a home loan is still not an easy task.
Rates dropped substantially when the Government took over Fannie Mae and Freddie Mac a week ago. Mainly prospective purchasers who... Read >
Author: Frank15th September 2008
This was the sixth week in a row were 30 Year mortgage rates fell or held steady. In the last 6 weeks 30 year notes have fallen from 6.63 to 6.35. This was preceded by a sudden jump in interest rates in July where 30 year mortgage interest rates rose fr... Read >
Author: Robert Palmer11th September 2008
Traders always look for Good News, or anything that passes for Good News, to justify buying into the market. Certainly, early in September 2009 there had been nothing but a flood of bad news – the housing market continued to deteriorate; employment numb... Read >
Author: candleman09th September 2008
It was another edgy week for stock markets with both bulls and bears frustrated and unwilling to take on big positions. With the exception of the FTSE, major indices finished down on the week, though a good showing on Friday ensured that equities finishe... Read >
Author: cordieliea04th September 2008
Common Practice
It is a common practice for parents to give a child a credit card. It’s good for emergencies and handy for everything from summer camp to college life. It is also common for one spouse to make the other spouse an additional card membe... Read >
Author: Jim Kemish02nd September 2008
Cincinnati OH- The mortgage industry continues to change and July was no exception. As reported, President George Bush signed an historic bill this month aimed to protect home owners facing foreclosure, insurance for Fannie Mae and Freddie Mac and assist... Read >
Author: Shane Nichelson27th August 2008
Nehemiah Corp. of America, a nonprofit organization was started a decade ago by Antioch Progressive Baptist Church in South Sacramento to help its lower-income members buy homes. The company has evolved into an urban developer with a 65 acre development ... Read >
Author: Michael Mizuno24th August 2008
Your Credit Scores and Your Life
Credit scores will affect your loans, your insurance, and your ability to rent an apartment. Your credit scores may even affect your ability to get a job. A nationally recognized credit repair expert answers your questi... Read >
Author: Jim Kemish20th August 2008
On July 26th 2008 Congress signed a bill to help homeowners facing foreclosure to save their homes. The 300 billion dollar foreclosure rescue bill is aimed at helping homeowners to avoid foreclosure and rescuing the mortgage giants Fannie Mae and Freddie ... Read >
Author: MJ Jensen20th August 2008
By the end of the week, President Bush would’ve signed the housing bill that will provide much-needed solutions to the housing crisis we are currently experiencing.
Months after the foreclosure crisis began in 2007, we are finally closer to something... Read >
Author: zeusjohn13th August 2008
Mortgage giants Fannie Mae and Freddie Mac are presently undergoing a tough time. With confidence level and shares going down significantly for the past week, some people think that a government bailout is about to happen.
Fannie had a 28 percent drop ... Read >
Author: zeusjohn13th August 2008
A few weeks from now, we may see a decline in the number of foreclosed homes in our neighborhoods, along with that, a decrease of people living in shelters, cars, and streets.
The Senate just recently cleared the Foreclosure Prevention Act of 2008. Thi... Read >
Author: zeusjohn25th July 2008
If your bank deposits are covered by the Federal Deposit Insurance Corporation (FDIC), your money is safe up to $100,000 personally and $250,000 in eligible retirement plans. In fact, depending on how you have structured your accounts, coverage can signif... Read >
Author: Alan Lancz23rd July 2008
It was a sea of red again last week as stock markets across the world finished down heavily on the week. The FTSE 100 finished down 3.26%, the CAC down 4.80% and the DAX down 2.35% on the week. US markets faired slightly better thanks to an attempted rall... Read >
Author: cordieliea03rd May 2008
So, you have been a mortgage broker for a while now, and you think you are ready for the next step: approval by Fannie Mae and Freddie Mac as a Seller and Servicer, so you can service your own loans.
In general, to be an approved Seller and Servicer fo... Read >
Author: perssonorg25th April 2008
A Jumbo Mortgage is a mortgage with a loan amount above conventional loan limits. Jumbo mortgages are used to purchase high-priced homes that require larger than normal loans.
A jumbo mortgage is nearly always considered a non-conforming loan because it... Read >
Author: ClaireJohnson18th April 2008
Colorado Jumbo Mortgages and Conforming Mortgages for You
It is best that you understand the different types of home loans available to you as you look for a Colorado mortgage. Two of the important terms to understand are jumbo loans and conforming loa... Read >
Author: Americanmortgage01st April 2008
Federal Housing Administration, FHA Mortgage loans are perfect for First Time Home Buyers. FHA and the loans it offers were created to help increase the number of Americans who own their home.
One of the great benefits of an FHA loan is that ... Read >
Author: GetPreQualified25th March 2008
A jumbo mortgage loan does not differ drastically from a standard property mortgage, but there are a few key differences worth understanding.
What Is A Jumbo Mortgage Loan?
A jumbo mortgage loan is one taken for a top-dollar property. Both in Colora... Read >
Author: Americanmortgage12th March 2008
In simplest terms, jumbo mortgages are loans taken to buy expensive real estate that exceeds loan standards for average homes.
How are jumbo loans different?
What differentiates jumbo mortgage loans is the loan amount. Currently, loan amounts greate... Read >
Author: Americanmortgage06th February 2008
We all know your credit report is very important in the decision making process for loans. With the current tightening up in the lending arena, one might ask yourself what is required to buy a house in today's market? During the last 7 years buying a hous... Read >
Author: Mike Clover10th June 2007
Buying a home is usually a very overwhelming and big event in a person or a couple's life. It takes lengthy considerations and life searching to find out if you are ready to do so. One thing people will most definitely need is the money to buy a home whic... Read >
Author: Steve Cancel01st May 2007
Introduction
What is the quickest way to improve your score? Do mortgage inquiries count against your credit score? Credit repair expert Jim Kemish answers these questions and more.
The Importance of Your Credit
Your credit score will determine t... Read >
Author: Jim Kemish13th March 2007
FHA was created in 1934 to give homebuyers a shot at owning an affordable home. Per The Department of Housing and Urban Development more than 34 million families have been helped by the FHA programs over the years. With it’s stated goal to allow familie... Read >
Author: Dale Rogers12th March 2007
Bernanke, in the recent past, had been urging in a passive way for the two heavy weights to lighten their portfolios. Now, it is more pointed with a strong message to Fannie Mae and Freddie Mac to focus more on affordable housing and less risky loans. The... Read >
Author: Dale Rogers24th January 2007
Is it interesting how a huge financial bubble can be created? Is it something that just happens? Are there dark forces behind it? Who could have known? The basic facts are that a huge amount of credit was pumped through the Federal Reserve and re-circ... Read >
Author: AdamHeist03rd October 2006
The decision to conform to some societal standard is often a contentious issue. With mortgages, it is purely an issue related to the amount you want to borrow.
To Conform or Not Conform With Mortgages
The first time you step into the ring of the ho... Read >
Author: Dan Lewis19th July 2006
When it comes to lifetime markers getting a first mortgage is a major event. With a mortgage you're magically transformed from occupant to owner and from tenant to titleholder. Applying for a mortgage used to be seen as a battle of sorts, a competition wh... Read >
Author: P Miller17th November 2005
In the past, homebuyers more or less had limited mortgage loan options. These days, there are more options than you can shake a stick at, but here's a primer on the basics.
Mortgage Loans
With the real estate market explosion over the last 10 years,... Read >
Author: Dan Lewis
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