How To Get Home

If I had to guess, I would say over half of the potential home buyers that call in for their initial consultation ask the same question- How much can I be approved for? A large percentage of these same buyers will go out and find a home at that maximum price or slightly higher.
Most mortgage […]

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A few weeks ago, I made a post on the subject of risk. A lot has changed in the last 3 weeks so I thought I would revisit the issue.
The headlines today were more of the same - Late Mortgages Jump to 3 1/2 Year High - New Foreclosures Hit All-Time High. Today’s release of […]

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Stability in the stock market last week (as compared to the wild ride the week before) caused mortgage investors to return their focus to the economic data, and there were few surprises early in the week. Mortgage rates held steady through Thursday, as investors mostly remained on the sidelines ahead of […]

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The 2007 Saint Patrick’s Day Parade will take place on Saturday morning March 17th. This will be the 183rd edition of the parade. This parade has attained the distinction of being one of the top 20 special events in the Southeastern United States. It has also been named the second largest […]

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How much cash are you going to need at closing? What account are you going to pull these funds from? After you have met with your Mortgage Planner and you are trying to decide how to structure your offer to the seller, consider the option of having the seller contribute towards closing/prepaids.
If the industry is […]

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Countrywide Financial is the nation’s largest mortgage lender. As of Friday, Countrywide was telling brokers to stop offering the option of no-money down.
“Please get in any deals over 95 LTV (loan-to-value) today!” Countrywide said late on Friday in an urgent e-mail to brokers. “Countrywide BC will no longer be offering any 100 LTV […]

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Yesterday the FBI and the Mortgage Bankers Association reached an agreement to fight mortgage fraud together. The new effort is designed to educate consumers and mortgage lenders about the penalties and possible prison terms associated with mortgage fraud.
The FBI’s Mortgage Fraud Warning Notice states that it is a federal crime for any person to […]

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Witht the recent slowdown in the housing market, several nationwide homebuilders having been feeling the hurt. Make no mistake about it, residential home construction is no easy business. In 2006, sales fell 17% and builders are still struggling with current inventory levels.
Some business leaders find it difficult to call it like it is. D.R. Horton’s […]

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Our new Fed Chief and our old Fed Chief were both making headlines today. I use the term “old” in reference to his status as the former Fed Chairman and not based on the fact that Mr. Greenspan turned 81 today - congratulations. Before his birthday party, the former central banker told Bloomberg news […]

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Not sure if you got to watch the 60 Minutes section tonight on U.S. Comptroller General David Walker. It was a very powerful story about the impending financial crisis facing the country. It’s been called the “dirty little secret everyone in Washington knows” – a set of financial truths so inconvenient that most elected officials […]

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