Thought for the Day
"Success seems to be largely a matter of hanging on after others have let go." -- Publisher William Feather
Mortgage News
Mortgage Update: 5 Common Mistakes That Can Cripple Your Credit Score!
From Fox Business… Many people make some very simple, and well meaning, mistakes that can have major implications on their credit score and, adversely effect their ability to purchase or refinance that home! Click the link below to get more information on 5 of these mistakes…
FIND 5 COMMON MISTAKES THAT CAN CRIPPLE YOUR CREDIT SCORE
Mortgage News: More On The FHA MI Increase…
While the FHA mortgage insurance increase has been delayed by a month (October 4th now), the reasons for it have become cloudy!
I couldn’t agree with Frank and Brian’s take on this more!!!
Click the link below to view.
When Are Realtors, Loan Officers and Appraisers Going to Get Help?
Mortgage Update: FHA Loan Costs Going Up In September!!
Thinking of buying a home? Thinking of FHA financing? Thinking of procrastinating a while longer?
The cost of mortgage insurance on FHA mortgage loans will be going up on all loans with FHA case numbers ordered on or after September 7, 2010!! This could mean significant increases in your monthly cash flow for the SAME loan [...]
Mortgage Update: New Credit Card Tricks
The mortgage world is constantly changing and it seems almost impossible to catch up at times. With the dramatic importance of good credit and credit scores, it would make sense to be ever vigilant of the changes in credit cards as well. The Wall Street Journal did a very good job of summarizing some of [...]
Mortgage Rates Hit a New Low! Time To Get Off The Fence!
Mortgage rates in Illinois, and the nation, have hit a new low. Purchase or refinance… It may be time to make that move that you’ve been putting off!
Visit msnbc.com for breaking news, world news, and news about the economy
Mortgage Regulators: Who’s Interests Are Really Being Served?
This video, from our friends Frank and Brian at TBWS, is an eye opener! As the regulators continue to try to “fix” what they think is broken, does anyone find it as interesting as I do, that the large majority of legislation affects the mortgage broker negatively and affects the banker in virtually no [...]
Beware The Mortgage/Real Estate Targeted Viruses
Computer viruses have become far more insidious in recent months! My family and I have been personally affected 3 times in the last 6 months! Many of these, while they are new, seem to be able to sneak by many anti-virus software mechanisms and appear to be specifically targeting the mortgage and real [...]
Home Mortgage Rates Increasing??
March 31, 2010 is the scheduled end to the Fed’s multi-trillion $$ purchase of Mortgage Backed Securities!! While the exact impact is uncertain, most economists expect rates to increase, at least on a temporary basis. There’s a nice explanation in the Think Big Work Small video below…
TBWS Daily Monday March 15, 2010
Home Affordable Program Extended!!!
A valuable mortgage tool to help troubled homeowners has been extended! See video below…
According to statistics from Fannie Mae, “more than 329,000 loans have been delivered to Fannie Mae through the Refi Plus flexibilities. Of those loans, more than 100,000 were refinanced under the HARP with loan-to-value ratios between 80% and 125%!!
My question is: How [...]
Where’s the REAL Incentive to Turn the Real Estate/Mortgage Market Around??
View this video by clicking here and, from the perspective of the lender, what do you think is the most financially beneficial course of action… helping the homeowner out with a loan modification OR pushing them into a short sale???
The numbers proposed in this video are purported to be true! If that is the case, [...]
JULY SPECIAL... Fannie Mae/Freddie Mac Home Affordable Refinance Extended until 6/2011! I WILL CREDIT THE COST OF APPRAISAL ON CLOSED LOANS THAT APPLY IN JULY!