Mortgage rates dropped no more than a spit in the bucket late Friday afternoon.  Don’t get excited, they are still over 6%. They probably dropped a bit because oil went up yet again
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A reduced documentation loan is just the same as a no income verification loan, but different. With a no income (stated) verification loan, you put in the employment information and
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I hate this question, because I feel that I am personally responsible.  Why are mortgage rates getting higher instead of the much needed lower?  Let me use words that we made up recently
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They are sort of flat.  Today there were rate changes twice at some of the large lenders.  People think rates are still below 6%, but they have been creeping up little by little. 
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So, I got all excited when they announced that coop loans will be included as jumbo conforming loans up to amounts of 729,000. I called several clients to give them the a heads up and started
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Some lenders are now ordering second appraisals right before the loan closes to make sure the value is still there. So, if you go into contract, put a deposit down, apply for a mortgage
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FNMA recently increased conforming loan amounts on single family homes up to a maximum amount of 729,000 in certain areas.  Loan amounts in between 417,000 and 729,000 are referred
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I have written several times about FHA mortgages and how I am not a huge fan.  Well once again, I can tell you why. A client had gone to a mortgage company in Brooklyn to obtain an FHA loan. 
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All right, talk about MIA, delinquent and irresponsible!!  For the past few weeks, I have been travelling.  Mexico was great.  needed that R&R.  Washington DC is always
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