For the few that will be affected by this, FNMA is cutting back on the number of homes that you may mortgage.  The guidelines will be effective mid-august at most large lenders.  Buying
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I am proud to unveil my free eBook: Chapter 7: The Mortgage Process from my forthcoming book a Short Book on Mortgages: Lessons from the Trenches (ISBN-13: 978-0-9816165-0-6, 2008).
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 Will the new housing bill help?   The stock marketing is betting against it, the media doubts it and clients are calling with requests that cannot be met by the banks.   Why won’t
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The word “mortgage” comes from both the Old French (“mort”) and English (“gage”) meaning “dead pledge.”  In the late 12th century, the first mortgages were recorded
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Sometimes, you just gotta get away!  This is me standing at the top of the mountain posing for that famous shot of Machu Picchu you see everywhere. Yes, it does look exactly like the
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He who has the gold makes the rule, of course. Fannie and Freddie have been having problems for years, and with the “mortgage mess” as they call it, the problems have erupted into
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Last Friday I had a visit from one of my most reputable bank attorneys.  His business of closing loans is very quiet, but he told me about a new business he has started.  He negotiates
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Despite all of the depressing news on FNMA and FreddieMac, interest rates have gone down just a little bit more. This is surprising considering the fear of what could happen in the near
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Interest rate have come down twice today and twice yesterday.  Is this just an illusion? The consumer might think all of the media hoopla of rates falling is great.  However, the
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The few lenders left that offer a first mortgage combined with a second mortgage or HELOC are pulling back the reins next week. HELOC’s were one of the first things to go when the mortgage
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