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Whew what a day! First I have to watch Blagojevich doing the talk show
circuit (go Rachel Maddow!), then Starbucks is only offering Decaf if you
wait for them to brew it and finally
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Monthly Archives: January 2009
Banks Look to Your Financial Future to Approve Mortgages
The media clucking about lower interest rates has brought on a rash of refinances, mostly with folks trying to lower their rates, but some trying to pull equity out of their homes. With
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Need a co-borrower for a mortgage?
If you need to refinance your mortgage, but do not qualify, can you add someone onto the loan to help?
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No. This would be called a non-occupying co-borrower, defined as someone responsible
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The Fate of the Rate
Interest rates continue to climb from where they were last week. Said to be just a temporary thing on our rate rollercoaster, they can spike down at anytime.
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All economic and political
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Banks Require Higher FICO Scores for Mortgages
Once again, the banks show their reluctance to lend by adding another block of up charges for FICO score and loan to value.
As we know the big news is that interest rates are around 4.5%
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JP Morgan Chase Pulls Out of Wholesale Mortgage Business
After years of servicing the wholesale mortgage industry and being a rather large player, Chase pulls out this week. After acquiring Washington Mutual, they have decided to use the
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Government Requires Borrowers to Show Reason to Refinance
Under the new rules for mortgages, when refinancing a home loan, there must be a reasonable and tangible benefit to the borrower. In other words, you can’t just refi for the hell of
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Playing the Rate Game can be Scary
I walked into my office Tuesday and Anne ran up to me with the rate sheets from Wells Fargo and Chase. Do you want to lock in the Portman and Clark deals? The rates really came down this morning!Â
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Child Identity Theft
When I was a kid, my brother would join the mail order record clubs regularly in order to get the two free records that came when you signed up for new membership. He then got the bright
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Mortgage Rates Rise for 2009
So, how will the mortgage market work itself out in the next few weeks?
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Today, the rates went up, as they did Friday. Part from the unknown, the price of the Treasury Market- bond
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