recent posts Mortgage Rates Will Come Back ...
Mortgage Rates Will Come Back Down! (Video)
Posted by admin on 06 12th, 2009
#HVCC CALL TO ACTION...
#HVCC CALL TO ACTION
Posted by yourmortgageplanner on 06 10th, 2009
To: All Mortgage Brokers, Real Estate Agents, Appraisers, Lenders, Home Builders, Title Agents, and Consumers From: Marc Savitt, President- National Association of Mortgage Brokers After more than a year of exhaustive negotiations with Fannie Mae,...
Mortgage Rates June 5, 2009 ...
Mortgage Rates June 5, 2009 – Week Review – I Hate When I Am Right!
Posted by yourmortgageplanner on 06 5th, 2009
Not much to say except is it over yet? As my colleges would say “Stop Being Chicken Little” although this time I might be right? Over the last eight (8) days MBS have been getting there you know what handed to them.  This does not translate...
Using First-Time Homebuyer Tax...
Using First-Time Homebuyer Tax Credits - Cannot Be Used For The 3.5% Required Down Payment
Posted by yourmortgageplanner on 06 2nd, 2009
The First-Time Homebuyer Tax Credits - Cannot Be Used For The 3.5% Required Down Payment. •    Pursuant to 12 U.S.C. 1709(b)(9), the homebuyer’s downpayment required for eligibility for FHA insurance may not consist of any funds (including...
Using the $8,000 First Time Ho... Posted by yourmortgageplanner on 06 2nd, 2009
I am sure you have heard all the Hype about the new ability about Using the $8,000 First Time Homebuyers Tax Credit as a Down Payment.  Not so FAST! As a lender on the Broker side I am all over this; I have queried multiple lenders and have included...
Mortgage Rate Forecast June 1,...
Mortgage Rate Forecast June 1, 2009 (Chart)
Posted by yourmortgageplanner on 06 2nd, 2009
June 1, 2009 started as another brutal day in the Mortgage Market. On top of the negative bankruptcy news for GM Mortgage Rates increased after a nice head fake last Thursday and Friday.  After reaching as low as 4.375% on a 30 YR in May. Mortgage...
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recent from Mortgage Rates Mortgage Rates June 5, 2009 – Week Review – I Hate When I Am Right! Mortgage Rates June 5, 2009 – Week Review – I Hate When I Am Right!
Not much to say except is it over yet? As my colleges would say “Stop Being Chicken Little” although this time I might be right? Over the last eight (8) days MBS have been getting there you know what handed to them.  This does not translate good for consumer Mortgage Rates. End of market pricing...
recent from First Time HomeBuyer Using First-Time Homebuyer Tax Credits - Cannot Be Used For The 3.5% Required Down Payment Using First-Time Homebuyer Tax Credits - Cannot Be Used For The 3.5% Required Down Payment
The First-Time Homebuyer Tax Credits - Cannot Be Used For The 3.5% Required Down Payment. •    Pursuant to 12 U.S.C. 1709(b)(9), the homebuyer’s downpayment required for eligibility for FHA insurance may not consist of any funds (including funds derived from a sale of the homebuyer tax credit)...
recent from FHA Using the $8,000 First Time Homebuyers Tax Credit as a Down Payment. - NOT So FAST!
I am sure you have heard all the Hype about the new ability about Using the $8,000 First Time Homebuyers Tax Credit as a Down Payment.  Not so FAST! As a lender on the Broker side I am all over this; I have queried multiple lenders and have included there response. In short not one lender has implemented...
recent from Financial Awareness #HVCC CALL TO ACTION #HVCC CALL TO ACTION
To: All Mortgage Brokers, Real Estate Agents, Appraisers, Lenders, Home Builders, Title Agents, and Consumers From: Marc Savitt, President- National Association of Mortgage Brokers After more than a year of exhaustive negotiations with Fannie Mae, Freddie Mac, James Lockhart, Director of FHFA (GSE Regulator),...